The Natchitoches enterprise., 1921-02-03

require and to fix their Compensation.
To make ell such by laws as may be
deemed necessary for the conduct of
the business of the Corporation.
To wind up and dissolve the Corpora
tion as herein after provided.
Art. TX
All stock ef this Corporation sub
scribed for slall be paid, one half of
the same at the time of subscribing
for the same, and the balance in sixty
days 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 q stock holders meet
ing 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, III
case of Insolvency, to the Receiver Of
the Corporation.
Art. XII
The President or General Manager
of this corporation shall have power to
direct the institution and prosecution
of any and all suits, which in his judg-
ment 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 ont the reason for the |
want of authority urged by the SAID
stock holder.
Art. XIII
The first board of directoIs are de-
clared to be Joe Jolley. A. G. Yar-
brough, E. C. Tanner, Clyde L. Gayle (
and w. E. Moreland, all residents of
the parish of Natchitoches with post
offices as indicated opposite their sig
natures to this charter and they shall
1old Office until their successors are
luly elected and inducted into office.
Vacancies on the board Of directors
'hall be filled by the remaining men,
)ers of the board.
Art. XIV
The officers of this corporation for
he first year are declared to be Joe
Iolley, President; A. G. Yarbrough,
Vice President: and E. C. Tanner, Sec
etary and Treasurer.
Art. XIV
Citation and other legal process shall /
re served on the President of The cor
oration. L
All of which has been done and sign
d in the presence Of the two under
igned witnesses in Natchitoches par
III, Louisiana, on this 3rd day of Jam
ary, 1921.
Witnesses:
Signed) D. G. Scarborough,
Signed) Jno. T. Dwyer.
Signed) Joe Jolley, Ten Shares.
Post Office address, Powhattan, La.
Signe0 A. G. Yarbrough Ten Shares.
Post Office address, Powhattan, La.
Slgned) E. C. Tanner Ten Shares
Post Office address, Powhattan, La.
Signed) Clyde L. Gayle Ten Shares.
Post Office address, Powhattan, La.
;igned) w. E. Moreland Ten Shares.
Post Office address, Powhattan, La.
(Signed) Albert E Ewing,
Notary Public.
(SEAL)
ate of Louisiana, r.
arish of Natchitoches.
Joe Jolley and E. C. Tanner, both -
ID each being first duly sworn depose =
ID say. We have examined the stock
general merchandise belonging to
yde l.. Gayle and Joe Jolley and
lich is to be transferred by them to g
'whattan Mercantile Go. Inc. in pay
ent for shares of stock in that cor
ration and We appraise the cash
lue thereof at seven hundred eighty
rec and fifty huucredths dollars. q
Sworn to and subscribed before me
this January 3rd, 1921.
Albert E. Ewing,
Notary Public.
~. (SEAL)
Signed Joe Jolley,
,Signed) E. c. Tanner.