The Era-leader. [volume] (Franklinton, La.) 1910-current, 1916-12-14

follows:
R. R. CowAN, Hattiesburg, Miss.
I'D. KERR, Franklinton, La.
VIC. STORM, Franklinton, La.
Until the first meeting of stockhold-
crs. r. r. Cowan shall be President,
+. D. Kerr, VicetPresident. and W.
c, Storm shall be Secretary-TreaS-
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 such
day shall fall on legal holiday, in
which ease the meeting shall be held
on the day following, the ssoekhold-
ers shall elect . Board OF Directors
for the ensuing year; the Board OF
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 Of
fcers of the corporation as above
provided, and every such board may
appoint all such necessary managers
and agents as the nature OF the bust
ness may require. The. election or
Directors shall be by ballot and the
persons receiving the largest number
of votes shall be declared elected.
For electing Directing, or for any
other purpose, each share OF stock
shall be entitled 10 one vote and ma
iority OF votes shall be required to
pass any resolution or decide any
question submitted to tile STOCKHOLM
ers, except for the alteration OF the
charter or the dissolution OF the cor
poration. Said Board Of Directors
shall have power and authority to
make all necessary rules and regula-
tions for the management, operation
| and control OF tho business OF the
Corporation, and shall have power
| to fill the vacancy occurring in their
number. A majority of the Directors
voting at one time, in person or by
lproxy, shall be required to pass any
resolution or adopt any by law, and
(which, when SO adopted shall become
valid corporate acts.
| ARTICLE VIII.
| Notice of all meetings OF stoskold-
ers for sleeting diressors or for other
ipurposss, shall be given in writing by
the Secretary, such notice TO DO de-
llivered personally or 10 be deposited
in tho post Office, properly addressed,
| to each stockholder, at his last known
residence appearing upon the books
of the Corporation, at least fifteen
days before such meeting, unless such
tnotioe is waived in writing by all the
stockholders appearing as such upon
the books.
ARTICLE TX.
This act OF incorporation may be
modified, added TO, changed or amend
led, or this Corporation may be dis
solved, by and with the assent Of the
holders of two-thirds in amount Of the
then outstanding stock, at meeting
of the stockholders convened after
fifteen days prior notice, as provided
| in Article Eight of this charter.
In the event of the dissolution O.
this corporation either by limitation
or otherwise, its affairs shall be liqui
dated by two liquidators to be elected
from among the stockholders at ;
special meeting of the Stockholders
for that purpose, as above provided
> and said liQuidators shall remain il
Office until the affairs of the corpora
ton shall be fully llquidated as pro
vided by lazy, and in the event 0
death or the disability or resignation
of one or more of the liquidators. th'
survivor shall continue to act.
ARTICLE x.
No stockholder shall be held liabl,
or responsible for the contracts Of
faults of the corporation in any fur
Their sum than the unpaid balance du'
; to the corporation on their shares o
/ stock owned by him, nor shall any
mere informality in organization have
| the effect of rendering this charter
null, or exposing o stakeholder &c
| liability beyond the unpaid balance
due on stock owned by him, if any.
Thus done and passed, at my Office
in the Town of Franklinton, Parish O.
| Washington, State of Louisiana, or
| the day, month and year first above
written in the presence OF R. H. Bate
man and D. E. Branch, two compe
tent witnesses who signed their names
hereto, together With the said ap.
bearers, and me SAID Notary, after
due reading of the whole,