The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-07-25


| 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
leum, OIL, sulphur, asphaitun, 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
| quircd by woikmen or others employed
| 10y this corporation; to construct, carry
| out. maintain. improve, manage, work,
| control and supcrintend any roadway,
| tram-way, pipe lines. tanks reservoirs,
| warehouses, crushing works, hydraulic
| works, and any other works and cons
| venicnceS that may seem directly or III
| directly conducive to any Of the objects
| and purposes Of this corporation, and to
| subsidize o. otherwise take part in any
OF the said operations; 10 malu1actgire,
sell and lease to any other corporation
and 10 all private consumers. land. oil
and gas machines, appliances and de
vices Of ali kinds for tie production.
supply and use OF light, heat and power,
| an4 all goods, wares, merchandise.
PROPERTY and subs ancea now used in
| inc jEDtutlIUu VI SAINT O4 iEctttEtti
thereto: to manufacture, contract lGr and
! furnish. light heat and power 10 other
persons, firms and corporations, public
and private, to manufacture, buy. sell
and trade in any kind Of earthen pre-
ducts composed wholly or ia pant OF
kaUl!n. pacatliuc. clay or any earth mat
| ter, and niue. manufacture, buy, sell.
| trade and deal in any and every gaseous
! and other ingredients, ma:Ciia! or sub
stances entering Into the manufacture or
used IL con- junction herewith, or used
| in or leiating thereto, - purchase, H,-
uuiic. hold. lease, C0ntlu. and operate
and to sell. lease and dispc- Of IT, such
person or persons, corporation or c0rpo-
| tious, and at such price or prices, and on
such terms and conditions as this corpo-
ration may see tit and proper, lands,
water-rlghts, Improvements. and build
ingI, for mining, milling. or agriculture,
and for other uses and pusposes. to pur-
| chase. lease CT otherwise acquire. all or
part OF the business or liabilities of any
persons. firm, corporation. or assOcla-
| 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
lnent Of any of the purposes, or the at
| tainment of any one or Of more OF the
| objects and purposes herein enumerated
OF incidental to the powers herein
named. or which shall at any time ap-
pear conducive or expeditions to the ben
eft of this corporation.
! 1t is the intention that the objects and
purposes specified in this article. except
| when they are otherwise expressed in
I said article, are to be nowise limited or
restricted by reference or inference from
| the terms OF any other clause of this. or
other article of this character, and that
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 be paid for in money
or it's equivalent in real o: 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 bust
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 on 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, c-Presidcnt,
ecretary-Treasurer, and a General
Manager. All corporate powers of this
corporation shall be vested in, and shall
be exercised by 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 by bal
lot at the domicle and office of the COZ
pOration under the supervision of two
| CohlliooloHelS W bo dppOlHttu ny tHt
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 Direc-
tors hereinafter named to constitute the
first Board of Directors of this corpora
! ton, as well as those subsequently elect
ed, under these articles of the corpora
ton. shall continue in Office until theft
successors shall have been duly elected
and indicted into office. For the trans
action of any and all business of this cor
poration 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