The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1904-11-05

age or packed i'll ice and cooked ana packed
in cans or glass jars or other proper reeep-
tacleS, to erect and operate IN &c piahi. 20
buy and sell goods. and such othcE cofnino
titcs as the corporation acting through IFS
proper officers may deem necessary ana
profitable, and carrying ont the OBJECTS ana
purposes specified. it shall have the power
to borrow money. issue notes and mortgages
and ny DOthccatc its property.
ARTICLE ".
The capital stock of this corporatio on -
hereby fixed at Eve Thousand f'GW"p DO!
lars divided into Five Hundred t1Ep shares
of Ten $1,000 Dollars each. to h" paid tor IN
cash or It's equivalent: one haf to be p'ti ON
said stock " hen subscribed tor ana tn" bt-
ance on call of the Board 81 directors. ne
failure to pay the balance of the subscription
such demand shall forfeit the amour. pre-
viously paid on said stock 10 thc o'hpany
and release the Board from iSSuinS me Stock ,
which shall not be delivered until tuiiy pald
for This corpOratiOn shall be authorized TO
begin business soon As the lh'l amount oi
stock is subscribed for or signed. No si"ch-
holder of This corporation shall ever sell any
Shp res or stock ,l,ld by him until he shall
have first Offered the same 10 the company
through it, President VINO shaii nave III.
option of purchasing same for ten Gays az
the best price offered Inc no!uti' ioi t''e
Company or Stakeholder
ARTICLE V.
Al, Mo movers of said corporation are here
hv vested in and shall be rActrci>cd by 4
BOARD OF Directors to be composed Oh seven
IN stock holders. FbNr IA Oh Wh'Hi sl''li CON
stitute A quorum for the transaction oi bust
mss the Board of Directors to be elected at
a meeting to be held on the last Monday in
Aupust 1905 and annually thereafter. Each
share Of stock shall be entitled to one vote
in person or by written proxy. Notice OF
sucn meeting shall DC published three times
in one of the newspapers published in the
town of Franklin, La. Snch election snail ne
neld at the office of the corporation. The
stock holders receiving Il majority OF the
VOTES shall be declared elected. Failure 10
hold an election on the day specified shall
not dissolve the corporation. bnt the Direp-
Tors in office shall hold over until an election
is held and "a new board of Directors is elect
pd Mt a meeting of the stockholders con
vprcd upon notice as above set forth. lhc
Directors shalt elect President, wee PreS
dent Secretary and Treasurer. the office OF
Secretary and Treasurer may be hcid by the
same person Vacancies occurring on inc
Hoard of Directors shall be filled from the
shareholders hv the remaining members OF
the Board. The Board IT Directors shall
elect or appoint all officers, managers
agents. clerks or other employees and the
IN the salar,.s of same with full power tc
increase or diminish the same at its pleasure
ARTICLE VI.
Thu following named persons shall constitute
the first Board ii Directors; Matthew Bell, NJ NJ
Mills !. e. Lewis +. \. Hanson, A. binder
wood f. f. Rolerts on +. Mercer Norman; witt
Matthew Bell President; Il. a. Hanson Vice
President; and +. 4. Robertson, Sec Siary AM
Treasurer; and they shall hold uthee until thei
successors are elected aud qualinos' the ' ice
President shall aet as President In case 0f Hires
as that oil Ger OF bis absence Or II there ID va