The Natchitoches enterprise., 1921-01-06
REQUIRE and to fix their Compensation.

require and to nix their compensation.
10 make eli such by laws as may be
deemed necessary Tor the conduct of
the business Of the Corporation.
10 wind up and dissolve the Corpora
ticn as herein after provided.
Art, TX
An stock of this Corporation sub
scriUed ior shall be paid. nno half of
the same At the time OF subscribing
for the same, and the balance in sixty
daHs from the date Of subscription, or
as called for by the Board Of Directors
which board shall have the right to
call for the balance not paid at the
time of subscription in such manner as
the said Board shall see fit within the
provisions Of the law.
Art. X
There shall be stock holders meet
inc held annually on the second Mon
day in January of each year, unless
otherwise directed by the Board of
Directors. One stock holder shall have
the right by written request to demand
that there be held the annual meeting
Of the stock holders herein provided
for, and on such request being filed
with the Secretary, it shall be the duty
OF the Secretary to notify each stock
holder of the meeting to be held on the
request Of the stock holder or stock
holders mentioned.
Art.X
No stock holder shall ever be held
liable for the obligations of this Cor
poration beyond the unpaid balance
due on his shares of stock subscribed
for and which part may remain SO un-
paid at the time the demand is made,
and then only to the Corporation or, IN
case of insolvency, to the Receiver of
the Corporation.
Art. XII
The President or Genera! Manager
OF this corporation shall have power to
direct the institution ana prosecution
Of any and all suits, which in his judg-
menJ shall be in the interest of the
said corporation and no exception, to
want Of authority shall be sustained by
any court, unless the exception is
filed by some one or more stock hold
ers, setting out the reason for the
want of authority urged by the said
stock holder.
The first board of directoIs are de-
clared to be Joe Jolley. A. 6. Var
brough, E. C. Tanner, Clyde L. Gayle
and W. E. Moreland, all residents of
the parish of Natchtoches with post
Offices as indicated opposite their sig
natures to this charter and they shall
hold office until their successors are
duiy elected and inducted into Office.
Vacancies on the board Of directors |
shall be filled by the remaining men,
bers of the board.
Art. XIV
The officers of this corporation for |
the first year are declared to be Joe
J Jolley, President; A. G. Yarbrough, =!
Vice Preside 1t: and z. c. Tanner, Sec
retary and Treasurer.
Art. XIV
Citation and other legal process shall !
be served on the President of the cor |
poration.
All of which has been done and sign
ed in the presence Of the two UNDER
signed witnesses in Natchitoches par
ish. Louisiana, on this 3rd cay of Jan J
uary, 1921.
Witnesses:
(Signed) D. G. Scarborough, !
(Signed) Jno. T. Dwyer.
(Signed) Joe JoIley, Ten Shares.
s-----l2east. Office address, Powhattan, La.
(Sighed) ArtHY Yarbrou1 Ten Shares: |,
PesgU4fiee acdfess FdWndttah, La.
{S;gned) E. C. Tanner Ten Shares.
Post Office address, Powhattan, La.
(Signed) Clyde L. Gayle Ten Shares.
Post Office address, Powhattan, La.
(signed) W. E. Moreland Ten Shares.
Post Office address, Powhattan, La.
(9igned) Albert E Ewing,
; Notary Public.
(SEAL)
state of Louisiana,
Parish of Natchitoches.
Joe Jolley and E. C. Tanner, both
nd each being first duly sworn depose
nd say. We have examined the stock
f general merchandise belonging to
;lyde l.. Gayle and Joe Jolley and
which is to be transferred by them to
'owhattan Mercantile Co. Inc. in pay
nent for shares of stock in that cor
oration and we appraise the cash
alue thereof at seven hundred eighty
hree and fifty huucredths dollars.
Sworn to and subscribed before me
n this January 3rd, 1921.
(Signed Albert E. Ewing,
Notary Public
(SEAL)
(signeD Joe JoIley.
(signed) e. c. Tanner.