The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1902-08-02
CHARTER.
United STATES Oy AMERICA
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Article II.
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ARTICLE w
TIE capital stock Of til. corporation j. axes a.
he szEa Ut Pavs ThoussEd Dslls-. IS go co. " hsef
ne par v.iae IF Tea D,Els-. fsls1gj pr .s.s-s |
wEieh shall b. paid IA a. the BoArE If Df-resoys
hail require. All stock shall D. psA for Ia cz.h
4 stieh TINE. and n sDch an osEts zy t E1ed
" the E1aEd ct D.scseT., o. Lazy b i.szest
8 igt lies tssza par for ialsr dOoe- .ezTiee. reg
i<ssd o. rssney ~ property actually revived o-
b .ad o<p.rssSH- Al siLzre. Of /
tax hoders shaI have the night If seIliax zny ~
be shares bed By hfzn sith1zt having rr-- Of
cred the sznas In Writing 10 the corporation 1
Er1uzh II. E1sfh of Drsetos.- AMI szid Bozr-i
hall have the p-fviiege Of p1rehz.iDz aid shares
rithin Thirty 90 dAys thereafter fsr ezsb A.
ss.r book value according to the iuve1s;0ry Js.t
aAce No psersn shall bod stork unless Dy and
nth the conssE. Of the Bozrd Of Uirscror
AKTICLE V.
All the c0rporzte powers Of this ergsvsauy and
be Management and oo8frol of il. bu.iness shall
= vested In an exercised By Board Of Directors
0mposed Of beven ~ stockholders To he e,ess.si
nnuaIIy, majority u whom sfzIl Constitute
no1un for the Transaction Of basiness Said II ard
aziL- Immediately after it, election seIees frrrp
. members Presieoaf, yics-Pre.;dert. = =.
'etssy and Treasurer. Each s;oekhoIder shaH
2 entitled " one vote On every share owned b.,
IN and said election shall b. beh under such
lies = shall be pruvided By the Beard Of Direct.
~ The hrst Board Of Director. a. herein con-
,ituted shall BE- composed Of John e. Lewis J1.-
pa BiYg, =. Z. Robertson, z. 4. Hanson. r. r.
,srs, Thomas Etdin and w. T. peserrnsn. by
b0m the following osfieers we're elected John |
LsviA President, Joseph Brig Viee,Presideuf |
4 kSbsrtson, secretary and Z. A. Hanson |
The said Pearl snail continue In Office rutii
err sucoesaDrs are elected and qualified but a |
HIRE TO elect shall No; constitute fgfeitsre of
is charter nor shall any mere inforrnality herein
we such effect,
Any vacancy occurring On the Board Of Direct
SHAN Be- hiied BY the remaining Director, but |
euccsssos shall BE- elected only for the uriex- |
The election Of Directors shah be held Oh the !
g g, Monday N March Of each year, after notiee
DtsDed foF Thirty 30J days previous in q week ;
nswspspeR u the Town of Franklin
Inc mAnAEexB shall. with the consent of the y
esd have the right 10 appoint snd discharge !
On employees ~ they deem exfedient for tie &
vi management Of the business Of said corpo- | !
The dntiesd the Vice, President Of saa eorpor