The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1919-01-25

shall constitute quorell loi ~
transaction of business, win Ihe lui'
mower TO purchase, receive by uoha-
tion. sell. mortgage, pledge pawn con
vev. and lease either as lessor OF les
500 any property, both real ana PeiSo'
naI to borrow money, ana issue tne
company's negotiable notes or r"ilus
either unsecured or secured by HorI
ra0e on its real estate or by chalIe.
mortgage, pledge or pawn, OF us per-
sonal property and to do any anu an
other acts which this COMPANY Is au-
thorized to do in carrying out the Cd
iects and purposes of this corpora
tion. to make and establish bylaws
and to change the same, to hire, EN-
rIov appoint any agents or asSlsCant'
ppni 70 ill all vacancies OCCURRING ~
tho BOARD of Directors by ceath' l'S
iqnation or otherwise. N lat
Each Board of Directors shall eiee'
from their number a President
Vice-President, oecreI"i
err. and a Manager. Tro,e-
urer may be held by one OF wv -
sons and when held by TWO pel 80
the Secretary may or may ho' o'
| Director. No 10
The Board of Directors may De II,
creased at any annual stockhoILIt;r1
meeting to a number not eAcee"'''l'
seven. I;,.oo+orS shall.
consist of Ray Nj. Ashcraft' III w,
/ Monilaw, b. l.. Shepherd, iliialii
n Ward, and Herbert b. Tayior, VIII" WI
Raw M. Ashcraft as President, VI. W.
i Monilaw as Vice-Presldent, b. l..
Shepard as Secretary and treasurer
and William H. ward as manager,
who shall hold office until the mrs.
Monday of January. 1920, or until
their successors have been dnl! eie't-
ed. 1,,-,,o,.,.
I'm the first Monday Vi January
1920. and annually thereafter on the
first Monday of January OF each year
the stockholders shall meet for tne
nnrnose of electing a Board OF Di-
rectors and the transaction OF such
other business as may properly come
before the meeting.
Written notice of annual stock
holders meetings shall be deliver 81
personaIly or by deposit OF EaN'e
the post- Office addressed to the stock
holders last known address. at lea@'
fifteen DAYS before such meeting.
Other stockholders meetings. -
be held as provided by the laws .
Louisiana.
At all stockholders meeti7TS &c
share of stock shall be entitled TO ohe
vote. to be voted in accordance with
the Laws of Louisiana.
This charter may be altered or &
mended, the corporation dissolved
and the authorized capital increased
or decreased in accordance with the
Laws of Louisiana, by complying with
the requirements thereof in force at
said time, but no stakeholder shall be
liable for the contracts or faults OF
the CORPORATION to a greater sum than
the unpaid balance of the stock for
which he has subscribed, and no mere
informality in the organization OF this
CORPORATION shall render this charter
null or expose a stakeholder to any
liability except the unpaid balance
due on his subscription to stock.
ARTICLE 5
The following named persons have
subscribed for stock in this corpora
ton in the number Of shares and .he
amounts as follows, to-wit:
M. j. Reid, 6203 Woodlawn Ave,
Chicago, ILL.,, Is shares, $7,50O.OO.
w. H. Ward, Tallulah, La, Is
shares, $7,500.00.
DIR. w. j. Monilaw, COLT Kimbark
Ave-, Chicago, ILL.,, Is shares, ST.
10000.
II. H. Taylor, 6123 Kimbark Ave,
Chicago, ILL.,, Is shares, $7,500.OO.
X. Nj. Ashcraft, 1927 Kimbark
Ave, Chicago, ILL.,, S shares, $4,000.
Mrs. Charleta P. Ashcraft, 6127,
Kimbark Ave-, Chicago, ILL.,, shares,
$2,500.00.
George W. Frisby, 1851 Talman
Ave-, Chicago, ILL.,, 5 shares, $4,000.
K. ii. Hatfield, 6O36 Dorchester
Ave-, Chicago, ILL.,, 5 shares, $2,5CO.
B. l.. Shepard, 1435 Dempster St,
Evanstown, ILL.,, 5 shares, $4,000. 90
&. A. Randolph, 408 Lake ST.,
Evanstown, H., shares, $2,5OO.OO.
X. L. Taylor, 6038 Kenwood Ave-,
Chicago, ILL.,, 5 shares, $2,50O.OO.
ID. h. Miller, PIP Sou. 18th ST..
Herrin, ILL.,, shares, $2,5OO.OO.
Which number of shares and a
mounts thereof the signers of this act
of incorporation declare as their sub
scription to the capital stock of this
corporation.
In testimony whereof the said par
ties have signed this act of incorpof
alton with me, Notary, and David M.
Evans and Geo. w. Rogan, competent
witnesses at Tallulah, Madison par
ish, Louisiana, on the date first here
in written.
NJ. j. REID,
BY h. II. Taylor.
w. j. MONILAW,
BY II. H. Taylor.
HERBERT H. TAYLOR,
X. M. ASHCRAFT,
By h. H. Taylor.
CHARLETA p. ASHCRAFT
By ri. H. Taylor.
GEO. W. FRISBY,
BY H. H. Taylor.
r. H. HATFIELD,
By H. H. Taylor.
r. L. TAYLOR,
BY H. H. Taylor.
B. L. SHEPARD,
By H. H. Taylor.
e. A. RANDOLPH,
ID. H. MILLER,
BY H. H. Taylor.
W. H. WARD,
Witnesses:
DAVID M. EVANS,
GEO. W. ROuAN.
JOHN E. YERGER