The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1922-04-20

rotary and a Treasurer. The secre,
jary may also hold the office of Treas
arer. 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, II. r. Nix, President; {. +
Bailif, Nicc-PreSident, Y. II. Boyett
Secretary and H. 7. Nix Treasurer
shall hold said office until their sue
rcsSors are elected, according to law
rs hereinabove provided.
ARTICLE VII.
Meetings Of the stockholders and of
the Beard of Directors may be held as
often as the needs Of the business may
require, provided that for Stockhold
prs meetings, written notice shall DC
mailed to each StockhldeOr at his last
k,iow poStoliicc 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 hy consent Of the Board this notice
may be waived
ARTICLE VIII.
! No informaIty in the formation OF
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 a third party unit
same has been offered to the corpora
fion or Il stakeholder therein and re-
fused at the same price offered By
! such third person. The transfer shall
be made on the books Of the corpora,
ton on the surrender Of the Ccrtili
cate or Certificates to be transferred
before any transfer is binding on The
corporation.
Whenever this corporation is diSsolv
| ed by limitation or otherwise, its at
fairs and Obligations shall be settled
Ivy a Liouidator selected in accordance
with law, who shall give bond in the
sum Of not less than One-half Of tn;
appraised value Of the property Of the
corporation.
This done, read, passed and signed at
my office in the Parish of Bienyille
in the presence of c. G. Stewart, and
S. L. Norman, legal and competen
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 postotfice address, sub
Scribing for the number Of shares the
amount of capital stock set opposite
their names which they declared the!
have paid for in cash and in accord
ance with law on the day and date
first above written.
Il. Il. Nix. Jamestown, La, 1C
shares $l0OOOO
W. B. Bailiff, Jamestown, La, 1(
shares 100000.
c. +. Bailiff, Jamestown, La, II
shares, 100000.
Y. H. Boyett, Jamestown, La, II
shares, $1,00000.
II. r. Nix, Jamestown, La, 10 shares
100000.
ATTEST:
J c. G. Stewart
s. Il. Norman.
DAVID c. SPINKS,
Notary Public.
State of Louisiana, Parish of Bien
| Vile
l, W. l.. Smellsy. Deputy Clerk Dis
trict Court do hereby certify that tn
above and foregoing is true and COZ
| rect copy of original as recorded i
!, BoNk AZ, page III of the Charte