The Era-leader., 1919-07-24

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 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 500 days prior
to the day of voting.
If for any reason there shall be no
election on the day fixed, it shall be
the duty of the President to call an
election to be held as soon as possible
thereafter, after ten (10) days notice
by publication in a weekly newspaper
published in Washington Parish, Lou
isiana. The Board of Directors at it's
first meeting after it's election shall
elect, from among its members,
President. and one or more Vice
Presidents, all of whom shall continue
in 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 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
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.
ed or changed, at general meeting
of the stockholders held after thirty
days notice by publication in week.
ly newspaper publishedin Washington
Parish, Louisiana, and written notice
to each stockholder, mailed to his or
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 original
charter.
Article VI.
This corporation may be dissolved
by a vote of three -fourths of the
stock present or represented and vot-
ing at general meeting of the stock
holders, convened by the Board of
Directors of it's own motion or by
| written request of the majority of the
stockholders, after thirty (3O) days
previous notice by publication in a
weekly newspaper published in Wash .
ington parish, Louisiana, and writ
item notice duly addressed and mailed
or delivered to every stockholder of
record at his or her last known ad-
dress.
Upon the dissolution of this corpor-
alton by action of the stockholders as
aforesaid, its affairs shall be Gquidated
by three commissioners appointed by
a majority of the stock present or
represented and voting at such gen.
eral meeting, said commissioners shall
be solvent persons in no wise indebted
to the bank, or creditors thereof. The
time and number of liquidation, the
compensation and powers of the COM
missioners, and all matters pretaining
to the liquidation of the affairs of this
corporation may be fixed and deter
| mined as the majority of the stock
present, or represented and voting,
bv resolution at such general meet.
ing, may decide.
Whenever this corporation shall be
dissolved by limitation, its affairs shall
be liquidated by three commissioners
appointed by the ajority Of the
stock present or represented and vot-
ing at general meeting of the stock