The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1921-06-16

conducted at the office OF the corpora
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 QO) days prior to
>uch election in a newspaper published
in the Parish Of Bienville or in event
there should be no newspaper publish
cd in the parish then in Il newspaper
RECOGNIZED as the official journal OF the
state and by written notice mailed to
each stakeholder. Every stakeholder
shall be entitled to one vote Tor mch
share Of stock outstanding in his name
or on the books of the corporation Tor
It least twenty days prior to the elec
tioD, and the vote Of the stockholders
shall be cast in person or by writer
nroyv, and majority of the votes
cast shall elect. Any vacancies oc-
curing among the directors by death,
RESIGNATION or otherwise, shall be fill
cd for the remainder Of the term BY
remaining directors but the failure to
elect directors at the date specll1cd
shall not dissolve the corporation, but
the directors then in office shall re-
main in office until their successors
are elected and qualified, and Shall
have authority to call special eelc-
ton, without published notice, to elect
a new board. The first board of direc-
have authority to call a special elec-
from their number by ballot, prcsi-
dent, two or more vice-pres!dcnts and
a cashier, who shall act as secretary
Of the cooperation, and the said board
may appoint such committees, office
managers, clerks, commissioners, agents
or employees as may be necessary to
carry on the business of the corpora
ton and said employees shall hold
office and shall be delegated such
authority as the Board of Directors
may see fit. Said board shall also
make and establish at will, bylaws,
rules and regulations for the proper
management and conduct OF the bust
ness of this corporation. All the cor
p0rate powers Of this corporation are
hereby vested in said board of direc-
tors, except such as may be reserved
by law, and these articles Of incor-
poration, to the stockholders. The seal
of this corporation shall be in the
custody of the cashier, and shall be in
the form Emblem of State Of Louis
lana.
Article s.
The capital stock Of this corporation
and number of shares may be increas-
ed or diminished, or this charter may
be modified, changed or amended, or
the said corporation may be dissolved
with the assent of two-thirds of the
amount of the capital stock Of this
corporation given at a general meeting
Of the stockholders convened for the
purpose, after due notice Of said meet
ing shall have been published in a
newspaper for thirty days prior to the
converting Of said meeting and by writ,
ten notice mailed to each stakeholder
addressed to his residence as it ap-
pears on the books Of the corporation.
Article 9.
Whenever this corporation may be
dissolved either by limitation or by
any other cause, its affairs shall be
liquidated by three stockholders to be
elected at a general meeting of the
stockholders to be convened for the
purpose, after publication for thirty
day. in newspaper as heretofore set
forth, and two thirds of the stock vot-
ing at said election shall be required
to elect. Tie said liquidating COM
missioners elected at said meeting shall
remain in office until the affairs of the
corporation shall have been complete
ly liquidated, and in case Of death Of
one or more Of said commissioners,
the vacancy shall be filled by the ra-
naming commissioners.
Thus done and passed in my office
in the parish of Bienville, on the day,
month and year first above written, in