The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-06-27

on them, as shall be provided for in the
| bylaws Of this CorruIatiuH. il IS how
ever. provided that the Roar,, Of Dircc-
! tors hereinafter named t. constitute the
first Board Of Directors Of this CORPORA
/ ton, as wei as tiIC~e subsequently eject
ed, under these articles Of the corpora
ton. SHALL continue ia Office uHtl their
successors small have been daily elected
and indicted into office. For the trans
action Of any and ali business of this cor
! porall0n the majority Of the members of
! this Board If Directors Shall constitute Il
! quorum, and at the first meeting of said
Board. after The first annual election
| iserclnabove provided for. they shall
elect from their number Il President and
| !ce-pfeSiGttlt, u Secretary and Treasu-
rer, aud IL 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 he authorized to appoint from time
| t. time, sUch other officers, agents and
employees as they may deem necessary
| to the proper management and carrying
! out OF the business Of the corporation,
and shall likewise fix the compensation
OF such agents. officers and employees,
and shall have the right to establish such
| bylaws. rules and regulations which
| may be deemed requisite for the support,
! management AMI Regulation Of this cor
?ugaton.
At all meetings of the stockholders
each stockhol!er shall be entitled to one
vote. III person or by proxy. for each
snare of stock held by him or her. The
Board OF Directors by resolution passed
by two-thirds majority of the whole
Board. may design ate three or more d.
rectors to constitute an executive COM
nllltec, which committee to the extent
provided for in said resolution or in the
by laws Of the corporation. shall have.
and may exercise, the powers Of the
Board o. 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 IA system Of bylaws for the
infringement OF the BUSINESS of the cor
,,oration. 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
FIJI and proper for the carrying out of the
objects and purposes. Until the first
annual election held under the charter as
herenaDOve provided for, the following
Board of Directors and Officers shall con-
slitnte tue Board of Directors as well rs
the officers, respectively Of this corpora
ION. tO-wlt:
BOARD OF DIRECTORS
Eugene Houssicre. Arthur Latriele,
Doheson Gallery, Donelson Gallery .Ir.
J. Sully Martel. aud Ismerie F. La.relle. |
OFFICERS.
Donelson Gallery, President, Eugene |
Houssiere. Vice President, A. Latrelle, |
Ind Nice-President. j. Sully Martel. |
Secretary and Treasurer. Donelson !
Gallery. Jr., General Manager.
ARTICLE VI.
Whenever this corporation is dissoly-
ed either by limitation Of It's charter or
from ether cause, its affairs shall be
liquidated by three commissioners APP
pointed from its stockholders at Il
meeting of the stockholders convened
after notice mailed to said stOc Shoidefs
at least forty days before such meeting,
and published once week for four sue
cessive weeks. III one of the weekly |.
published in the Town Of
Franklin. Louisiana, and elected by
of the entire capital stock
present or represented at such meeting.
Said commissioners shall remain in Of
flee until the affairs of the said corpo-
ratidn shall have been fully liduidated,
and in case of the death of one or more
Of the said commissioners the other
or commissioners shall be
authorized TO complete said liquidation.
ARTICLE VII.
This act of incorporation may lie
ID nged, amended, modified or altered,
II said corporation may be dissolved with
he assent of three-fourths of the own
rs OF all the capital stock represented |
1t a general meeting of the stockholders
ii said corporation to be convened for
such purpose after forty days notice by
nail, and published once a week for four
weeks in weekly newspaper
published in the Town of Franklin,
louisiana. the capital stock of the said
may be increased or hecreas-
Il upon assent of three fOurths of the
inonnt of the capital stock of said cor
,orat0n voted at a 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 La
lie for the contract or fault of this cor
oratlon, except to the extent of the
mount which shall remain unpaid, on
is or her share OF stock, nor shall any
lere informality in organization of this
harter have the effect of rendering this
ct Of this corporation null or Of expos
lg any stakeholder to any liability
hatever.
In faith whereof the seven aforesaid |
ppearers have signed these presents on
Ie aforesaid day and date in the pres
ace of j. Gabriel Martel and Arthur
artel competent subscribing witnesses,
I'D me, said Notary, after due reading
the whole.
DONELSON CAFFERY.
ARTHUR LATRIELLE, l.
EUGENE HOUSSIERE. /
PERCY SAINT.