Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-03-17


for the management of the affairs Of
the association as may be necessary
and proper and in conformity with
the provisions of the law and these
articles of association, and such by
laws to alter, amend and repeal at
pleasure; to do all things and perform
all acts as may be necessary and
proper in order to carry out the
purposes for which this corporation
is formed.
ARTICLE Nv.
All the corporate powers Of this
association shall be exercised by a
Board of Directors, composed Of fif-
teen (15) stockholders of the. said
corporation; they shall be elected
annually at a general meeting of the
stockholders, held for that purpose
at the banking house Of the corpOr-
alton on the Second Tuesday in the
month of January in each year, COM
mencing in January 1928; previous
notice of at least ten days shall be
given Of each election by publ
cation in a newspaper published in
the Town of st. Joseph, Louisiana,
and by personal letter, deposited in
the ordinary mail, addressed to each
shareholder in the corporation as
shown by the books of the corpor-
alton twenty days prior to the Said
election. The said election shall be
conducted by three stockholders, not
directors, to be appointed on the
day Of election by a majority Of the
stock present or represented by
written proxy, and at each election
the persons receiving a majority Of
the votes cast shall be declared duly
elected and shall take their seats ct
once; but should no election take
place on the day fixed, from any
cause, the President shall cause IN
election to be held as soon as pos
sible thereafter, after ten days no
tice published in a newspaper in the
Town Of st. Joseph, Louisiana.
All directors elected shall remain
in office until their successors are
duly elected and have taken their
seats.
In all elections of the corporation,
each stockholder shall be entitled to
one vote, either in person or by
written proxy, fer each share Of
stock held by him or her, provided
the person SO offering to vote shall
have owned his or her stock at least
thirty days prior to the date Of voting
At the first meeting of the Board
Of Directors after their election
they shall elect from their owr
number q President and a Vice.
President. The said Board shall ap
point a cashier and such other en-
ployees as they may deem necessary
and proper for the transaction of the
business Of the corporation, and may
delegate to their agents, officers Of
committees Of Their own body sucl
power as they may think proper anG
expedient, and shall have power t.
dismiss all officers, agents and EN-
ployees at pleasure; and shall define
their duties and powers and require
good and solvent bonds of them II
some corporate surety company
they shall fix the compensation Of
all officers, clerks and employees Of
said corporation, and adopt such by
laws, rules and regulations for the
government of the corporation ant
the transaction Of its affairs as they
deem fit and as are not in conflie'
with this act Of the laws Of this State
The Board of Directors shall hav,
the power to fill all vacancies caused
by death, resignation or other cause
and five (5) members Of the Boart
shall constitute q quorum for thu
transaction Of business.
ARTICLE v.
The President, and in his absence o.
inability the Vice-President- shall b,
the proper person upon whom al
citations and other legal process o.
notices shall be served.
ARTICLE vi.
The said corporation shall com
mence business on or before the Is
day Of March, A. d. 1922, and shall
exist for q period Of fifty year
from date, unless sooner dissolved.
ARTICLE VII.
The names and places of residence
of the shareholders, and the number
Of shares held by each Of them
are as follows:
Name Residence Shares
j. P. Allen st. Joseph, La. rs!
Chas. B. Allen Newellton, La. 10(
w. w. Burnside Newellton, La
Frank Lombardo Newellton, La,
Jason Taylor Newellton, La.
C. v. Ratcliff Newellton, La.
Thos. NJ. Wade, Jr., st. Joseph, La
NJ. w. Bland Point Pleasant, La.
H. & ]. Isaacs Neweilton, La.
L. de Vries Newellton, La.