The herald., 1921-12-22
CHARTER.

siding officer, who shall write the word
cancelled" prominently across the race
| thereof and erase the president sigma
tnre therefrom before issuing new GER
tifcate.
| ARTICLE yIII-At all elections by or
| meetings of the stockholders each share
| shall be entitled to one vote TO De cast
| either by the person in whose name the
| poration at the time of voting or by an
attorney holding said stockhoiuer VIII
| ten proxy.
| ARTICLE IX-The business and cor
porate affairs of this corporation shail pe
| transacted by a board of directors, OF NOT
| less than three directors, nor more imam
i've directors to be composed of stock
I holders thereof and they and each OF the,i
| shall be elected at a meeting to be held
| for that purpose.
ANY vacancies in the board of directors
so elected shall be filled by the salh
| 66 Huling street, Memphis, Tennessee
] Corley Gee Price, go So. Trust Building
Little Rock, Arkansas; Charles I. IholnP-
son. 66 Huling street, Memphis, IeRIles .
see Russell ii. Thompson, 323 west
| Second street, Little Rock, Arkansas,
shall constitute the first board of dlrec-
| tors and shall hold office until the nrsl
| Tuesday after the second Monday IN NO
| vember 1922, or until their successors
are elected and qualified, and each SUD
| sequent board shall have their seats I'M
| mediately following their election. or as
| soon thereafter as practicable ana shall
hold their office until their successors
| shall have been elected and qualihed. the
| directors hereinabOve named shall eject
| their own officers.
The officers elected and designated to
serve until the first Tuesday after tne
second Monday in November, ~ or
as follows: Everett S. Thompson, presl-
dent SO Huling Street, Memphis Tennes-
see; Corley Gee Price. vice president, 622
So Trust Bldg, Little Rock ARK: I;
dent 66 Huling Street, Memphis, Tenn. !;
Russell Ii. Thompson, treasurer SO west
Second Street, Little Rock ARK.
On the first Tuesday after the second
Monday in November, 1922 and annually
| thereafter. an election Of directors. py
| stockholders shall be held at the onice OF
the corporation after fifteen days notice
| thereof shall have been given by publica-
ton in one of the daily papers in this
city by three publications thereof dur
ing said time, the first to be made fifteen
days prior to said meeting. Every board
| of directors shall, at its first meeting al
ter its election or as soon thereafter as
practicable. elect from their own number
a president vice-president, second VICE
| president and treasurer. The board OF
directors shall also elect secretary, who
may or not be member of the board.
The office of the secretary and treasurer
may be filed by one and the same person
| at the discretion of the board.
A failure to elect directors on the date
above specified shall not dissolve the cor
poratiOn but the then existing board of
directors shall continue in office until
their successors are elected. Fifteen days
prior notice shall be given in the manner
hereinabove provided. which notice shall
be full and complete notice to all stock
holders of such meeting.
Any director shall have the right to be
represented at any meeting of the board
of directors of this corporation, by an
attorney holding said directors written
| proxy.
The majority of the members of said
board of directors shall constitute quo
rum for the transaction and management
| of all business of said corporation. They
may make such bylaws, rules and regu-
| latiOns as they may think proper for the
| transaction of the business and affairs
| of said corporation, and change, alter and
amend same at pleasure; appoint and fix
salaries of all officers, clerks and en-
ployees, the same to change and dismiss
| at pleasure, fix salaries for officers pro-
| vided for herein; SELL convey, mortgage,
| pledge, lease and purchase property,
| movable, immOvable and personal, bor-
row money, issue notes and bonds, lend
money, make contracts and sign and
cause to be signed all necessary acts,
deeds, etc, to take judicial proceedings
| in the name and on behalf of this cOrpO-
ration, and to do all things which may be
| necessary to be done in the management
| of said business and may be permitted
by laws applying to corporations and de-
| clare dividends.
| ARTICLE X-This act of incorpora-
ton may be changed, modified or altered
or said corporation may be dissolved
with the assent of two-thirds of the
| amount of stock present or represented
at any general meeting of the stock
holders of said corporation, convened for
that purpose, after previous notice given
in the manner hereinabove set forth in
| Article IX. But any and all meetings of
| stockholders, whether for purpose of
liquidation or for any other purpose,
may be held at any time without notice,
by unanimous consent of all stockholders
in writing filed with the secretary.
ARTICLE XI-The president, or acting
president, may in his discretion and
shall upon the written request of one
stakeholder, call a special meeting of the
stockholders of this corporation.
ARTICLE XII-NO stakeholder shall
ever be liable or responsible for the con-
tracts or faults Of this corporation in any
further sum than the unpaid balance due
! to the company on the shares owned by or
subscribed for by him; nor shall any in
fOrmality in the organization have the eff
feet of rendering this charter null or of
exposing the stockholders to any liza
bility.
ARTICLE XIII-Whenever this cor
poration is dissolved either by limitation
or from any other cause, its affairs shall
be hquidated under the superintendency
Of three stockholders, to be chosen for
that purpose by two-thirds in the amount
of the stockholders present and repre-
scented at general meeting of the stock
holders at which the election is held
Said commissioners shall remain in office
until the affairs of said corporation shall
have been fully liquidated. In case of the
death of one of the commissioners, or re-
fusal or inability to act, the surviving
or remaining commissioners shall con-
tinue to act, and shall select another
stakeholder in the place and stead of the
commissioner. who shall have ceased to
act
This said charter shall serve as the
| original subscription list, the subscribers
hereto having set opposite to their respec-
tive names the number of shares of stock
for which they have subscribed.
Thus done and passed in my office in
| the City of New Orleans aforesaid, on the
day, month and year first above written,
| In the presence of Messrs. Charles s. Fos-
ter and Edmund r. Mabry. competent
| witnesses, residing in this parish who
| hereunto sign their names with the said
parties and me, notary, after due reading
| of the whole.
| ORIGINAL SIGNED:
Il. s. Thompson, SO Huling St., Men,
phis, Tenn, 80 shares; Corley G. Price.
622 Southern Trust Bldg, Little Rock.
| Ark, 90 shares; Chas. c. Thompson, Sc
Huling St, Memphis, Tenn, so shares /:
Russell III. Thompson, 1913 West Second
St, Little Rock Ark. so shares Chas. c.
| thompson Trustee 66 Huling st. Mem
phis Tenn. 200 shares.