The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1907-05-04
CHARTER.


UNITED STATES OF AMERICA.
STATE OF LOUISIANA,
PARISH OF ST. NARY.
BE TT KNOWN. that on this 10Th
day Of tho month Of March in the year
of our Lord One thousand Nine Hun
dred and Seven. and Of the lndepen-
dence of the United States of America
the One Hundred and Thirty-frst;
Before mo, Chas. J. Boatner, . Notary
Public. in and for the Parish OF st. Mary.
State of Louisiana, duly commissioned
and qualified, and in the presence Of the
vitueases hereinafter named and under
signed.
Personally csmo and appeared: the
several rersons whose names are here
unto subscribed, who declared that
availine themselves Of the provisions of
the laws Of the State Of Louisiana, rel
stive to the organization of corporations,
they do by these presents, for them.
selves. their associstes. successors and
assigns, form themselves, their success
sors and assigns, into corporation un'
der the laws Of the State of Louisiana,
under the following terms and conditions,
to-wit:
ARTICLE I.
Tho name OF this corporation shall be
The PLANTERS MOLASSES y Dis
TILLING COMPANY. LIMITED, and under
that nume 1t shall have and enjoy cor
porate existence and succession Tor the
period of ninety-nine years from tho date
OF this act. and shall have and enjoy all
the powers conferred by the laws OF the
State of L0uisia4e. on corporations.
ARTICLE II. M
The domicile of this corporation shall
be IN the town of Franklin, Parish OF
St. Mary, Slaos Of ksnisissa. All cit*-
tione 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 fns which this corpora
tioa 10 formed and the nature OF tho
business to be carried on by 1t. are do
clsred to be to buy molasses, to soil mo-
lassoe. and 70 distill mOlasses or any
other material from which alcohol can
ARTICLE ~.
The capital stock Of this company 10
hereby fixed 1t the Sum of One Hundred
wnd Fifty thousand Dollars, to be rep-
resented by Fifteen Hundred Shares OF
the psr value Of One Hundred Dollars
each. and Four thousand Dollsrs of the
aaid capital stock must be subscribed be-
fore the company can be organised and
become gOing concern, tho remaining
shares of said stock shall be issued by
the Board Of Directors - they shall
deem at. All shares Of stock shall be
paid for IN cash, property, or labor done.
ct the time same are Issued.
Nsid stock shall be represented Ivy
stock certificates transferable only on the
hooks Of The company, on surrender
Of the outstanding certificates or proof OF
their loss.
:. No shareholder shall have the right to
- on any share Of stock acquired by
b within ten days prior to the meeting
which sams Ill bsIZoted.
The eniAA1 z 6Ik may be in
Greed - anlshed BY proceedings
-{aksd RI sogdance with the laws Of tho
0tate of Louisiana upon such matterss.
ARTICLE v.
All the powers Of this corporation shall
b vested In and exercised BY . Board of
Nine Directors, each Of whom shall own
q least two shares Of the capital stock
OF this company. All Of said directors
shall he elected annually, by ballot and
under the supervision OF two election
commissioners appointed by tho Board
Of Direction, at tho annual meeting of
tho stockholders, which annual meeting
shall be held on the first Saturday Of
March OF each year, 1t which meeting
every stockhoIdse shall have the EiRht in
person or By proxy, to cast one - on
esoh share Of stock held BY ~ bree-
fourths Of tho votes CT be re-
auired 70 sleet any msnlR "a - Board
= Five nembers Of said Hold Of Dirsc.
tors shall constitute quorum for the
tsanaaction Of busiAess. Said Board OF
latfDqeors shall have the power to oil al
Soeancies occurring in Board, and all
oUcsn and diieotors ahall hold and con-
tinue In ONCE until their SUCCESSORS
ohall. have 49, elected and qualified.
The aid Boat1 r. Director shall have
foil power % el1ct III At Nh soch Of
ocess, mansgers, akent1 1Anployes
o they may deem At and propef, and to
AZ tho comrensation Of aid officers,
nenaesss, AGENTS and employees.
The annual meeting Of the stockhol. |
dess shall b preceded ~ ten days notice
published In any Of The newspaper In
lhs town Of Frapk iin. Eouimsns, and aleo
By . ten days written noGcs addressed to
sach sock oldr. bs Board Of Nrec-
tors shall have fun r0wer 10 provide lbr |
eeoeral aud speeial meetinss of sbare-
Holders or vDf the Reord o. Direotoss.
Any member Of the Board Or DirecsoFsI
Who msy Be sbsent from Franklin, may
rive Q written proxy to any other mem-
ber u said Board Of Dirsceoss 10 repre-
mt him On al matters - any meeting
Il ~ Boaed Of Direcaosse whstherl
lpecial or geoeral. +---. ,--s-,-..s
fhe BoaSi Of Directoys shell1Aave full3