The Era-leader., 1920-05-13

incidental to carrying out all the
purposes of said organization.
ARTICLE ".
The capital stock of this corpora
tion is hereby fixed at the sum OF Five
| Thousand 5000 O0) Dollars, divided
into Five Thousand 5000 shares of
the par value of One lSl.Ool Dollar;
nrovided that said capital may be III
creased from time to time to the max
uum amount of One HuNdrel Thou
sand 800. 600 00l Dollars.
ARTICLE Y.
The domicile of thi, corporation Is
hereby fixed at Franklinton, Wash
inoton Parish, Louisiana, where all
meetings of the Board of Directors
shall be held, unless, upon the written
consent of all Directors.
ARTICLE VI.
This corporation shall continue Tor
a period of SO years, unless sooner
dissolved, in accordance with the
provisions of the laws of this State.
ARTICLE VII.
The affairs of this corporation shall
he managed and conducted by
Roard of six TO- Directors. who shall
have full power to manage the atialra
Of said corporation and adopt such
bv-laws as they may deem proper
for the conduct of its business. The
said Board shall have power to ap-
point all agents, managers and EN-
ployecs and fix their compensatlons.
-Four a. members of said Board shall
constitute a quorum.
The First Board of Directors OF
this corporation shall be as follows:
Magee w OFT, E. L. MAGEE, ". ).
BURRlS, DYSON BOOTY, J. B.
LINDSLEY, and BENTON E. BICk-
HAM, all residents of Washington
Parish, Louisiana, who shall serve
until the first Monday in April, 1871,
at which time a new Board shall be
elected. The regular annual meeting
for the election of Directors shall be
on the first Monday OF April, OF each
subsequent year: all Directors shall
serve until the regular annual meeting
or until their successors are elected
and qualified. Until the regular meet
ing to be held on the first Monday of
April, 1921, the following shall serve
as officers of said corporations:
MAGEE w. OFT, President.
Ell. MAGEE, Vice President.
w. S. BURRlS, Treasurer.
DYSON BOOTY, Secretary.
All of whom reside within the said
Parish of Washington, State of
Louisiana.
ARTICLE Will
The charter of this corporation may
be amended at the regular meeting of
the Stockholders. held after thirty
3O) days due notice. addressed to each
of them at their dOmicile.
ARTICLE TX
No stockholder of this corporation
shall ever be held Liable or response
BILE for the contracts or faults of this
corporation in any further sum than
the unpaid balance due on the shares
of stock subscribed for by such per-
sons; nor shall any informality in the
organization of this corporation have
the effect of rendering this charter
null, or of exposing a stakeholder to
any further liability beyond the bal
ance, if any, on his stock,
ARTICLE
This corporation shall be d going
concern as soon as the amount of cap
ital stock is subscribed and paid in
. as is required by Act 257 of 1914. The
initial subscription subscribed by
- each of the incorporators herein is
indicated as follows:
E. l. Magee, 250 shares $500. $3.50. 20
Benton Z. Bickham, 250 shares. $50. 0C
be- w. j. Burris, 250 shares ..... 250 09
lry w. S. Burris, $50 shares .... 250.OO
sh, Magee w. OFT, $50 shares ..... $50. 90
the Joe N. Magee, $50 shares ..... 250. 90
ed, Dyson Booty, 25O shares. ...... 25O.0O
L. L. w. McDougall, 25O shares. 25O.OO