The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-03-07

poration are herby vested in, and shall
lie exercised by Board of Di:e1to;
composed of three stockholders, any twt
of whom shall constitute quorum f"
the transaction of business. The direct
ors shall be elected annually on the thirt
Monday in January. The election shall
be by ballot and each stockh older shall
be entitled in person and by proxy t,
one vote for every share of stock held by
him. Notice of such election shall b,
given by ten days continuous publication
| Immediately preceding such election II
one of the newspapers published in thu
Parish of st. Mary. The manner of con
Quoting such elections shall be regulated
by the bylaws. At the first meeting
after their annual election the board Of
directors shall elect from their own mum
Der a President. Vice-President and 1
Secretary and Treasurer, who need no
be stakeholder, whose du lies and pow.
ers shall be prescribed by the by.laws
Said directors and officers shall hold of
flee for one year, or unit, their success
ors shall have been elected and qualified
Until the rst election, which shall be
held on the third Monday in January
1904, the following incorporators are
constituted the Board of Directors to.
wit: Earl s. Barnett who shall be
Chairman of the Board. Robert S. Bar
nett. who shall be Vice President and j
Allen Barnett, who shall be Secretary
and Treasurer. all of whom shall hold
office until the first election herein pro
vided for and until their successors are
elected and enter upon the discharge of
their duties. J. w. Barnett shall be
President Of the Company.
The Board of Directors shall make and
adopt such bylaws as may be necessary
for the proper management and regula-
ton of the affairs and business of said
corporation shall have power to amend
and alter the same at pleasure, and shall
themselves or in such manner as may he
prescribed by the bylaws appoint all
employees, detile their powers and fix
their compensation. The Board of Di-
rectnrs shall till any vacancies occurring
among their own number.
Meetings of Directors may be called
by the President or by any two Directors
on snch notice as shall be prescribed by
the by laws,
ARTICLE VI.
General meetings Of stockholders shall
be held annually on the third Monday in
January after due notice as provided for
in Article 5, and the President or any
two stockholders may call special meet
ing of the stockholders for any lawful
purpose upon notice to he given in the
manner and for the time to be prescribed
by the bylaws.
ARTICLE VII.
No stakeholder shall ever he held LA
bic or responsible for the contracts or
faults Of the corporation, in any fur
ther sum than the unpaid balance due to
the company Oh the shares owned by
him; nor shall any informality in the
proceedings Of organization render any
stakeholder liable beyond said amount
ARTICLE VIII.
his a> of incorporation may be mo-
dtied. altered or amended or this cor
poration may be dissolved, with the ass
sent of three,fou-ths of the capital
stock represented at general meeting
OF the stockholders, to be convened for
said purpose after due notice to be given
by thirty days publication in news.
paper published in the Parish of ST..
Mary and by written notice mailed to
each stakeholder, addressed to his resiG-
ence or place of business.
ARTICLE IN.
Upon the dissolution of shis corpora~
ton either by limitation or otherwise. it's
affairs shall be liqudated by three COM
msSioners TO be elected by the stock
holders, who, at the same time shall fix
their compensation.
Thus done and passed at my Office in
the Parish of St. Mary. OH the day.
month and year first above written. in
the presence of Ii. A. Brown and Lee NJ.
King competent witnesses who hereunto
sign their names, with the appearers and
me Notary after reading of the whole.
EARLS. BARNETT,
ROBERT S. BARNETT,
]. ALLEN BARNETT.
Witnesses:
H. A. Brown,
Lee M. King
PERCY SAINT, Notary Public.
/. William X. Wilson, District Attor-
ney. within and for the 23rd Judicial
District Court. do hereby certify that |
have read the above charter and find
therein contained contrary to
the laws of the State of Louisiana, and |
hereby approve same.
Witness my hand and seal this 18th
day Of February, 1908.
w. X. WILSON,
District Attorney 23rd Judicial District
Court.
State of Louisiana. Parish of St. Mary.
|, Wilbur H. Kramer. Clerk 23rd Ju.
1icial District Court and ex~ofiicio Re~
,order inand for the Parish Of St. Mary.
10 hereby certify that the above and
foregoing instrument is true and corr
'ect copy of the original on filed in my
,ffice in Book 46 of Mort cages. entry No.
20, 1875 registered of date Feb. 18th, 1903.
Witness my hand and seal at Franklin
"a. this 18th day of February 1908
WILBUR H. KRAMER.
Clerk and 'ex<officio Recorder.
Electric Railway Franchise