The St. Mary banner., 1902-12-06
GARTER.
UNITED STATES OF AMERICA. !
STATE OF LOUISIANA.


Parish of St. Mary.
| BE it known that, on this nineteenth (l9thl
day OF November, A. u. Nineteen Hundred
| ana TWO (l")2). before me, John X. Parker
| son. a Notary Public, In and for the parish
nf ST. Mary. state OF louisiana. duly con
! MissiOncd and qualified, and in the presence
OF the witnesses hereinafter named an un-
| ucrsSncd. personally came and appeared
| the several persons whose names are here.
| unto subscribed, all of full age OF majority
| and residents OF the parish of ST. Mary, state
OF Louisiana, who declared that. availng
| Themselves of the provisions of the laws Of
| the State OF Louisiana relative to corpora
| tionS of limited liability, they did and do
| by these presents covenant and agree and
! binds and obligatc til. 'nsclycs as well as all
| other persons " ho MAY hereafter become as
| sOciatcd with them to form and cOnSttutc
| and do hereby form and constitute, u cor
poration and body polite in law. under the
ntlnc and style am for the purposes and
objects and under the terms and conditions
stipulated i'll the following articles, viz:
Article [.
| The name and title of this corporation is
and shall be the II rban Company, Limited, :"
ana under that name it shall exist for the
period OF ninety nine years, and shall have
power and authority to sue and be sued, to
contract, to make and adopt Il corporate
seal, ana the same to break and alter at
pleasure: to have, receive. hold. lease, pur
chase, improve, sell, convey, mortgage
pledge and in any manner hypOthtcatc pro
pcrtN, both READ and personal. cOrDOrral and
GERS, directors, managers, clerks, agents and
employees as the interests or convenience
"f the corporation may require; to ma '>c and
adopt such bylaws, rules and regulations
rs may be deemed necessary for the rnun-
agclnent OF its affairs. and to change or al
Ter thc slIlcat pleasure; and generally to do
all such other acts and things a. may be
deemed necessary or proper to carry out the
objects hereof
Article II.
The donic'lc Of this corporation is estab-
lISh hs.I 1b..rs. IL,
Louisiana The president of this corpOru-
ti"n. and in his absence, the vice-prcsidcnt,
ANA 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 uryaniZc,l
and the nature of the business to be carried
on 10y it are declared to be: to operate and
conduct Il hotel business. and to this end to
purchase such hotel property as NAV
be deemed proper for its business or to lease
such property, or building thereon; to oprr-
ate surh vehicles rs may be necessary or
convenient to the hotel business; and gen
orally to do amy 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-
(lOOl shares of the par value OF one Hundred
Dollars (slOOOU) each; fifty per ccntum 80
per cent. OF which stock has been fully paid
Tor, ana the balance Of which shall be issued
at Suth times and in such amounts :s the
board OF directors may determine ut Il special
meeting called for that purpose after thirty
days written notice to each member, only for
mGneyo or property actually received. 4 suf-
hcient amount of capital stock having been
fully paid in, this corporation shall COM
ncnce business immediately after its ncor-
ti"n shan. be transferable only by registry
upon the books of the corporation by the
secretary or under his direction.
Article Y.
All of the powers of this CORPORATION are
vested in and shall be exercised by "A board
OF directors. to be composed of not less than
three nor more than seven stock ckhoIdcrs. and
i majority Of said directors shall constitute
Il quorum for the transaction of business and
Il majority of the members of any meeting
thereof shall control and constitute IA valid
binding act and obligation of the corpo-
ration. The first board of directors shall be
elected on the fourth {tth) Monday in the |
present month of November, lHr.. and they
shall hold office until the fourth Monday Of
N"v.in5er. 1908, on which date, and on the
fourth Monday of November of each subsc-
qucnt year. board OF directors shall be |
elected. unless said fourth Monday shall be Il |
holiday, IN which event, the said election
shall be held on the next legal day thercuf- |
ter said elections shall be by ballot, to be
cast either In person or by proxy in writing;
and each stakeholder shall be entitled to one
vote for each share of stock standing in his |
name upon the books of the corporation and |
II majority of votes shall elect. On the same
day and immediately after said election, the |
directors elected shall organize themselves
into Il board and shall elect from among their
number Il president, avicc. president and |
secretary anu treasurer; but the offices OF |
secretary and treasurer may be occupied bv |
one and the same director.
.ill officers and directors shall remain in |
once until their successors shall have been |
elected and qualified: and in the event that |
an election is not held on the dly spccitied
from any caLse whatever, the same may be |
held on some day thereafter to be dcs ignatcd |
by II minority OF the board of directors.
Article vi.
TIL" board % directors shall have bower to
I'LL all vacancies occurring in their number,
and must do SO promptly AS they NAV occur
from any reason whatsoever. The board of |
directors shall appoint such managers.
clerks, agents, servants and EMPLOYERS MS
may be necessary, and fix their cOmpcnsa-
hon; and such employees generally shall
hold their positions subject to the right OF
the Board to discharge them ut pleasure.
Article VII.
This charter may be amended or altered or
the corporation dissolved ut 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 ut such meeting; provided prior no.
tice OF such meeting shall have been given hy
/
ishcd in the town of Franklin. Louisiana and
by written or printed notice mailed to each
md every stockholdcr, 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 be |
conducted and done by two commissioners !
elected by and from the stockholders with |
hc same vote and assent as set forth above
II this article; and the compensation of said
shall be fixed in the same
manner and ut the same meeting.
Article VIII.
\ stockholdcr of this corporation shall
lever be held liable for the contracts, faults
'r obligations OF this corporation, in any
urthcr sum than the unpaid portion of their
tOck subscription, if any; nor shall any
in organization have theiefect of
this charter nUil nor Of exposing
my stockholde TO any liability beyond the
unpaid balance, il any, due on his stock
The subscription hereto, for the amount,
II stock placed after the name OF each sub
criber, shall constitute the original stock
Thus done and passed at my office, in the