The Rice belt journal., 1916-09-01
Ar Gle I'LL.


All citations, ummonS and other
legal processes shall be served on
the President G., said corporation,
and, in case o, IS absence, on the
Vice President, nd, in the absence
of both, on the Secretary.
Article Nv.
The capital stock of this corpora.
ton is hereby liked at the sum OF
thirty Thousand ($3O,OOOOO) Dollars,
divided into Three Thousand (9,OOO)
Shares. of the par value of Ten
$4,000 Dollars per share, which
capital stock may be increased to the
amount of $5O,OOO.0O in accordance
with the laws of Louisiana. Stock IN
this corporation may be paid Tor IN
labor or other services, and II mate
rial furnished, and in the sale and
lease of land or mineral rights, or
good will, as well 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 capital stock
has been subscribed and paid for in
full.
Article V.
The corporate powers of this cor
poration are hereby declared, except
as may hereafter be stipulated, to be
vested in and exercised by a board OF
directors composed of not more than
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; each
stockholder shall be entitled to one
vote for each share of stock held and
owned by him. and may cast his vote
in person or by written proxy; anc
said meeting If stockholders shall be
preceded b, due notice according to
law to each stockholder at least III
teen days before such meeting; pro,
vided, however, that failure to holo
said meeting of the stockholders and
to elect board of directors shall not
operate as forfeiture of this char
ter or any abandonment of any OF tne
rights secured by it to the stockhoid,
ers. but the board of directors anc
officers shall hold over until tneli
successors are elected and qualltled
Other stockholders meetings may be
held when ordered by the board OF
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 manner
prescribed for stockholders meetings
for the election of directors. unless
such notice be waived, and all meet
Iings of the stockholders shall be helt
at the domicile of the corporation.
| Article vi.
The Board Of Directors, when elect
ed by the stockholders, shall selec
from their own number President
Vice President, General Manager
Manager of Field Operations, Secre
tary and Treasurer, both of which las
named offices may be held by on
person. The respective officers shal
have the powers usually given to sai'
, officers, and shall serve until thei
, successors hall have been elected ant
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 il
their judgment may be proper ant
for the best interests Of the corpora
tion.
The following named stockholder
shall constitute the first board of di
rectors of this corporation and its of
ficers, and shall continue in effic
until their successors are elected ant
qualified at the annual meeting, here
inbefere provided fer On the frs
Monday in January, 1917, viz:
A. T. Jones, President.
E. H. Boiling, Vice President.
John 7. Hood, Secretary and Treas
urer,
John w. Carradine, Manager o
Field Operations.
, Board of Directors-A. II. Jonas, Il