The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1905-05-06
CHARTER.
OF THE
Planters Hardware Company, Limited.
STATE OF LOUISIANA, !
PARISHOF ST. MARY, {

after named and undersigned. PERSONAL
came and appeared the persons who!
names are hereunto subscribed. who d.
clsrsd that they. by these presents, d
form themselves and constitute Il co
nOration under the following stipuls
= lions and agreements, which they hercb
adopt ~ their Charter, to-wit:
ARTICLE /.
The name Of said corporation hereb
formed il declared TO be "THE PLANT
ERS' HARDWARE COMPANY, LIN
TIED" Its domicle shall be in the tow
OfFrsnkliD, Louisiana. and it shall have
seal with such inscription and device a
may be selected by the Board Of DreC
lOrs. The President OF in event of hi
inability TO act by reason of his absence
or from other cause, the Vice-Presiden
10 hereby declared to be the person upo
whom all citations and other legal pro
cess shall be served. Said COmpan,
shall enjoy succession for period 0
Ninety-nin years from date hereof: and i
absll have the right to purchase, hold
mortgages and convey, both real and per
s0psl property.
ARTICLE
Tho objects and purposes for which
this corporation is organized, and tn,
nature of the business to he carried on b.,
il are hereby declared to be a wholesale
and retail hardware establishment. t.
purchase Patent Rights, Inventions and
oil improvements in machinery and te
use and apply same in the course Of theil
business, to bny andssell vehicles. carts
wagons, plOws. etc. hardware. machinery
implements, ETC.. and to do any othe,
nd IN,
nected with the hardware business.
ARTICLE Ill.
The Capital Stock of this corporation
10 hereby fixed at Twenty Five Thousand
Dollars tS25, 600. OO), represented Two
Hundred and Fifty shares Of One Hun
dred Dollars each; PAYABLE in INSTALL
ments rs called for bv the Board of d.
rect0rs: it being provided that ten days
notice of each call shall be delivered to
esch subscriber in person or sent him
through the mail This corporation
shall have the right to commence bust
ness ~ soon as Three Thousand Dollars
10 subscribed for and paid in. The Cap
ital Stock may be increased to an amount
not exceeding Fifty Thousand Dollars,
(e5O. DOC. O0), in the manner provided by
law, and persons holding stock shall
have the right to subscribe for such
stock in proportion to the number Of
shares then held by such person or per
sons; and which stock shall be paid for
u such times and in such sums as the
B0ard Of Directors may direct
If any installments are due upon the
stock Of this Como any, and shall not be
paid 10 and when called for, said stock
sbsll be forfeited to the Company, to-
geiher with all installments paid there
on without any legal proceedings: and
the same shall be sold in such manner
~ may be provided by the Board of Di-
rectOrs.
ARTICLE
All the corporate powers of this cor
poratiOn shall be vested in and exercised
ty Board Of of Directors to consist of
ten. each being stakeholder of said
Company, The Secretary and General
Manager shall have full power to pur-
chase property, patent-rights, inven~
lions. machinery, implements, ETC., and
to have constructed buildings, machin-
cry, implements. and other appurl ances
and appliances necessary for, or inciden.
TIL to the carrying ON of said business,
70 cell or exchange. The Board of Di.
Laws, Rules and Regulations for the !
Management OF the business of the Com
pany; and 10 change, alter and amend !
tho same at pleasure; at any meeting of !
the Board vote of the majority pre-
ssnt shall govern.
The Board Of Directors shall elect
President, Vice-President, Secretary and
Treasurer and the Secretary shall be ex-
emcio, the General Manager of the busi-
ness of the Corporation.
Tho secretary aud General Manager
shall have the right to employ all clerks
and assistants in the conduct Of the
business and shall fix their salaries.
The frat B0ardof Directors shall, be COM
posed Of the following named stockhold-
en: Jas. A. Peterman, H. &. Rose. J. r.
Todd. =. A. Hanson. S. We'll. Z. A. Bar
6Our, Percy Saint. h. s. Pickett. !.
6ully Msrtel and w. 7. Jones, and thew
hall hold Office until the second We'd
nesday Of June, 1906. or until their SUI.
cessoFs shall have been duly elected and
qualified; zach Board of Directors shall
Delect one Of their number as President.
Who shall hold Office until his successor
lhsll have heen elected by the succeed
ne ROard of Directors.
Tbs said Board shall elect q Vice.
Treasurer and Secretary and
|ee latter shall be ex-officio General
Manager Of the business.
The Secretary and Treasurer may not
y stockholders of the corporation.
Until the election to be held on tile
scond Wednesday OF June. 1906, the t
GLOWING shall serve IS President, Vice.
'rastdent, Treasurer and Secretary: j.
ally Msrtel shall be President. II.
;rawford Rose shall be vice-Presidens. (
an We'll shall be Treasurer and Will.
!. Jones shall BE- Secretary and ex-officiu
'eneral Manager Of the business.
majority Of the Directors shall con-
titute quorum for the transaction Of
u business; all vacancies in said Board
y death, resignation or otherwise shall
. illsd BY the remaining Directors. Z
pos. and Annually tSepesf,:y. 2, june s,