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

any property or otherwise, with all
the powers now or hereafter con-
ferred by the laws Of the State of
Louisiana upon corporations organ
lied under the Act herein referred to.
ARTICLE w.
The authorized capital stock Of this
corporation is hereby declared to be
the sum of five thousand dollars
($5,000.00) to be represented by
two hundred (200) shares Of
twenty-five dollars ($25.00) 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 UNI
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 itsI
capital stock, a 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 thisI
corporation shall be managed and all
corporate powers thereof shall bel
vested in and exercised by q Board
Of Directors of not less than five
~ 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 q quorum.
The said board Of directors shall
elect from among their number =
president, a vice-president and
secretary-treasurer. The Office Of
secretary and treasurer to be COM
bined and filled 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
Ijects of the corporation and the vel
fare Of the same, said beard Of d.
lrectors shall have the further power
to make, alter and annul such by-laws,
rules and regulations for the govern
|ment Of this corporation ~ they may
think proper.
II The said board Of directors shall
have the further power to appoint IL
! agents, clerks or employees and fl
their salaries, with term Of Office
: with the right to dismiss them u
, pleasure and shall further have thu
, right to fix and determine the sal
aries Of the several officers hereiI
provided for.
VI Any vacancy Occurring on tn
, Board of Directors shall be filed b,
the remaining members Of the SAIL
: Board for the unexpired term ct an!
1 meeting Of said Board Of Directors
3 ARTICLE vi.
81 The Board Of Directors Of this cor
8 rorstion is hereby fxed at i've ant
: shan be composed Of W. n. davidson
r Thomas NJ. Wade, Jr; A. 3. Ratcliff
ri 4. u. Whitney and J. &. Macpherson
Fl AID tie said Board Of Director
skall serve until the frs meetipi
d Iof stockholders for the election o
a directors, or until its successors n
i elected, qualified and installed. !.
II ARTICLE VII
a On the first Monday in January
Vices, and annually thereafter on tn
s'lfrst Monday Of each year, meetin
LOT. the stockholders Of this corporation
e shall be held at its domicile for tn
l-|purpose Of electing directors for tn
u ensuing year. The failure from an
= |cause Whatsoever to hold annual meet
; ings Of the stockholders or the TAI
a ure to elect directors thereat sha
e not dissolve this corporation. but th
directors and officers then in ofic
shall remain in office until their SUD
q lcessors shall have been duly electet
"a qualified and installed.
al Special meetings Of the stakeholder
> may be called in the manner prs
~ vided by law and the board Of d
n rectors may be increased or reduce
y in number, and partly or entirely n
L moved by any such special meetin
r. of the stockholders. All stakeholder
meetings shall be held In accordanc
g with and in manner provided by th
81 bylaws Of this corporation hereafte
Re to be enacted.
81 ARTICLE VIII
M This charter may be amended IN
= the capital stock Of this corporatio
'e may be increased or decreased q
:. this corporation may be dissolved
- the method and manner provided b
y law.
e. ARTICLE X.
Il No stockholder Of this corporate
!; shall ever be held liable or respor
sible for the contracts or faults q
this corporation in any further sul