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

sence upon the !cePrcsident. or in the
absence OF both, on the Secretary ant
Treasurer.
ARTICLE II.
This corporation shall hA,c TIE poWe,
to contract, sue and be Sue, and tC
make and use a corporate seal, nd the
same to alter or break a plea. are; tc
purchase. hold. receive, sell, lease. as
well as mortgage, hopothecate or pledge
property. both real or personal, corI>real
or incorporeal, rights and credits and all
such chooses III action. in such manner
as may be allowed by the State Of Lou
isiana, or in any other State of the
United States: to issue bonds, promissory
notes or other evidence of Indebtedness:
t" name, elect and appoint all such Of
hcerS, directors. managers and agents as
the interest and cOnvenienceS of said
corporation may require. and to provide
TOR their payment, removal, substitution
IN case of death, resignation, absence or
Inability to act. or other sufficient cause.
as well as for their discharge; to make
and establish such bylaws, rules and
regulations tor the conduct of its affairs
as may be necessary, convenient or
proper, and the same to change alter or
amend at pleasure; and to do all such
other acts or things as may be necessary
to or facilitate the carrying out the OBJ
Jects and purposes OF this corporation.
ARTICLE III.
The objects and purposes for which
and each of which this corporation is
formed, are; to purchase, take. lease. or
81 hnryV y.
and privileges or land in the Parish of
st. Mary, State Of Louisiana, or else
where. for the development of natural
gas, Oil, petroleum, ccal, asphaltum. salt,
sulphur, ore, metal and mineral sub
stances, or any other interest therein;
and to explore. open. work, or in any
way turn to advantage the same To
bore, dill. open, quarry, smelt, refine,
dress, amalgamate and prepare petro
leum, oil, sulphur, asphaitum. ore and
substances of all kind; to buy,
SELL deal in oils, minerals. plants, ard
implements. conveniences,
provisions and things capable of being
used IN mining operations or used or re-
CURED by Workmen or others employed
by tins corporation; TO construct, carry
out. maintain, improve, manage, work
aud supcrintend any road way,
tramway, pipe lines. tanks. reservoirs.
crushing works, hydraulic
works, and any other works and cons
venlences that may seem directly or i'll
llrect!y conducive to amy Of the objects
and purposes of this corporation, and to
subsdize or otherwise take part in any
II The said operations; 10 manufacture,
sell and lease to any other corporation
md to all private consumers. land, oil
md gas machines, appliances and de-
'ices OF all kinds for the production,
supply and use Of light, heat and power,
mi all goods, wares, merchandise.
property and substances now used in |
he production of same, or incidental |
hereto; to manufacture. contract for and |
urnish, light, heat and power to other
'ersons, firms and corporations, public |
nd private, To manufacture, buy, sell
nd trade Ill any kind of earthen pro-
ucts. composed wholly or in part of
,aolln. paratline. clay or any earth mat
er, and mine, manufacture. buy, sell.
rade and deal In any and every gaseous
nd other ingredients, material or SUBJ
tances entering into the manufacture or
sed in conjunction Herewith, or used
4 or relating thereto, to purchase, ac-
ulre, hold, lease, control and operate.
nd to sell. lease and dispose of to such
ersOn or persons, corporation or corpO-
ons, and at such price or prices. and on
lch terms and conditions as this corpo-
alton may sec tit and proper, lands,
ater-rlghls, improvements. and build
lgs, for mining, milling, or agriculture,
I'D tor other uses and puSpGses, to pur-
lase, lease or otherwise acquire, all or
art OF the business or liabilities of any t
srsOns. firm, corporation, or associa-
Oh engaged therein or holding any part
similar objects and purposes, to do all
I'd everything suitable, necessary, i'm
ediate and proper for the accomplish
ent of any of the purposes, or the at
inment of any one or Of more of the
'Jects and purposes herein enumerated
incidental TO the powers herein c
med, or which shall at any time APP f
ar conducive or expeditions to the ben |
It Of this corporation. 7
1t is the intention that the objects and r
lrposes specified in this article, except a
ben they are otherwise expressed in a
I'd article, are to be nowise limited or a
'tricted by reference or inference from c
G terms OF any other clause of this. or n
her article of this character, and that +
c objects and purposes specified in t
Gu OF the clauses of this article shall y
regarded as independent articles and
rpOses. Il
ARTICLE ". r
The capital stock of this corporation a
hereby fixed at the sum of One Million 0
'llars. divided into One Million Shares C.
the par value of One Dollar each, a
Itch shares shall be paid for in money
its equivalent in real o: personal
)perty, In such manner and on such
ms as may be directed by the Board y
Directors, provided, however, that -
s corporate on may commence bust u
s. after not less than five thousand =
liars Of the capital stock shall have d
~ subscribed for. All transfers of y
ok shall be made on the books of the e'
mpany at its office in Franklin Louis ~
ia, and on surrender Of the certificate 81
'refor. No transfer of any shares ?
III be made and no certificate shall be u
led for full paid stock. All certif- &C
es of stock shall be signed by the &
'sldent and countersigned by the a.
'retary and Treasurer. p
ARTICLE V. ~ ~
The officers of this corporation shall -,
sist of President, Vice President, a.
rotary. TrpaSurar ond , C,norol al