The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1917-04-20
ARTICLE Viii.

George W. Cosner, Welsh, La, !
Vice-President and Director,
A. P. George, Welsh, La, Secretary
! Treasurer and Director,
Charles F. Jeter, Welsh, La, Di-
rector,
S. NJ. Watkins, Welsh, La, Di-
rector.
ARTICLE TX.
The President or Vice-PreSident, act
ing as President, shall have power, in
the name and on behalf OF this cor
poration, to authorize the institution
of any suit or any other proceeding,
after having been so instructed by the
Board of Directors. They shall, like
wise, have such other powers as are
conferred upon them by Section 16 of
Act No. 267 of the General Assembly
of the State of Louisiana for the yer
1914; provided that the said powers
may be modified, limited or denied
to them by the laws of this corpora
ton or by resolution of the Board of
directors.
ARTICLE X.
This act of incorporation may lie
modified, chaiNed or altered, or tie
capital increased or decreased, in &C
cordance with the provisions of sa d
Act No. 267.
ARTICLE XI.
No subscriber, stakeholder or trans
Iferree of stock shall ever be held he
BILE or responsible for the faults Of
this corporation in any further sum
than the unpaid balance due en- his
subscription or on the stock trans
ferred or held; and no transferred
shall ever be held liabe unless it be
shown that he acquired the stock with
knowledge of the conditions which
would make the subscriber liable; and
where both subscriber and trans
| ferree are liable, the liability shall be
> in solido, and shall continue after the
DISPOSAL of the stock. No mere IL
formality in organization shall have
: the effect of rendering this charter
null, or of exposing a stakeholder to
, any liability other than as provided
in this charter.
: ARTICLE XII.
, In the event of the dissolution of
this corporation for any cause what
ever, it's affairs shall be liquidatod
and settled by three commissioners
appointed and acting under the pro-
: visions of the act under which this
5 CORPORATION is incorporated; and
. their compensations and bonds, if
,, any be required, shall be fixed at the
stockholders meeting at which they
are elected. They shall remain in Of
: flee until the affairs of the corpora
! ton shall have been fully liquidated
and closed. In case Of the death, in
ability to act, permanent absence or
: resignation of one or more of said
i liquidators, the remainder shall con-
u tinue to act as full board until COM
plete liquidation has been effected.
ARTICLE XIII.
! The name, amount of stock sub
? scribed for, and the post office ad.
dress of each subscriber to the CAPT.
tai stock of this corporation, in adj
, dition to the incorporators, are upor
Exhibit "A", which is attached t.
this charter as a constituent par
f thereof, and same is to be read il
g connection Herewith. All persons
K whose names appear thereon having
d by said act obligated themselves t.
y receive and pay for at par value tn
e numbers of certificates of stock there
n by shown.
Thus done and passed at my offic'
in the Town of Welsh, Louisiana, Of
is the day and date fixed hereinabov
r written, in the presence of R. "
II Howard and Jim Cline, competen
II witnessesS who hereunto sign wit
t. said parties and me, notary.
III A. R. McBURNEY, Welsh, Ii
ly G. W. COSNER Welsh, La.
a. A. F, GEORGE Welsh, La.
CHAS. F. JETER, Welsh, L;
S. M. WATKINS, Welsh, La.
p. Witnesses:
Of R. W. HOWARD,
IS JIM CLINE.
ne Before me,
ne JOHN T. HOOD, Notary Public.
IS EXHIBIT "a"
he State of Louisiana.
hit Parish of Jefferson Davis.
lid Before me, the undersigned no
airy public, duly commissioned ar
qualified, in and for said parish al
,r- state, and in the presence of
on and cor
ID petent witnesses, on this day perso
rst ally came and appeared the perso1
lily whose names are hereunto signed, al
as who declared to me, notary, and Il
led said witnesses, that they have by tn
cir instrument subscribed and paid ft
ect in cash or it's equivalent, as here
a shown, for the number of shares
md the capital stock of Mutual War
op- house Company, Inc, as indicated. o
wo posite our respective names.
on. Thus done and passed at my
or fee in the Town of Welsh, Loulslar
ap- this 22nd day of March, A. D. 10
,es, Before me, nj,
be JOHN T. HOOD, Notary Publ
ter. Witnesses:
fill R. W. HOWARD,
any JIM CLINE.
: a State of Louisiana.
Parish of Jefferson Davis.
Before me, the undersigned nota