Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1918-12-05


1 ing. or until their successors are
elected and qualified. Immediately
after the election of directors as
herein stated, the directors shall meet
and elect from their own number one
70 be president, one to be vice-presi-
snt and secretary, and one to be
treasurer 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 ad-
dressed to him at his last residence at
least fifteen days before the meet
ing. Other stockholders meetings
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. 4
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 regular meeting of the
stockholders called and held in pur-
suance of this charter and on COM
plying with the law relative thereto.
ARTICLE XII
No stakeholder of this corporation
shall ever be held liable or response
BILE for the contracts or faults 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 informality 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 liuuida-
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 liquidators 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 thir-
teen (1Sl shares of the capital stock:
A. N. Dobbs, Of Bogalusa, La, sub
scribed for thirteen (13) shares of
the capital stock, and jay o. Ward.
Of Bogalusa, La, subscribed for
twenty-four (24) shares of the cap
ltal stock, making total herein sub
scribed of fifty (50) shares, or the
sum Of Five Thousand Dollars
t$5,OOO.00). The subscribers to the
capital stock have this day paid their
to the stock subscribed
BY them as follows: The subscribers
beng the owners and partners of a
certain stock OF goods, wares and
merchandise, bills receivable. omen |
accounts, fixtures, etc, and other
property in the Cassidy
Austin street, Bogalusa, La.
lave and do hereby transfer and de-
iver the said property to the said
corporation in payment of their stock !
subscription, which property is listed IF
md described on the attached state
nent and appraised and valued by
ne incorporators as being fully worth
ne amount of stock subscribed and II
0 be issued therefor, and il being
Understood and agreed that after the
aking over Of said property as afore-
ald mat the lncorpo ators will Be en-
tiled TO certificates 0f stock III this
exploration hi accordance with the \
mount subscribed.
Thus done and signed at nay office | \
Bogalusa, Washington Parish, La.
n this 23rd day Of October, 1918
4 the presence Of T. j. Magee anc
J. I. Magee, legal witnesses, who
ign with the parties and me, Notary,
fter due reading.
E. R. CASSIDY,
A. N. DOBBS,
]. 0. WARD. II
Witnesses:
7. ]. MAGE,
0. 7. MAGE.