The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1905-03-11

. P,rish of 81 Mary ! onfsinns ,,bn d,,.l.,rn,
and ack nnwIedp,. INTO me sara Notarv
that ;tyiiling themselves ii the laws al Hi
Stat. RELATIVE. to the orEauizatiun of t.ornn
, r.tjous of limited liabiIftv thev h,,v. .ny,.n
;,uted and do hereby cnysnnut and contr>;r
ami bind ana nhlj,rate themselves and al
other such persons as may here after become
! ami constitute :, cornorytit, or hnny nolit :.
; in law nnder IN. stvI. ana tiIIn fnr H., nk
i.ats a,,L ,,nrn,s., ,.,,I 80, -, ~ n, ~
ana stinulatinns fnIfnvinu tn wit.
-,
AhIIt LIZ L.
The na,ne aud NH. -, tbis ,,,,,.,,.s,i,,
shan he thn " HEif IN I1vfrti'n
under its s.,;d cnrnnrst. na,,c II sb.,i1 nv,
tho newer ana aIithnritI e. ..x;s+ IVA i,'r
sur..ss;on fnr. n,.ri,r az NinnIt Xin. ~
wears from thc datr of this art ,,f jnc,rn..
ration a,I,, under is s.,id uarue il st.lI ,av,
AZ. uow.r -, .ontr,ct - Sn,. ma h. l,t.d
r. obi in 5u,I us.. ), rSrnnrate saal and tbr
same, tu alt or q break ar ts ulp.s,r,. T., hold
| .nl nur.h.s, In.,sn ,n.l .pn,,,,. ,,n,t.r IL :
! curnhr.tta nam. Drnnerfy ,ith.r r.al ar
! ntrsonni cornnrc;,i or iI,cornnrr,I tn n,a.t
! md .,nnoint sucb officers dirnctnr, .,,4nts
book krepers' clerks and otbtr rrnrrs,,nta
| tivrs aud ;.Iunlnveea ,s ena s,id cnrnur,tion
/ ,,,,y r,.c,ira r., i V th. salaries tborrnf ma
to make and establish such by laws, rules
for m, nrnnnr cnn,i,.5 ma ,{i',I,",,,.,pant ~
40 items ~ c;d or'r ., -,
t" change alter or annul agpIeasure. ',''''>
! ,DrrIrr II,
AItli~iAE IL.
The donicilc of this corporation shall he
| in the Town of franklin Perish of II Nary
~ AZ. of T oui.i.ua and an citations nr ~ nv
legal processes shall he served anon tht
Pre- sident. or in his absence. the vice. Pres.
! dent or in thn ,bsanca nf bntb MOI, IN.
Secretary OF this corporation.
AMI lSLE Ill.
The objects aud Durn.ses for which .b;s
c,rpor3tiSu is Or,ra,iizrtI and IN, nature M
the business to be carried on by il arr. hereby
declared to be to purchase ana acouire ~.
stock in trade. gooG Will. ana iuarr,nfiic
business al MItthew Roll and to c',,r,. ~,
and conduct n general .mnr,.handisinr iusi
ness IN the Town of Franklin or elsewhere
with newer Ia buv sell .,nd .xcb,trun al
classes ii goods. wares ana rnerri,tndiss.
LIQUORS etc. and in fact Ia do a ,yrnaraI MGR
cLuudis;np business ana TO If ,t.sir.d nn,.r
ate in connection thrr.with !, wboIrsaie ,nd
jobbers business in such line or lines as it
NAV desire To handle and +, Oman sucb
branch store or stores AS If may dastra ma
in the interest of said ms mess tn tn.,ke suct'
advances as are required; and to carry ont
tb, nurp,sas n.rsnf. il S,,.,I nav. n,,!ar ~
receive security by wav of rnnrtJ;,oe and
pledge. etc and 10 barrow money md issna
notes and secure the same by mortgage,
pledge or or herwlse
,,rrl.,
Ahll(I1E Nv.
The authurizea caDitaI stock Of tbis corno
ration is hereby fixed at Fifty Thousand Dol.
lar, $50 0r0 LOl divided inro E;va Hmndrad
I5OOl shares of one Hundred Dollars IsJUo NDl
each: All stock issued to be paid for in cash
when said stock ia issndd VA '"oi ooi'7
!his corporation shall he. autnoriynd Tn
bc.ju business ms soon MS ;, m,ioritv IF thc
shares of stock shall have been sIbscribad
for and issu,d
,r,,r,,,rr
ARllt LII v.
All the corpor ne mowers of this ,.,rnor,
tion sh,jI ha vasted il. and aynr,.;S,,i P -
Board of Directors cc,nnoscd ut three stock
h., elders, to Of whom shall constitute a quorum
tor the transaction of business: the said
Board shall be elected on tne first Tuesday
in March, 1906 and in each succeeiino vnar
on the same day ana month; Of which said
nrior tharntn LI vi nti tI sase. i
fo each nf the storE hn,dars a. iaan+ HHe ,,a,,
,I.ys nri:r To said alectinn E.ni, 80,
hoiIer sJ,,l, he antitted :" - 80 49, "a
he shall have shares OF stock which NAV he |
east in person or by nroxv ana :, nnainrityv 81
ali vnras c..t sh.I .!aot nj - I.'.. 20 |
r l.. vot In "a id elect iou o j., n,ha h w
matter or controversy arising at any meet
ing or meetings of the stockholders or of the |
Board, the tie vote shall be east by the Presi
dent a 1aliure to elect Directors on the /
date above specified shall not have the effect |
OF dissolvlnS this corporation, but the lncum-
peht DIRECTORS or o1hcers SHALL III such event,
hoia ONCE until their successors shall be |
eiected ana qualiflcd under Il meeting held |
after notice duly given as above prescribed.
Any vacancies occurring IN the Board OF
directors snail be hlled from the stock
holders Dy the remaining Board of Directors.
ARTTCJ vi
ne oiicers OF tins corporation shall con-
SYST pr President, Eice-Presidc and Sec
fetyry ana Treasurer The offices of Vice. |
i'refident and Treasurer or that of Secretary !
inT treasury may be held by one and the
sa4le person, as decided upon by the Board |
II directors. The said officers shall be cleo
.eY ny the Board OF DIRECTORS at the same !
ape at Wilcn the Board OF Directors is cleo |
efi, ana the Office rs thus elected shall have
)YWef TO employ snch clerks, book
ittpers, agents ana employees are ne
;fssary Tor the business OF said company,
Fid TO nA inc saiaries OF same
| ARTICLE VII.
M
ne noi1 e. ~ na1hea persons shail constr
W ny ~ ~ i,0''ir " DueGt'is' |
Mh,.neM De.i, Toih ~. beii ana Joseph
, - i, @ VII, w pen as Itsideht' oohn
f = - , seiueiI. anu treasurer, ana
80, SnGP ~ AZ. .a"A az ~ .taly ana iHSy
, ... '.u oiiioI en- u,i 'heii SUCCESSORS are
e"'" anu suo.neu-
ARTICLE VIII.
All transfers of stock of this corporation
must be made upon the surrender of the |
certificate of stock and by or under the df |
ect ion of the Secretary of this corporation |
my stakeholder desiring to sell his stock |
must first offer the same to the President of |
aid company, VIII shall have the option ,
# purchasing the same for the company or
or himself at par value plus ten per cent |
Ter annun to be calculated from the dare Of | ,
he preceding inventory This advance If ,
IN per cent to be accepted as the earnings .
I said stock since said inventory ana 2o
void tn k inu an inventory -