The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1904-01-09


Robert :. Barnett, President; Horatio A.
Brown, Nice-President; George NJ. Les
ter, Secretary Treasurer
Article 5.
This corporation may have and use
corporate seal, the design of which shall
be selected and changed at will by the
Board of Directors, and it shall have
power to execute and issue notes, con.
tract. sue and be sued, and all legal pro-
cess shall be served on the President and
i'll the event Of his absence from the
Parish Of the company's domicile, upon
the secretary-Treasurer. This company
shall have corporate existence for tho
period Of ninety-nine years from this date
Article 6.
The Board If Directors shall have DOW
or by a majority vote of those present at
any meeting for which majority shall
constitute quorum, to supervise and
administer the business of this corpora
ton, and to 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
employees for the purposes of this COM
pany and to fix all salaries and wages of
the officers and employees of the com.
pany.
I'm addition to the other powers of this
corporation to be exercised by this
Board. the Board shall have power by a
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 ad.
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 tho
mails in sufficient time to allow of his
attention, stating the general nature of
the business to be transacted.
Article T.
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 he deems
it necessary, and he shall call a meeting
after giving timely notice in all cases
through the mails or in person for the
of all members, upon the
written application of majority of the
full board. and he shall preside at all
meetings. The Vice-President shall per-
form all the functions and shall have all
the powers of the President in the abb
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
with this Charter what the
shall be.
Articles.
No stakeholder shall be liable for any
sum beyond his subscription and shall
in DO way be liable for any of the debts
If the corporation. No mere informal
ny in organization shall have the effect
Of rendering this charter null, or of ex-
posing any Of the stockholders to any
liability beyond the amount of what may
be due for his stock.
Article 8.
This corporation may be dissolved or
his charter may be amended by vote
If three-fourths of the capital stock of
he company at meeting called after due
md timely notice has been given in
writing by mail for at least thirty full
lays to each stakeholder.
Article 10.
All stock that is transferred must be
on the books of the company
before the. transfer is effective. And MO
tockholder is permitted to transfer any
hare or shares of stock of this company
without first offering same to the othor
stockholders of the company, who shall
rave the privilege of buying the same at
he price that may be offered for sans
~ any one else by preference over the
person SO Offering it; and the stock thus
Fought from another stakeholder shall
,e divided between the other sharehold.
rs desiring the same. And no sale Of
his stock to any person except under
he circumstances above stated, shall be
egal,
Article T..
Whenever this corporation is dissolved
" limitation or otherwise, its affairs
hall be liquidated by three commission.
rs to be elected from among its stock.
olders at meeting of the same con.
eDed after thirty full days notice to
ach stakeholder in writing through the
nails. These liquidating Commissioners
hall remain in office until the duties and
unctions are fully discharged, provided
hat this shall not be for more than six
lonths. Any vacancies in the number
f these commissioners shall be filed by
meeting of the stockholders called for
hat purpose after the notice of thirty
avs as above set forth.
Thus done and passed at my Office in
he town of Franklin, Parish of 1t. Mary,
tate Of Louisiana, on the day and date
rst above written, and in the presence
the witnesses hereinaboYe named who
lgned this charter with said appearers
nd me- said Notary, after due reading
1De word erased anG II interlined. dn4
cad and approved before signing.)
Originally signed)
ROBERT s. BARNETT. one share.
GEORGE NJ. LESTER, fifty mine shares.
HoRATIo A. Brown, fifty shares.
Witnesses
Chas. <. Bell,
Emmett Alpha.
CHARLES A. ONIELL, Notary Public.
State of Louisiana, Parish of st. Mary.
l, Wilbur H. Kramer Clerk of the 23d
judicial District Court of Louisiana aud
x-otficio recorder of the Parish Of st.