The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1907-04-20
CHARTER.
UNITED STATES OF AMERICA.
STATE OF LOUISIANA,
DA RISH M ct MARY

PARISH OF ST. MARY. J
BE 1T KNOWN. that on this 10Th
dav of tho 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 Americ"
the One Hundred and Thirty-hr"t:
Before mo. Chas. J. BOatner, Notary
Public, in and for the Parish OF st. Mary.
State of Louisiana, duly commissions"
and qualified, and in the presence OF the
witnesses hereinafter named ana undor-
signed.
Personally came and appeared: the
several persons whose names are mere
unto subscribed, who declared that
availine themselves of the provisions of
the laws of the State of Louisiana, rel
alive to 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 un'
der the laws of the State OF Louisiana,
under the following terms and conditions,
to-wit:
ARTICLE
Tho name of this corporation shall be
TIE PLANTERS MOLASSES y DIS
TILLING COMPANY. LIMITED, and under
that name 1t shall have and enjoy cor
porate existence and succession for the
period of ninety -nine years from tho date
of THE 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
be in the town of Franklin, Parish Of
St. Mary, State of Louisiana. All cits-
lions and other legal process shall be
served on the President of the company.
and during his absence, on either Of the
Vice. Preeidents or Secretary.
ARTICLE III.
The purpose for which this corpora
ton il formed and tho nature of tho
business to be carried on by it. are do
olared to be to buy m0lasses, to coll mo-
lasses. and to distill molssses or any
other material from which alcohol can
be extracted.
ARTICLE w.
I The capita; stock Of this company is
hereby fixed at the sum of One Hundred
I. AMI Fifty thousand Dollars, to be rep
resented by Fifteen Hundred Shares Of
the par value Of One Hundred Dollars
each. and Foor thousand Dollars of the
eaid 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 a. thoy shall
deem At, All shares Of stock shsll be
paid for IN cash, property, or labor done.
- thA TINA aamn are i00u1d
Said stock shall be represented BY
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
vote on any share Of stock acquired by
him within ten days prior to the meeting
q which same shall be voted.
Tho said capital stock may be in
creased or diminished by proceedings
taken in accordance with tho laws Of the
State Of Louisiana upon such matters.
ARTICLE v.
All the powers Of this corporation shall
Be vested In and exercised by Board Of
Nine Director, each Of whom shall own
q least two shares Of the capital stock
OF this company. All Of said directors
shall be elected annually, by ballot and
under tho supervision OF two election
commissioners appointed by the Board
Of DirectoTs, at the annual meeting of
tho stockholders. which annual meeting
0hsll be held on the first Saturday Of
March OF each year, ct which meeting
every stockholder shall have the right in
person or By proxy, to cast ono vote on
each share Of stock held by him. Three.
fourthe of the votes cast shall be re-
quirsd to elect any member of.the Board
Of Directors.
Five members of said Board of Direc-
tors shall constitute . quorum for the
transaotion Of business. Said Board Of
Directors shall have tho power to Ill all
.vaeancies occurring in Board, and oil
officers and direct0rs ehall hold and con-
tinue In office until their SUCCESSORS
shau have been elected and qualified.
The said Board Of Directors shall have
full power to elect and appoint such Of
0cer0, managers, agents and employees
- they may deem nt and proper, and to
nx the compensation Of said ohicen,
managers, agents and employee.
The annual meeting Of the stockhol-
dsrs shall be preceded by ten days notice
published in any Of the newspapers in
the town of Franklin. Louisiana, and alec
By ten days written notice addressed to
each stockholder. The Board of Direc-
tors shall have full power to provide for
general and special meetings of SHARE
Folders or Of the Board Of Directors.
Any member of the Board of Directors
who may be absent from Franklin, may
give . written proxy to any other mem
Der Of said Board Of Director to repre-
sent him on al matters ct any meeting
Of the Board of Directors, whether
special or general.
The Board Of Directors shall have full
power and authority to do all such acts
and things - may be necessary to carry
ont the objects and purposes for which