The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-07-25

elect from their number President and
/ Nice-President, a Secretary and Treasu-
rer, and a General Manager and such
other officers as may be provided for in
the bylaws of this corporation, End said
| Board of Directors and their successors
| shall be authorized to appoint from time
| to time. such other officers, agents and
employees as they may deem necessary
| to the proper management and carrying
out of the business of the corporation,
| and shall likewise fix the compensation
of such agents. officers and employees,
and shall have the right to establish such
bylaws, rules and regulations which
| may be deemed requisite for the support,
management and regulation of this cor
| pOratIon.
! At ali meetings of the stockholders
each stakeholder shall be entitled to one
vote, in person or by proxy, for each
| share of stock held by him or her. The
| Board of Directors by resolution passed
| hy tWo-thirds majority of the whole
! Board, may designate three or more d.
rectors to constitute an executive COM
| miltee. which committee to the extent
| provided for in said resolution or in the
bylaws Of the corporation, shall have.
and may exercise. the powers OF the
Board of Directors n the management OF
| the business and affairs of the corpora
| ton, and stall have the power to author
| ize Ihe seal of the corporation to be at
fixed to al papers which may require it.
The first Board Of Directors hereinaf-
| ter appointed, shall as soon as conven-
! lent provide 4 system of bylaws for the
management of the BUSINESS of the cor
! poration, and provide therein for the
| necessary officers and agents required
| for The corporate business and affairs as
we'll as such other rules as may be need
! tUi and proper for the carrying out of the
| objects and purposes. Until the first
annual election held under the charter as
| hereindDove provided for, the following
| Board of Directors and Officers shall con-
| stitute the Board Of Directors as well as
The officers, respectively Of this corpora
| ton. tG-wit:
| BOARD OF DIRECTORS
| Eugene Houssere, Arthur Latrielle,
Donelson Gallery, Donelson Gallery Jr.,
J. Sully Martel. and Ismerie F. Latrelle
| OFFICERS.
| Donelson Gallery, PRESIDENT, Eugene
| Houssicre Vice-President, A. Latrielle,
Ind Nice-President. j. Sully Martel.
Secretary and Treasurer, Donelson
Gallery Jr., General Manager.
ARTICLE VI.
Whenever this corporation is dissolv-
ed either by limitation of it's charter or
from other cause its affairs shall he
| liquidated by three commissioners ap-
pointed from its stockholders at
| meeting of the stockholders convened
after notice mailed to said stoc kholders
/ ot Iaact f.,r Laf vvpootirv
and published once a week for four sue
cessive weeks. in one of the weekly
newspapers published in the Town of
| Franklin, Louisiana, and elected by
! three-fourths of the entire capital stock
present or represented at such meeting,
Said commissioners shall remain in Of
flee until the affairs of the said corpo-
ration shall have been fully liquidated,
and in case of the death of one or more
of the said commissioners. the other
commissioner or commissioners shall be
authorized to complete said liquidation.
| ARTICLE VII.
This act of incorporation may he
| changed, amended, modified or altered,
or said corporation may be dissolved with
the assent of three-fourths of the own
ers of all the capital stock represented
| at a general meeting of the stockholders
OF said corporation to be convened for
such purpose after forty days notice by
mail, and published once a week for four
successive weeks in weekly newspaper
published in the Town of Franklin,
Louisiana. the capital stock of the said
corporation may be increased or decreas-
ed upon assent Of three-fourths of the
amount of the capital stock of said cor
poralion voted at Il special meeting held
for such purpose after forty days notice
shall have been given by advertisement
published in said town as above, and
after forty days prior notice in writing
By mail Or personal service on each
sIockholder. or by written consent Of
each stakeholder.
ARTICLE VIII.
No stakeholder shall ever be held liza
bic for the contract or fault of this cor
poration, except to the extent of the
amount which shall remain unpaid. on
his or her share of stock, nor shall any
mere informality in organization of this
charter have the effect of rendering this
act of this corporation null or OfexpOs-
ing any stakeholder to any liability
| whatever.
In faith whereof the seven aforesaid
appearers have signed these presents on
the aforesaid day and date in the pres
ence of j. Gabriel Martel and Arthur
Martel, competent subscribing witnesses.
and me, said Notary, after due reading
of the whole.
| DONELSON CAFFERY,
| ARTHUR LATRIELLE,
! EUGENE HOUSSIERE,
| J. SULLY MARTEL,
| d. CAFFERY. JR..
| TSMERIE F LATRIELLE