The Era-leader. [volume] (Franklinton, La.) 1910-current, 1916-11-09

whom shall be under the authority
and supervision of the Board OF d.
rectors. The first Board of Directors
with their respective addresses, are
as follows:
R. r. CowAN, Hattiesburg, Miss.
]. D. KERR, Franklinton, La.
w. c. STORM. Franklinton. LA.
Until the first meeting of stockhold-
ers, r. R. Cowan shall be President,
J. D. Kerr, VicetPresdent. and W.
&C., Storm shall be Sevretary-Treas-
urer of the corporation,
ARTICLE VII.
On the lst day of September A. D.
1917, and on the same day OF each
succeeding year, except when such
day shall fall on legal holiday, in
which case the meeting shall be held
on the day following, the stockhold'
ers shall elect Board of Directors
for the ensuing year; the Board OF
Directors already installed shall con-
tinue to hold over until their success
sors are elected and qualified.
The Board of Directors so elected
shall elect from their number the OF
ficers of the corporation as above
provided, aud every such board may
appoint all such necessary managers
and agents as the nature of the bust
ness may require. The election of
Directors shall be by ballot and the
persons receiving the largest number
of votes shall be declared elected.
For electing Directing, or for any
other purpose, each share of stock
shall be entitled to one vote and ma
iority of votes shall be required to
pass any resolution Or decide any
Iuuestion submitted to the stockholm
ers, except for the alteration OF the
charter or the dissolution OF the cor
poration. Said Board of Directors
shall have power and authority tt
make all necessary rules and regula
J tions for the management, operation
and control Of the business OF the
CORPORATION, and shall have power
, to fill the vacancy occurring in thel
number. A majority of the Director
voting at one time, in person or by
proxy, shall be required to pass an,
resolution or adopt any by law, an
which, when so adopted shall becom
valid corporate acts,
2 ARTICLE VIII.
Notice of all meetings OF stockolc
ers for electing directors Or for othe
purposes, shall be given in writing b
, the Secretary, such notice to be de
s livered personally or to be depositc
d in the post Office. properly addressed
n to each stOckholder, at his last know
; residence appearing upon the book
g Of the Corporation, at least tiftee
days before such meeting, unless sue
a notice is waived in writing by all tn
stockholders appearing as such upo
the books.
81 ARTICLE TX.
n This act of incorporation may
!, modified, added to, changed or amen(
e ed, or this Corporation may be di:
solved, by and with the assent OF II
i holders of two-thirds in amount OF tn
S then outstanding stock, at meetin
}, of the stockholders convened aft
n fifteen days prior notice, as provide
n in Article Eight of this charter.
n In the event of the dissolution {
!. this corporation either by limitatio
Y or otherwise, its affairs shall be liqu
If dated by two liquidators to be electe
e from among the stakeholder at
e special meeting of the stO ckholde
for that purpose, as above provided
n and said liquidators shall remain
y Office until the affairs Of the corpor
; ton shall be fully llquidated as pr
W vided by law, and in the event
death or the disability or resignatit
y Of one or more of the liquidators, II
d survivor shall continue to act.
'e ARTlCLEX.
:" No stakeholder shall be held lab
~ or responsible for the contracts
faults of the corporation in any flu
ther sum than the unpaid balance d
IN to the corporation on their shares
IL stock owned by him, nor shall ar
y mere informality in organization ha
n the effect of rendering this chart
S. null, or exposing q stakeholder
Ill liability beyond tie unpaid balan
he due on stock owned by him, if any.
,ir Thus done and passed, at my off
It, 7 in the Town of Franklinton, Parish
OF Washington, Stats OF Louisiana, I