The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1907-12-28

the time OF subscription or Of its issuA
aIce. at not less than par. Stocks may
be issued in exchange for property or
rights actually received or purchased by
the corporation. or for such other valua-
BILE consideration or services rendered as
may be determined by the board of d.
rectOrs, provided that the stock so issued
shall br clearly equal to the cOnsidera-
ton thereof; and provided that no stock
shall issue until the consideration there
Of shall have been received by said cor
pOratiOn. No stakeholder shall sell his
stock until fifteen days prior notice of
his intention TO sell be given to the
Company, and the stockholders shall
lave the first privilege Of purchasing
tb. same. No transfer shall be made
wiihnut tn proper entry thereof Oh the
tork books Of the Company. This cor
poi alton shall commence doing business
as -n"n as seven thousand dollars Of the
caiIlai stock shall havs been subscribed.
The directors shall have the right to de-
Irrmime how much additional stock shall
i,p issued.
ARTICLE w.
| The corporate powers OF this Company
shall be vested in ard exercised by a
bard Of five directors; three of whom
shall constitute quorum for the trans
action Of business, and their decisions
shall he valid corporate acts. There
shall be elected from these a president.
aud a secretary and treasurer. The
board of directors shall be elected on the
first Monday Of May of each year. Until
the election Of 1908 the following per-
sOns shall constitute the first board of
directors: ". j. Burke. DIR. Geo. j. Sa-
batter. L. h. Grow and Robert Martin.
and until such time ". j. Burke, shall
be president. and Robert Martin. secre-
tary and treasurer. At every election
and meeting Of stockholders each stock
holder shall be entitled to one vote for
each share of stock registered in his
name. and may vote by proxy.
ARTICLE V.
The board Of directors shall have pow
er t0 ill vacancies in their number
canspI! by death, resignation or other
wise, from among the stockholders of
said corporation. The said board shall
have full control of the property of. this
Company. and shall so conduct, manage
and Use the same, as in their discretion
they deem fit. and that is consistent
with the objects of this Company or The
welfare Of the same. Ii may adopt
such rules and regulations as the affairs
of the corporation may require. employ
such servants, clerks or other agents AZ
Ii may appear desirable; 10 fix and de-
termine the salaries of officer and other
employees herein provided for
ARTICLE W.
! This charter may bs changed ar
. amended, the stock Increased or decI aas
ed, or the corporation dissolved at Il gen
pial netting Of the stockholders com
rened for the purpose, with tae assent
of thrpe-fOurths Of the entire stock is
sued. whether present or represented at
such meeting. Thirty days prior notice
Of such meeting shall be given IN any
any newspaper published in st. Martin
vile. Notice shall likewise be given in
writing. In case of dissolution Of this
cal poratiOn, the liquidation of its affairs
shall be conducted by three commits
sionerS. selected from the stockholders
at a meeting called for that purpose. a.
above set forth in this article. Said
commissioners shall REMAIN in office un-
Til the final liquidation. In case of the
death of Une or more of such commits
sioDers, the survivors or survivor shall
continue to act.
ARTICLE VII.
| No stakeholder Of this corporation
shall be held liable for the contracts or
faults thereof. in any further sum than
the unpaid balance due the Company on
the shares Of stock subscribed Tor or
owned by him. nor shall any informali-
ty in organization have the effect OF
rendering this charter null. or of pX-
posing a stakeholder to q y liability Ep-
y0hd the unpaid balance, If any, % hi,
stock.
Thus done and passed at MY office on
the day. month and year first above
| written. in the presenc. Of Mes,rI. Hen
ry 2. Olivier and Dan W. VOORHEES,, COM
petent witnesses residing in this Parish.
who hereuntO sign their names 20 geth-
er with the parties and me. Notary, af
ter due reading Of the whole.
l.. b. Grow. 30 shares.
George j. Sabatier, NJ. ID. 40 shares.
Walter j. Burke, 10 shares.
r. Martin, ITO shares.
witnesses:
Henry P. Olivier,
Dan w. VOORHEES,.
JAMES j. MARTIN. Notary Public.
Received and filed Dec. 5, 1907.
l. Bienyenu, by. Clerk.
State Of Louisiana.
Parish Of St. Martin.
l d. hereby certify that the foregoing
Charter of "The Grow Company" is duly
recorded i'll Conveyance Book 68. No
33ll2. this 9Th day of December, 1907.
j. Bienvenu, by. Clerk.
CHARTER.