The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-08-01

the surrender Of the original GER
ti1icatc therefor.
Al Of the capital stock has been
/ subscribed for, to-wit:
! William Nash Gooch subscribes
| Tor tWcnty-fOur shares.
/ George GOCch subscribes for
| one share.
Robert ID. Craighead subscribcs
tor twenty-five shares.
! ARTICLE ".
/ he corporate powers of the
| corporation shall be vested in a
Board Of Directors from two to
tive N number, to be chosen from
the stockholders annually at their
meeting for the election of officers:
which meeting shall be held on
the second Monday in January of
each year; said meeting to determ-
inc the number of Directors for
the ensuing year.
The following persons shall
constitute the first Board of Direc-
tors: William Nash Gooch.
George Gooch, and Charles D.
Craighcad, and shall continue in
ot1ice until their successors shall
have been elected at the meeting
OF January 1904, and have quali-
fled.
Each Board OF Directors shall at
once organize by the election of a
President and Secretary Treasurer
Tor their number. No officer shall
receive O salary for the PERFORM
ance OF the immediate duties of
his o1lice. The failure of the
stockholders in any year to hold a
meeting at the time specified shall
not operate to dissolve the corpo-
ration, hut the directors in Office
shall hold over until their success
ors have been elected and quali-
fed.
III meetings Of the stockholders
shall be called by the President
and ten days notice in writing
shall be sent through the mail to
each stocISholder. At all meet.
ings held for any purpose, each
share of stock shall be entitled to
one vote, and can be cast by the
owner in person or through
a proxy. The Directors as above
constituted have this day organ
lied by the election of William N.
Gooch as Presidents; and Charles
d. Craighead as Secrctary-Treas-
urer.
ARTICLE V.
The charter may be changed.
modified, or amended; and the
capital stock increased or decreas-
ed; or the corporation dissolved
at a general meeting Of the stock
holders called for such purpose,
and majority OF the whole CAPT.
tai stock asserting thereto.
In the event of a dissolution of
the corporation, three liquidators
shall be appointed by the stock
holders, who shall take charge of
the business Of the corporation
and liquidate its affairs; and shall
remain in office until the affairs of
the corporation shall have been
finally liquidated.
AR1iCLE vi.
No stakeholder of this corpora
ton shall ever be held liable or
responsible for the faults or debts
OF the corporation in any further
sum than the unpaid balance due
the corporation upon the shares
OF stock by him subscribed or
owned; nor shall any informality
in organization hereof have the
effect of rendering this charter
null Or exposing a stakeholder to
any liability beyond the unpaid
balance, if any, of his stock.
Thus done and passed at my Notarial
office in the town of Patterson, st. Mary
Parish, Louisiana, on this LIST day Of
July, 1908 in the presence of J. f. Nun.
son, Jr., and T. Bethel Gooch. two com.
petent witnesses, who have signed these
presents with said appearers aud me.
Notary, after due reading of the whole.
w. n GOOCH.
&. ID. CRAIGHEAD,
GEO. NJ. GOOCH,
Witnesses: Per w. n. Gooch
J. f. MUNsON, Jr. ~
/. Il. GoOch
WILBUR II. KRAMER, il