The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1920-02-21

.,..;,n. when necessary, and to 90
80 nerform generally any ana al
acts necessary and proper IN carry
- ont the business and purposes Va
this corporation. 4
The domicile of this corporation Is
h.rsbv fixed at Tallulah, Madison
TSa President, or in his absence
.,a V;ce.President, or in his ABSENCE
.he Secretary, is designated as tns
Srec.r nerson upon whom service Oh
PVT nrncess against il shall be mace.
ARTICLE Ill. ,;.,
III. objects and purposes for wnieh
81. cornoration is organized, and the
! nature Of the business 20 Dc "a
on by it are hereby declared 70 DC y.
purchase or lease: or otnerwE the
ouire lots or parcels OF grouhal ; ~ s
Village of Tallulah, or lands aGoac eon
To said village, and to erect tne.eo a
houses and buildings Oh any ha.u
and kind whatsoever, and TO iease dnr
let. OF to sell said houses ana oeher
buildings, and to purchase tease ~
otherwise acquire any LANDS ana efse e.
any buildings, plants and houses ~.
the development Of said lots ana ianas
and the greater development Oh tnI I
Village of Tallulah, and to DO al!
other things incidental and necessary
Ito carry out such objects ana puf'
poses. nn,c,r,v
The capital stock OF this corporA
tom il hereby fixed at the sum o.
twenty Thousand ($20.00O.00l Dol
lars. divided into two hundred SZOoI
shares of the par value Of One Hund
red $500 O) Dollars each; whici
aid stoelc shall be paid for in cash o
in property at the time OF subscrlp
t;on. or as the same may be issued
at not Iess than its par value.
Any stockholder may sell ms stoc
N the corporation, provided tina
l. thirty (3O) days, prior notice Oh sue
intention to sell. assign or trans1e
the same be given to the COMPANY
and the other stockholders shall nav
the first privilege of purchasing same
sfter which thirty (30) days notlc'
r. in case the other stockholders 40 NJ
of purchase the same, the said stock ma
o. b sold in the open market ana ma
al he transferred under the above col
n. ditions. provided such transfer ther
nv of he made on the books OF the CO
nd noration at its office, on the surrend'
IL Of the stock certificates.
he ARTICLE v.
.er The corporate power OF this co
llv noration shall be vested in end exc
,se c;sed by a board of directors OF sew
All m stockholders. a majority OF VINO
mo shall constitute q quorum dor
m Transaction Of business, with \
IA mower to purchase, receive by cor
ra- ton, sell, mortgage, chattei mortgas
ro- pledge. pawn, convey, lease eIl
of as lessor or lessee, property, DOM y
ma and personal; to borrow money q
ned issue the company's negotiable no
uts or bonds, either unsecured or secui
as by mortgage on its real-estate, chat
nav mortgage, pledge or nawn OF Its o
and soual property. and to do any and
ion other acts which this corporation
OBJ authorized to do in carrying out.
and purposes and objects for which IT
and established; 70 make and establish,
eby laws and to change the same: to ri
employ, a~~oint and discharge
officers and employees, and to
pra- their salaries, and to fill all VACANT
!, be I; Occurring in the board Of direct
on. Inv death, resignation or. otherw
and to increase the directors OF
don Corporation not TO exceed eleven 4
rod members, al Of whom must be So
,nsr Each board Of directors shall e
nm q President. q Vice-Presidentr an
Gre Secretary, who shall ex-ofheie
seal Treasurer. =
,Wers The int board of directors s
d be consist Of JED B. Snyder; z.
slter Patterson, W. S. Craig. J: D. Sc,
, sc-> W. Inward. J. " Wright and "
10. ZiegIsr, with JEFF B. Snyder as
': "a sidsnt, G. w. Patterson as Vice
= or adsnt. and "; s. Craig q: s .
,otes Monday in January, A. D.: 192'
ness; until their successors have been
1ents elected and qualified. V
said On the third Monday O.. Janr
.blish 1921, and annually thereafter, OF
roner third Monday Of January OF
a 10 syesr the stockholders shall meet
d r. the purpose Of electing boar