The Era-leader., 1919-07-31
paper published in Washington Par

elected and installed
All elections shall be by ballot and
shall be held under the supervision OF
three commissioners to be named by
the Board of Directors, each stock
holder allowed one vote for each share
of stock he owns, and such stock may
be either voted in person or by proxy
but no stockholder shall be allowed
to vote his or her stock unless the
party Offering to vote the stock shall
have had owned and had registered
on the books of the corporation IN his
or her name for thirty (3O) days PRIOR
to the day of voting.
If for any reason there shall be no
election on the day fixed, 1t snail De
the duty of the President to call an
election to be held as soon as possible
thereafter, after ten 1O) days notice
by publication in weekly newspaper
published in Washington Parish, Lou
isiana. The Board of Directors at its
first meeting after its election shall
elect, from among its members, a
President. and one or more Vice
Presidents, all of whom shall continue
in office during the term of the said
Roard of Directors, and until their
successors shall be elected and quail
fed, The said Board of Directors
shall appoint Cashier and such other
officers and employees as it may see
fit, and may dismiss all agents and
employees so employed, or any OF
them, at pleasure. The Board of d.
rectors shall have the power to define
the duties of all the officers and en-
ployees of the bank, fix their compen-
sation, require the necessary bonds,
etc.: in fact the said Board of Direct
ors shall have power 10 uo any thing
they may deem necessary for the
proper management of the bank.
R. D. Magee shall be President and
E. A. Carter shall be Vice. President,
who shall continue in office until the
first annual election.
Article V.
The capital stock of this corporation
, may be increased or decreased by
. amendment of this charter, or any ar.
ticle thereof may be modified, amend
2 ed or changed, at a general meeting
of the stockholders held after thirty
, days notice by publication in week
ly newspaper published in Washington
. Parish, Louisiana, and written notice
: to each stockholder, mailed to his OF
2 her last known address, thirty days
prior to the holding of the SAID meet
: ing, and said amendment approved
by two thirds of the amount of tho
. capital stock. All amendments to this
, charter shall be executed. recorded
=, and published the same as the origina
charter.
. Article WI
!; This corporation may be dissolved
D by a vote of three -fourths OF th'
j, stock present or represented and vot
: ing at general meeting of the stock
: holders, convened by the Board o
!; Directors of its own motion or b!
e written request of the majority of th'
/, stockholders, after thirty (SO) day
: previous notice by publication in I
|, weekly newspaper published in Wash
|. ington parish, Louisiana, and a writ
J; ten notice duly addressed and maile'
le or delivered to every stockholder o
>, record at his or her last known ad
& dress.
?, Upon the dissolution of this corpor
T. alton by action of the stockholders a
2; aforesaid, it's affairs shall be iquidate
e by three commissioners appointed b.
:, majority OF the stock present o
/, represented and voting at such gen
:. eral meeting, said commissioners sha
'e be solvent persons in no wise indebte
J. to the bank, or creditors thereof. Th
time and number of liquidation, tn
" compensation and powers of the com
in missioners, and all matters pretainin
er to the liquidation of the affairs of thi
le corporation may be fixed and deter
mined as the majority of the stoc
present, or represented and voting
~ by resolution at such general meet
VI ing, may decide.
m Whenever this corporation shall b
t. dissolved by Limitation, its affairs sha
ut be liquidated by three commissioner
ar appointed by the maj ,rity of th
rs stock present. or represented and vo!
ot ing at a gene al meeting OF the stocl
a. holders convened by the Board of D
O ,rectors in the manner hereinaboy
be provided, and they shall possess th
q qualifica tions hereinabove provide
# and have such powers as may be col