The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1907-03-23
CHARTER.
UNITED TATE~ OF AMERICA.
STATE. OF LOUISIANA.
PARISH OF ST MARY

| STATE or LOUISIANA.
| PARISH OF ST MARY.
| BE IT KNOWN. that on this 1911
day Of the month ot March in the yraI
! Of our Lord One Thousand Nine Hun
| dred and seven. anvil of til" Indcpcn-
| dence IF the United states ni America
| the One Hundred aud Thirtv-tirst:
Before me, Cha>. j. Boatner. Il Notary
Public. in and for the Parish Of ST MARY
State Of Louisiana, duly comui STONED
| and qualified. and in the presence Of the
| vi -ncsse> hcrcinattc: named and under
signed,
Personally came and appeared: the
severai persons whose NAMES are here
unto subscribed. vino declared that
availing themselves Of the provisions @.
he laws of the Stale of Louisiana. rel
atvc to the organization If corporations,
they do by these presents. for them
selves. their associates. SUCCESSORS ard
assigns. form Themselves. their suctes-
soro an6 ASST gns, into IA corporation uu-
der the laws Of the State of Louisiana.
under the following terms and conditions.
to-wit:
ARTICLE |.
The name of this corporation shall be
TnE PLANTERS MOl.AS>E> * BIS
TlLLlNC' GoMrANY LIMrrED, and under
that name il shall have and enjoy cor
potate existence and Succession for the
period of ninct% -nine wears from the date
of this act ami shall have and enjoy all
the poWcr, conferred by the laws ut ;he
State of Louisiana on corporations.
ARTICLE II.
The lomicile of this corporation Shall
be in the town of Franklin. PARISH ui
st. Mary. State of Louisiana All eliza
lions and other lcgal process shall be
served on the President Of the company,
and during his absence, on either IF HE
Nlce-Frc>dcnts or Secretary.
ARTICLE H.
The purpose for which This corpora
ton is formed and the nature of the
business to he carried on by it. are de
clurtd to be 10 buy molasscs. TO sell mo-
las>e>. and 10 di>tiIl moasses or any
other material from which alcohol can
be extracted.
ARTICLE ".
The capital stock Of this company j.
hereby fixed AT the sum of One Hundred
and Fifty Thousand Dollars, to be rep
resented by Fifteen Hundred Shares If
the par value of One Hundred Dollars
each. aud -Four Thousand Dollars of the
said capital stock must be subscribed be-
fore the company can be organized and
become gong concern, the remaining
shares OF said stock shall be issued hV
the Board of Directors as they Snail
deem lit. All shares of stock shall lie
paid for in cash. property. or labor done,
AT the time same are issued.
Said stock shall be represented hy
stock certificates transferable only on the
of the outstanding certificates or proof Of
their loss.
No STAKEHOLDER shall have the right to
vore on any share of stock acquired hy
him within ten days prior to the meeting
at which same shall be voted
The said capital stock may be :
creased or diminished by prorcedins
taken in accordance with the laws of the
state of Louisiana upon such matters.
ARTICLE V.
All the powers of this corporation sh Il |
he vested in and exercised by Il Board #
Nine Directors. each of whom shall CIV II
at least two shares of the capital stock |
of this compan; All OF said directors |
shall be elected annually. by ballot aud
under the supervision OF TWO election |
appointed by the Board
of Directors, at the annual meeting OF
the stockholders. which annual meeting
shall be held on the first Saturday Of
March Of each Year. at which meeting
every stakeholder shall have the right in
person or by proxy. 10 cast one vote ~
each share Of stock held by him. Thrcr>
tourths of the votes cast shall he re-
lured to elect any member If the Board |
Of Directors.
Eve members Of said Board of DiTcc
tors shall constitute a quorum for the
transaction of business. Said Board of
Directors shall have the power to fill al |
vacancies occurring in Board. and all
officers and diIectors small hold and con-
time in office until their successors
shall have been elected and qualified! |
The said Board of Directors shall have
full power to elect and appoint snch Of
ticcrs. managers. agents and employees |
AS they may deem fit and proper, and 70
fix the compensation of said officers,
managers. agents aud employees.
The annual meeting of The stockhol-
l@rs shall be preceded b.; ten days notice
published in any Of the newspapers IN
the town of Franklin. Louisiana. and also
by l ten DAYS written notice addressed IL
each stakeholder. The Board Of Dircc-
tors shall have full powe. to provide for
general and special meetings Of share
holders or of the Board of Directors.
Any member OF tic Board oi Directors
who may be absent from Franklin. may
give a written proxy to any other Incm-
Der of said Board of Directors 10 repre-
sent him on al! matters at any meeting
Of the Board of Directors. whether
special or general.
The Board Of Directors shall have full
power and authority 70 Ito all such acts
and things rs may he ssary to carry
out the objects and purposes for which
Ibis corporation is organized.