The Natchitoches enterprise., 1916-02-24
ARTICLE HI.

stead business.
ARTICLE HI.
1t shall have a capital stock of one
million dollars divided into ten thousand
shares Of one hundred dollars each,
namely: two thousand shares of ''Paid-
up Stock" and eight thousand shares of
'Instalment Stock
'Instalment Stock" shall be- sold
for an initial payment, payable at the
time Of subscription, not less than q
sum equal to sixty cents per month per
share for each month since the be-
ginning of its series and a monthly
payment of sixty cents per share, pay.
aOle on the first day of each month
thereafter, until such payments, plus
the share 5 part of dividends,
amount to one hundred dollars.
"Paid-up- STOCK" shall be sold for
cash, at not less than par, payable at
the time OF subscription.
All stock shall be issued in series
lated the first of March or the first ci
September of the year issued.
ARTICLE ".
Its powers shall be vested in, aad it's
affairs con iuc5ei by, board of nine
directors elected by ballot by the stock
holders at meeting to be neld on the
first Tuesday in March of each year
beginning with 1917.
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 may be elected both Secre
tary and Treasurer.
Samuel Levy. who shall be Vice. -Fresi-
dent, T. G. Barnes, who shall be
Secretary and Treasurer, Arthur ".
Watson, Samuel H. Hill, Robert J
Phillips, Albert Z. Ewing, M. II. Car
yer. and c. K. Payne.
ARTICLE V.
At stockholders meetings, c h
person who has been 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 Of stockholders r
purposes for which the, law pre-.
scribes q special notice. shall
be upon the notice so prescribed.
NoIice of meetings for other purposes
shall be given by publication once, not
less than ten nor more than twenty
laws before the meeting, in a news
paper published weekly at Natchl-
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 exclusive Of premiums.
ARTICLE VII.
Unpaid lnstallments 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 ol directors.
ARTICLE TX
When this corporation is dissolved
its affairs shall be liquidated by three
Liquidators elected by ballot by the
stockholders at a meeting called for
that purpose. In case of vacancies
amongst said Liquidators such vacan-
cies snail be filed by those remaining.
The Liquidqtors 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 TIE
stockholders.
Said LiquiGators 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.
ell and shall conduct the liquidations
under the orders of said court, giving
| bond in such amount as may be fixec
/ by the stockholders or by said court.
| Thus done and signed by said ap'
pearers all residents of Natchi :oche:
] Parish Louisiana, who severally SUB
scribe for the number and kinds d
shares indicated opposite their respec
tive names, in the presence of the twc
undersigned witnesses in said StaCt
and p; rish on this Twenty Fifth day 0.
Januai y, 1916.
Name ii IN Kind of Stock Number
corporator Subscribed for of share
II. H. Carver Paid Up IL
Albert E. Ewing Paid Up
Albert z. Ewing InstalIment II
s. II. Hill . II
a. W. Watson Paid Up l
A. w. Watson 1nstallment IT
IT. G. Barnes = II
Robert j. Phillips II
]. w. McCook 10
SYDNEY Katie II
Harold NJ. Katie 10
]. A. Cannon II
j. B. Pressburg u
Jos. I'll. Levy