The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1905-06-03
CHARTER.
OF THE
Planters Hardware Company, Limited.
STATE OF LOUISIANA,
PARISH OF ST. MARY.

ana twenty >HIutH, DCloiC "S. doul
Mayer, Notary Public, in and for tn
Parish Of St. Mary, State of Louisiana
duly commissioned and qualified, AM
in the presence of the witnesses herein
after named and undersigned personally
came and appeared the persons whose
names are hereuntO subscribed, who de
clared that they, by these presents, de
form themselves and constitute cor
poration under the following stipula
lions and agreements, which they hereby
adopt as their Charter, to-wit:
| ARTICLE |.
The name Of said corporation hereby
formed is declared to be "THE PLANT.
ERS' HARDWARE COMPANY, LIN.
TIED" Its domicile shall be in the town
of Franklin, Louisiana, and it shall have a
seal with such inscription and device as
may be selected by the Board OF Direc-
tors. The President or in event of his
| inability to act by reason Of his absence,
or from other cause, the Vice-President
is hereby declared to be the person upon
whom all citations and other legal pro-
cess shall be served. Said Company
shall enjoy succession for period Of
Ninety-n years from date hereof: and it
shall have the right to purchase, hold,
mortgage and convey, both real and per-
sonal property.
ARTICLE II.
The objects and purposes for which
this corporation is organized, and the
nature of the business to be carried on by
it are hereby declared to be wholesale
and retail hardware establishment. to
purchase Patent Rights, Inventions. and
oil i'm in n,anhInarv and fn
use and apply same in the course of their
business, TO buy and sell vehicles carts
wagons, plows. etc. hardware, machinery.
implements, ETC.. and to do any other
act and thing appertaining to, or con-
nected with the hardware business.
ARTICLE Ill.
The Capital Stock of this corporation
is hereby fixed at Twenty Five Thousand
Dollars 1925, 900 COY, represented b Two
Hundred and Fifty shares of One Hun
bred Dollars each; PAYABLE in INSTALL
ments as called for by the Board of Di-
rectors; it being provided that ten days |
notice Of each call shall be delivered to
each subscriber in person or sent him |
through the mail. This corporation
,hall have the right to commence bust.
less as soon as Three Thousand Dollars !
8 subscribed for and paid in. The Cap
tai Stock may be increased to an amount
Tot exceeding Fifty Thousand Dollars, /
500, OO0.O0), in the manner provided by
aw, and persons holding stock shall
lave the right to subscribe for such
took in proportion to the number of
hares then held by such person or per-
ons; and which stock shall be paid for
/ such times and in such sums as the
Board of Directors may direct.
If any installments are due upon the
took Of this Company and shall not be
aid as and when called for, said stock
hall be forfeited to the Company, to-
ether with all installments paid there
n without any legal proceedings: and
he same shall be sold in such manner :
3 may be provided by the Board Of Di-
sctors.
ARTICLE Nv.
All the corporate powers Of this cor
Oration shall be vested in and exercised
Y Board of Of Directors to consist Of
N. each being stakeholder of said
ompany, The Secretary and General I
anager shall have full power to pur- q
iase property. patent-rights, inven~ 9
ons. machinery, Implements, ETC., and {
} have constructed buildings, machin-
y, implements. and other appuri ances I
I'd appliances necessary for or inciden-
4 to the carrying on of said business, q
sell or exchange. The Board Of Di- I
e. ors sh all make and establish all By b
AVIS, Rules and Regulations for the s
of the business Of the Com t
my; and to change, alter and amend I
Q same at pleasure; at any meeting Of =
e Board vote of the majority pre-
Mt shall govern.
The Board Of Directors shall elect a
esldent, Vice-President, Secretary and
easurer and the Secretary shall be ex-
iclo, the General Manager Of the bust
50 of the Corporation.
The Secretary and General Manager
all have the right to employ all clerks
assistants in the conduct Of the
siness and shall fix their salaries.
be first Board OF Directors shall be com d
sed of the following named stockhold- OF
I: Jas. A. Peternan. H. c. Rose. j. R. OF
id. E. A. Hanson. s. We'll. Z. A. Bar. Of
ar, Percy Saint. Fl. S. Pickett, j. B
|ly Aartel and w. L. Jones, and they c.
Ill hold Office until the second We'd in
'day Of June, 1906. or until their sue L,
sors shall have been duly elected and, iii
Allied; each Board of Directors shall es
Get one of their number as President. pc
70 shall hold Office until his successor err
III have heen elected by the succeed re-
Board Of Directors. he
The said Board shall elect a Vices cl,
'sldent; Treasurer and Secretary and &c
latter shall be ex-otficio General in
mayer Of the business. ca
The Secretary and Treasurer NAV not an
stockholders of the corporation. til
Jntll the election to be held on til Q KIN
ond Wednesday of June, 1906. the Is,
lowing shall serve as President. Vice. a
,sident, Treasurer and Secretary: J. st;
~ Martel shall be President. H en-
lwIord Rose shall be Vice. President. Of
n We'll shall be Treasurer and Will lar
Jones shall be Secretary and ex-officio Ju
neral Manager Of the business. prt
majority of the Directors shall con- en-,
ute quorum for the transaction Of CO,
business; all yacan :ies in said Board pre
death, resignation or otherwise shall sci
hlied by the remaining Directors. or
n the second Wednesday of Jnne ass
}. and annually thereafter, an cleo cor
OF Directors shall be held at the Of leg
OF the Company, and the Directors sal
elected shall hold their Office for still
ensuing year, or until their success
are elected and qualified. A major I
OF votes, counting one vote for gui
Il - n