Vernon Parish Democrat. (Leesville, La.) 1917-193?, 1919-11-22

erVlslon OF one commissioner appOlnt-
ed BY the President Of the Company,
and the said election shall be held
after ten days prior notice thereof 10
each stockholders last known post Of
flee address; at said elections each
share of stock shall entitle its owner to
one vote in person or by proxy and at
all elections the majority of the stock
voting shall control.
Vacancies occurring in the Board Of
Directors between the times of said
elections shall be filled b ythe remain
ing Directors, and when any Director
ceases to be a stakeholder, his seat on
the Board is hereby declared vacant,
and the remaining Directors shall pro-
coed to elect a successor as above pro-
vided. Within ten days after the cleo
ton of said Directors by the stockhold-
ers. said Directors shall meet and elect
from among their number a President,
Vice President, Secretary and Treas
urer, and one person shall be eligible
to hold more than one office. Until
the first ANIMAL meeting of the stock
holders the following persons shall
constitute the first Board of Directors
E. E, Lenahan, L. c. Lenahan and R.
L. Odom, and until their successors
shall have been elected and qualified.
The following shall be officers Of this
corporation for the first year, or until
new officers are elected and qualified,
E. E. Lenahan shall be President &
Treasurer, R. L. Odom Vice President
and L. c. Lenahan, Secretary.
ARTICLE SIX
Whenever this corporation shall be
dissolved from any cause whatever, its
affairs shall be liquidated by three
commissioners, who may or may not
be stockholders, elected by the stock
holders at a general meeting Of the
stockholders called for that purpose
after thirty days formal notice of such
meeting by the secretary mailing to
each stakeholder on record written
hottie of such meeting to the last
known Post Office address of each
stockholder, and by the publication
Of such notice for thirty days prior to
such meeting in a newspaper publish
ed in Vernon Parish, Louisiana; the
said commissioners shall remain in of
flee until the affairs if the corporation
are fully Gqidated, and in the event
of such meeting by publication in a
more Of them the survivor shall con-
tinue to act.
ARTICLE SEVEN
This charter may be changed or
amended, or altered, or this corpora
ton may be dissolved, or the capital
stock increased or diminished with
consent Of three fourths of the capi-
tai stock represented at general
meeting Of the stockholders called for
that purpose after thirty days notice
Of such meeting BY Publication in a
newspaper printed in Vernon Parish,
Louisiana and by formal notice mall
ed to the last known address Of each
stockholder provided that all amend
ments affecting the capital stock shall
be acted upon at meeting called IN
conformity with the act l49, of 1898
of the General Assembly of Louisiana.
ARTICLE EIGHT
No stockhoIder shall be held liable
or responsible for the contract or
faults Of this corporation in any fur
Their sum than the unpaid balance due
on shares of stock subscribed for by
him, nor shall more informally in the
examinations have the effect Of rem
dering this charter null. or of exposing
a stockhoIder to any liability beyond
said unpaid balance due on his stock.
The present stockholders of this cor
poration with shares of stock sub
scribed by each as follows:
E. E. Lenahan, Shares 3d.. 100000
L. C. Lenahan, Shares 10 100000
R. L. Odom, Shares 10 100000
Thus done and passed at my office
in the Town Of Leesville.Vernon Par
ish, Louisiana. on the day and date
first above written, in the presence of
the undersigned competent and law
full witnesses after reading the whole.
E. E. Lenahan
L. c. Lenahan
R. L. Odom
By E. E. Lenahan