The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1905-04-22

specially provided otherwise, or otherwise regu
lated by law.
| for Messrs. Joseph Brig, Henry s. Palfrey
Clyde A. Barbour, Wilson Il. Peterman
Charles ID. Craighead, William Kyle, r. Lee
Riggs, William Davis and James A. Peter
| man shall CT institute the first board of direc-
tors, with Wilson L. Peterman as President
| of the corporation, Clyde A. Barbour AS Vice
President. and T. Lee Riggs as Secretary anu
! poratiOn and they shall hold their respect
I i've Offices until the Second (2nd) Tuesday
! in june 1906, or until such time as their sue
cessors shall be elected.
ARTICLE vi.
The Capital Stock of this Corporation may
be increased or diminished ut any time in
accordance with the laws of the State of
louisiana; and this Charter may be other
wise amended, altered or modified, OF the
corporation dissolved, by vote of three
fourths (3-N of the Stockholders, cast in per
son or by written proxy, at a special meet
ing called for that purpose, after written
notice OF such meeting shall have
stakeholder ut least ten days prior to such
meeting and shall have been published in at
least two consecutive issues of !, weekly
newspaper published in the Parish of st.
Mary, and at such meetings, the votes shall
be according to the number of shares of
stock, each stakeholder being entitled to
by him.
ARTICLE VII.
The stockholders of this corporation shall
never be held liable for any of the debts,
contracts. faults or obligations OF this cor
poratiOn, in any further sum than the unpaid
balance due upon any shares owned by him
to the corporation nor shall any infOrmality
in the organization hereof render this char
ter null. or expose amy stakeholder to any
liability whatever.
ARTICLE VIII.
At the dissolution of this corporation bv
liInitat ion OF its term otherwise, its affairs
shall be llQuidated by Three (3) cOmmss toner's
to be elected by the ckholders from among
their number, in the manner provided for the
election of directors and said commissioners
shall have full power and authority to collec:
ali claims, sell all property, and convey
acts necessary or incident to a prompt and
complete settlement and liquidation of the
affairs Of this corporation, and Il distribution
of the ultimate results according tc law.
ARTICE TX.
The entire Capital Stock of this Corpora
tion having been subscribed and paid tor as
follows. this shall serve as and constitute the
original stock subsCr ptiOns, viz: Joseph
Brig subscribes one hundred 400 shares
Henry ). Palfrey snbscribes two hundred
(2DO) shares, Charles ID. Craighead subscribeS
two hundred (2OO) shares, James y. Peterlnan
subscribes one hundred (lOO) shares, William
Davis subscribes thirty eight 1881 shares, X
Lee Riggs subscribcs one hundred (l0o>
shares, William Kyle subscribes nifty t5OD
shares, Clyde a. Barbour subscrlbeS one
hundred 1901 shares, Wilson I. Peternlan
subscribes one hundred 900 shares, \. L.
klienpcter subscriDes twelve ll2 shares.
Thus done and passed at my office in the
Parish Of st. Mary, State of Louisiana, on the
day and date first above written, in the pre-
sence OF Messrs. Gustave Guess and Enlilet
Alpha, competent witnesses, who have signed
these presents with said appearers anu me,
said Notary, after due reading.
("Originally Signed')