Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-02-10

any property or otherwise, with all {
the powers now or hereafter conf
ferred by the laws Of the State of |,
Louisiana upon corporations organ
ized under the Act herein referred to.
ARTICLE Nv.
The authorized capital stock Of this
is hereby declared to be
tie sum Of five thousand dollars
$5,0O0.00) to be represented byI'
two hundred (200) shares of
dollars ($25.0O) 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 un-
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-half its
capital stock, 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 five|
(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 a
president, q vice-president 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
as in their discretion they may deem
best, if not inconsistent with the OBJ
jects Of the corporation and the vel
fare Of the same, said board Of d.
'Irectors shall have the further power
to make, alter and annul such bylaws,
rules and regulations for the govern
ment Of this corporation ~ they may
think proper.
The said board Of directors shall
have the further power to appoint al
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 hereir
provided for.
Any vacancy occurring on thu
. Board of Directors shall be filed By
the remaining members Of the sal.
Board for the unexpired term at an.
meeting Of said Board Of Directors
8 ARTICLE vi.
The Board Of Directors Of this cor
8 roration il hereby fxed at live ant
: shall be composed Of W. u. davidson
r Thomas N. Wade, Jr; A. 3. Ratcliff
a 4. u. Whitney and J. G.. Macpherson
, aid tie said Board Of Director
q stall serve until the frs. meetir,
d Of Stockholders for the election O
a directors, or until ito successors ar
Il elected, qualified and installed.
u ARTICLEVII
NJ On the first Monday in January
yI192S, and annually thereafter on tn
,, first Monday Of each year, q meetin
r Of the stockholders Of this corporation
'eI shall be held at its domicile for tn
Of electing directors for tn
lt| ensuing year. The failure from an
p cause whatsoever to hold annual meet
Is ings Of the stockholders or the fai
h ure to elect directors thereat sha
le not dissolve this corporation, but tn
directors and officers then in ofic
shall remain in office until their SUI
N eessors shall have been duly electet
u qualified and installed.
ID Special meetings Of the stockholde'
y may be called in the manner pr,
t, vided by law and the board Of d
N rectors may be increased or reduce
u in number, and partly or entirely r.
L moved by any such special meetin
e. Of the stockholders. All stockholdel
meetings shall be held in accordant
% with and in manner provided by Il
% bylaws Of this corporation hereaftt
he to be enacted.
of ARTICLE VIII
IN This charter may be amended IN
ae the capital stock Of this corporate
% may be increased or decreased {
!. this corporation may be dissolved
the method and manner provided
law.
e. ARTICLE TX.
II No stakeholder Of this corporatio
:: shall ever b held liable or -respol
sible for the contracts or faults