The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1907-10-19

80
year, or until his successor is duly elect
ed and qualified. The following named
stockholders shall serve in the capac-
tiles named, until the next annual cleo
ton to be held on the first Monday in
October. 1908: Harry D. Smith. Jr..
President; D. S. II. Smith, Vice-Presi-
dent and Il. Herbert Smith, Secretary
and Treasurer.
ARTICLE VIII.
The duty of the President shall be to
preside at all meetings of the Board of
Directors and stockholders. sign all
papers divesting or encumbering the
property of the corporation, sign all
leases, mortgages, contracts. etc. and
be the proper officer upon whom service
Of citation shall be made
1t shall be the duty of the Secretary
and Treasurer to act in all the aforesaid
capacities in the absence or inability of
the President
The Secretary and Treasurer shall
keep complete and accurate record of
all the meetings of the stockholders and
board Of directors and keep, or cause to
keep under his supervision. a complete
set of books covering the transaction of
the body corporate. which said set of
books shall at all times be open for in
spection to all stockholders of the cor
poration
He shall he the custo dian of the funds
Of the corporation, and shall dsburse
the same only upon the warrants drawn by
himself, and approved by the President.
At the option of the board of directors,
he may be required to furnish bond in
such an amount as may be consistent
with the responsibilities of his office.
He must also make tabulaied and
itemized statements Of the financial con.
ditiOn of the Company at the Will of
the directorate.
The salaries of the aforenamed Off
GERS shall be fixed by the board of d.
rectOrs.
ARTICLE TX.
No stakeholder hereof shall be liable
for the debts or contracts, obligations or
fanlts of this corporation beyond the
unpaid balance due by him for the shares
OF stock purchased in said company, or
shall any informality in the organza-
ton Of this Company have the effect of
this charter void, of exposing
any stakeholder to any liability other
than aforesaid.
ARTICLE X.
This charter may be changed, mod.
fed or altered, or it may be dissolved
with the consent of three. fourths a. of i
the capital stock represented at a gener-
al meeting of the stockholders regularly
or especially convened for said purpose.
after fifteen days previous notice thereof
has been mailed to the last known adj
dress Of each stakeholder.
ARTICLE ri.
Whenever this corporation is dissolved |
for any cause. its affairs shall be liqui- |
dated by three commissioners appointed |
for said purpose by the board of direc- |
tors, after thirty days previous notice !
Of such contemplated dissolution shall |
have been given in weekly or daily |
newspaper at the dOmicile of said Com
pany,
These commissioners shall remain in
office until the affairs of the corporation
shall be liquidated, and shall be paid !
for their services according to the fee
fixed by the board of directors.
In testimony whereof the parties here
TO- have signed these presents and indi-
Gated the amount of stock subscribed by
them in the presence of the other cons
petent witnesses. and me, Notary, at my
office in the town Of Franklin, Louis
ana, on this 18th day of September, A.
D., 1907.
JOHN M. CArFERY, 1865 Shares.
HARRY d. SMITH, 1865 Shares.
X. HERBERT SMITH. 975 Shares.
ii. d. SMITH, 80 Shares.
ID. 5. h. SMITH, % Shares.
MAHLON w. MATTIsoN, 90 Shares.
Witnesses:
w. H. LATHAM,
l.. A. LOUsTALOT.
HENRY d. SMITH, Notary Public.
tate of Louisiana-Parish of St. Mary.
|, VIM. X. Wilson. District Attorney
within and for the 23rd Judicial District
# Louisiana, do hereby certify that |
ave carefully examined the above and
oregoing charter Of the "Orion Oh
company. Limited and find nothing
herein contained contrary to law and do
creby approve same.
W. K. WILSON.
Dist Atty 23rd Jud Dist.
tate of Louisiana of St. Mary.
!, Wilbur II. Kramer, Clerk 23rd
JUDICIAL District Court. Ia, and ex-
fficio thereof, do hereby certify that the
bove and foregoing is true and correct
opy OF the original act of Incorporation
I the "orion Oil Company, Limited" TN
lie in my office and duly recorded in
took "a Of Mortgages. enter 1888 O29 of
his date.
|" evidence whereof, witness my
ffic!al signature and seal this I4th dav
t September, 1907.
WILBUR II. KRAMER.
Clerk Court
lbs. REN[NAIQ