The Era-leader. [volume] (Franklinton, La.) 1910-current, 1916-11-30

he capital stock of this corporation d
nav be increased to the sum OF fllVy
(5O,OOO.OO) Dollars in &C l.
ordance with the provisions OF law
thereto. /
In case of any increase In the Cap
tai stock. the stock holders OF record
# the tine of such increase shall nave
he preferment right to subscribe AZ
oar for any such increase pro rata W
heir respective holdings i
ARTICLE VI.
All the powers of this corporation
shall be exercised by Board OF d.
rectors. to be composed aof three (9)
stockholders, to be elected at the an
nual meeting OF the stockholders.
The persons named as Directors all
of whom shall be stockholders in the
corporation, shall elect from their
number a President. Vice President,
and "a Secretary-TreasIrer, all OF
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.
J.D. KERR, Franklinton, La:;~
VIC. STORM. Franklinton, Ea.
Until the first meeting of stockhold-
ers r. R. Cowan shall be PRESIDENT
J. D. Kerr, VicetPresident. and W.
G. Storm shall be Secretary-lreas-
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 sucn
day shall fall on legal holiday, IN
which case the meeting shall be helo
on the day following, the stockhoio'
ers shall elect a Board of Directors
for the ensuing year; the Board O
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 nl
6cers of the corporation as above
,, proyided, and every such board ma
appoint ali such necessary manager
and agents as the nature of the buSl
ness may require. The election 0
Directors shall be by ballot and tn
persons receiving the largest numbe
Re Of votes shall BE- declared elected
u For electing Directing, or for al
: other purpose, each share OF stoc
" shall be entitled to one vote and m
y iority of votes shall be required
As pass any resolution or decide an
III question submitted to the stockholt
Il ers. except for the alteration OF II
l. charter or the dissolution of the co
le poration. Said Board OF Dlrecto
shall have power and authority
d make all necessary rules and regul
lions for the management, operate
and control of the business OF II
lis CORPORATION, and shall have pow
I'm to fill the vacancy occurring in TIT
y. number. A majority of the Directc
he voting at one time, in person or
O) proxy, shall be required to pass a
n resolution or adopt any by law, a
as which, when so adopted shall beco
e, valid corporate acts.
or ARTICLE VIII.
or Notice of all meetings OF stocko
VI ers for electing directors or for OIL
ID purposes, shall be given in writing
ey the Secretary, such notice to be
% livered personally or to be deposit
i've in the post office. properly address
a'e to each stockholder, at his last kno
residence appearing upon the LOO
--- -- of the Corporation, at least hit
.svz days before such meeting, unless 81
q notice is waived in writing by all
4 stockholders appearing as such W
n the books.
ARTICLE TX.
This act of Incorporation may
modified, added to, changed or anne
w ed, or this Corporation may be
- solved, by and with the assent OF
a holders of two-thirds in amount OF
n then outstanding stock, at a meet
b of the stockholders convened a
fifteen days prior notice, as provi
n in Article Eight of this charter.
b In the event of the dissolution
this corporation either by limitlt
or otherwise, its affairs shall be Ii
dated by two liquidatoTS t. be ele'
from among the stockholders a
special eetirg of the stockhol
Z for that ur. ose, as above provi'