The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1919-11-13

other officers as may be necessary iol
the management Of the affalrs 81, Oh ,' ."r
'' ''ronra,ion; they shall have the pow W,
~ 70 fill all vacancies occurring n, w
death, resignation or otherwise. A az
ot,]ce Of secretary and treasurer ~
6 Hp combined and held by one and the
same person. ,,,,s shall
oon rt and compose the first board
Of directors, viz: George W. S"scI'
a Ahn u sjcgal, Arthur Collman, H. ... H.
I;shor and G. II. Goodwin, the first two
Of 'tiN Arcadia, and the last three OF Mon.
20 roc state Of Louisiana, with "e ,li''
W, sager, president. G. H: G"ow N.an
r ir and Abner Siesal, sec C.
retary.treasurer. The first Doara W. H
lH shall hold Office until until 'he
third Tuesday Of October, lG"' al
which tine anl! annually Thereafter
now board of directors shall be clc.1i
cd by a majority Of the stockholders 1,S
hc;n,. entitled to cast, either IN person
or BY proxy, one vote for eacn Slla! =,
Of stock owned by him. Nothing III
this charter to be construed as pre- pre-.
ventiuy the reelection Of the nFs.
hoard Of directors, if the majority Oh
stockholders being entitled to cast
either in person or by proxy, one 'ole
for each share of stock owned by him.
so rude. a., ..n,o,
Stockholders meeting shall be given a.
corling to law. 49,, ,,,
The failure or commission to hold tie
ANIMAL election Of officers Of this cor
poration in the manner and at t'le tllnI
and place specified In this charter shalY
2 in no manner suspend or affect t,''
, business Of this corporation, but 'h'
corporate officers then In charge sllal
hold office until their places are nlle'
j hy II, new election to be provided lol
}. by the board Of directors.
! ARTICLE VIII.
: No transfer Of stock shall be bind
e inc upon this corporation unless th'
l. same shall have been made upon IN
t. application Of the owner or Ms au
:, thorizcd agent, aud is duly entered Up
e on the books Of the corporation.
Il ARTICLE IL.
e This charter may be amended an
5 its capital stock increased or de'reaS
ed by complying with the provisions 0
law in such cases made and provided
y Whenever this corporation is 1lssol'
u ). ed by liquidation or otherwise its al
u fairs Shall be liquidatel or sctteid b
l. one or more liquilators elected or al
y pointcd by the stockholders at NEE
ins called for that purpose, aud sue
liuui!atorS shall have such power
a. yerform such duties, aud give sue
y bonds as the stockholders require
le ARTICLE \.
? There shall re no preferred stool
but all stock shall he OF the same elias
-, equal in all respects, including its 70
!. s.. ing power. The corporation may
~ case its Board Of Directors authorii
III it, hold as much as 100000 shares
G. its stock as Treasury Stock, prov!ut
a. a. at least 100000 shares shall alwa!
Al Al be outstanding and not retired or he
49, rs treasury STOCK
II ARTICLE NJ.
les II is hereby declared that each mel
of Der Of the Board Of Directors hetel
". above named is the cwller III his on
at name and rightly paid for all unincul
bered, OF at least one share OF t
capital stock Of this corporation, al
ais hereafter each director Shall posses
H. like qualification,
li. ARTICLE XII.
nu The subscribers to these articles
w. incorporation, their respective post'
"a, u, fees and addresses, and the stateme
Il, of the number Of shares which ca
~ agrees to take in this corporation, d
IL as follows: George'W. Saser, Ar2ad
A III La, CISCO shares; Abner Sicgal, !
IL, III cadia, La, 62,5OO shares; Arthur &c
us man, Monroe La, 1857 shares; L,
II Licber Monroe La, 1866 s!laEes, II