The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1920-06-19
ARTICLE SEVEN.


elected annually on the first Monday
| of July of each year, except the first
Board as shown by this Charter. which
Board, shall serve until its successors
shall have been elected and qualified.
All elections shall be by ballot and
conducted at the Office of the Associa-
ton under the supervision of three
Commissioners to be appointed by the
Board of Directors. Notice of cleo
ton shall be given by publication for
not less than ten (l0) days prior to
such election in newspaper publish
ed in the Parish of Grant, or in the
event there should be no newspaper
published in the parish, then in news
paper published in the city of New
Orleans. and written ntt ice mailed to
each stakeholder. Every stockholder
shall be entitled to vote for each share
of stock standing in his name on the
books of the Corporation for at least
twenty days prior to the election, and
the vote of the stockholders shall be
cast in person or by written proxy and
majority of the votes cast shall elect
Any vacancy occurring among the d.
rectors by death, resignation or other
wise shall be filled for the remainder
of the term by the remaining directors
but failure 20 elect directors at the
date specified shall not dissolve the
corporation, but the directors then in
office shall remain in Office until their
successors are elected and qualified.
and shall have the authority to call
special election without published no.
tice to elect new Board. The first
board of directors named in the charter
shall elect from their number by BAL
lot, President, two or more Vice
Presidents. and Cashier who shall
act as Secretary of the Corporation,
and the said Board may appoint such
committees, office managers, clerks,
commissioners, agents. or employees
as they may deem necessary to carry
on the business of the Corporation and
said employees shall hold office and
shall be delegated such authority as
the Board of Directors may see nit.
Said board shall also make and eslab-
lish at will. bylaws, rules and reguIa-
tons for the proper management and
conduct OF the business and affairs of
this corporation. All the corporate
powers of this corporation are hereby
vested in said Board of Directors, ex-
cept such as may be especially reserv-
ed by law, and these Articles of lncor-
poration. to the stockholders. The seal
of this Corporation shall be in the Gus
tody of the Cashier and shall be in the |
form of a Pelican feeding her young, |
with the name of the Association in
scribed around the dye.
ARTICLE EIGHT.
The capital stock and the number of |
shares in this Corporation may he in
creased or diminished, or this charter
may be modified, changed or amended, |
with the assent of two third ca of |
amount of capital stock, or the said
may be dissolved with the |
assent of three fourths of the amount
OF capital stock of this association Civ
en- at general meeting Of the stock
holders convened for the purpose after
due notice of said meeting shall have
been published in newspaper for thir-
ty days prior to the converting of said
meeting and by written notice mailed
to each stakeholder addressed to his
residences, rs it appears on the books
Of the Corporation.
ARTICLE NINE.
Whenever this Corporation NAV be
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