The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1922-04-27

rotary and a Treasurer. The Secrc-
tary may also hold the office Of Treas
urer. They shall be elected annually
on the second Monday in March, be-
ginning with the year, 1923, by the
Board of Directors, elected on said day
by the stockholders which Board shall
Immediately organize and elect said
officers.
The first officers of this corporation.
shall be, X. r. Nix, President; G. E
Bailiff, Vice-President, V. H. Boyett,
Secretary and H. 7. Nix Treasurer
shall hold said office until their sue
cessors are elected, according to law
as hereinabove provided.
ARTICLE VII.
Meetings of the stockholders and OF
the Board Of Directors may be held as
often as the needs Of the business may
require, provided that for stockhold'
ers meetings, written notice shall be
mailed to each stockhldeor at his last
know postoitice address, or that shown
by the 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
member at least twenty four hours
before said meeting is held; provided
that bv consent Of the Board this notice
may be waived.
ARTICLE VIII.
No informally in the formation on
this corporation shall have the effect
Of annullins this Charter, nor any
stakeholder ever held liable for any
obligation or fault Of the corporation
except as provided by law. All stock
certificates shall be signed by the
President or Vice-President and Sec
rotary. No stock of this corporation
shall be sold to third party until
same has been offered to the corpora
tion or a stakeholder therein and re-
fused at the same price offered by
such third person. The transfer shall
he made on the books OF the corpora
tion on the surrender of the Certiti-
cate or Certificates to be transferred
before any transfer is binding on TIT
corporation.
Whenever this corporation is dissolv,
ed by limitation or otherwise, its al
fairs and obligations shall be settled
by a Liquidator selected in accordance
with law, who shall give bond in the
sum of not less than one-half of the
appraised value Of the property OF the
corporation.
This done, read, passed and signed at
nv office in the Parish Of Bienville,
in the presence of c. G. Stewart, and
$. L. Norman, legal and competent
witnesses and me- Notary, before whom
these persons have signed their names
and set their hands as incorporators
and stockholders in this corporation
giving their postoffice address, sub
scribing for the number Of shares the
amount of capital stock set opposite
their names which they declared they
have paid for in cash and in accord
ance with law on the day and date
first above written.
R. R. Nix, Jamestown, La, 10
shares. $1,0OO.00.
W. B. Bailiff, jamestown, La, 10
shares, $1,0OO.O0;
G. r. Bailiff, Jamestown, La, 10
shares, 100000.
Y. H. Boyett, Jamestown, La, 10
shares, 100000
IT.. Nix, Jamestown, La, 10 shares
100000.
ATTEST:
c. G. Stewart,
s. L. Norman.
DAVID G. SPINKS,
Notary Public.
State of Louisiana, Parish of Bien'
vile.
l, W. L. Smelley, Deputy Clerk Dis
trict Court, do hereby certify that the
above and foregoing is true and cor
rect copy Of original as recorded in
Book "A", page III Of the Charter