The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1907-04-13
CHARTER.
UNITED rTATES OF AMERICA.
STATE OF LOUISIANA,
PARISH OF ST. MARY.

STATE OF LOUISIANA,
PARISH OF ST. MARY.
BE 1T KNOWN. that on this 10th
day Of the month Of March in the year
of our Lord One Thousand Nine Hun
dred and Seven. and Of the Indepen-
dence of the United States OF America
the One Hundred and Thirty
Before me. Chas. j. Boatner. Notary
Public, in and for the Parish of St. Mary.
State of Louisiana, duly commissioned
and qualified, and IN the presence o. tn
witnesses hpr..inafte- named and under
signed.
Personally came and appeared tn
several persons whose names ar" here
MT" subscribed, VII" declared thai
avail NJ Themselves Of the provisions "f
the laws Of The State Of Louisiana, rel
alive 10 the organization Of corporations,
they do by these presents, for them
selves, their associates. successors and
assigns. form themselves, their success
sors and assigns, into corporation I'M
der the laws of the State of Louisiana,
under the following terms and conditions,
to-wit:
ARTICLE
The name of this corporation shall be
The PLANTERS MOLASSES & DIS
TILLING COMPANY. LIMITED, and under
that nume it shall have and enjoy cor
porate existence and succession for the
period of ninety mine years from the date
of this act, and shall have and enjoy all
the powers conferred by the laws of the
State of Louisiana on corporations.
ARTICLE II.
The domicile of this corporation shall
b. in the town of Franklin, Parish of
St. Mary, State Of Louisiana. All cta-
tons and other legal process shall be
served on the President Of the company.
and during his absence, on either Of The
Vice Presidents or Secretary.
ARTICLE III.
The purpose for which this corpora
ton is formed and the nature of the
business to be carried on by it. are de-
clared to be to buy molasses, to sell mo-
lasses, and to distll molasses or any
other material from which alcohol can
be extracted.
ARTICLE Nv.
The capital stock of this company is
hereby fixed at the sum of One Hundred
and Fifty thousand Dollars, to be rep
resented by Fifteen Hundred Shares of
the par value Of One Hundred Dollars
each, and Four Thousand Dollars of the
eaid capital stock must be subscribed be-
fore the company can be organized and
become a going concern, the remaining
shares of said stock shall be issued by
the Board of Directors rs they shall
deem fit. All shares of stock shall be
paid for in cash, property, or labor done.
at the time same are ISSUED.
Said stock shall BE- represented by
stock certificates transferable only on the
hooks o. the company, on surrender
OF the outstanding certificates or proof Of
their loss.
No shareholder shall have the right to
vote on any share Of stock acquired by
him within ten days prior to the meeting
1t which same shall he voted.
The said capital stock may be in
creased or diminished by proceedings
taken in accordance with the laws Of the
State of Louisiana upon such matters.
ART1CLEV
All the powers of this corporation shall
be vested in and exercised by q Board of
Nine Directors, each of whom shall own
Of least two shares of the capital stock
of this company All of said directors
shall he elected annually, by ballot and
under the supervision ut two election
commissioners appointed by the Board
of Directors, ut the annual meeting of
the stockholders. which annual meeting
shall be held on the first Saturday of
March of each year, ut which meeting
every stakeholder shall have the right in
person or by proxy, to cast one v"te on
each share Of stock held by him. Three-
fOurths Of the votes cast shall be re-
Quired to elect any member If the Board
81 Directors.
Five members Of said Board Of Direc-
tors shall constitute quorum for the
transaction Of business. Said Board Of
Directors shall have the power TO I'll all |
vacancies occurring in Board. and all
Officers and directors shall hold and con-
tinue in office until their successors |
shall have beon elected and qualified. |
The said Board of Directors shall have
full power to elect and appoint snch Of
ficers, managers, agents and employees |
a. they may deem q, and proper. and t"
fix the compensation of said officers,
managers, agents and employees.
The annual meeting Of the stmkh"l-
.lers shall I've preceded by ten days m",ice
published in any Of the newspapers in
the town of Franklin. Louisiana, and also
hy a ten days written notice addressed 10
each iockholder. The Board If Dircc-
tors shali have full power I" provide for
general and special meetings nf share
holders or If the Board Of Dir. c,ors
ANY member OF the Board of Directors
who may lie absent from Franklin, ma.
rive \ written proxy e., ANY other mem.
Der Of said Board Of Directors to repre-
scnt him on al! matters ut any meeting
IT the Board Of Directors, whether
special or general.
The Board Of Directors shall have full
power and authority to do All such acts
aud things as may he nee. ssary to carry