The St. Mary banner., 1907-03-30
CHARTER.
UNlTED STATES OF AMERICA.
STATE OF LOUISIANA,
PARISH OF ST. MARY.

BE IT KNOWN. that on this ION
day of the month Of March IN the wear
of our Lord One Thousand Nine Hun
dred and Seven. and of the lndrpen-
dence of the United States oi Ame'I'a
the One Hundred and Thirty-first:
Before me. Chas J. Boatner. NoiarF
Public. in and for the Parish OF ~. Mary.
State Of Louisiana, duly commissioned
and qualified, and in the presence of the
witnesses hereinafter named and under
signed
Personally came and appeared: the
several persons whose names are here
unto subscribed, who declared thai
availing themselves of the provisions "f
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 a corporation nn-
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 name it shall have and enjoy cor
pOrate existence and succession tor the
period of ninety-nine 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 IT,
The domicile of this corporation shall
be in the town Of Franklin, Parish Of
St. Mary, State of Louisiana. All cit"-
tons and other legal process shall be
served on the President of the company.
and during his absence, on either OF the
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-
las.es. and to distll molasses or any
other material from which alcohol can
be extracted.
ARTICLE Nv.
The capital stock Of this company IS
hereh, fixed at the sum Of One Hundred
anl Fifty Thousand Dollars, to be rep
Y resented by Fifteen Hundred Shares Of
- The par value Of One Hundred Dollars
b each, and Four Thousand Dollars Of the
said 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
.,c,.l, Il; 20 tac n cfn hlp only on the
books 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
at which same shall be 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. :
ARTICLE
All the powers Of this corporation shall
be vested in and exercised by Board OF
Nine Directors, each Of whom shall own
At least two shares Of the capital stock
of this company All OF said directors
shall be elected annually, by ballot and
under the supervision OF two election
commissioners 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
everv stockhOlder shall have the right in
person or by proxy, to cast one vote on
each share of stock held by him. Three-
fourths of the votes cast shall be re-
auired to elect any member Of the Board
of Directors.
Five members of said Board Of Direc-
tors shall constitute a quorum for the
transaction Of business. Said Board OF
Directors shall have the power to fill all
vacancies occurring in Board. and all
officers and directors shall hold and con
tipue in Office until their successors
shall have been elected and qualified.
The said Board of Directors shall have
full power to elect and appoint such Of
fcers. managers, agents and employees
~ they may deem fiji and proper. and ["
fix the compensation of said officers.
managers. agents and employees.
The annual meeting of the stockh"l-
4 d.rs shall be preceded by ten days notice
published in anv Of the newspapers in
the town of Franklin. Louisiana, and also
BY a ten days written notice addressed to
each stOckhoIder. The Board Of Dir-c-
tors shall have full power t" provide for
general and special meetings ot share
holders or of the Board of Directors
ANY member of the Board OF Directors
who may he absent from Franklin, may
give u written proxy to any other men,
Der of said Board Of Directors TO repre-
sent him on all matters at 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
aud things as may he nect ssary to carry
out the objects and purposes for which
Z this corporation is organized.
sCho <f43oarc of this sh II