The herald., 1917-03-08
|unMEY tn TAN DIAMONDS
lmUIV61 80 GOLD and SILVER
Remedial Loan Society
REMEDIAL RATES
A Remedy for the Esorbitant
Interest Charged

! ;hermore, to own and operate in connection
with said business, tram-roads, logging roads, /
sailing vessels, steam vessels and other wa
, ter craft necessary for the transportation of
/ is material and products and also do
mercantile business.
| Article IV.-The capital stock of this cor
! poratiOn IS hereby liked at the sum Of fifty /
! thousand Eollars (SSODGDG0), divided into [.
| five hundred $500 shares OF one hundred dol |
| lars lslOOOO each, which said stock shall be
! paid fo- n cash its equivalent in such /.
| manner and amounts as the board OF direc- /
| tors may determine or may be issued at par
| in payment OF property actually purchased
! and such stock so issued shall be full paid
and worcestershire. All in conformity and
ing corporate laws.
This corporation shall be authorized to COM
mence business and be going concern as
| soon as twenty-five thousand dollars (S25,- |
10000 OF its capital stock is subscribed for, |
which amount is hereby declared TO be sub |
| scribed The shares OF stock shall be trans /
| ferabe only on the books Of the corporation
| and no transfer of stock shall be binding or
| have any effect upon this corporation unless
and until made upon its books and PRIOR
| lien all shares of stock shall be retained 4
| by this company the stock of any share
| holder for any Indebtedness, secured un-
| secured, however evidenced or created. due at
| any time to the company by the holder OF
said stock and all transfers Of stock shall
| be made subject to these conditions.
| The capital stock of this company may
be increased up to, an amount Of one hundred
| vote of three-fourths (l4) of the outstanding
stock at meeting Of stockholders called for
| that purpose, in the same manner as provided
| for the meeting to elect directors, until there
j shall be given TO the stockholders thirty 500
Il days notice prior TO said meeting, and said
| capital stock may be reduced to an amount
not less than twenty-five thousand dollars
ts2s,0OO.OO in the same manner as above pro-
vided for the increase of stock.
| Article V.-All the corporate powers OF this
corporation shall be vested in and exercised
| nv hoa I'd Of
each be stockholder in this corporation,
four ca of whom shall constitute quorum
for the transaction OF all business and a
majority vote at any meeting shall decide
all questions voted upon.
Said directors shall be elected annually
from the stockholders, on the first Tuesday
said meeting shall have been given to each
stakeholder sent by mail to his last known
address at least fifteen Q9 days prior to the
! holding of said election. And all other
meetings OF stockholders, the stockholders
must be notified in the manner above de-
scribed at least ten QO days prior to the
holding Of such meeting; All other d, STOCK Ss.S
tors may be held when ordered by the board
of directors the holders OF twenty-hv per
cent ESQ OF the outstanding stock; The
president shall call said meetings and upon
his inability or failure so to do, same will
be called by vice-president:
At said election, and at all other meetings
of the stockholders, the vote shall be by
ballot, and each share of stock outstanding
shall be entitled to one ID vote to be cast
! by the owner in person or by written proxy
The majority of stock voted at any stock
holders meeting shall decide all questions
voted upon except as otherwise provided.
{ Within one "a week from their election
: as above provided for, the board of directors
shall elect from among their members pres
ident and two (2) vice-presidents; they shall
, also elect a treasurer and a secretary. The
last two named officers may or may not be
members of the board of directors and the
two Offices may be combined in one person
. as the board may determine.
All of the said officers and directors as
above provided for shall hold their respective
Offices for period of ore ID year from the
date of their election until their success.
sors are duly elected; except the first board
herein provided for whose terms will expire
on the first Tuesday Of January, 1918, or un.
. til their successors have been duly elected,
{ but the failure to hold an annual election or
r to elect the officers as above provided for
shall not result in the dissolution of this
corporation but the then board of directors
4 and officers shall hold their respective Offices
, until their successors are duly elected.
: ANY vacancies occurring on said board OF
e directors shall be filled by the remaining
E members of said board for the unexpired
term. at a meeting called for that purpose,
after to sd nS'Se their as
e address and if the said board fails to elect
g at said meeting, second meeting may De
: called for the purpose OF electing said dlree.
}. tors as above provided or the election may
$ be made by the stockholders at a special
: meeting called for that purpose in the man
l. ner herein provided for the election OF di
e rectors and should second meeting of the
s board be held and fail to elect, then the
J. board must have said election by the stock
a holders as above provided for the election
r | Of directors.
:. The said board of directors shall have III,
u power to make all bylaws, rules and reg
ulations for the proper management ane
n conduct Of the affairs of this corPoTatio'
s and to change, alter, amend, or abolish thu
+ same at pleasure, and shall have and exer
rs else all the powers conferred by law on Thu
ID corporation and as set forth in this charter
10 The said board of directors shall have thu
d power to appoint any agents, managers, o
,e employees who shall respectively have sucl
ID power and perform such duties at such plac
to or places as may be prescribed by the by
A. may be removed at the pleasure of tn
E, directors, and said board shall have author
b ty to delegate any of the said powers vestet
ID in it, in the transaction of the business o
r this corporation to committees of their owl
t body or to the officers and agents of thi
h corporation.
a. those holding the Offices of president ant
" vice president shall be considered as EN-
G ployed by the month unless otherwise con
r tracted with in writing.
4 The first board of directors of this corpo
" ration are hereby declared to be: Mr.. Waite
d B. Chilean, of New Orleans, La; Mr.. Charles
Green, of Laurel, Mississippi; Mr.: Buckne
Wa Rey B. Rogers. Of laurel aissi:sipp
h Nj Frank G. Wisner, of Laurel, Mississippi
s and Mr.. John A. Taylor of New Orleans, La.
a: with the said Mr. Walter B. Chilean, al
n the said Buckner Chpley as vice-presidents
I, with the said Wallace B. Rogers as treasurer
and John A. Taylor, of New Orleans, Lou
,r isiana, as secretary; whs shall hold their re
le spective Offices until their successors are duly
" elected as provided for.
+ Article VI.-This corporation may be dis
IS solved by vote of two-thirds of the out
Il
e. meeting convened for that purpose in TIL
d manner above provided for the calling o
r the stockholders meetings to elect director
$, and otherwise in conformity with the law
IS of this state.
N Whenever this corporation is dissolved
~ either by limitation or otherwise, its affair
5, shall be liquidated by three liquidators com
Of mssioners to be elected at such general meet
E. ing Of the stockholders, who shall procee