The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-12-05

Until the first Monday ia ..'e'''s:':.pt
1904, the Board of Director +. t.,r-
sist of the following person. aoa
hold the position following t.i~t ..., p.
Robert :. Barnett, Pres tient; Il sr'iu
Brown, Nice-President; Gcnrgr l. .
ter, Secretary Treasurer.
Article D.
| This corporation my iiaEr a.. 80, :.
corporate seal. the DIES .n.ui :. ,.,, ~.
be selected and changed at j by lac
Board of Directors, ami !; Shall hay
power to execute and issnr notes, roI =
tract. sue and be sued. ami ali Ir-.4 pr
cess shall be served on the frrsli"g' All.
in the event of Ills ahseisP, ignnl tur
Parish of the company dof"!>,,c. upt
the Secretary Treasurer. This rumpi.N
shall have corporate e iSt,ncr for toe
period of ninety -nine yea! from AIS ,,c
Article 6.
The Beard Of Directors ~lirt. ii..r ,,lN-
or by IL minority vote OF :noSa 'it>t4.j ii
any meeting for whicA y M iar.;. >ht !
| constitute Il quorum, t. SUPER 80, to-
| administer the busIncs, IL lu!s 81. pore
| ton, and to make all l}..ts AND by law,
| therefor, and to make all contracts al!
| agreements necessary or convenient OF
| incident to the business or PURPOSES al
| this company, and 10 emn.nN MI lHuUy.
| either skilled, clerical -. otherwise. al
superintendent or r!auaga!s and uiLCl
| employees for tie purposes Of jA., ts.u-
pany and to fix all salaries .!Hi }..-.cs ot
| the officers and employees ut ,Al >o!..
| pany.
In addition to the oln.r p1n e!- III thi>
| corporation to be exercise. ~ tn.
Board, the Board shat have ,uWcl by II
| ma jointly vote Of the full board 10 create
| debts and borrow money for tn benefit
Ut the corporation, and 70 secure the same
by mortgage and pledge of it, property
No business other than thv regular al
minislratiUn business Of The company
shall be transacted at any meeting unless
due and timely notice has been given 10
| each director in writing through. Tie
| mails in sufficient time to allow of his
attention, stating the general Itnrc Of
the business 10 be Transacted
Article T.
The President Of the Board OF Direct
ors shall be the executive officer II the
Board. and shall carry out art. see 10 the
execution of all the plans ana directions
of the Board. All checks o.: dlat;s f"l
the company Shall be signed 10y H.
President and Secretary -Ireasu'el :! i:r
President may Cati Il GHteii"% ~ Il
Board OF Directors nAene0r" a.. ,.ee,,.-
it necessary, and lie sEaj. eat &, .,J,,,-.n4
after giving timely notice az a. ,.,rys
through the mails oT IA pest. .9r IT,,
Attendance "t ali mtraucs-. upon lt.
written application Of i G..,, r.t} 1 he
full board, and he shat. I,Ic.t'.a 4! a..
meetings. The N:ce-Prcsiorus "a! per
form all the fInC .ioa> aEi S..a:l h.iv" ii!
the powers Of the Pfesi,!Il,o y, IA -
sence or in the event Of tae ;tl,hiIl,> to.
the President to act The S-crclar,-
Treasurer shall perform tie duties u,a-
ally done by such officer. The Beard ii
Directors may provide BY laws not ~
consistent with this Charter what The
duties and powers OF TIE several Officers
shall be.
Article &
No stakeholder shall b. liable for .a,
sum beyond his subscription and Sha..
in no way be Liable for %Ht ut the debts
az the corporation. No mere informal
ily in organization Shall have the effect
of rendering this charter null, or OF cx-
posing any of tb" stakeholder, 70 ANY
liability beyond the amount Of what ma.
be due for his stock
Article =.
This corporation may ue g.sso5g,,l sd.
this charter may be- amen .et ~ Il va.r
Of lhree-funrths OF the CAPITA sock ut
the company at il meeting culle.i alter tlu,
and timely notice has D,-rn -.y1u il.
W.T. n, bA mali to- Al k st rDail. fult
days To each stochho!der,
Al.,c,u ~.
o.,
transferred on the books al tn c,mpa..s
before the transfer is etIeciyr. AaG no
Ockhuider is permit Il t. transfer ,,u,
share or shares ct stock # his cJmpan
without FIRST offering same l., H. ulrc
s ockhniurrs # The cumpar,. do sua!i
hav'f the privii'-e ri .u,ItS me snlIit al
tn price that may be offered f1r san.
by any nhe else by preference over ..,
person s, offering II and h. 49,. K ii,
bought from another ,tucn''oid..F shall.
he divided between TN uthrf ,h..l .hr!!-
crs desiring the sane 1,ul o.; .tir 0I
This stock u AHy. person except uu Ter
the circumstances aotVu Slatn,i. sinai uu
legal.
Article t.,
Whenever this corporation = dissolved
by limitation or Otn,rNis., lis atflirs
shall be liqnldatcl by three COMMISSIONS
ers to DO elected from among its stock
holders at IA meeting Of lhc same con
veued after thirty iull days notice 10
each stakeholder in writing through the
mails. These liqudaling COMMISSIONERS
shall remain in office until the duties and
functions are fully discharged, provided
that this shall not be for more than SIX
ANY vacancies in The runiber
OF these commissioners shall be filled bv
a meeting Of the Stockholders called for
that purpose after the notice of lhlrt,
lays as above set forth
Thus done and passed at MY office in
the town Of Franklin, Parish of St Mary,
State Of Louisiana, on the day and dalc
first above written, and il tie presence
1f the witnesses hereinabnyc named who
signed this charter with said apprarels
and me, said Notary. after due reaiin.
one word erased anG IL lnlclliued aud
read and approved before sigun.
Originally signed) E
ROBERT 5 BARNET. 0aa Sat.e
GEORGE NJ. AESTER. iiffy- aile ,t-ai,.-.