The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1919-04-17

Thousond Dollars $3.50, O0O,OO) ulVme'
info three thousand shares OF the par
yo,uo Of Ten Dollars $1,000 per share;
fifty per cent of which capital Slock
has been subscribed for, and more IMAM
fifty per cent of the stock subscribed
has been paid for before the pun''ca-
tjou of these articles of incorporation
The entire stock of this corporal ION
sholI I've Common Stock and there sllail
be no Preferred Stock,
ARTICLE ".
Increase
The capital stock of this corporation
may no increased hereafter TO fltty
Thousand Dollars l$5O,O0O.0O).
ARTICLE Y.
Domicile
The dOmicie Of this cooperation Sllaf
Lp in the town Of Ringgold, La, "hert
all meetings of the stockholders ana
directors must be held, provided no"
eyer with the written consent or al
directors, valid meetings Of the diiec
TORS nav be held outside the state or
within the State elsewhere than It
domicilc. .,
The affairs Of this corporation shall
he conducted by ten directors, ana the
names of those selected for the ilrS'
wear, or until their successors are elect
ed and qualified, are as follows: pr'
C. c. Albums. II. r. Wimberly, ). T.
Stewart. o. G. Thomas. ii. {. Cook
Y. II. MoSley. l.. b. Cook. }. b. Martin
$. J. Burkhalter and DR.. f. {. Cook,
all residents of Ringgold, Bienville Far
ish, Louisiana
The executive officers Of this corpora
ton shall be a President, a Nice-Presl-
dent and a Secretary-Treasurcr. who
shall be elected annually by the direc-
tors and the officers for the first year
shall be DR.. c. {. Albums. President ;
H. r. Wimberly, Vice-PrcSident; 5. L.
Stewart, Secretary.Trcasurer.
ARTICLE VII.
Corporate Powers
The corporate powers of this corpora
tion are hereby vested in its Board OF
Directors. the said board for the first
ensuing year being herein above nam
ed. the majority Of whom shall consti-
tute a quorum for the transaction OF
business The said board shall be elect
ed annually at the annual meeting OF
the stockholders of said corporation,
which said meeting shall be held on
the first Monday of April of each year
beginning with the year 1920, and said
board shall have, the authority and
power TO sue and to be sued III the
name of said corporation and to ap'
point such officers and agents and tC
engage such employees as the business
of this corporation may require and tt
fix their compensation, having due re-
gard to the nature and character OF
their services, and shall further have
the power to make bylaws not III
consistent with any existing laws OF
this State. fixing and altering the man
agement of its property and regulations
and government Of its affairs. and the
name, certifcatiOn and registration OF
its stock, and shall further have power
to WING up and dissolve said corpora
ton in the manner prescribed by law
and shall have all other powers a:
may he named or be permissible under
/ Act oG7, of the General Assembly Of
Louisiana, at its session Of 1914.
ARTICLE VIII.
Voting Power.
Each share Of stock in this corpora
ton shall be entitled to one vote a
all meetings Of the stockholders to bt
cast in person or by proxy, provided
that all proxies shall be in writin.
The stockholders shall be notified il
writing ten days prior to said stock
holders meeting by letter addressed tt
them at their last known postof1ice ad
Dress or by notice published in an!
newspaper in the Parish Of Bienville a
least ten days before said meeting.
ARTICLE TX.
Liability
No stakeholder in this corporation
shall be liable or responsible for tn
contracts or faults thereof in an,
further sum than the unpaid balance
due on subscription Of the capital stock
and no informalities in the Organiza
tiOn shall have effect of rendering thi
Charter null or of exposing the stock
holders beyond the amountof their re
spectiye subscription to the capita
stock.
In testimony whereof the partie
hereto have signed this instrument il
thhe presence of the undersigned com
petellt WITNESSES Oh tllS the lltn ga
Of March, 1919.
Signed-C. c. Albums. H. r. Vim
berly, $. p. Stewart, 0. G. Thomas, Il
c. Cook, L. H. Mosley, L. B. Cook, j
B. Martin, s. ]. Burkhalter, L. {
Cook.
Attest-E. A. Tooke, Jr., and X. G
Gardner.
B. I. ALBUMS,
(Seal) Notary Public.
| --------(l----A------
PROCLAMATION BY PARISH
SCHOOL BOARI
Arcadia, La March 81. 191!
Pursuant to a resolution passed b.
tho DNpiSh Ron r1 - S,1,no1 n:x,uA