The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1902-11-29
GARTER.
UNITED STATES OF AMERICA.
STATE OF LOUISIANA.
Parish of ST NJ


, uerslsned, personally came and appeared
the several persons whose names are here
unto subscribed, all of full age of majorit.
!, | and residents of the parish of st. Mary, Stat
of Louisiana, who declared that, avuilin:
| themselves of the provisions of the laws 0
the State OF Louisiana relative to corpora
tons OF limited liability, they did and dt
ny these presents covenant and agree ant
| binds and Obligate themselves as well rs al
| other persons who may hereafter become as
ISOLATED with them to form and constitute
ana do hereby form and constitute, IL cor
poration and body polite in law, under the
name and style and for the purposes and
objects and under the terms and conditions
stipulated in the following articles, viz:
Article [.
Il The name and title of this corporation is
and shall be the Urban Company, Limited, y
and under that name it shall exist for tho
| period of ninety nine wears and shall hay,
power and authority to sue and be sued to
| contract, to make and adopt Il corporate
! seal, and the same to break and alter at
pleasure to have, receive, hold, lease, pur
| chase, improve, sell, convey, mortgage
| pledge and in amy manner hypothecate pro
perty, both real and personal, corporal and
lncoporeal to appoint and employ such ofii-
| GERS, directors, managers, clerks, agents and
| employers as the interests or convenience
| OF the corporation may require to make and
| adopt such y-laws, rules and regulations
| as may be deemed necessary for the man
| aScment of its affairs. and to change or al
| ter the same ut pleasure; and generally to do
all such other acts and things as may be
| u.c"Sd HCCcSSdIN Ut proper TO carry OUT tnc
| objects hereof
Article H.
| The domicile of this corporation is estab-
| Issued in the Parish OF ST Mary, state of
| louisiana The president of this corpora
! tion, and i'll his absence, the vice president
and in the absence of both, the secretary, is
hereby designated as the proper person up-
on whom citation and other legal process
shall be served.
Article ILL.,
The objects and purposes for which this
corporation is formed and organized,
and the nature of the business to be carried
on by 1t are declared to be: to OPERATE and
conduct Il hotel business. and to this end to
be deemed proper for its business or TO leu Sc
the same; to repair, improve and reconstruct
such property or building thereon; to oper-
convenient to the hotel business: and zen.
orally TO do any and all things Which may be
IN any manner pertinent or incidental to
said business.
Article ".
The capital stock of this corporation is
hereby fixed at Ten Thousand Dollars, di-
vided INTO and represented by One Hundred
CO0l shares of the par value of One Hundred
Dollars tSlO00O) each; fifty per centum 80
per cent of which stock has been fully paid
Tor, and the balance of which shall be issued
at such times and in such amounts as the
board OF directors may determine at IL special
meeting called for that purpose after thirty
days written notice to each member ONLY for
money or property actually received. suf
1cient amount of capital stock having been
fully pad in, this corporation shall com
mence business immediately after its incor-
poration. The capital stock of this CORPORA
ton shall be transferable only by registry
upon the books of the corporation by the
secretary or under his direction.
Article V.
All Of the powers of this corporation arc
vested in and shall be exercised by a board
or directors to De composed of not less than
three nor more than seven ockhOlderS and
a majority of said directors shall constitute
Il quorum for the transaction of business and
a majority of the members of any meeting
thereof shall control and constitute valid
binding act and obligation of the corpo-
ration; The first board of directors shall be
elected on the fourth f4thl Monday in the
present month OF November. 1902, and they
shall hold office until the fourth Monday of
November 1908, on which date, and on the
fourth Monday OF November of each subse.
qnent year, board of directors shall be
elected unless said fourth Monday shall be II
holiday, in which event the said election
shall be held on the next legal day thereaf-
ter. sad elections shall be by ballot, to be
cast either i'll person OR by proxy i'm " ritinu.
and each stakeholder shall be entitled to one
vote for each share of stock standing in his
name upon the books of the corporal ion, and
a majority of votes shall elect On the same
DAY anu immediately after said election the
directors elected shall organize themselves
INTO board and shall elect from among their
number president. avice.presidcnt and a
secretary and treasurer may be occupied by
one and the same director
All Officers and directors shall remain in
office until their successors shall have heen
elected and qualified and in the event that
an election is not held on the day specified.
from any cause whatever. the same may be
held on some day thereafter to be designated
by Il majority of the board of directors
Article vi.
Til" board o. directors shall have power to
NIL all vacancies occurring in their number,
and must DO SO promptly as they may occur
from any reason whatsoever The board of |
directors shall appoint such managers
clerks, agents, servants and employers as
may be necessary, and fix their compensa.
non ana such employees generally shall!
the Board to discharge them at pleasure
Article VII.
This charter may be amended or alt, red or /
The corporation dissolved at Il meeting of /
the stockholders convened for the PURPOSE
and according to law, with the assent and
vote OF two thirds or more of the capital
stock present or represented by written
proxy at such meeting; provided prior no.
ice of such meeting shall have been given by
publication in one of the newspapers pub.
ished in the town of Franklin, Louisiana. and
by written or printed notice mailed to each
ana every stockholder, fully thirty DAYS
previous to such meeting.
In case OF the dissolution of this corpora. |
ion by limitation of its charter, or other
Wise. the liquidation of its affairs shall he |
conducted and done by two commissioners
elected by and from the stockholders with
he same vote and assent as set forth above
n TINS article; and the compensation of said
shall be fixed in the same |
manner and ut the same meeting.
Article VIII.
stakeholder of this corporation shall
lever be held liable for the contracts, faults
'r obligations OF this corporation, in any
urther sum than the unpaid portion of their
took subscription, if any; nor shall any
nformality in organization have thelsfect Of
endering this charter null nor of exposing
my stockholder to any liability beyond the
unpaid balance, if any, due on his stock.
The subscription hereto, for the amounts
II stock placed after the name of each sub
criber, shall constitute the original stock
Thus done and passed at my office, in the
own OF Franklin, Parish of st. Mary, State OF
louisiana, on the day and date hereinabove
rst mentioned, in the presence of Walter y
Aemper and Thomas D. Hine, two CONNIE. |
ent witnesses, who signed these presents
'ith said subscribers and me, said Notary,
fter due reading.
Signed:
WI. 9. BAKER, subscribes for II shares