Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1918-11-14

five to notice, and ali directors SnaA
serve until the regular annual meet
ing. or until their successors are
elected and qualified. Immediately
after the election of directors as
i herein stated, the directors shall meet
and elect from their own number one
to be president, one to be vice-presi-
dent and secretary, and one to be
treasury of this corporation during
the term of their respective offices.
Until the regular meeting on the
first Monday in January, 1919, the
following shall serve as officers of
said corporation: Jay o. Ward, as
President; A. N. Dobbs, as vice. pres
ident and secretary, and Edward r.
Cassidy, as treasurer, all OF whom
reside in Bogalusa, La.
The stockholders meeting for the
election of directors as herein pro-
vided shall be held at the domicile of
the corporation after notice to the
/ stockholders, which notice shall be de-
livered to the stockholders personally,
or deposited in the postoffice adj
dressed to him at his last residence at
least fifteen days before the meet
ing. Other stockholders meetings
may be held when ordered by the
board Of directors, or on application
of rs per cent of the Outstanding
stock. Notice Of such meeting to be
given in the same manner as pro-
vided for in meetings to elect direc-
tors, provided that in all cases of
stockholders meetings it shall not be
necessary to give notice if all the
stockholders waive notice in writing
ARTICLE x
The charter of this corporation
may be amended, the capital stock
increased or decreased, or the OBJ
jects and purposes of the corporation
changed, at a regular meeting Of the
stockholders called and held in. pur-
suance of this charter and on com
plying with the law relative thereto.
ARTICLE XXI
No stakeholder of this corporation
shall ever be held liable or respons;-
bic for the contracts or 1auits OF
this corporation in any further sum
than the unpaid balance due on the,
shares of stock subscribed for by such
person; nor shall any infornlaIity in
the organization of this corporation
have the effect of rendering this
charter null, or of exposing stock
holder to any further liability be-
yound the balance, if any, on his
stock.
ARTICLE XII
This corporation may be dissolved |
by complying with the provisions of /
Act 267 of 1914, and whenever this /
corporation is dissolved its affairs
shall be icuidated by three hauida-
tors elected by the stockholders at a +
meeting called for that purpose, at
which meeting the stockholders shall
determine the manner OF LIQUIDATION.
TO be pursued; the qualification of
the liuuidators and the powers to,
be given to them in winding up the /
affairs Of the corporation.
ARTICLE XIII
The initial stockholders Of this cor
poration are hereby declared to be the
following: Edward r. Cassidy, of
Bogalusa, La, subscribed for thr-
teen (13) shares Of the capital stock;
a. N. D0bhs, of Bogalusa, La, sub
scribed for thirteen (13) shares Of
tae capital stock, and Jay o. Ward,
OF Bogalusa, La, subscribed for
tWenty-four (24) shares of the cap
Ital stock, making a total herein sub
scrIbed of fifty (50) shares, or the i,
sum of Five Thousand Dollars
(S5,000.00). The subscribers to the
capital stock have this day paid their
prescriptions to the stock subscribed +
by them as follows: The subscribers
being the owners and partners of a
certain stock of goods. wares and /
merchandise, bills receivable, open
accounts, fixtures, ETC., and. other
property in the Cassidy I
building, Austin street, Bogalusa, La,
have and do hereby transfer and de-
liver the said property to the said
corporation In payment Of their stool
which property is listed
and described on the attached state
nent and appraised and valued by
he incorporators as being fully worth ,
he amount of stock subscribed and
% be issued therefor, and it beine q
understood and agreed that after the
aking over Of Sod property as afore
aid that the incorporators will be en-
tiled to certificates Of stock in this
corporation in accordance with t.
mount subscribed. IS
thus done and signed at my office
n Bogalusa, Washington Parish, La
n this 23rd day of October, 1918 +
n the presence Of T. j. Magee and
;. II Magee, legal witnesses, who
ign wsh the parties and me, Notary.
,fter due reading.
E. R. CASSIDY.
A. n DOBBS,
J. o. WARD,
Witnesses:
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