The Bienville Democrat., 1921-08-11

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the stock shall be represented'Dy Ger
tifcate duly signed by the president
and Secretary-treasurer, and sealed
with seal of the corporation, and nc
transfer of stock shall be made unless
the same is made upon the books OF
the company. and is also approved by
| the Board of Directors. This corpora
ton is authorized to commence bust
ness when six hundred shares Of its
stock shall have been subscribed and
paid for as required by law.
Article Y.
The affairs Of this corporation shall
be managed by a Board of Directors,
composed of seven stock holders and
the following persons are hereby nom
mated as the first board of Directors
all Of whom shall hold Office until The
first Tuesday in January, 1872, or ml-
/ I'll their successors are elected and
qualified, as follows, t0-Wit: }. II.
Pumphrcy, DR.. o. L. Kidd, NJ. M. Press.
J. p. Nelson, 7. B. Morgan, J. J. Har-
risOn, c. A. Berry. The said Board OF
Directors shall select from their mum
Der a president, a vice-president ana
secretary treasurer, who shall have the
official management of the affairs Of the
| corporation.
Article VI.
The Board of Directors Of this cor
pOration shall be selected from stock
holders who are members Of Gibsland
Lodge, Number 3O4, f. 4 A. M. In the
event any vacancy should occud in said
Board Of Directors by death, resigna
ton or otherwise, the remaining d.
rcctors shall fill such vacancy for the
uneXpired term of such director.
Article VII.
No person holding stock in this cor
poration shall be permitted to sell or
Transfer the same to any person, eX
cept it be approved by the Board Of
Directors, and +. & A. NJ. Lodge, No.
3O4, Of Gibsland, shall be offered the
first privilege of purchasing said stock,
and each year at its annual meeting, the
board Of directors shall offer as much
stock for sale to the GibsIand z. & A.
NJ. Lodge, No. 3O4, as they are able
to buy, it being the intention Of this
article that all Of the stock Of this
corporation shall eventually be held
by said Gibsland Lodge, No. 304, T.
" A. NJ. On the first Tuesday of Jan
uary OF each year, the Board of Direc-
tors shall draw by lot for stock to be
sold the Gibsland Lodge and the stocf
holders whose stock is so drawn shall
be compelled to sell his stock at par
plus interest at rate of three and one
half per centum per anhum from date
OF issue. for the use of said Gibsland
Lodge, No. 304, y. & A. NJ, share and
share alike.
Article VIII.
This charter may be modified, alter
Ell or amended, and said cooperation
may be dissolved with the assent OF
three tourths Of the amount Of the
capital stock present or represented at
a general meeting of the stockholders
convened for the purpose, after due
notice thereof shall have been given
by publication, as well as by written.
notice, thirty days preceding Said
meeting, and in case said corporation
IS dissolved, its affairs shal be liuuidat
ed by three commissioners, elected AT
such stockholders meeting, and the
majority of the stockholders NAV So
lect such commissioners to wind IN tbo
affairs of the corporation, in accord
ancc with law.
mus done, passed and signed al my
ofllce in Bienville Parish, Louisiana, i,
the presence of d. T. prothro and r
Z. Berry, legal and competent witness.
es' who sign with said appearers an
lit, Notary fuDllc, on the day, month
and year first above written.
Attest:
D. I. PROTHRO,
Il. G. BERRY.
W. c. LANGFORD,
u, 1Seal) Notary Public
Inc subscribers and number .of
shares subscribed for appear below:
.. H. Humphrey, % shares, $25O.OO.
o. . A. Berry, 10 shares, $4,000
I. B. Morgan, 10 shares, $4,000.
y. L. Kidd, 25 shares, $4,000.
!. I. Nelson, 20 shares, $4,000.
Z. %. Crews, 10 shares, $4,000
H. l.. Reed, 10 shares, $4,000.
II. ". Brown, 10 shares, $4,000,
". H. Day, 10 shares, $4,000.
4. Is, johnson. 4 sharno esOnn