The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1905-05-06

The duties of the aforesaid off GERS shall be such
a. are usually conferred upon such officers of cor.
poratIonsi but the said board of directors shall
nave power to formulate and adopt such by FLAWS,
rules ana regulations defining their duties 40 may
De deemed proper. Any and all vacancies however
they may occur in the board Of directors or in am
OF ire Offices OF this corporation shall be filed b,
hers constituting the board OF directors shall con
sttufe a quorum for the transaction of any ana
az bus1ness eAeep! such as may DO herenaftg
lated by law.
Until the election herenabove provided
l9r Mess-s Joseph Birg, Henry S. PalfreJ
Ciyde a barbour. wilson T: Peterman
Riggs, William Davis and James A. Peter
mar shall cc institute the first board OF direc.
tors with Wilson I; Peterman as President
President, and K. Lee Riggs as Secretary and
| Treasurgr and Gen eraI Manager Of the cor.
| poration: and they shall hold their respect.
i've offices untl 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 at any time in
accordance with the laws of the State OF
Louisiana; and this Charter may be other.
wise amended, altered or modified, or the
corporation dissolved, by Il vote OF three.
fourths go OF the stockholders, cast in per-
SIN vi ~ ~littcH pIpAv, III SpcCIhl ulCCt-
ing called for that purpose, after written
notice of such meeting shall have
been sent by mail by the secretary to each
At s asys to
least two consecutive issues Of a weekly
newspaper published in the Parish of 81.
Mary, and at such meetings the votes shat!
be according to tue mum her OF shares Of
stock, each stakeholder being entitled to
one vote for each share of stock owned by
by him.
ARTICLE VII.
The stockholders of this corporation shall
never be held liable for any OF the debts,
faults or obligations OF this cor
poration in any further sum than the unpaid
balance due upon any shares owned by him
10 the corporation; nor shall any infornallty
n the organ iZation hereof render this char
er null. or expose any stockholder to any
liability whatever.
ARTICLE VIII.
At the dissolution of this corporation by
imitation of its term or otherwise, its a1atrs
hall be iquidated by Three t3l commissioners
o be elected by the stock holders from among
heir number in the manner provided for the
lection of directors; and said commissioners
hall have full power and authority 20 coI!ect
II claims, sell all property, and convey
omplete titles thereto, and general 90 all
cts necessary incident to a prompt and
ornplete settlement and liquidation OF the
fairs Of this corporation, and distribution
T the ultimate results according TO law.
ARTFCE TX.
The entire Capital stock Of this Corpora
on having been subscribed and paid for as
blows. this shall serve as ana constitute the
ie nal stock subscriptions, viz: Joseph "a
irg subscribes one hundred fl00) shares,
enry s Palfrey subscribes TWO hundred
0ol shares, Charles d. Craghead subscribes
70; hundred l2OO) shares, James 4. FeterlnAn
bs.ribes one hundred 400 shares, William
avis subscribes thirty eight 80 shares. y
.e Riggs subscribcs one hundred tloo)
ares. William Kyle subscribes nifty (50) e
ares. Clyde \. Barbour suIserbes one
Indred flWl shares, Wilson II. Peterman
bscribes one hundred IO0l shares, A.. L.
ienpcter subscriDes twelve fl2l shares.
thus done and passed at my office In the
rish OF St. Mary, State Of Louisiana, on the
v and date first above written, in the pre-.
ice of Messrs. Gustave Guess and Einmet
,ha, competent witnesses, " no have signed
ese presents with said appearers and me. 4
q Notary, after due reading.
("Orignauy signed."l