The Era-leader., 1919-08-21


ertown, Miss, one share; D. D. NC
IlYcen, FranklintOD, La, two shares;
W. H. Thomas, Hackley, La. one
share: J. Adolph Pierce, Franklinton,
La, one share: Agnes Wood, Frank
.in.on, La, one share; J. G. Afford
" arnertOn, La, one share: Nj. M'
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. ). Reese,
La, one share: e. D.
Gayer, Franklinton, La, one share
L, H. Mulina, Franklinton, La, one
share: \, G. Magee, Franklinton, La
fortv-eight shares: John NJ. Afford
Franklinton. La, one share; M. +.
Magee, Franklinton, La, twelve
shares: and r. D. Magee. Franklin
ton, La, elSnt SHdieo'
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 NAV 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 shall prescribe
how many of its members constitute a
quorum or of any committee thereof,
uroyjded 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 C. Pool, J. l.. Smith, L. H. Mulina
O. H. Carter and Noel w. Magee, OIL
of whom shall serve until the election
hereinafter mentioned, on the SecOn(
Monday in January, 1920, and an
nually thereafter an election for sever
directors possessing the qualification
required by law shall be held at tn
Lomicile of said cOrpOl alton at it
banking house. of which election tel
lO) days previous notice shall b.
given by publication in aweekly new
paper published in Washington Par
ish, Louisiana, and the persons re
ceiving the majority of the votes cas-
at said election shall be declared dull,
elected and installed.
All elections shall be by ballot an
shall be held un ler the supervision Q
three commissioners to be named b.
the Board of Directors, each stock
holder allowed one vote for each shar
of stock he owns, and such stock ma
be either voted in person or by proxy
but no stockholder shall be above
to vote his or her stock unless tn
party offering to vote the stock sha
have had owned and had reglstere
ON the books of the corporation IN ri
or her name for thirty (3O) days prio
to the day of voting.
If for any reason there shall be II
election on the day fixed, it shall b
\ the duty of the President to call
: election to be held as soon as possib
, thereafter, after ten (lO) days motto
f tby publication in weekly newspape
: published in Washington Parish, Lor
isiana. The Board of Directors at i
/ first meeting after its election sha
t elect, from among its members,
e President, and one or more Vice
: Presidents, all of whom shall continl
p in Office during the term of the sa
Board of Directors, and until the
successors shall be elected and quail
a fed. The said Board of Directo
e shall appoint Cashier and such 9TH
} officers and employees as it may 81
d fit, and may dismiss all agents ar
S employees so employed, or any
d them, at pleasure. The Board of D
o rectors shall have the power to defil
! the duties of all the officers and en-
ployees Of the bank, fix their compe
d sation, require the necessary bond
l. etc.; in fact the said Board of Direc
!, ors shall have power to do any thi1
J: they may deem necessary for Il
r proper management of the bank.
!, R. D. Magee shall be President al