The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1907-12-07
ARTICLE iii.


to shares Of One Hundred Dollars pach.
which stocks shall be paid for in cash at
the time of subscription or of its issu-
ance, at not less than par. Stocks may
b- issued in exchange for property or
rights actually received or purchased by
the corporation. or for such other valua-
Bile consideration or services rendered az
may he determined by the board OF d.
rpctors, provided that the stock 80 issued
shall br clrarlv Equal tn the cOnsldrra-
ton thereof; and provided that no stock
shall issue until the consideration there.
of shall have been received by said COR
pnrarion. No stakeholder shall sell his
stock until fifteen days prior notice OF
his iLtpnt on to sell he given to the
Company, and the stockholders shall
have the first privilege Of purchasing
the same. No transfer shall be madr
without tn proper entry thereof Oh the
stock books Of the Company. This cor
pOration shall commence doing business
as soon As seven hOu>and dollars OF the
capital stock snail havs been subscribed.
The directors shall have the right tn d.
termine how much additional stock shall
be Issued.
ARTICLE ".
The corporate DOw-rs OF this Company
shall bs vested in d exercised by a
board Ut five directors; three of whom
shall constitute a quorum for the trans
action Of business, and their decisions
shall be valid Corporate acts. There
shall be el,c cited from { .psr a president.
and SECRETARY and treasurer. The
board Of directors shall be elected Oh the
| first Monday of May of each year. Until
he election Of 1908 the following per-
SONS shall constitute the first board OF
directors: W. j. Burke. DIR. Geo. j. Sa'
batter. l.. B. Grow and Robert Martin
and until such time ". j. Burke, shall
be president. aud Robert Martin, secre-
tary and treasurer. At every election
and m citing of stockholders each stock
holder shalt be- entitled to one vote fol
zach are Of stOrk registered in his
name. and may vote by proxy.
ARTICLE Y.
The board If directors sEali have pow
~ to fill vacancies III Their number
canseh by death, resignation or other
wise. from among the Stockholders Of
said corpora ion. The laid board shall
have full control If thu property Of thi'
Company, and shall 40 Conduct, manage
and Use the same, as in their discretion
they deem ft. and that is consisten,
with tn. objects of this Company or TN,
welfare If the samr. 1t may adopt
such rul and regulations as the affairs
of the corporation may require, employ
such servants. clerks OF other agents as
it may appear desirable; 10 fix and DE-
trripine the salaries If officers and OthpI
employees herein provided for.
ARTICLE vi.
This caait,r may bs changed OF
amended, the stock increased or dpcreas
ed, or the corporation dissolved at gen
erai MEETING Of the stockholders con
venrd for the purpose, with the assem-
Of three fOurtlls Of the entire stock Is
sued. whether present or represented al
such meeting. Thirty days prior notice
Of such meeting shall be given III any
any newspaper published in st. Mar in
vile. Notice shall likewise be- given il
writing. In case of dissolution OF thi'
evaporation, the liquidation Of its affair
shall be conducted by three commits
siOners. selected from the stakeholder:
at II meeting called for that purpose. a.
above set forth in this article. Sal,
. commissioner shall remain in office un
til the final liquidation. In case of tn,
death Of one or mOrr Of such commits
siOners, the survivors or survivor shall
continue to act.
i ARTICLE VII.
No stakeholder of this corporation
shall be held liable for the contracts Of
faults thereof. in any further sum than
A r.
the shares of stock subscriber .Or OF
owned by him. nor shall any infOrinali-
ty in organization have the effect o.
rendering this charter null. or OF tx
posing a stOrkhnlder TO q y liability be-
20. d the unpaid balance, II any, OF hi
stock.
Thus done and passed At nv office on
the day. month and year fist above
written. in the presence of Mes rs. Hen
~ p. Olivier and Dan u. VoOrhirs. com'
pptpnt witnesses residing in this Ptrl-E
who hprrunt0 sign their names 70 grth.
pr with the parties and me. Notary, af
ter due reading OF The whole.
l.. b. Grow. 80 shares.
George j. SabaIipr, NJ. ID. 10 shares
Walter j. Burke, 10 shares.
r. Martin, ITO ares.
w itn, sSrs:
Henry P. Olivier,
Dan ". VoOrhiSs.
JAMES J. MARTIN. Notary Public
Received and filed Dec. 5, 1907.
l. Bienyrnu, by. Clerk.
State Of Louisiana.
Parish Of st. Martin.
do hereby certify that the forpgoin,
Charter of "Thr Grow Company" is dul.
recorded IN Conveyance Book IS. M
33l42, this 9Th day of December, 1907.
l. Bienyenu, by. Clerk
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