The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1901-05-18

Directors may determine. The rom,
may commence business rs soon as pT1ny
Thousand Dollars tslb,tAtl of ,ba - let
shall have been subscribed and p,d fa u0
money, and the money in the Traa ,uim
The capital stock can be Increased ~ WY
vlded by statute. No trah>fr- NJ pao'
shat! be valid Unless made on III, h,otSa.
the corporation. No ,tyckloGers ~ -,
company shall! have the RICH, 10 vo,a WI, "a.
same at any meeting Of the Board of IN 1ls
rectorS or stock holder> llnles, he !. ~
bona file owner thereof and had tho ~. VT
transferred to him Oh the book. a, a lux
Corporation ut least Thirty ray, precsS
ing sad e'CctiCu. rN'u'
AETIcLEV
All corporate powers of this |orporst,,,
shall be vested in Board Of Director. ~
be composed Of nine stock holder. iy. ~
whom shall constitute & ,;nor.m for tba
transaction OF any hV>inrs hn,o-p sa;d
Board; they shall he elected on the ar',
MONDAY in May OF tn" year $50. and nm
nually thereafter, and IN. direcior. sn3
officers named in this charter and .)er,sd
hereafter shall hold Office unit their sur.
cessors are elected and qualified. Tho
election shall behy ballot and each SHARE
OF stock shall be entitled to one vote Ths
Board OF Directors shall aaopt such nv.
laws and regulations as best suited for tho
interest and promotion OF the affair. Of
SAID company and by which it, affairs shall
be regulated and conducted be officer,
OF SAID Corporation shall be a President.
Vice President. Secretary and a Tress.
urer. Until the first election. the follow.
ins Stockholders shall constitute The Board
OF Directors. to-wit: Joseph Brig, Mat.
thew Bell, Henry :. Palfrey. John c. Lewis
I. W. Coleman. {. q. Rogers, &. +. Horab
John X. Todd and r. :. Martin, of which
Joseph Brig shall be President. John 4.
loud Nlce-'reSident. c. q. Hocer. Secrp.
tary and Henry :. pa'.rey Treasurer, aud
the Board of Directors shall I'll, any yac1n.
cy occurring among their nl.m1cr.
meeting of the Borrd Of DlI ector, NAV be
hai at any time on the call of the Presid.
ent or by two directors upon .uca uotics
being given as the by.laN> may REQUIRE
Inc aunua! meeting Of the Board Of hi.
rectors snail be held al its domlcie on The
first Monday Of May Of each year.
ARTICLE VI.
No stockhOiuer shall ever be held llubje
or responsible for the contracts or faults
OF this corporation IN any further sum
than the unpaid balance due 10 the CON.
pany on the shares held by him: nor .bal
the mere lnformaiity in organization have
the effect Il rendering tAi, charter null or
exposing is stockholders to any LIABILITY
beyond The amount Of his stock.
ARTICLE VIII.
THIS act Of !ncorporat on may lie amend.
ed with the assent of three .tolr,h, of the
capltal stock represented at "A general or
special meeting convened after the notice
required 10y law, the same to be published
IN paper published within the Parish Of
lis toln!clle for at least thirty days, and al
additional notice sent by mail 1T least ten
days prior 10 said meeting. or it may be
dissolved at Il Ike meeting upon vote oil
three. fourth> Of the stockholders.
ARTICLE VIII.
Upon the dissolution of this Corporation
by limitation or otherwise, its affairs shall
be liquldated by three commissioners to
be appointed by the stockholders, who
shall Tx their compensation.
ARTICLE IX.
Thus done and passed at my office in The
Parish OF ST. Mary, Louisiana, on the date
lrsf above written ana in the presence Of
Marcus Walker and Geo. Il. O'Nieli, two
Competent witnesses, who have signed
he>e presents with the contracting parties
Notary, after iue reading.
Originally >igncrs:
JOSEPH BIRu.,
T.. ). MARTIN,
NJ. BELL,
Z. q. kUGERS.
JOHN c. LEWIS,
CLAYTON w. COLEMAN
r. d. MARTIN.
JOHN Il. TODD,
{. r. BORAU,