The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1921-07-07

among The StOCkuOlueIS a. lAe onnu"'
stockholders meeting which shall be
held on the Second Monday in April
Of each year, beginning with the year
1922. The following stockholders shall
compose the first board Of directors TO-
wit:
J. E. Reynolds, B. R. Felts, W. D.
Golf, Fred W. Pentecost, R. D. Sims,
Bertram F. Barnette, D. q. Brown,
G. L. Shields, C. R. Heard, W. e.
Meyers and G. A. Adams, who shall
hold office and compose said board un'
til their successors are elected.
Article V.
The officers of this corporation shall
be IL President, First Vice-Presldent,
Second Vice-President, Third Vice
President, a Secretary and Treasurer,
The Secretary may also hold the or
flee Of Treasurer. They shall be elect
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 ]. E. Reynolds, president; 3.
r. Felts, first vice-president; W. D..
Golf, second vice-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 kowl
post office address or that shown by tht
charter, at least fifteen days before
said meeting is held, and for meeting
of the Board Of Directors, written
notice shall be given to each membe
at least twenty-four hours before sail
meeting is held; provided that by con
? sent of the Board, this notice may b.
J waived.
: Article VII.
No informally in the formation o
this corporation shall have the etfec
of annulling this charter, nor any
stakeholder ever held liable for an
obligation or fault Of the corporation
, except as provided by law. All stoc
j. certificates shall be signed by tn
r president or vice-president and secre
tary. No stock Of this corporate
f shall be sold to third party, unit
:, same has been offered to the corpors
: ton or a stakeholder therein and II
" fused at the same price offered by sue
~ third person. All transfers shall b
q made on the books Of the Corporation
u on the surrender Of the certificate {
- certificates to be transferred bef0l
= any transfer is binding on the corpOr'
h ton.
~ Article VIII.
Whenever this corporation is dissol
= ed by limitation or otherwise, its a
y fairs and obligations shall be settled
liquidator, selected in accordan
A. with law who shall give bond in
sum of not less than 0ne-half Of Il
~ appraised value Of the property OF Il
r corporation.
- This done, read, passed and signe
H. at my office in the Parish Of Bienvil
is. in the presence Of Elgyn Hightow
and L. s. Caskey, legal and compete
witnesses and me, Notary, before who
these appearers have signed thu
names and set their hands as inc(
porators and stockholders in this q
poration, giving their post office 6
dress, subscribing for the number
shares and amount of Capital Stock
an. opposite their names which they
" clared they have paid for in cash a
,at in accordance with law on the day a
n date first above written:
Try J. E. Reynolds, Arcadia, La,
tie, shares, 100000.
me D. E. Brown, Jr., Arcadia, La,
u. shares, $4,000.
Isl Bertram F. Barnette, Arcadia, l
~ % shares $1,25O.OO.
,is W. D. Golf, Arcadia, La, 25 sha1
ms $1,25000.
ma, Fred W. Pentecost, Arcadia, La,
gal shares, $1,250W.
ar R. D. Sims, Arcadia. La, % shat
EN-. $1,25O.O0.
OF J. w. Sherard, Arcadia, La,
tno shares, $4,000.
ISL B.R. Felts, Arcadia, La, 1N sha
'iun l $4,000.
by J.R. Butler, Arcadia, La, 4 sha
em $4,000.
nay F. J. Robertson, Arcadia, La,
sue shares, $4,000.
der Dallas Robertson, Arcadia, La
} a shares, $4,000.
the W. G. Thomas, Arcadia, La.'
shares, $4,000.
W. J. Fuller, Arcadia, La, 2 sha
hall $4,000.
OR H. Jordan, Arcadia, La, 2 sha
the $4,000.
fish, J. A. Bryan, Arcadia, La, 6 sha
the $4,000.
here L. E. Ozley, Arcadia, La, 2 sha
ust $4,000.
.or. Dave Hoffman, Arcadia, La.
en-. shares, $4,000.
ONE w. H. Williams, Arcadia, La
dis. shares, $4,000.
+hpr. Louis X. Crosby, Arcadia, La
,ery. shares, $4,000.
ence, Jack Davis; Arcadia, La. ! 81
the $4,000.
and B. T. Ferguson, Arcadia, La
AMY share, $4,000.
R. W. Ozley, Arcadia, La, l s
pora. $4,000.
here w 8 Adcock, Arcadia, La, l s.
ana $1,000.
min I G. Ratcliff, Arcadia, La, 2 81
Dis Of $4,000.
own FELTON, Hightower, Arcadia, l.