The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1907-07-13

transfer Is made upon the books If -.
company. Any transfer made bv
owner Of the stock NAV be effectaS,u ~
mere delivery Of the stock itself anS,, :
holder of any portion of the stock Of t NV
corporat!nn shall bc accredited 10 W., .n'
owner thereof, unless the contrary sbor rs
appear and shall he paid in full hofa"a
issued. Stock shall be paid for a. calIaS
.or hy the board If directors. 'eu
ARTICLE V.
All the powers of said corro,,.:.
shall be vested in and exercised nv
board OF directors to be composed .,
three t3) stockholders. to be selec,sa
annually on the First day of june ~
each year, beginning in the year ninetesn
hundred and eight (l9OS.) All such h
e'ecrlons shall be Ey ballot. and easS S
stakeholder shall be entitled to one vo,.
tor each share of stock standing in hin
ier or Their name, on the books of thu
company. to be cast in person or proyv
and a majority of votes shall elect. and
OF which election ten (lO) days prior
notice shall be given in one or moro
newspapers published in the Parish Of
st. Mary, and by written notice to each
stakeholder of record. Said board shall
make and establish, as well as alter and
amend any and all bylaws, rules and
regulations necessary for support and
management of the business and affairs
of said corporation. Said board Of
directors shall have full power and an.
thorlty to borrow money. execute mort.
cages, issue notes, and also to issue and
deliver full-paid shares of stock OF said
corporation at not less than par value.
in payment of labor done or money or
property actually received by said corpo.
ration
The officers of this corporation shall
be a President. Vice-President, a
Treasurer anG Secretary. the Offices of
Secretary and Treasurer may be filled by
| ore person.
ARTICLE vi.
This act of incorporation may be
modified, changed or amended, or alter.
ed, or said corporation may be dissolved
| with the assent Of three-fourths of the
stock represented at such meeting, after
ten 1O) days written notice to each
stakeholder of record.
ARTICLE VII.
Whenever this corporation is dissolved!
either by limitation o" from any other
cause, it's affairs shall be liquidated
under the supervision of one liquidating
commissioner, to be appointed for that
purpose from among the stockholders Of
the company, at a general meeting Of the
stockholders convened after thirty days
published prior notice together with the
sarle written prior notice to each stock.
holder of record, and tie asse It of three.
fourths of TIE stock represented at such
meeting. The said commissioner shall
remain in office until all the affairs Of the
corporation shall have been liquidsted.
Any vacancy occurring from any Gauss
whatever shall be filed by y special
meeting of the stockholders of the com
pany convened after thirty days
published prior notice together with the
same written prior notice to each stock
holder of record. and the assent of three
| fcurths of the stock represented at sucl
meeting.
ARTICLE VIII.
No stakeholder shall ever be held liable
or responsible for the contracts and fault
of said corporation, nor shall any mef
informally in organization have tn
effect of rendering this charter null, O
of exposing any stakeholder to on
liability.
The following stockholders shall con
,titute the first board Of directors, 70
wit: Giro Lampo, Salvador Lampo an
Benaldo Lampo. they having been chose
and elected as such to serve until thei
successors are elected and qualified, VIII
Giro Lampo, president: Ben. LampO
vice-presdent: and Sam Lampo' secre
| tarv-treasurer.
ARTICLE IN.
This CORPORATION is hereby authorize
to begin business at once, the requlslt
amount of capital stock having bee
subscribed by the present incorporator
who write opposite their respectlv
names the number of shares subscribed
by each. on signing these presents
which is hereby adopted in lieu Of
preliminary subscription list.
Thus done and passed at my once o. }:
the dav and date first above written Il
tbc presence of j. F. Terrell, Jr, an'
VIM J. Ager. competent witnesses WV,
hereto sign their names togetner VIII
said appearers and me, notary.
% ro 80. so Share
OK ! a,nno l Share
Dan, D'" amno Share
| Witnesses:
| Signed:
!. +. Terrell, JR.,
| W. - Notorv puhlC