Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1922-11-02

The election of directors shall be
by ballot, and the persons receiving
the highest number of votes cast shall
be elected. Each share of stock shall
be entitled to one vote, and ma
iority of vote cast will be required to
pass any resolution or decide any
question submitted to the stockhold-
ers, except for the alteration or
amendment of this charter or the dis
solution of the corporation.
The Board of Directors shall have
the power and authority to make all
rules and regulations for the manage
ment and control of the corporation,
and shall have power to fill any va
cancy occurring in their number from
among the stockholders, if regularly
qualified. A majority of the direc-
tors voting at one time shall be re-
quired to pass any resolution or adopt
any Bylaws, and five directors shall
Constitute a quorum.
ARTICLE VII.
Notice of all meetings of stock
holders for the election of directors,
or for any other purpose, shall be
given in writing by the Secretary, and
notice to be delivered personally or
deposited in the postoffice, properly
addressed to each stakeholder at his
last known address appearing on the
books of the corporation at least fif-
teen days before such meeting, pro-
vided, that stockholders meeting may
be held at any time with the written
consent of all stockholders of record.
ARTICLE TX.
This CORPORATION shall have its cor
porate existence for a period of fifty
years, unless sooner dissolved as re-
quired by law.
ARTICLE K.
This corporation may be dissolved
or the Charter modified or amended
as required by law.
ARTICLE XII.
No stockholders shall ever be held
liable or responsible for the contracts
or faults Of this corporation any way
further than the unpaid balance due
to the corporation on the shares OF
the stock owned by him. nor shall any
mere informality in organization have
the effect of rendering this Charter
null or exposing a stakeholder to lia-
bility beyond the unpaid balance due
on the stock owned by him, if any.
ARTICLE XII.
The stock in this corporation is is
sued with the specific understanding
that if at any time any stakeholder
desires to sell his stock he shall first
offer it to the corporation at the
book value of the stock, and the
Board of Directors at its next regular
monthly meeting shall eithe accept
his offer or reject it, which shall be
made to appear on the minutes of the
corporation, after which he may sell
to another party, if the corporation
does not buy his stock. Stock sold
in any other manner will not be con-
sidered as sold by this corporation,
and any other party holding stock in
violation of this provision will not be
treated as a stakeholder or entitled
to dividends and other benefits Of
stockholder.
ARTICLE XIII.
The Board of Directors may as
they see fit select a seal for this cor
poration of such design and shape as
they decide, which shall be affixed to
all papers the Board of Directors may
designate.
Thus done and passed at my office
in the City of BOgalusa, Parish Of
Washington, Louisiana, on the day,
month and year hereinabove first
written in the presence of L. Cald-
we'll and V. Moore, competent wit
nesses, who hereunto sign their names