Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-03-10

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for the management of the affairs of
the association as may be necessary
and proper and in conformity with
the provisions of the law ana 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 w.
All the corporate powers of this
association shall be exercised by a
Board of Directors, composed of fif-
teen u5) 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 q majority of the
stock present or represented by
written proxy, and at each election
the persons receiving q majority of
the votes cast shall be, declared duly
elected and shall take their seats at
once; but should no election take
place on the day fixed, from any
cause, the President shall cause an
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
CT Directors after their election,
they shall elect from their own
number 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 such
power as they may think proper and
expedient, and shall have power to
dismiss all officers, agents and en-
ployees at pleasure; and shall define
their duties and powers and require
good and solvent bonds Of them in
some corporate surety company;
they shall fix the compensation Of
all officers, clerks and employees of
said corporation,an adopt such by
laws, rules and regulations for the
government of the corporation and
the transaction of its affairs as they
deem fit and as are not in conflict
with this act of the laws of this State.
The Board of Directors shall have
the power to fill all vacancies caused
by death, resignation or other cause,
and five (5) members Of the Board
shall constitute quorum for the
transaction of business.
ARTICLE v.
The President, and in his absence OF
inability the Vice President shall be
the proper person upon whom all
citations and other legal process OF
notices shall be served.
ARTICLE VT.
The said corporation shall COM
mence business on or before the LIST
day of March, A. d. 1922, and shall
exist for a period Of fifty years
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. 259
Chas. B. Allen Newellton, La. 1OO
w. w. Burnside Newellton, La s
Frank Lombardo Newellton, La,
Jason Taylor Newellton, La.
C. v. Ratcliff Newellton, La.
Thos. M. Wade, Jr., st. Joseph, La s
NJ. W. Bland Point Pleasant, La. /
H. & j. Isaacs Newellton, Ia.
L. de Vries Newellton, La.