The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1920-02-28

gulations when necessary, and to DO
and perform generally any and all
acts necessary and proper In carry
ing out the business and purposes OF
this corporation.
ARTICLE II.
The domicile of this corporation is
hereby fixed at Tailulah, Madison
Parish, Louisiana.
The President, or in his absence
the Vice-President, or in his absence
the Secretary, is designated as the
proper person upon whom eervice of
legal process against it shall be made.
ARTICLE III.
The objects and purposes for which
this corporation is organized, and the
nature of the business to be carried
on by it are hereby declared tn be to
purchase or lease, OF otherwise ac-
quire lots or parcels of ground in the
Village of Tallulah, or lands adjacent
to said village, and to erect thereon
houses and buildings of any nature
and kind whatsoever, and to lease and
let, or to sell said houses and other
buildings, and to purchase, lease or
otherwise acquire any lands and erect
any buildings, plants and houses for
the development of said lots and lands
and the greater development of the
Village Of Tallplah, and to do all
other things incidental and necessary
to carry out such objects and pur-
poses. ..i.
ARTICLE w.
The capital stock Of this corpora
ton is hereby fixed at the sum of
Twenty Thousand tS20.000.0O) Dol
lars, divided into two hundred (2OO)
shares of the par value of One Humid
red (S100.00) Dollars each: which
said stock shall be paid for in cash or
in property at the time of subscrip-
ton, OF as the same may be issued,
at not less than its par value.
Any stakeholder may sell his stock
in the corporation, provided that
thirty 900 days prior notice Of such
intention to sell. assign or transfer
the same be given to the company,
and the other stockholders shall have
the first privilege of purchasing same:
after which thirty (30) days notice.
in case the other stockholders do not
purchase the same, the said stock may
be sold in the open market and may
be transferred under the above con-
ditions, provided such transfer there
of be made on the books of the cor
poration at its office, on the surrender
of the stock certificates.
ARTICLE v.
The corporate power Of this cor
cised by board of directors of seven
Gu stockholders, majority Of whom
shall constitute a quorum for the
transaction of business, with full
power to purchase, receive by dona-
Jion, sell, MORTGAGE, chattel mortgage,
pledge, pawn, convey lease, either
as lessor or lessee. property, both real
and personal; to borrow money anG
issue the company's negotiable notes
or bonds, either unsecured or secured
by mortgage on its real-estate. chattel
mortgage, pledge or nawn of its per-
sonal property, and to do any and all
other acts which this corporation il
authorized to do in carrying out the
purposes and objects for which it is
to make and establish by
laws and to change the same; to hire.
EMPLOY, a-~oint and discharge ali
officers and employees, and to fix
their salaries, and to fill all vacancies
occurring in the board of directors
by death, resignation or otherwise.
and to increase the directors of sail
not 70 exceed eleven (11)
members. all Of whom must be stock
holders. r-..
Each board of directors shall elect
a President, a Vice-President and a
who shall -rex-officio be-
Treasurer. -.
The first board Of directors shall
consist Of Jeff B. Snyder. G.. W.
w. s. Craig, ]. D. Sewer,
w. H.. Ward, j. v. Wright and W. d.
Zieg,er, with jeff B. Snyder as Pre-
sident, G. w. Patterson as Yice-Pre-
sident. and w. S. Craig as Secretary,
who shall hold office until the third
Monday in January, A. D., 1921. or
until their successors have been duly
elected and qualified.
On the third Monday of January.
1921. and annually thereafter, on the
third Monday Of January Of each
year the stockholders shall meet for
the purpose of electing a board Of