Vernon Parish Democrat. (Leesville, La.) 1917-193?, 1919-11-29

ervision Of one commissioner appoint
ed by the President Of the Company,
and the said election shall be held
after ten days prior notice thereof 10
each stockholders last known post of
flee address; at said elections each
share of stock shall entitle its owner to
one vote in person or BY proxy and at
all elections the majority Of the stock
voting shall control.
Vacancies occurring in the Board Of
Directors between the times of said
elections shall be filled b ythe remain
ing Directors, and when any Director
ceases TO be a stakeholder, his seat on
the Board is hereby declared vacant,
and the remaining Directors shall pro-
coed to elect a successor as above pro-
vided. Within ten days after the cleo
ton Of said Directors by the stockhold-
ers, said Directors shall meet and elect
from among their number President.
Vice President, Secretary and Treas
urer, and one person shall be eligible
TO hold more than one office. Until
the first ANIMAL meeting of the stock
holders the following persons shall
constitute the first Board of Directors
E. E, Lenahan, L. c. Lenahan and R.
L. Odom, and until their successors
shall have been elected and qualified.
The following shall be officers of this
corporation for the first year, or until
new officers are elected and qualified.
J E. E. Lenahan shall be President &
Treasurer, R. L. Odom Vice President
and l. c. Lenahan, Secretary.
ARTICLE SIX
Whenever this corporation shall be
{ dissolved from any cause whatever, its
affairs shall be liquidated by three
commissioners, who may or may not
be stockholders, elected by the stock
, holders at a general meeting Of the
! stockholders called for that purpose
! after thirty days formal notice of such
] meeting by the secretary mailing to
each stakeholder on record written
hottie of such meeting to the last
known Post Office address of each
stockhoIder, and by the publication
Of such notice for thirty days prior to
{ such meeting in newspaper publish
! ed in Vernon Parish, Louisiana; the
said commissioners shall remain in of
flee until the affairs if the corporation
are fully hqidated, and in the event
!, Of such meeting by publication in a
more Of them the survivor shall con-
tinue to act.
f ARTICLE SEVEN
= This charter may be changed OF
Is amended, or altered, or this corpora
ton may be dissolved, or the capital
stock increased or diminished with
'e consent Of three fourths Of the CAPT
sr tai stock representa- at a general
IL meeting Of the stockholders called fol
u that purpose. after thirty days notice
rs Of such meeting by Publication in .
ID newspaper printed in Vernon Parish
te Louisiana and by formal notice mail
70 ed to the last known address of each
y. stockholder provided that all amend
e ments affecting the capital stock shall
% @ be acted upon at a meeting called II
% conformity with the act t4o, Of 1891
IN of the General Assembly of Louisiana
n ARTICLE EIGHT
g No stockholder shall be held liabl
3 or responsible for the contract o
g faults of this corporation in any fur
- Their sum than the unpaid balance du,
on shares Of stock subscribed for b.
him, nor shall more informally IN tn
organizations have the effect Of rem
u dering this charter null. or Of exposini
II II stockhoIder to any liability beyOn'
q !: said unpaid balance due on his sgOcA
Z The present stockholders Of this col
n poration with shares Of stock sub
&c scribed by each as follows:
.ct E. E. Leuahan. Shares 30. $4,000
~ L. c. Lenahan. Shares 10 $4,000
R. L. Odom, Shares 10 $4,000
Thus done and passed at my offic
cb in the Town Of LeesviIle.Vemon Pan
re ish, Louisiana! on the day and dat
M first above written. in the presence c
ne the undersigned competent and Law
for full witnesses after reading the whol'
err E. E. Lenaha
raj L. C. Lenaha
ub RI. Odor
ny By E. E. Lenaha
ATTEST