The St. Mary banner., 1901-05-11

directors may .icterm.ne Tho FAM,
may commence business as soon '".pThy
Thousand Dollars tSlO,uCW of tho ~. .h
shall have been subscribed and p.,il 60
money, ard the money in the Traa.,,.i.n IN
The capita stock can be Increased ~ NY
vidcd by statute. No tra,>fn- ~ piV-
shall be valid Un!e>> made on m, h,otS l'O.n "a
the corporation. No stockholders in nv; VI
company shall have the rish; 10 yo,, tto
same AT any meeting Of the Board of D..
Irectors or stock holders unles, he !. tho
boha ME owner thereof and had the sam
transferred To him Oh the book, of tho
Cooperation ut least Thirty nay, nrrrs%e de
Ing SAID election.
AETICLEV.
All corporate powers of this Hornnr.,,,,
shall be vested in IL Board of Director. ,o
De composed ol nlnt Stockholders. ty. Of
"h"m shali constitute u Iuor.m for the
transaction OF any hG>intS hntn"e >,;d
Board; they Shall lie e.ecte,. on the ,;rs,
MONDAY in May Of the year ,.,a ana an.
nualiy thereafter, and the iirector, and
officers named in this charter and elected
hereafter shall hold office unit their sur.
cesSorS are elected and qualified. The
election shall be by ballot ana each share
OF stock shall be entitled to one vote. The
Board OF Director, shall adopt such nv.
laws and regulations as best suite for tho
interest and promotion OF the affair. Of
said company and by which its stfars shall
be regulated and conducted / he officer,
OF said Corporation shall be President a
wee Ire,l1ent, Secretary and Treas.
urer. tntll the first election. the follow.
in- stockholders shall constitute The Board
of Directors. to-wit: Joseph Blry. Mat.
thew Bell, Henry :. PaIfrey. j ohm c. Lewis.
I. W. Coleman. {. q. Ho-er>, G. f. Borsb
John X. Todd and r. s. Martin, Of which
Joseph Biz. shall be President. j ohm 4.
Ioud Wee president. {. u. Roger, Secre.
tarv and Henry :. l'a,trey Treasurer, and
The Board of Directors shah i'll any yacau.
cy occurring among their nlmocr. A
meetln. OF the Borrd Of Dnector, NAV be
Aal at any time on the call of the presid.
ent or by two directors upon suca notice
being given as the ty.laN, may REQUIRE
Ihe annual meeting Of the Board OF hi.
rectors shall be held AT its domicile on the
hrs' Monday Of May Of each year.
ARTICLE VI.
No stockholder shall ever be held liable
OF responsible for the contracts or faults
OF this corporation in any farther sum
than the Unpaid balance due to the com.
pany on the sh ares held by him: nor ,bal
the mere informaiIty in organization have
the effect Il rendering this charter null or
exposing fs stockholders to any liability
beyond he amount Of his sfock.
ARTICLE VIII.
l his act Of llcOrporat or may e amend.
ed with the assent of three .rotlrlh> of the
capital stock represented at a general or
special meeting convened after the notice
required 10y law, the same to he published
in paper published within the Parish Of
It's rom!clle for at least thirty days, and al
additional notice sent by mail 1T least ten
Gays prior TO SAID meeting, or it may be
dissolved al & ike meeting upon q vote Of
three fourth> of the stockholders.
ARTICLE VIII.
Upon the dissolution of this CORPORATION
by limitation or otherwise, It's affairs shall
be liqui!ated by three commissioners to
be appointed 10y the stockholders, who
shall hx their compensation.
ARTICLE IN.
TINS done and passed at my office in the
Parish of ST. Mary, Louisiana, on the date
hrst above written and ia the presence Of
Marcus Walker and Geo. Il. O'Nieli. two
witnesses, who have signed
these presents with the contracting parties
named. Notary, after due reading.
Originally >igncrs:
JOSEIH BitU,
r.. :. MARTIN,
NJ. BELL,
Z. Il. RUGERS.
JOHN c. LEWIS,
CLAYTON W. COLEMAN
r. u. MARTIN. =
JOHN Il. TODD,
G. +. BORAH, y.
Ii. :. PALFREY.
Witnesses:
Il. IL. O'Niell,
Marcus Walker.
CHARLES 4. O'NIELL,
Notary Public