The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1916-08-25
article iii.

trticle iii.
All citation summons and other
legal process shall be served on
the Preside of said corporation,
and, in case of his absence, on the
Vice President, and, in the absence
Of both, on the Secretary,
Article w.
The capital stock of this corpora
ton is hereby fixed at the sum of
Thirty Thousand ($3O,OOO.OO) Dollars,
divided into Three Thousand $4,000
Shares, of the par value Of Ten
$4,000 Dollars per share, which
capital stock may be increased to the
amount of 100000 in accordance
with the laws of Louisiana. Stock in
this corporation may be paid for in
labor or other services, and il mate
tial furnished, and in the Sale and
lease of land or mineral rights, OF
good will, as we'll as IN cash, and the
Judgment of the Board of Directors
as to the value of the property, labor
good will or services SO taken, shall
be conclusive. This corporation is
authorized to commence business
when one-half of the capita stock
has been subscribed and paid for ir
full.
Article Y.
The corporate powers of this cor.
poration are hereby declared, except
as NAV hereafter be stipulated, to be
vested in and exercised by board Of
directors composed Of not more thar
nine (9) of it's stockholders, which
said board shall be elected annually
oy said stockholders on the first
Monday in January of each year; eacl
stakeholder shall be entitled to one
vote for each share of stock held anc
owned by him. md may cast his vote
in person or by written proxy; anC
said meeting If stockholders shall be
preceded b, due notice according tt
law to each stakeholder at least fiji
teen days before such meeting; pro
vided. however, that failure to hole
said meeting of the stockholders anc
to elect a board of directors shall no
operate as a forfeiture of this char
ter or any abandonment of any of TIT
rights secured by it to the stockho'd
ers, but the board of directors anc
officers shall hold over until theil
successors are elected and qualified
Other stockholders meetings may b
held when ordered by the board o.
directors or the holders of twenty
five per cent of the outstanding
stock, and notice Of all stockholders
meetings other than adjourned meet
ings, shall be given in the manne
prescribed for stockholders meeting
for the election of directors, unles
such notice be waived, and all meet
ings of the stockholders shall be hell
at the domicile of the corporation.
Article vi.
The Board of Directors, when elect
ed by the stockholders, shall selec
from their own number a President
Vice President, General Manager
Manager of Field Operations, Score
tary and Treasurer, both of which las
named offices may be held by on
person. The respective officers shall
have the powers usually given to sail
officers, and shall serve until thei
successors hall have been elected AM
qualified.
The President and Secretary, witt
the approval of the Board of Direc
tors, shall have the right, power ant
authority to enter into and execut
all contracts of any nature which the,
may see fit to make and to make pur
chase, sales, leases, Sub-leases, ant
execute all other instruments as i,
their judgment may be proper ant
for the best interests of the corpora
ton.
The following named stakeholder
shall constitute the first board of di
rectors of this corporation and it's of
ficers, and shall continue in offic
until their successors are elected an,
qualified at the annual meeting, here
inbefore provided for on the frs
Monday in January, 1917, viz:
A. 7. Jones, President.
E. H. Boiling, Vice President.
John T. Hood, Secretary and Treas
urer
John w, Carradine, Manager o
Field Operations.
Board of Directors-A. T. Jones, E