The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1921-06-09

hNC VI AICuSulSl' AAN cht'ii bV WV
ed annually on the Second Monday in
April Of each year, beginning with the
year 1922 by the Board of Directors
elected on said day by the stockhold-
ers, which board shall Immediately or
ganize and elect said officers.
The first officers of this corporation
shall be J. e. Reynolds, president; 3.
R. Felts. first vice-president; W. d.
Golf, second yice-president and Fred
W. Pentecost, third vice-president, and
r. d. Sims, secretary and treasurer
who shall hold said offices until their
successors are elected as hereinafter
provided and according to law.
Article VI.
Meetings of the stockholders and the
board of directors may be held as often
as the needs Of the business may re-
quire, provided that for stockholders
meetings, written notice shall be mail
ed to each stakeholder, at his last kown
post Office address or that shown by the
charter, at least fifteen days before
said meeting is held, and for meetings
Of the Board of Directors, written
notice shall be given to each member
at least twenty-four hours before said
meeting is held; provided that by con-
sent Of the Board, this notice may be
waived.
Article VII.
No informally in the formation of
this corporation shall have the effect
of annulling this charter, nor any
stakeholder ever held liable for any
obligation or fault Of the corporation
except as provided by law. All stock
certificates shall be signed by the
president or vice-president and secre.
tary. No stock Of this corporation
shall be sold to third party, until
same has been offered to the corpora
ton or a stakeholder therein and re-
fused at the same price offered by such
third person. All transfers shall be
made on the books of the Corporation,
on the surrender Of the certificate or
certificates to be transferred before
any transfer is binding or the corpora
ton.
Article VIII.
Whenever this corporation is dissolv-
ed by limitation or otherwise, its af-
fairs and obligations shall be settled by
a liquidator, selected in accordance
with law who shall give bond in a
sum of not less than One-half of the
appraised value Of the property Of the
corporation.
This done, read, passed and signed,
at my Office in the Parish Of Bienville,
in the presence Of Elgyn Hightower
and L. s. Caskey, legal and competent
witnesses and me, Notary, before whom
these appearers have signed their
names and set their hands as incor-
porators and stockholders in this cor
poration, giving their post office adj
dress, subscribing for the number of
shares and amount of Capital Stock set
opposite their names which they de-
clared they have paid for in cash and
in accordance with law on the day and
date first above written:
]. E. Reynolds, Arcadia, La, 20
shares, 100000.
D. e. Brown, Jr., Arcadia, La, 10
shares, $4,000.
Bertram F. Barnette, Arcadia, La,
% shares $1,25O0O.
W. D. Golf, Arcadia, La, 20 shares,
$1,250M.
Fred W. Pentecost, Arcadia, La, 20
shares, $1,25OOO.
r. D. Sims, Arcadia, La, % shares,
$1,25OOO.
j. w. Sherard, Arcadia, La, 4
shares, $4,000.
B.R. Felts, Arcadia, La, 104 shares,
$4,000.
]. r. Butler, Arcadia, La, 4 shares,
$4,000.
f. J. Robertson, Arcadia, La, 2
shares, $4,000.
Dallas Robertson, Arcadia, La. 2
shares, $4,000.
W. G. Thomas, Arcadia, La, 4
shares, $4,000.
W. ]. Fuller, Arcadia, La, 2 shares,
$4,000.
H. Jordan, Arcadia, La, 2 shares,
$4,000.
J. A. Bryan, Arcadia, La, 6 shares,
$4,000.
L. E. Ozley, Arcadia, La, 2 shares,
$4,000.
Dave Hoffman, Arcadia, La, 4
shares, $4,000.
w. H. Williams, Arcadia, La, 2
shares, $4,000.