The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1916-03-09
ARTICLE III.

million dollars divided into ten thousant
shares of one hundred dollars each
namely: two Thousand shares of ''Paid
up-Stock" and eight thousand shares O
"Installment Stock.
'Installment Stock" shall be sole
for an initial payment, payable at thu
time of subscription, not less than
sum equal to sixty cents per month pel
share for each month since the be
ginning of its series and q monthly
payment of sixty cents per share, pay
able on the first day Of each month
thereafter, until such payments, plus
| the shares part of dividends
amount to one hundred dollars.
''Paid-up-Stock" shall be sold fol
cash, at not less than par, payable al
the time of subscription.
All stock shall be issued in series
dated the first of March or the first OF
September of the year issued.
ARTICLE Nv.
It's powers shall be vested in, and its
affairs conducted by, board of nine
directors elected by ballot by the stock
holders at a meeting to be held on the
first Tuesday in March of each year
beginning with 1917.
I Vacancies on the board shall be filled
until the next stockholders meeting by
the remaining directors.
The board shall elect, Viva Voce, the
following officers from its members, to
wit: A President, a Vice President, a
Secretary and . Treasurer, the same
individual nav ~ elected both Secre-
~ NfSIt rfssses sssss4r sasss
The frst board shall consist Of Sid
ney Katie, who shall be President,
Samuel Levy, who shall be Vice. Presi-
dent, T. G.. Barnes, who shall be
Secretary and Treasurer, Arthur w.
Watson, Samuel H. Hill, Robert j.
Phillips, Albert E. Ewing, Nj. H. Car
yer, and c, K. Payne.
ARTICLE v.
At stockholders meetings, b
person who has been a member for
sixty days preceding the meeting shall
be entitled to one vote for each full
dollar paid by him on the purchase
price of stock.
ARTICLE VI.
Meetings % stockholders for
purposes for which the law pre-
scribes special notice, shall
be upon the notice so prescribed.
Norice of meetings for other purposes
shall be given by publication once, not
less than ten nor more than twenty
days before the meeting, in a news
paper published weekly at Natchi-
toches, Louisiana.
ARTICLE VII.
Its net earnings shall be ascertained
semi-annually on the first.days.of March
and September, each year, and from
such earnings the board of directors
may declare dividends.
Dividends shall be apportioned ac-
cording to payments made on stock
subscriptions exclusiy ye of premiums.
ARTICLE Win.
Unpaid installments and other
charges upon shares of stock shall be a
lien thereon enforceable by suit or by
forfeiture as may be determined by the
board of directors.
ARTICLE. TX
When this corporation is dissolved
its affairs shall be liquidated by three
Liquidators elected by ballot by the
stockholders at meeting called for
that purpose In case of vacancies
amongst said Liquidators such vacan-
cies shall be filled by those remaining.
The Liquidators shall convert the
assets of the corporations into cash by
collection or sale thereof and shall dis
tribute the proceeds, after paying
costs, first to the creditors of the
corporation and the remainder to the
stockholders.
Said Liqui6ators may, and on the
demand of one-fourth in amount of the
stockholders shall, obtain confirmation
as judicial Liquidators from the Dis
trict Court of the corporations domi-
Gil and shall conduct the liquidations
under the orders of said court, giving
bond in such amount as may be fixed
by the stockholders or by said court.
Thus done and signed by said ap-
pearers all residents of Natchi:oches
Parish Louisiana, who severally sub
scribe for the number and kinds of
shares indicated opposite their respec-
tive names, in the presence of the two
undersigned witnesses in said State
and Parish on this Twenty Fifth day of
January, 1916.
Name of In Kind of Stock Number
corporator Subscribed for ofShares
NJ. H. Carver Paid Up IN
Albert E. Ewing Paid Up
Albert E. Ewing Installment II
S. H. Hill II
Al. w. Watson Paid Up /
Al. w. Watson Installment II
| T. G. Barnes :" II
! Robert }. Phillips '' II
j. w. McCooR +" 10
Sydney Katie 't II
Harold IA. Katie 10
J A. Cannon !" IL
j. B. Pressburg +" 10
Jos. Fl. Levy . 5
Alnnrf Ninharrr Paid m