The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1920-03-25

$40. 0OO0O) DOLLARS. divided into
and represented by Five Hundred
5000 Shares, of the par value OF One
Hundred ($10000) Dollars each. The
capital stock of this corporation may
be increased to One Hundred Thous-
and (S100,0OO00) Dollars, and which
shall be represented by One Thousand
10000 Shares Of stock at the par val
ue of One Hundred ($10OOO) Dollars
each, or per share, and which shall be
done in accordance with law.
ARTICLE Z.
The entire capital stock OF this cor
poration shall be subscribed and paid
for, in cash, on or before the date on
which it shall commence business.
ARTICLE 8.
The affairs of this corporation shall
be managed by and be under the con
troll of a Board of not less than seven
nor more than twenty one Directors
who shall be elected at the annual
stockholders meeting. which shall be
held Oh the third Tuesday of January
of each year. beginnig with the yeal
1921. The following stakeholder,
shall compose the first Board OF Di-
rectors: L. NJ. Tooke. d. Il. Brown
Jr, ]. r. Jordan, w. NJ Deas, w. ID
Truluck, J. Il. Reynolds, w. ]. Muir
ply, Carl Golf, r. L. Taylor, r. p,
Oden, r. l.. Williams, A. Anderson. n.
A. Bridges, Joseph Dawidoff, e. II.
Fisher. and P. A. Mcclure, all Of whom
have their post-otfice addresses at Az
cadia, Bienville Parish, Louisiana and
they shall hold office until their sue
cessOrs are elected and qualified Sey
en- of said directors shall constitute
quorum for the transaction Of business
ARTICLE 8.
The officers of this corporation shall
be President, Vice President, Cash
Ter and Assistant Cashier or Cashiers
They shall be elected annually, on the
third Tuesday in January of each year,
beginning with the year 1921, by the
Board of Directors elected on said date
by the stockholders, which Board shall
Immediately organize and elect said Of
Ulcers.
The first officers of this corporation
shall be l.. NJ. To0ke, President; ]. f.
Reynolds, Vice President; w. M. Deas
Cashier; and Carl Golf, Assistant Cash
Ter, who shall hold said offices until
their successors are elected, according
to law, and as herein provided.
ARTICLE 10.
Meetings of the stockholders may be
held at the Office of this corporation as
often. as the needs of the business may
require. which meeting shall be con-
yened after publication Cor thirty days
in a Newspaper published in tile Town
|of Arcadia La. or by mailing written
notice to each stakeholder at his last
known post-0ffice address, at least mir
ty days prior to said meeting.
ARTICLE II
All stock certificates shall be signed
Ivy the president or yl"a president and
by the cashier or as>illlt cashier.
No stock in this corporation shall be
sold to third person by any stock
holder, until after same has been offer
ed to the officers of this corporation, or
to stakeholder therein and refused
by it OR him, at the same price offered
by such third person for said stock.
All transfers Of stock shall be made Oh
the books of the corporation, only Oh
the surrender of the certificate or GER
tificates to be transferred, and no other
transfer shall be binding on, or be re-
c0gnized by the corporation.
ARTICLE L.
The Board OF Directors may hold
meetings at the Office of the corporation
as often as the business may require
and they may adopt such bylaws as.
may be necessary for the carrying-on
of the business of the corporation.
ARTICLE Is.
The Board of Directors shall be ell
ected annually, on the third Tuesday
in January of each year. beginning
with the year 1921. All such elections
shall be by ballot and conducted at the
Office of the association, under the
supervision Of three commissioners to.
be, appointed by the chairman Of said
meeting. Every holder of stock shall
be entitled to one vote for each share
of stock standing in his name on tile
books of the corporation, provided i,
shall have been so standing in his name
on said books for not less than thirty
days prior to the election, and sal.
vote to be cast In person or by written
proxy, and majority Of the votes cas-
shall elect.