The herald., 1921-12-01
CHARTER.

ton.
All transfers of stock shall be made on
the books of the corporation by surren-
dering the certificate thereof To the pre-
siding officer. who shall write the word
cancelled" prominently across the face
thereof and erase the Presidents sigma
ture therefrOm before issuing Il new Ger
%tificate.
ARTICLE VIII-At all elections by or
meetings of the stockholders each share
shall be entitled to one vote TO be cast
either by the person in whose name the
stock appears on the books of TINS cor
p~oratiOn at the time of voting or by an
attorney holding said stockholders writ
ten proxy.
ARTICLE IX-The business and cor
| porate affairs Of this corporation shall be
transacted by a board of directors, OF not
less than three directors, nor more thah
five directors, To be composed of stock
| holders thereof and they and each OF them
| shall be elected at a meeting to be held
for that purpose.
! ANY vacancies in the board of directors
SO elected shall be filled by the said
board of directors. Everett :. thompson,
&c Huling street. Memphis. Tennessee;
Corley Gee Price. CD SO. Trust Building.
Little Rock, Arkansas: Charles G. ThOmp-
son, 66 Huling street, Memphis. Tennes-
see: Russell II. Thompson. 323 West
Second street. Little Rock, Arkansas,
shall constitute the first board of direc-
l loI Ill nan Nv OiAi'h A"'AA - -
Tuesday after the second Monday In NO.
vember 1922. or until their successors
are elected and qualified, and each sub
sequent board shall have their seats I'M
mediately following their election. or as
soon thereafter as practicable and shall
hold their office until their successors
shall have been elected and qualified. The
directors hereinabove named shall elect
their own officers.
The officers elected and designated tC
.--VsI a. Haaf TnAGdnE after n
second Monday In November, 1922. OF
until their successors shall be elected. are
as follows: Everett s. Thompson. presl-
dent. 66 Huling Street, Memphis. Tonnes.
So. Trust Bldg, Little Rock, Ark.
Charles G. Thompson, second vice-presi
dent. f6 Huling Street. Memphis, Tenn.
Russell II. Thompson, treasurer, 323 Wes'
Second Street, Little Rock. ARK.
On the first Tuesday after the second
Monday in November, 1922, and annually
thereafter. an election of directors, b!
stockholders shall be held at the office o.
the corporation after fifteen days notic'
thereof shall have been given by publica
tion in one of the daily papers In TN
city. by three publications thereof dur
ing said time. the first to be made fifteei
days prior to said meeting. Every boar'
Of directors shall, at its first meeting al
ter its election or as soon thereafter q
practicable, elect from their own numbe
a president. vice-president, second vice
president and treasurer. The board o
directors shall also elect a secretary. VIII
may or not be a member of the board
The office of the secretary and treasure
may be filed by one and the same perso
at the discretion of the board.
A failure to elect directors on the dat
above specified shall not dissolve the COZ
poratiOn, but the then existing board @
directors shall continue in Office unit
, their SUCCESSORS are elected. Fifteen day
a-ta. ,atfan shnlI h0 uivan in tho mannp
he~reinabOve provided, which notice sha
: be full and complete notice to all stocE
! holders Of such meeting.
ANY director shall have the right to b
o represented at any meeting of the boar
r Of directors of this corporation, by a
. attorney holding said directors write
: proxy.
The majority of the members of sal
board of directors shall constitute a que
rum for the transaction and managemeI
of all business of said corporation. The
a may make such bylaws, rules and regu
~lations as they may think proper Tor Il
y transaction of the business and afail
\ of said corporation, and change, alter an
" amend same at pleasure; appoint and f
: salaries of all officers, clerks and en-
ployees, the same to change and dismi'
at pleasure. fix salaries for officers pr
: vided for herein; sell. convey, mortgag
e pledge. lease and purchase propert
movable. immovable and personal, DO
row money. issue notes and bonds, lei
money, make contracts and sign al
cause to be signed all necessary ac'
deeds, etc, to take judicial proceeding
Re In the name and on behalf of this corp
ration. and to dc all things which may
: necessary to be done in the manageme
: of said business and may be permitt'
by laws applying to corporations ana q
clare dividends.
- ARTICLE X-This act of incorpor
- ton may be changed, modified or alter
or said corporation may be dissolve
n with the assent OF two-thlrds OF |
=, amount of stock present or represent
is at any general meeting of the stoc
!" holders of said corporation. convened I
that purpose. after previous notice CIV
r In the manner hereinabove set forth
r Article TX, But any and all meetings
70 stockholders. whether for purpose
to liquidation or for any other purpo'
may be held at any time without noti'
p by unanimous consent of all stockholde
es i'm writing filed with the secretary.
G. ARTICLE NI-The president, or actl
Is president. may in his discretion a
" shall upon the written request of o
~ stakeholder. call a special meeting of t
e, stockholders of this corporation.
a ARTICLE XII-No stakeholder sh'
II, ever be liable or responsible for the co
s. tracts or faults of this corporation in a
be further sum than the unpaid balance d
a to the company On the shares owned by
he subscribed for by him; nor shall any
is formality in the organization have the
n. feet of rendering this charter null or
e. exposing the stockholders to any ]
I'd bility.
or ARTICLE XIII-Whenever this CO
o. p~oration is dissolved either by limitati
Id or from any other cause, its affairs sh
n be liquidated under the superintendent
e of three stockholders. TO he chosen
IS, that purpose by twO-thirds in the amOu
h of the stockholders present and rep
s. scented at q general meeting of the stoC
ca holders at which the election is he
of Said commissioners shall remain in on
et until the affairs of said corporation sh
lis have been fully liquidated. In case of
death of one of the commissioners or
n fusal or inability to act, the suryivi
or remaining commissioners shall CO
~. tinue to act. and shall select anOtl
stakeholder in the place and stead OF
commissioner who shall have ceased
act.
od This said charter shall serve as
original subscription list. the subscrib
hereto having set opposite to their resp
20 tive names the number Of shares of ste
or for which they have subscribed.
e, Thus lone and passed in my office
the City of New Orleans aforesaid. on
~, day, month and year first above writ
.n I'm the presence of Messrs. Charles s. II
'se ter and Edmund r. Mabry, compel
witnesses, residing In this parish, "
hereunto sign their names with the 8
oh parties and me, notary, after due read
he Of the whole.
he ORIGINAL SIGNED):
=. T.. 8. Thompson. 60 Huiing St. IL
~ phis. Tenn. 50 shares: Corley g.. Pr
IA 500 Southern Trust Bldg, Little Ro
TX Ark. so shares: Chas. G.. Thompson.
is Huling ST., Memphis, Tenn, so shar