The Bienville Democrat., 1922-06-15
ance with the law existing at the time
Of such service.
ARTICLE >.

ance with the law existing at the time
Of such service
ARTICLE ..
The purpose for which this corpora
ton is formed and its objects are here
by declared to be to carry on and op-
crate a general wholesale and retail
gasoline, kerosene and lubricating oil
and gasoline filling station business and
to buy and sell kerosene, and gas burn
ing stoves and to acquire, own and
dispose of real estate, and all kinds
of personal property; to acquire own
and operate pipe lines and tank lines
and cars and all necessary appliances
for the purpose Of transmitting any
and all kinds of oil, gasoline, kerosene
and greases of all kinds; to acquire,
build. own and operate storage tanks
for oils, gasoline and greascs Of all
kinds. and generally to do perform
any and every act necessary to carry
out the purposes herein provided for
or that may be incidental thereto.
ARTICLE 3.
The capital stock of this corpora,
tion is fixed at TEN THOUSAND
(S1O,0OO.OO) DOLLARS, divided in.
TO ONE HUNDRED 1000 shares of
the par value Of ONE HUNDRED
($100.OO) Dollars, each which may be
paid for in cash, property transferred
to the corporation, or for services per-
formed for it at a valuation to be
approved by it's Board of Directors
and all stock when issued, shall be
fully paid and worcestershire. Tht
corporation shall begin business when
FIFTY 600 shares are subscribed and
paid for in accordance with law. This
corporation shall have authority to in
crease it's capital stock on complying
with the law relative thereto, to an
amount not exceeding TWENTY FIVE
THOUSAND ($25,OO00O) DOLLARS
ARTICLE 4.
The affairs of this corporation shall
be managed by and be under the con
troll of a Board of FOUR (4) directors
who shall be elected by and from
among the stockholders at the annual
stockholders meeting which shall be
held on the second Monday in May OF
each year, beginning with the year
1923. The following stockholders
shall compose the first board Of di
rectors. to-wit: j. C. Roberts, r. f.
Smith, Il. L. Reed, and D. A. Wood.
ard who shall hold office and com
pose said Board until their success
sors are elected.
ARTICLE ).
The officers of this corporation
shall be a president, first vice presl
dent. second vice president, secre
tary and a treasurer. The Secretary
NAV also hold the office Of treasurer
They shall he elected annually on the
second Monday in May of each year
beginning with the year, 1872" by ihe
Board of Direcors elected on said day
by the stockholders, which Board
shall Immediately organize and elect
said officers. The first officers OF
this corporation shall be- J. G.
Roberts, president; R. E. Smith, first
vice president; E. l.. Reed, second
vice president; and D. A. Woodard
secretary and treasurer, who shall
hold said offices until their cuccess'
ors are elected as hereinafter pro
yidcd and according to law.
ARTICLE 6.
Meetings of the stockholders and
of the Board of Directors my be helC
as often as the needs Of the business
may require, provided that for stock
holders meetings, written notice shal
be mailed to each stockholder, at MI
last known postottice address or tina
shown by the charter, at least tit
teen days before said meeting Is held
and for meetings of the Board O.
Directors, written notice shall bt
given to each member at least tWent!
four hours before said meeting is held
provided that by consent of the Boar(
this notice NAV be waived.