Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-02-17

LSAAS0 W VIC laws VI SuS 0Iote VI
Louisiana upon corporations organ
zed under the Act herein referred to.
ARTICLE Nv.
The authorized capital stock Of this
corporation is hereby declared to be
The sum Of five thousand dollars
($5,000.00) to be, represented BY
two hundred (20O) shares Of
twenty-five dollars ($25.00) each,
the said capital stock shall be fully
paid and worcestershire when issued
shall be represented by certificates
and shall be personal property and
no transfer Of said capital stock shall
be binding upon this corporation I'M
less made in accordance with this |
charter and bylaws and recorded on
the books thereof.
This corporation shall have power
to begin business upon the subscrip-
ton and paying in Of one-haf its
capital stock, q list Of the stock |
holders and amount subscribed and
paid in is attached hereto and made
part hereof
ARTICLE v.
The business and affairs Of this
corporation shall be managed and all
corporate powers thereof shall bel
vested in and exercised by a Board
Of Directors Of not less than Eve
(5) directors or more than seven
CD directors, to be elected from
among its stockholders, and four Of
said directors at any time in office
and present in person, including the
president and other officers, shall
constitute quorum.
The said board of directors shall
elect from among their number y
president, a vice-resident and q
secretary-treasurer. The Office Of
secretary and treasurer to be COM
bined and filed by one and the same
person. ''''.-'.-
The board Of directors shall have
the full and complete control Of the
property Of this corporation and shall
conduct, manage and use the same
a. in their discretion they may deem
best, If not inconsistent with the OBJ
jects Of the corporation and the well
fare Of the same, said board Of di-
rectors shall have the further power
| to make, alter and annul such bylaws,
rules and regulations for the govern
ment Of this corporation a. they may
think proper.
The said board Of directors shall
have the further power to appoint oil
agents, clerks or employees and fl
their salaries, with term Of Office,
with the right to dismiss them al
pleasure and shall further have the
right to fix and determine the sal.
aries Of the several officers herein
provided for.
Any vacancy occurring on the
Board Of Directors shall be filed By
the remaining members Of the said
Board for the unexpired term ct any
meeting Of said Board Of Directors
ARTICLE vi.
The Board Of Directors Of this cor.
porxtion il hereby dxei at i've and
shall be composed Of W. II. davidson,
Thomas n. Wade, Jr; A. B. Ratchh
4. y. Whitney and J. &. Macpherson
AID tie said Board Of Direction
stall serve until the FRS meeting
Of stockholders for the election O
directors, or until its successors m
elected, qualified and installed.
/ ARTICLE VII.
On the first Monday in January
'|1s23, and annually thereafter on tn
first Monday Of each year, . meeting
LOT the stockholders Of this corporation
shall be held at its domicile for tn
purpose Of electing directors for tn
ensuing year. The failure from IN!
lcause whatsoever to hold annual meet
lings Of the stockholders or the fail
lure to elect directors thereat shal
mot dissolve this corporation, but tn
directors and officers then in ofic'
Ishall remain in Office until their sue
cessors shall have been duly elected
|qualfied and installed.
Special meetings Of the stakeholder
may be called in the manner pro
, vided by law and the board Of di
|rectozs may be increased or reduces
in number, and partly or entirely n
moved by any such special msetinl
LOT the stockholders. All stakeholder
meetings shall BE- held In accordanc
with and in manner provided by tn
bylaws Of this corporation hereafte
to be enacted.
ARTICLE WI
This charter may be amended an
the capital stock Of this corporation
may be increased or decreased o
this corporation may be dissolved b
the method and manner provided b,
law.
4 ARTICLE X.
No STOCKHOLDERS Of this corporation
shall ever be held liable or respon
|sible for the contracts or faults o