The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-07-04

ever, FfONl0cu that the Board of UircC.
tors hereinafter named 70 constitute the
first Board OF Directors of this corpora.
ton, as well us those subsequently elect
ed, under these articles of the corpora-
ton, Shall continue in office until their
successors shall have been duly elected
aud indicted into office. For the trans
action of any and all business of this cor
porallon the majority of the members IF
| this Board Of Directors shall constitute a
| quorum, and 1T the first meeting of said
| board. alter the first annua! election
herelnabove provided for. they shall
elect from their number a President and
| slce-President, a Secretary and Treasu-
| rer, and General Manager, and such
other officers as may be provided for in
the bylaws of this corporation, and said
Board of Directors and their successors
shall be authorized to appoint from time
to time, such other officers, agents ard
employees as they may deem necessary
to the proper management and carrying
out OF the business of the corporation.
and shall likewise fix the condensation
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 all meetings of the stockholders
each stockhoiier 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
ny two-thirds majority Of the whole
Board, may designate three or more d.
Iectors to constitute an executive COM
mlttee, 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 aud affairs of the corpora
tor, and shall have the power to author
lzo the seal Of the corporation to be af-
fixed to al! papers which may require it.
The first Board Of Directors herenaf-
ter appointed, shall as soon as conven-
lent provide system of bylaws for the
management of the BUSINESS of the cor.
poratlon, and provide therein for the
necessary officers and agents required
for the corporate business and affairs as
well as such other rules as may he need
full 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 H0ussiere, Arthur Latrielle,
Donelson Catfery, Donelson Gallery Jr.
J. Sully Martel. and Ismerie F. Latrelle.
OFFICERS.
Donelson Gallery, PRESIDENT, Eugene
Houssiere. Vice-President, A. Latrielle,
md Vice-Presdent. j. Sully Martel.
secretary and Treasurer, Donelson
Jaffery. Jr., General Manager.
ARTICLE VI.
Whenever this corporation is dissolv-
I'd either by limitation of its charter or
rom ether cause, its affairs shall be
iquidated by three commissioners ap-
pointed from its stockholders at a
Meeting Of the stockholders convened
fter notice mailed to said stoc 2holders
It least forty days before such meeting,
md published once week for four sue
essive weeks. in one Of the weekly
newspapers published in the Town of
franklin, Louisiana, and elected by
hree-fourths of the entire capital stock
resent or represented at such meeting,
Said commissioners shall remain in Of
ce until the affairs of tie SAID corpO-
alton shall have been fully liquidated,
nd in case of the death of one or more
+ the said commissioners. the other
or commissioners shall be
uthorized to complete said liquidation.
ARTICLE VII.
This act of incorporation may he
hanged, amended, modified or altered.
r said corporation may be dissolved with
le assent of three-fourths Of the own
rs of all the capital stock represented
a general meeting of the stockholders !
said corporation to be convened for
lch purpose after forty days notice by
laii, and published once week for four g
weeks in weekly newspaper ,
ublished in the Town of Franklin |
ouisiana, the capital stock of the said
may be increased or ,lecreas- {
| upon assent Of three-fourths of the 1
mount OF the capital stock of said cor
,ratiOn voted at special meeting held |
" such purpose after forty days notice
lall have been given by advertisement 4
lblished in said town as above, and !
ter forty days prior notice in writingI
7 mail or personal service on each | 4
Or by written consent of
ch stakeholder
ARTICLE VIII.
No stakeholder shall ever he held liza
e for the contract or fault of this COR
,ration, except to the extent of the
Mount which shall remain unpaid, on
s or her share of stock, nor shall any !
ere informality in organization of this
arter have the effect of rendering this
t of this corporation null or of expos
3 any stakeholder to any liability
latever. Ia
In faith whereof the seven aforesaid
bearers have signed these presents on
3 aforesaid day and date in the pres
ce of j. Gabriel Martel and Arthur
artel, competent subscribing witnesses.
d me, said Notary, after due reading
the whole. ~
DONELSON CAFFERY. l,p
ARTHUR LATRIELLE, H.
EUGENE HOUSSIERE.
j. SULLY MARTEL, !