The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-07-18

EAAAANAAG IN n =,
share of stock held by him or her. The
Board of Directors by resolution passed
by two-thirls majority of the whole
| Board, may designate three or more di
| rectors to constitute an executive COM
| mittee. 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 in the management Of
the business and affairs of the corpora
ton, and shall have the power to author
ize the seal Of the corporation to he af
fixed to all papers which may require it.
The first Board Of Directors hereinaf-
ter appointed, shall as soon as conven-
lent provide 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
well as such other rules as may be need
ful and proper for the carrying out of the
objects and purposes. Until the first
annual election held under the charter as
hereinabove 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. tO-wit:
BOARD OF DIRECTORS.
Eugene Houssiere. Arthur Latrelle,
Donelson Gallery, Donelso2 Gallery Jr. ,
J. Sully Martel. and 1smerie +. Latricle.
OFFICEKs.
Donelson Catfery, President, Eugene
Houssicre. Vice President, a. Latrielle,
End Vice-President. j. Sully Martel.
Secretary and Treasurer. Donelson
Gallery. Jr., General Manager
ARTICLE VI.
Whenever this corporation is dissolv-
ed either by limitation Of its charter or
| from ether cause. its affairs shall be
| liquidated by three commissioners ap-
pointed from its stockholders at Il
meeting of the stockholders convened
after notice mailed to said stockholders
24s "a. rssa VT da.s before such meeting,
,tss = .sif ~ " 4e.l.
| f1ewspape.s 3lished in the Town Of
! Franklin, Louisiana, and elected by
three-fourths Of the entire capital stock
present or represented at such meeting.
| 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 be
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 general meeting of the stockholders
OF said corporation to be convened for
such purpose after forty days notice by
mail, and published once 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 ,lecreas-
ed upon assent Of three-fourths of the
amount of the capital stock of said cor
poration voted at a special meeting held
for such purpose after forty days notice
shall have been given by advertisement
published in said town as above, aud
after forty days prior notice in writing
by mail or personal service on each
stockholder. or by written consent of
each stakeholder.
ARTICLE VIII.
No stakeholder shall ever be held liza
BILE 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 of expos
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..
ISMERIE F. LATRIELLE.
F. P. PERRET, Notary Public:
Witnesses
ARTHUR MARTEL.
j. GABRIEL MARTEL
The foregoing Act of Incorporation having
been presented to me for examination rs to
its legality, and, after due examination, l
have found that the purposes and objects of
the corporation, us specified above are legal,
and that none of the provisions herein are
to law.
Done and signed at Franklin, La, this sth
day of May, 1905.
w. X. WILSON,
District ATTORNEY 2Jrd Judicial District. |
STATE OF LOUISIANA.