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Ste. ft. The business of tlio Corporation shall he conducted nt It* domicil in the town of Clinton hy n Hoard composed of twelve Directors. A quorum shall consist of at least flvo Directors. The dir.»• tors shall elect one of their lioily. as President of their Company, at their first meeting1 after their election, No person shall he eligible as a director, who is not a share holder. At till elections by slock holders, sind nil their meetings, each share shall Incut it led lo on. vote. Votes inuy to given in person, or in nroxy. Thu President of the Company Is the officer designated as the one on whom legal service of all process or citation against the Company, may he mode, and Ihe t’ompnny agriv* to be hound hy service o I processor citation whn her made oil the President in per-mi. or left to hlsnddrcKsat thooMcc Of the Company, in tin? hand of my or its nificer*Sm.Ci. The first Hoard of Directors shall he chosen as noun asihc list of «ul»Kcri|it ion shall In* cloned. Tin* notices of lit*1 oleotlon of th.» lirst Hoard of Di rectors, shall he given hy publication made hiteen davs in advance in one uewqiapir in ihocity of New Orleans, and one in the town of Clinton, and the elect Isn shull lie held at the time and place designated hv the commissioners churgcd with receiving t h»* subscriptions.The fir*t election shall be held under the -upcrin-toiule n-i: of the comiuimioiicra aforesaid, who shall rclcct three of I heir number, for that purpose. All subsequent • lections under the superintendence ofthri minissioncr.* to be nupo tiled from amongIhe ••I •ekholder* hy the Hoard of Directors for the time Mug. '1 lie first Hoard of Director* shall hold olfic** until Hi. lirst Monday of May, oftlievcur eighteen luiidred and lllly-slx. The election shall he an-mini, md cuehsuhscnucnl board of director* shall be elected on the third Monday of April. A failure t.. eh-ct directors, shall not dissolve tin* corporation, hut the Hoard in office duill continue tbecvr-veise of it* functions, until u new Hoard can he elected. All notices of elections and meeting of shareholder*, after ihe first election of director* above provided for. shall bo given by puhllcutimi. fifteen day* in advance In one newspaper In Ihe city of New’ Or-lean*, undone in tin: town of *’Union.Str. 7. The following named persons nra hereby appointed commissioner* for the purpose of receiving subscription# to the stock of said corporation*to wit:
Newspaper Details
The Feliciana Democrat
Clinton, Louisiana, US
Sat, Sep 01, 1855
Page 1
Full Page
Clipped by
East B.
LA, USA 16 Dec 2020
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