The Era-leader. [volume] (Franklinton, La.) 1910-current, 1916-11-23

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The capital stock of this corporation
NAV be increased to the sum Of FIFTY |
Thousand O,0OO.00) Dollars in &C
cordance with the provisions of law
pertaining thereto.
In case of any increase in the cap
ital stock. the stock holders of record
at the tine of such increase shall have
the preferment right to subscribe AT
par for any such increase pro rata to
their respective holdings.
ARTICLE VI.
All the powers of this corporation
shall be exercised by Board OF d.
rectors. to be composed ssof three CD
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 President, Vice President,
and a Secretary-Treasyrer, all OF
whom shall be under the authority
and supervision of the Board OF Dr.
rectors. The first Board Of Directors
with their respective addresses, are
as follows:
R. r. COwAN, Hattiesburg, Miss.
J. D. KERR, FrankEinton, La.
VIC. STORM, Franklinton. La.
Until the first meeting of stockhold'
ers, r. r. Cowan shall be President,
J. d. Kerr, VicetPresident. and W,
c., Storm shall be Sec:etary-Treas'
urer of the corporation,
ARTICLE VII.
On the 1st day of September A. D.
1917, and on the same day of each
succeeding year, except when such
day shall fall on legal holiday, in
which case the meeting shall be hel(
on the day following, the stockhold
ers shall elect a Board OF Directors
for the ensuing year; the Board 0
4 Directors already installed shall con
tinue to hold over until their success
sors are elected and qualified.
The Board of Directors so eiecte
c shall elect from their number the OF
f. ficers of the corporation as abov'
q provided, and every such board ma
t appoint ali such necessary manager
y and agents as the nature OF the bust
o ness may require. The election o
Directors shall be by ballot and tn
O persons receiving the largest numbe
6 of votes shall be declared elected
y For electing Directing, or for an
% other purpose, ua;h share of stoc
J. shall be entitled to one vote and NJ;
iority of votes shall be required
, pass any resolution or decide an
question submitted to the stockAold
T. ers, except for the alteration of tr
. charter or the dissolution of the Coz
, poration. Said Board OF Director
f. shall have power and authority
make all necessary rules and reguli
~ lions for the management, operatlo
10 and control of the business of til
= Corporation, and shall have pow'
a to fill the vacancy occurring in the
= number. A majority of the Directo
J voting at one time, in person or |
G proxy, shall be required to pass az
resolution or adopt any by law, al
which, when so adopted shall becon
valid corporate acts.
10 ARTICLE VIII.
d Notice of ali meetings of stocked
p ers for electing directors or for 9th
y purposes, shall be given in writing
7, the Secretary, sucn notice to be d
Is livered personally or to be deposite
I'd in the post office. properly addresse
N to each stakeholder, at his last know
|, residence appearing upon the boo
lie of the Corporation, at least tifte'
$ days before such meeting, unless SUE
a notice is waived in writing by all tt
stockholders appearing as sucl upt
the books.
ARTICLE tx.
IN This set of incorporation may
\ modified, added t >, changed or amen
70 ed, or this Corporation may be di
y solved, By and with the assent of t
n. holders of two thirds in amount of tt
,s then outstanding stock, at a meetil
O of tae stockholders convened aft
or fifteen days prior notice, as provid
or in Article Eight of this Charter.
Up In the event of tie dissolution
n this corporation either by limitatic
~ or otherwise, its affairs shall be liqs
of dated by two liquidators t be electt
va from among the stockhol rs at
20 Snecia1 .yeptirg OF the StOckhOlde