The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1904-01-02

2 slst OF the following persons, who shall
! hold the position following their names:
: Robert $. Barnett, President: Horatio A.
Brown, Nice-President; George n. Les-
l ter, Secretary
Article 5.
/ This corporation may have and use a
1 corporate seal the design of which shall
be selected and changed at will by the
!, Board of Directors, and it shall have
J power to execute and issue notes, con.
J tract, sue and be sued, and all legal pro-
cess shall be served on the President and
, in the event of his absence from the
Parish of the cOmpany's domicile. upon
the Secretary-Treasurcr This company
shall have corporate existence for tho
period of ninetynine years from this date
Article g.
| The Board of Directors shall have DOW
cr by majority vote of those present at
any meeting for which a majority shall
constitute quorum, to supervise and
administer the business of this CORPORA
ton. ard 10 make all rules and by laws
therefor. and to make all contracts and
| agreements necessary or convenient or
incident to the business or purposes of
this company, and to employ all labor,
either skilled. clerical or otherwise, all
superintendent or managers aud other
employees for the purposes of this COM
pany and to fix All salaries and wages of
the officers and employees of the com.
pany.
! In addition to the other powers of this
| corporation to be exercised by this
Board, the Board shall have power by q
majority vote of the full board to create
debts and borrow money for the benefit
of the corporation, and to secure the same
by mortgage and pledge of its property.
NO business other than the regular adj
ministration business of the company
shall be transacted at any meeting unless
due and timely notice has been given to
each director in writing through the
mails in sufficient time to allow of his
| attention, stating the general nature of
/ the business to be transacted.
Article Z.
The President of the Board of Direct
ors shall be the executive officer of the
Board. and shall carry out and see to the
| execution Of all the plans and directions
| of the Board. All checks or drafts for
the company shall be signed by the
President and Secretary Treasurer Tho
President may call meeting of the
Board of Directors whenever be deems
it necessary. and he shall call q meeting
after giving timely notice in all cases
through the mails or in person for the
attendance of all members. upon the
written application of majority of the
full board, and he shall preside At all
meetings. The Vice-Presideut shall per.
form all the functions and shall have all
the powers of the President in the ab-
sence or in the event of the inability of
the President to act. The Secretary
Treasurer shall perform the duties usu-
ally done by such officer. The Board of
Directors may provide bylaws not in
consistent with this Charter what tho
duties and powers of the several officers
shall be.
Articles.
No stakeholder shall be liable for any
SUM beyond his subscription and shall
in no way be liable for any of the debts
of the corporation. No mere informal
ity in organization shall have the effect
Of rendering this charter null, OF of ex-
posing any Of the stockholders to any
liability beyond the amount of what may
be due for his stock.
Article 9.
This corporation may be dissolved or
this charter may he amended by vote
OF three-fourths of the capital stock of
the company at meeting called after due
and timely notice has been given in
writing by mail for at least thirty full
days to each stockholder
Article 10.
All stock that is transferred must be
transferred on the books of the COMPANY
before the transfer is effective. And no
stakeholder is permitted to transfer any
share or shares of stock of this company
without first offering same to tho other
stockholders Of the company, who shall
have the privilege of buying the same at
the price that may be offered for Sans
by any Que else by preference over tho
person so Offering it; and the stock thus
bought from another stakeholder shall
be divided between the other sharehold-
ers desiring the same. And no sale of
this stock to any person except under
the circumstances above stated, shall be
legal
Article L..
Whenever this corporation is dissolved
by limitation or otherwise, it's affairs
shall be liquidated by three commission
ers to be elected from among it's stock
holders at a meeting Of tho same con.
vened after thirty full days notice to
each stakeholder in writing through the
mails. These liquidating Commissioners
shall remain in office until the duties and
functions are fully discharged, provided
that this shall not be for more than six
months. Any vacancies in the number
OF these commissioners shall be filled by
a meeting Of the stockholders called for
that purpose after the notice of thirty
days as above set forth.
Thus done and passed at my Office in
the town of Franklin, Parish of 1t. Mary,
State of Louisiana, on the day and date
first above written, and in the presence
Of the witnesses hereinaboye named who
signed this charter with said appearers
and me. said Notary. after due reading
one word erased and IL interlined. and
read and approved before signing,
Originally signed)
ROBERT 5. BARNETT. one share.
GEORGE NJ. LESTER, fifty -nine shares.
HoRATrO A. BROWN, fifty shares.
Witnesses:
Chas. E. Bell
Emmett Alpha.
CHARLES A. O'NIELL, Notary Public.
State of Louisiana. Parish of St. Mary.