The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1905-04-29
CHARTER.
OF THE
Planters Hardware Company, Limited.
STATE OF LOUISIANA. |
PARISH OF ST. MARY. !

the month OF hp'li. III luc NSdi ~ W
Lord one thousand nine hundred an
Eve and the independence Of the Unite
states Of America, the one hundrrdll
and twenty ninth, before me, Herr,
Nayer. a Notary Public, in and for tn
Parish of st. Mary. State Of Louisiana
duly commissioned and qualified an'
n the presence of the witnesses herein
after named and undersigned. personally
came and appeared the persons wh"s'
names are hereunto subscribed. who de
clared that they. by these presents. %
form themselves and constitute q CT
noration under the following siipnIa-
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 PLAN l.
ERS' HARDWARE COMPANY, LINZ
TIED" Its domicle shall be in the town
Of Franklin, Louisiana. and ii shall have Il
seal with such inscription and device as
may be selected by the Board Of DIrrc
TORS. The President or IN event of HI
inability to act by reason of his absence.
or from other cause, the Vicc-PresiIent
is hereby declared 10 be tie person upon
whom all citations ana other legal pro
cess shall be served Said Company
shall enjoy succession for period Of
Ninety nine years from date hereof: land it
shall have the right to purchase, hold
mortgage and convey, both real and per
sonal property.
ARTICLE III.
The objects and purposes for which
this corporation is organized. and the
natpye of the business to be carried ~ il,
It are hereby decls-ed to be "a wh"lesar
and retail hardware establishment, to
purchase Patel Rights, Inventions and
all improvements in machinery and to
use and apply same in the course Of their
business, to buy and sell vehicles carts,
wagons, plows. etc. hardware machireiy.
implements, ETC.. and to do any other
act and thing appertaini4g 10. or con-
pected with the hardWare business.
ARTICLE III
The Capital Stock of this corpnra.ioE
il hereby fixed at Invent, Five Thousand
Dollars 1926, 200. COY, represented h Two
HuDdre,: and Fiji, shares Of One Han
dcei Dollars each: PAYABLE in install
nelts rs called for'by the Board of d.
rectOrs; it being provided that ten dass
notice Of each Call shall be delivered to
each subscriber in person or sent him
through the mail This corporations
shall haye the right to commence bust
pess rs soon as Three Thousand Dollars
10 subscribed for and paid in. The Gao
ital Stock may be increased to an amount
pot exceeding Fifty THOUSAND Dollars.
lD6D. 10000, in the manner provided b,
Jaw, and persons holding stock shall
hsys the right to subscribe for such
stock in proportion to the number OF
sbsres then held by such person or per
sons; and which stock shall be paid for
n such times and in snch sums us the
Board of Directors may direct
any miscellaneous are due upon the
stapk af this Company, and shall not be
paid rs and shen called for, said stock
shall be forfeited TO the Company, To-
grther with all installments paid there
on without any legal proceedings; and
the game sbal be sold in such manner
- may be provided by the Board Of Di-
fectOrs.
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. I he secretary and General
Manager shall have full power TO pur-
chase property, patent-rights, inven>
hons. mach inery. Implements, ETC., and
% have constructed buildings, machin-
cry, implements. and other appur ances
an'r appliances necessary for. or inciden
81 70 the carrying on of said business.
Hsell or exchange. The Board Of Di-
irEt0rs OBJ I'll make and establish al, Ky- /
laws, Rules and Regulations for the /
management Of tile business ot the Com /.
ns"y; and to change, alter and amen
W. same at pleasure; at any meeting Of !
HE Board Il vote of the majority pre-
Pat shall govern.
Ihe Board 81 Directors shall elect i !
President, Vi,e-Presidrnt, secretary and
Treasurer and the Secretary shall be ex-
oMcio, the General Mana ger Of the bust
nese OF the Corporation.
The Accretary aud General Manager
mall have the right to EMPLOY all clerks
sad assistants in the conduct of the
ousincss and shall fix their salaries
Ihe trst BOardOf Directors shal' be com.
posed OF the following named stockhoId-
en: Jas. A. Petornan. Ii q. Rose j II.
1000. =. A. Hanson. s. We'll. l.. A. Bar
oonr, Percy Saint. H.. s.. Pickett. ],
cuIly Martel and W. I. Jones, anu they
9ail hold Office until the second We'd
aesday OF June, 1906. or until their sue
cescors shall have been duly Elected and
1oallned; each Board of Directors shall
selsct one Of their number as President.
.no snail hold office until his successor
NAIL have been elected by the succeed.
- Board Of Directors.
!pe said Board shall elect a Vic,..
EfsHdents Treasurer and SECRETARY and
~ later shall be ex.ot1icio General
Nensget of The business.
4ne Secretary and Treasurer may not.
~ stockholders Of the corporation
pntli the election to be held on the
3eeo1d Wednesday of June, 1906, the
..uelowing shall serve as President. Vice.
ssident, Treasurer and Secretary: j.
w Mattel shall Ae President, H.
Rose shall be Vice President.
- We'll shall be Treasurer and Will
sooes shall be Secretary and ex-officio
eseersl Manager of the business.
majority of the Directors shall con-
so quorum for the TRANSACTION Of
a eoanesa; oil vaoanoies in said Board
"A eeath, resignation or otherwiac shall
- 1ned by the remaining Directors.
" the second "Wednesday of June.
49, and annually thereafter, an cleo