The Era-leader., 1919-08-14

La, seven SndfeS, IL. w. bParQ, lN-
IurtOwn, Miss. one share: d. d. Me-
II}veen. Franklinton, La, two shares:
W. II. Thomas, Hackley, La. one
share: j, Adolph Pierce, Franklinton,
It,, one share: Agnes Wood, Frank
linton, La, one share: J. G.. Afford,
" arnertOn, La, one share: NJ. NJ.
Magee, Franklinton, La, four shares:
Steve LOriO, FranklintOn. La. one
share: NJ. \. Lea, Franklinton, La,
three shares; Willis Jenkins. Frank
linton, La, one share; j. j. Reese,
Franklinton. La, one share: G. j..
Gayer, Franklinton, La. one share:
L, H. Mulina. FranklintOn, La. one
share: \. @. Magee, Franklinton, La. :,
forty eight shares: John III. Afford,
FranklintOn. La, one share: M. +.
Magee, Franhli1ton, La, twelve
shares; and r. D. Magee. Franklin
ton, La, eight shares.
Transfer of stock to be made only
on the books of the corporation in
person or by written proxy and under
such rules and regulations as the
Board of Directors shall prescribe.
Article ".
All corporate powers OF this cor
poration shall be vested in d Board
of Directors to be composed of seven
stock holders. The Board of Direct
Ors may from its members appoint
such committees as it may deem proper
and vest same with any of its powers
to be exercised when the Board is not
in session, and subject to any regula-
tions which the Board may impose.
The Board of Directors shall prescribe
how many Of its members constitute a
quorum or of any committee thereof,
provided that quorum shall be at
least a ajority of the members of the
Board of Directors. The Board of
Directors shall have authority to fill
any vacancies existing or occurring in
their own number or from any other
Office for any cause whatever, and the
person so elected shall serve for the
uneXpired term of such office.
The first Board of Directors shall
consist of r. D. Magee, E. A. Carter
NJ. G.. Pool, J. l.. Smith, L. H. Mulina,
o. H. Carter and Noel w. Magee, all
of whom shall serve until the election
hereinafter mentioned, on the second
Monday in January, 1920, and an
nually thereafter an election for seven
directors possessing the qualifications
required by law shall be held at the
.omicile of said corporation at its
banking house, of which election ten
sl0) days previous notice shall be
given by publication in weekly news
paper published in Washington Par
iSh, Louisiana, and the persons re-
ceiving the majority of the votes cast
at said election shall be declared duly
elected and installed.
All elections shall be by ballot and
shall be held u lder 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 (5o) days prior
to the day of voting.
If for any reason there shall be no
election OH the day fixed, it shall be
the duty Of the President to call an
election to be hel1 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 it's election shall
elect, from among its members, a
President. and one or more Vice
Presidents, all of whom shall continue
i'll office during the term of the said
Board of Directors, and until their
successors shall be elected and quail
fed. The said Board of Directors
shall appoint d 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 Di.
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 to do any thing
they may deem necessary for the
proper management of the bank.
R. D. Magee shall be President and
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