The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1906-10-13


Wilson Mckerall, and the Cashier shal
D. X. Emmet ONicIj, aud they shall
| hold office until their successors ar,
elected. ponelson cairery .Jr., shall be
fhe Trust Officer Of this Corporation
and bis tenn OF office shall expire when
!. new Board of Directors is elected. and
| bis success or shall be elected from among
the Board Of Directors on the new
| Board. J. w. Foster shall be First
Vice President. and Doneson Gallery
stall be Second Vice President.
ARTIGCE VIII
III j. ,r,s ot directors shall be elect
! 81 an"ual!y s}' thc -eron. Tuesday of
| .tatnary of each rCat. Ne lers0n Shall
| be eligible - serve or tn Board of Di-
| r@ct"rs "ho Owls less than ten shares of
! ne capital stock If this corporation.
| ~ such lcCti"ns shn" he by ballot and
| conducted at the oilicy Of the a>soca-
| ton, under the supervision Of three
| COMMISSIONERS. TO he appointed by the
Hour, OF. Directors. Notice oi such
election slal i, given By publishing
same lsi as]t .ess thai ten days prior 10
said election, il one or more ncws,a-
pefs Ill the Town # Franklin. Each
~ialc Of sock shal b. entitled to one
vote. The Stockholders may vote by
Written proxy. and a majority Of the
votes caSt shall etrct. ANY vacancies
occurring on hr Hrard Of Directors
>hall be II led h. it for The remainder of
he term nj the board IN case an cleo
ion is not held as provided for herein,
fho Directors tben in office shall hold
over until lheir Successors are elected
nnl qaalitad, and in "a / case, all e}ec-
ion ,hai' b. hcll ~ soon as possible.
afr"r notice has heta given as above pro-
N!ed for. Five Directors, including
t.te President or acting President shall
constitute II quorum for ihe transaction
i busIucsS. at the office OF the Bank
The directors sb:li cleo from their num-
hrr President. one or more Vice. Presi- |
'ientS. I'D a Cashier. They may from |
tine t. time appoint and employ such |
'!Ii"er" ASSISTANT cashiers, clerks and |
user employees. "a hey NAV deem |
"eetssa!y for the pnrpo:e of the busi- |
ness u THIS corporation, and they shall |
mold office at the pleasure Of the Board. |
ARTICLE TX.
The Board of Directors MAY make and
establish, alter on anlcud amy arj III
DN-!""-. rnlcS and rcgulat ans necessary
Il the nr"iicr sfttn#"cm@nt Cf The bust
- ana Affairs ~ this corporation. Ill
fpJr .tA powers Hte hcrchy vested i
g hon,d Of Directors. or il such Com
NIT q or officers as MAY he appointed hy
h :oaid with sub delegation of author
ARTICLE \.
r." set, Of this c0rppratiun shall he
p"lcan 1rrdin. her young encreled
\ - the words III st. Mar. Bank and
MT Company. Incorporated August
!ti6'
ARTICLEX1
Neither the President or Cashier OF
HiS h a.< siisil ever be permitted to bor-
pw rom l.. either with or wthou: col
r-.i't> -ecH3't> any amount exceeding
90 ,cr cea5. Of tie capitol stock of the
,aa<, a"d all such loai.s must be first ,
irctionea by the Board Of Directors.
. the absence Of the applicant for the ,
JaE.
ARTICLE MI. I
Wici ,.vor this corpnration is dssnlv-
i, either by l'E..tati"n Or for any other
.,i>'s, i's Affairs s!.al] ,e liquid,ted bv ,
lfee stockholders, To te appnihted at a
neral meeting. notice Of which shall ,
" published for thirty days in news
iper "i papers published in the Town ,
/! ! lin, and ii Ma joritv OF the stock
Gtd"is vuEtn. it said meeting will be Z
'quile ed to elect. IA case OF a vacancy
"urg the Commissioners, the remain :,
x Commissioners ,hali elect a new one
ON among the stockholders.
ARTICLE NH. .
!! i''s Gkatt,-f NAV be modified. altered Y
rame;drd. ;he said Corporation dissolv-
+! with the ass ut uf two-thi.ds of the |
ockholders present. or represented by
roxy at a general meeting Of the stock J
,!e:s called for that purpose. after
)tIce thereof has been given in one or =
ole newspapers published in the Town
fraukiin for thirty days preceding T
iii mec.u" aad aff"r written notice
each stoekhniUer mailed to his last n
lowu post office, a least ten days be-
re sad mreting. i.
ARTICLE XIV. !'@ !,
No stac!tnotde, .leu he liable for the
'ntract> nr ta!it, If ih.s corporation in N
~ further sum tilaa one hy him on his
.,scl iti"u i"r stock; j
Thus dol.e, read and signed at my Of
e, Ia the Town of Franklin. Parish of \
:. Mary. Site oi Louisiana. in the
G.cncr ii in" <. 'utgiD aud J. NJ. {
at4erN. two competent witnesses of
"tui aTe aEd apm.ciie, who have here NJ
ITO affixed their signatures together
it'll the pant ties hereto. and me. said };
olarl, on the t.;y anl .atc first her-iu-
,ove written.
Original signed')
No
Maine Address Shares nc
-ilson ckerall Fra nklin. La l36 V
Ill.