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

and each of which this corporation is
formed, are; to purchase take, lease. or
otherwise acquire mines, mining rights
and privileges, or land in the Parish of
ST. Mary, State Of Louisiana, ~ else
where. for the development Of natural
gas, oil, petroleum. coal. 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, drill. open, quarry. smelt, refine,
dress, amalgamate and prepare petro-
f, leum, OIL, sulphur, asphaitum. ore and
mineral substances of all kind to buy,
sell, deal in oils, minerals. plants, and
machinery, implements. conveniences,
provisions and things capable of being
used in mining operations or used or re,
quired by workmen or others employed
by this corporation; to construct, carry
out. maintain, improve, manage. work,
control and superintend any roadway,
tram-way, pipe lines. tanks. reservoirs,
warehouses, crushing works, hydraulic
works, and any other works and cons
veniences that may seem directly or in
directly conducive to any of the objects
and purposes of this corporation, aud to
substitute or otherwise take part in any
of the said operations; TO manufacture,
| sell and lease to any other corporation
| and to all private consumers, land, oil
| and gas machines, appliances and de-
| vices of all kinds for the production,
| supply and use of light, heat and power,
and all goods, wares, merchandise.
property and substances now used in
! the production of same, or incidental
| thereto; to manufacture. contract for and
| furnish, light. heat and power to other
persons, firms and corporations, public
and private, to manufacture, buy, sell
and trade in any kind of earthen pro-
ducts. composed wholly or in part of
| kaoln. paratfne. clay or any earth mat
ter, and mine, manufacture. buy. sell.
trade and deal in any and every gaseous
and other ingredients. material or sub
| stances entering into the manufacture or
used in injunction Herewith, or used
in or relating thereto, to purchase. ac-
quire. hold. lease, control and operate,
and to sell. lease and dispose of to such
person or persons, corporation or cOrpO-
lions, and at such price or prices. and on
such terms and conditions as this corpo-
ration may see fit and proper, lands,
ings, for mining, milling, or agriculture,
and for other uses and pusposes. to pur-
chase, lease or otherwise acquire. all or
part of the business or liabilities of any
persons. firm, corporation, or associa-
ton engaged therein or holding any part
in similar objects and purposes to do all
and everything suitable, necessary, i'm
mediate and proper for the accomplish
ment of any of the purposes, or the at
tainment Of any one or of more of the
objects and purposes herein enumerated
or incidental TO the powers herein
named, or which shall at any time APP
pear conducive or expeditions to the ben
eft Of this corporation.
1t is the intention that the objects and
purpose specified, in this article. except
when " are 6therwis&F Apress :afoin
So. "a Il or
IL by ro
the terms OF any
other article of this character. ana .nat
the objects and purposes specified in
each of the clauses of this article shall
be regarded as independent articles and
purposes.
ARTICLE ".
The capital stock of this corporation
is hereby fixed at the sum Of One Million
Dollars. divided into One Million Shares
of the par value of One Dollar each,
which shares shall he paid for in money
or its equivalent in real OF personal
property, in such manner and on such
terms as may be directed by the Board
of Directors, provided, however, that
this corporation may commence busi-
ness after not less than five thousand
dollars Of the capital stock shall have
been subscribed for. All transfers of
stock shall be made on the books of the
Company at its Office in Franklin Louis
lana, and Oh surrender of the certificate
therefor. No transfer Of any shares
shall be made and no certificate shall be
issued for full paid stock. All certifi-
Gates of stock shall be signed by the
President and countersigned by the
Secretary and Treasurer.
ARTICLE v.
The officers of this corporation shall
consist OF President, President,
Secretary Treasurer. and General
Manager. All corporate powers of this
corporation shall be vested in, and shall
be exercised by a Board of Directors
composed of five members to be selected |
by majority of the stockholders of
this Corporation on the second Tuesday |
of the month of June, of each successive |
year after the year 1908, the first cleo |
ton under this charter to be held ON the |
second Tuesday of June, A. D., 1908. |
All such elections shall be made 10y bali |
lot at the domicile and office of the cor
poration under the supervision of two
commissioners to be appointed by the
Board Of Directors, who shall receive
ali votes of members authorized to vote
at such meeting in person or by proxy.
and who shall canvass and declare the !
result Of such election, said elections
for members of the Board of Directors
are to be held after due notification
thereof. given by the Secretary of this
corporation by written notice addressed
and mailed to the stockholders at their
usual post Office or served personally up
on them, as shall be provided for in the
bylaws of this corporation, it is how
ever provided that the Board of Dircc-
tors hereinafter named to constitute the
first Board of Directors of this corpora
fiOn aS well as those SuhSeuuantIv alacf |