The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-06-20


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
ton, rs we'll rs those subsequently, elect
ed, under these articles of the corpora
tion, shall continue in office until their
successors shall have been duly elected
and indicted into Office. Fer the trans
action Of any and all business of this cor
poralion the majority Of the members Of
this Board Of Directors shall constitute a
quorum and at the first meeting of said
! Board after The first annual election
hereinabove provided for. they shall
eject from their number a President and
Wee prcSident, a Secretary and Treasu-
rer, and a General Manager, and such
other officers AS may be provided for in
the bylaws Of this corporation. md SAID
| Board of Directors and their successors
shall be authorized to appoint from time
to time, such other officers, agents and
employees as they may deem necessary
to the proper management ana carryin.
| ont Of the business Of the corporation,
and shall likewise fix the condensation
OF such agents. officers ans! EMPLOYEES.
and shall have the right to establish such
/
may be deemed requisite for the suDport.
management and regulation Of this cor
! poyation.
| At ali meetings of the stockholders
each st0ckhol!er shall be entitled to one
vote, III person or by proxy, for each
share Of stock held by him or her. The
Board OF Directors by resolution passed
by two-thirds majority Of the whole
Board, may designate three or more d.
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
lze the seal OF the corporation to be af-
fixed to all papers which may require it,
The first Board of Directors hereinaf-
ter appointed, shall as soon as conven-
lent provide Il system of bylaws for the
management OF the BUSINESS of the cor
poralion, 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
full and proper for the carrying out of the
objects and purposes. Until the first
annual election held under the charter as
hereinaDove 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 DIKEcToRs
Eugene Houssierc, Arthur Latrielle,
Donelson Gallery, DOnclson Gallery Jr.
J. Sully Martel. and Ismerie F. Latrielle.
OFFICERS.
Donelson Gallery, resident, Eugene
Houssicrc. President, A. Latrielle,
End Nice-President. J. Sully Martel
Secretary and Treasurer, Donelson
Cafery. Jr., General Manager
ARTICLE VI.
Whenever this corporation is dssolv- |
ed either by limitation of its charter or
from other cause, its affairs shall be /
liquidated by :hree commissioners APP
pointed from its stockholders at Il
meeting Of the stockholders convened |
after notice mailed to said stOc slioders |
at least forty days before such meeting,
and published once a week for four sue
cessive weeks. in one Of the weekly |
newspapers published in the Town of |
three. tourths of the entire capital stock |
preseEt or represented at such meeting,
Said commissioners shall remain in Of
fee until the affairs of the said corpo-
ration shall have been fully lguidated,
and in case of the death of one or more
Of tue said commissioners. the other
or commissioners shall be
to complete said liquidation.
ARTICLE VII.
This act of incorporation may be
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 a general meeting of the stockholders
ot said corporation to be convened for
such purpose after forty days notice by
mai, and published once a week for four
successive weeks in a weekly newspaper
published in the Town of Franklin.
Louisiana, the capital stock of the said |
corporation may be increased or lecreas-
ri upon assent of thrce-fourths Of the
mount of the capital stock of said cor
)ora1ion voted at special meeting held
or such purpose after forty days notice
hall have been given by advertisement,
published in said town as above, and
fter forty days prior notice in writing
y mail or personal service on each |
tOckholder. or by written consent of
ach stakeholder.
ARTICLE VIII.
No stakeholder shall ever be held liza
lie for the contract or fault of this cor
GRAFTON, except to the extent of the ,
mount which shall remain unpaid, on
is or her share OF stock nor shall any
lere informality in organic ,tion of this
harter have the effect of rendering this I
ct Of this corporation nall or of expos
'g any stakeholder to any liability
hatever.
In faith whereof the seven aforesaid
opearers have signed these presents on Z
le aforesaid day and date in the pres
ice of j. Gabriel Martel and Arthur Z
artel, competent subscribing witnesses,
I'd me, said Notary, after due reading ,
the whole. )
DONELSON CAFFERT. IS
ARTHUR LATRIELLE, II
EUGENE HOUSSIERE, :
PERCY SAINT ~