The Era-leader., 1919-08-07

La, seven SndreS. l.. w. BPdfQ, lN-
lertown, Miss, one share: D. D. Nc
Elveen, FranklintOn, La, two shares:
W. H. Thomas, Hackley, La. one
share; j. Adolph Pierce, Franklinton,
La, one share: Agnes Wood, Frank
linton, La, one share: j. G. Afford,
arnertOn, La, one share: M. Nj.
Magee, Franklinton, La, four shares;
Steve Lorio, Franklinton, La, one
share; NJ. a. 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; a, G. Magee, Franklinton, La,
forty EIGHT shares; John NJ. Afford,
Franklinton. La, one share; M. f.
Magee, Franhlinton, 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 w.
All corporate powers of this cor
poration shall be vested in 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 sh all prescribe
how many of its members constitute a
quorum or of any committee thereof,
provided that a quorum shall be at
least a majority 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
uomicile of said corporation at its
banking house, of which election ten
(l0) 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 anc
shall be held under the supervision O.
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 th'
party Offering to vote the stock shall
have had owned and had registered
on the books of the corporation in hi
| or her name for thirty (3O) days priol
| 10 tne udy VI VOullS'
If for any reason there shall be NJ
election on the day fixed, it shall b.
the duty of the President to call al
election to be held as soon as possibl
thereafter, after ten (1O) days motto
by publication in weekly newspape
published in Washington Parish, Lou
isiana. The Board of Directors at it
first meeting after its election sha
elect, from among it's members,
President. and one or more Vice
Presidents, all of whom shall continu
in office during the term of the sal
Board of Directors, and until thei
successors shall be elected and quail
fed. The said Board of Director
} shall appoint Cashier and such othe
officers and employees as it may Sc
fit, and may dismiss all agents an
employees so employed, or any {
them, at pleasure. The Board of Di
} rectors shall have the power to defin
the duties of all the officers and en-
ployees of the bank, fix their compe1
sation, require the necessary bond
etc.; in fact the said Board of Direct
ors shall have power to do any thin
: they may deem necessary for I'll
: proper management of the bank.
R. D. Magee shall be President al