Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1918-11-28

tive to notice, and all directors shall
serve until the regular annual meet
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
to be president, one to be vice-presi-
dent 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-
Evided shall be held at the donlicile of
the corporation after notice to the
stockholders, which notice shall be de-
| Iivered 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 25 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 K
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 q 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 respons'
bic for the contracts. or -aui.s 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 a 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 licuidated by three liauida-
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. i
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- I
teen (13) shares of the capital stock. I
a. N. Dobbs, of BogaIusa, La. sub /
seribed for thirteen (13) shares of
the 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 (5O) shares, or the
sum of Five Thousand Dollars
$5,OOO.00). The subscribers to the
capital stock have this day paid their
subscriptions to the stock subscribed
by them as follows: The subscribers
being the owners and partners Of 4 +
certain stock Of goods. wares and
merchandise, bills receivable, open
accounts, fixtures, ETC., and other
personal property in the Cassidy
building, Austin street, Bogalusa, La.
have and do hereby transfer and de-
liver the said property to the said
corporation in payment rf their stock
subscription, which properly is listed
and described on the attached state
ment and appraised and valued by
the incorporates as being fully worth
the amount of stock subscribed ard
TO De issued therefor, and it being
understood and agreed that after the
taking oyer Of said property as afore-
said that the incorporators viii be en- n
titled to certificates Of stock in this
corporation in accordance with the
amount subscribed.
Thus done and signed at my office
IN Bogalusa, Washington Parish. La.
on this 2Srd day Of October, 1918.
in the presence of T. j. Magee and
Q. 4. Magee, legal witnesses. who
sign with the parties and me, Notary,
after due reading.
E. r. CASSIDY.
A. N. DOBBS,
J. o. WARD.
T. J. MAGE,
o. I. MAGEE.