The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1907-07-20

transfer is made upon the books =. !,
company. Any transfer made y. \. @
owner OF the stock may be effected Nv.
mere delivery of the stock itself. anS,,.
holder OF any portion of the stock ~ ~. IL.
corporatinn shall be accredited =. ~ ~, .'
owner thereof, unless the contrary .ho.is
appear and shall be paid in full hstos~a
issued. Stock shall be paid for a. c.I,s.
for by the board of directors ~-''ea
ARTICLE V.
All the powers of said corporate,
shall be vested in and exercised Nv
board OF directors to be composed -
three !3) stockholders, to be aelec,.a
annually on the First day of Jane =,
each year, beginning in the wear ninet.s'
hundred and eight (l9O8.) All snes
elections shall be ty ballot. and ess1
stockholder shall be entitled to one W..
for each share Of stock standing in h;s
her or their name, on the books of thu
company, to be cast in person or pro.v
an" majority of votes shall elect. and
OF which election ten (1O) DAYS prio,
notice shall be given in one or NOR.
newspapers published in the Parish of
1t. Mary, and by written notice to each
stakeholder of record. Said board SHAH
make and establish, as we'll as alter and
amend any and all bylaws, rules and
regulations necessary for support and
management Of the business and affair
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 valne
in payment of labor done or money q,
property actually received by said corp,.
ration.
The officers of this corporation shall
he President. a Vice-President.
Treasurer and Secretary, the Offices Of
Secretary and Treasurer may be filled by
one person.
| ARTICLE vi.
This act of incorporation NAV 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 or from any other
cause, its affairs shall be liqui,iated
under the supervision of one liqui,lating
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 ths
same written prior nDtice to each stock.
holder Of record, and the assent of three.
fourths of the stock represented at such
meeting. The said commissioner shall
remain in office until all the affairs Of the
corporation shall have been liquidated.
ANY vacancy occurring from any Gauss
whatever shall be filed by 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.
fourths of the stock represented at such
meeting.
AM lOAC LA.
No stakeholder shall ever be held liable
or responsible for the contracts and fault
of said corporation, nor shall any inert
informally in organization have tn
effect of rendering this charter null. o.
of exposing any stakeholder to On!
liability.
The following stockholders shall con
stitute 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, wit
Giro L.mpo, pres ident: Ben. Lampo
vice-president; and Sam Lampo, secfe
tary-treasurer.
ARTICLE TX.
This cornDration is hereby authorizes
to begin business at once, the requlslt
amount of capital stock having bee
subscribed by the present incorporation
who write opposite their respec,lv
: names the number of shares suoscnoo'
nv each, on signing these preseota
. which is hereby adopted IN lieu "
preliminary subscription list.
Thus done and passed at my once o.
the day and date first above written
the presence of J. F. Terrell, Jr., 90
|. VIM J. Ager, competent Witnesses w y.
hereto sign their names together VIII
said appearers and me, notary.
~ I,mno ..... so Share
g. 'i,,no >, / Share
! Ben LamDO. $500. ......'.''''
Witnesses:
, Signed:
81 j. F. TERRELL, JR.,