Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1922-03-16

point an Executive Committee, COM
posed of not less than three nor more
than five of their number to act Tor
the corporation and take any and all
steps necessary from time to time 70
protect its interests between regular
meetings of the Board of Directors.
And the actions of this Executive
Committee shall be binding acts OF
this corporation.
ARTICLE VII.
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 land a
majority of votes cast will be re"
quired to pass any resolution or de-
eide any question submitted to the
stockholders, except for the altera-
ton or amendment Of this Charter or
the dissolution Of the corporation.
The Board of Directors shall have
the power and authority to make all
rules and regulations for the man.
agement and control Of the corpora
ton, and shall have power to fill any
vacancy occurring in their number
from among the stockholders, if regu-
larly qualified. A majority of the
Directors voting at one time shall be
required to pass any resolution or
adopt any bylaws, and seven Direc-
tors shall constitute a quorum.
ARTICLE VIII.
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 fiji
teen days before such meeting, pro-
vided that stockholders meetings
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 x.
This corporation may be dissolved
or the Charter modified or amended
as required by law.
ARTICLE XI.
No stocholder shall ever be held
liable or responsible for the contracts
or faults of this corporation in any
way further than the unpaid balance
due to the corporation on the shares
Of stock owned by him, nor shall any
mere infOrmality in organization
have the effect of rendering this
Charter null or exposing a stockhold-
er to liability beyond the unpaid bal
ance 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 it's next regular monthly
meeting shall either accept his offer
or reject it, which shall be made to
appear on the minutes of the corpor-
alton, after which he may sell to an
other party, if the corporation does
not buy his stock. Stock sold in any
other manner will not be considered
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 divi-
dends and other benefits of a stock
holder.
ARTICLE ".
The Board of Directors may, as
they see fit, select 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,
lO0SSSS88s q 49,
81 Z