Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1917-03-30
a share Of stock shall be made.

,. thirty days prior notice of snch intentio
to sell or transfer the same he given III
company, and the other stockholdeI
thereof shall have the first privilege {
purchasing same, after which thirty day.
4 notice the said stock may be sold in ope
!, market.
| T. lch share of stock shall entitle tn
E over thereof, either in person or b
pr)xy, to cast one vote at all genera
. meetings.
No stakeholder of this corporation shall
ever be held liable or responsible for tn
, contracts or faults thereof i'm any furthe
sum than the unpaid balance due tn,
Company on the shares of stock sub
scribed Tor or owned by him, nor shall
any mere intOrmality in the organization
have the effect of rendering this charter
null, or oil exposing stakeholder to any
stakeholder to any liability, beyond the
unpaid balance, if any, of his stock.
ARTICLE SEVEN.
The corporate powers of this corpora.
ton shall be vested in and exercised BY
Board OF Directors composed of three
stockl olders, who shall be elected by a
majority vote of the stockholders OF this
corporation, said stock to be voted by
the owner thereof, or by some person by
him duly authorized in writing, and each
share ct stock to be counted as one vote.
The Board OF Directors shall be elected
at the regular annual meeting OF the
stockholders hereof, which said meeting
shall br held ut the domicile of this cor
poration on the third Monday in Febrn-
AIRY, A. d. 1918, and annually thereafter,
alter the giving OF ten days notice in
writing mailed to each stockholders last
known address of the time and the place
al the holding of said meeting.
A failure to hold such election, or, il
held, to elect Board of Directors shall
no; dissolve this corporation, nor impair
his corporate management, but the Di-
rectors then in office shall remain in Of
lice with powers unimpaired until their
Successors are elected and qualified.
Immediately after their own election,
the said Board Of doctors shall convene, |
and shall elect, from their own members, /
4 president, a vice-president and a secre-
Try treasurer. Such officers and Board
II Directors shall serve until their sue
,e,ssors shall have been elected and shall
ave qualified.
Special meetings of the stockholders
may he held at the request of any three
!ockholder, after ten days notice in
! rlfing. rs above provided, stating the
bjcct OF such meeting.
my director who may he absent from
Highland, shall have the right to an ,
'1iAt any shareholder of the Company ,
0 vote Tor him at any meeting of the
'"ard "f Directors, and such proxy shall I
axe AMI exercise all the powers OF such {
rector appointing him. g
the Board of Directors shall have full -,
over to ill vacancies i'm their number
!ii>e'. by death, resignation or other {
lse, from among the stockholders of the e
lrparation.
ARTICLE EIGHT :,
All notes and evidence of indebtedness :
INST tie signed by the president, or vice
ce-presIdent, and cOuntersigned by the c
crctary treasurer, and this corporation O
lail not be responsible for any debts
rated by any OF its officers, in excess of =
j" sum OF Five Hundred Dollars, unless ;
me shal u be authorized or approved by
resolution of the Board of Directors.
ARTICLE NINE st
Whenever this corporation Is dissolved, N
limitation or otherwise, its affairs IT
all he liqnidated in accordance with .,
{" Yanner laid down and provided by y
elton 30 OF said Act No. 267 of the n
neral Assembly of this State, an ol
owed July 9th, 1914. u.
The capital stock OF this corporation
ny he increased in the manner and
I'm provided by the general laws of
Is State for the increase of the capital m
'ck OF such corporations. 1t NAV d. A
nish in amount after complying with 6
same requirements prescribed by the
neral laws of this State.
The charter may be amended, other
80 than to increase or diminish the an
Dita stock, in accordance with the co
inner laid down and provided by Sec 70.
II Six co of said Act No. 267 of the W.
neral Assembly of this State, approved
y 9th. 1914. So
ARTICLE TEN TIA
Until the first regular meeting of the
ckholders of this corporation, the Sc
ard of Directors shall consist of Har-
IN {. Miller, of Highland, La, who
ms in his own right and unpledged
'y-nine (49) shares of the capital stock ,
said corporation; Bolton Smith, of NJ,
mphis, Tenn. who owns in his own "v'
Il and unpledged forty-nine (49) shares Gil
the capital stock of said corporation, lea
Thos. NJ. Wade, Jr., who owns in gre
own right and unpledged two (2) =,
res OF the capital stock OF said corror- !"
Z, with Harrison c. Miller as Presi- OF
t, Bolton Smith as Vice President Der
Thos. NJ. Wade, Jr., as Secretary are
asurer, and they shall hold their re- D.,
tive offices until their successors shall IRE
elected and shall have qualified. Pre-
nus done and passed, at my office in T
Town of st. Joseph, Parish of Ten. of Z
State OF Louisiana, on the day, month r,
year herein first above written, in
presence Of E. +. Newell and Josiah hav
colt, competent witnesses, who here and
sign their names with said appear tbo
nd me, said Notary, after due read IN, I'm
If The whole. VIII
HARRISON C. MILLER, viii
'r pro Thos. NJ. Wade, Jr., Agent. will
BOLTON SMITH, bv
II pro Thos. NJ. Wade, Jr., Agent.
THOS. NJ. WADE, JR. and
lose: dres
+. F. NEWELL T.,
JOSIAH =. SCOrT -.