The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1901-07-20

| ShHii AZ ANU ttSttu III
Board Of Directors to he composed
seven CO share holders and the Presider
TO be elected by l,;. lot on the i-st Monda
II May, 1902, and on the CORE spondin. da
OF each year hereafter lat general meetin
of The stockholders, il said day shall here
after fail on legal holiday, the said meet
ing shall he held on the next legal da
! following, sn!d shareholders shall, be mott
| tied by publication in a weekly pape
published In Franklin, Ia, for thirty day
! preceding such election. At such election
q majority Of votes actually east >hal
elect, and each stakeholder shall be emit
tied TO cast, either personally or by proxy
one vote for each share owned by him, blu
no stock shall be transferable within tel
| t10) days preceding an election. In cas-
| of the failure to elect Directors. for An,
cause whatsoever, the corporation shall
not thereby become dissolve. but the Di
rectors and officers shall continue in Ottic,
until she next general annual election. OF
| until their successors are elected, qualified
| and !n;uc:ed into office.
ARTICLE vi.
| The officers If this corporation, to be-
| elected by the Board OF Directors, shall
consist of Il President, who shlll be EN.
Officio Chairman of the Beard Of Directors
! Vice e>ideni, a Secretary and Treas.
| urer, and such superintendent, oyerseers
! managers, clerks, and other employees a.
they may deem advisable. And SAID Board
of Directors shall also have power to til
any vacancies occurring in their number
for any cause whatsoever, and also &c
make, adopt, amen !, alter or abolish such
rules, regulations and bylaws rs they may
deem necessary or proper Or convenient
fo- the proper management of this cOrpo-
ration, and also to define the duties and
obligations and Responsibilities, OF each md
every Ofhccr, manager, superjnt endtnt,
or other employees, to fix their bonds and
to accept or reject the same, TO Tx ,he
rates OF salaries and wages, to purclt. se
necessary machinery, tanks, piping, eve,
to fix freight rates, prices OF the products
OF the operations of the company, to up
point or designate the officer or agent Who
shall execute mortgages. or procure .easeS,
options. seryitudcs, purchase the rights OF
boring and prospecting for oil and miner
ais, to make sales, deeds, pledges and other
cOnyeyanceS and alterations. They shat!
also have general power to do and perform
any and all acts which they may deem
proper lii the ADM uistratiOn and manage.
same Il if each act were specially dele
gated; and they shall be permitted so to
do either directly or through such officers
and agents as they may select either for
general acts or for such special act.S Three
80 members of the Board of Directors
shall constitute O quoru!l for the trausac-
ton Of business, but stockholders who are
absent or unable to attend may vote by
proxy in writing, given either to a member
Of the Board or any other stockholder.
ARTICLE VII.
Until the next general election to be
held under this charter. i. e., until the first
Monday in May. 1902, the Board of Direc.
tors shall be composed OF DOnelsOn CAT
fiery, Joseph A. Loret, Alfred A. Fusciier,
Jr.. Mathew Bell, 4. NJ. Underw God, +
William Dreibhoiz and J. +. Britain. Ar
thur A. Bonviilain shall be President Of
this corporations; Hon. Albert C. Allen
shall be President; Francois =. Per
ret shall be Secretary; siathew Bell shall
be Treasurer, and j. Gabriel Martel, As
sistant Secretary and the said constituted
Board and the said officers shall serve un-
til their respective successors may be
elected and qualified
ARTICLE VIII.
The Board Of Directors as hereinaboye
constituted or as NAV be hereinafter con-
stituted or composed, shall have power to
borrow money and to secure the payment
and reimt urscment thereof by mortgages
and pledges, and in any manner to encum-
Der the property of this corporation either
present or future. movable or immovable,
corporal or incorporea! and especially to
pledge or otherwise dispose OF or cncum-
Der the franchise ard privileges Of this
such loans may be evidenced by
bonds Of this corporation to bear interest
at a rate not to exceed eight per cent, ana
not to exceed in amount Two Hundred
Thousand Dollars and to be issued in such
numbers and in such denominations as the
Board may deem proper and to run for
period not to exceed forty years.
ARTICLE TX.
Whenever this corporation is dissolved
either by limitation or otherwise, its af.
fairs shall he liquidated by three commits
sioners to be appointed for that purpose
at meeting Of the stockholders to be
called after thirty days notice by publica-
ton in i weekly paper published in the
town Of Franklin, Louisiana, said cOmmis-
sioners shall remain In office until the af-
fairs are entirely liquidated. and in the
ey ent OF TIE death Of one of them his sue
cessors shall be elected by the remaining
Commissioners.
ARTICLE
No stock holder of this corporation shall
ever be liable or responsible for any debts
of this corporation, either for its faults or
contracts or those of its officers or employ
ees, except to the extent Of the balance
which may be due and owing to the cor
poration on the subscription for stock, nor
shall any mere fOrmality in the Organiza-
ton have the effect Of rendering and stock
uOluSt flaUiC lOl tHt
due upon his stock.
ARTICLE XII
This charter may be amended, altered,
changed, or the corporation dissolved,
with the assent OF the owners Of three
fOurths Of the capital stock and i majority
of the stockholders actually present and
voting, at q meeting OF the stockholders
conv ened after thirty days notice by pub
LEGATION in any weekly paper published at
as aforesaid. And all Of the meet.
ings Of this corporation shall be held at its
Office or that OF its Secretary, which shall
be kept in the town OF Franklin. louisiana
And the capital st 'ck may be increased in
the manner provided for altering charter
Thus done and passed at my CHI &c in the
town of Franklin, Parish of It. Mary.
on this Sixth day Of May, A. b.,
Nineteen Hundred and One U9Ol) in the
presence of Emmett Alpha and Alfred &.
Barnard, two competent witnesses, who
sign these presents with said appearers and
me, said Notary, after due reading.
Douelson Gallery A A Bonvillain,
Jos. A. Loret, i. A. Fuselier, Jr,
w. X. Wilson, Mrs. Jules Ducros,
+. L. Ferret. J. Suily Marsel.
l.. A. Mendoza, A. C. Allen,
f. Richard, +. G. Viguerc,
IL. Delhaye, DR.. L. +. Pecot,
$. q. Meiancon, K. X. Cooke,
Arthur q. Martel, Joseph L. Johnse u,
VIM. NJ. Petrie, J: Gabriel MartoA,
Isaac popkin. John 3. Roberts,
L. A. Deiahoussaye, U. =, Ferret,
Isaac s. Wooster, Alfred pecot.
Mrs. A \ Fuselier, jr Jno Il ParkersOn,