The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1907-10-12
and Treasurer, the last named Office to

and Treasurer, the last named Office to
be held by one person at the option of
the stockholders, each of the said officers
to hold Office for period of one ~
year, or until his successor is duly elect
ed and qualified The following named
stockholders shall serve in the capac-
tiles named, until the next annual cleo
ton to be held on the first Monday in
October, 1908: Harry D. Smith, Jr.,
President; D. S. H. Smith, Vice-Presi-
dent and R. Herbert Smith, Secretary
and Treasurer.
ARTICLE VIII.
The duty Of the President shall be to
preside at all meetings of the Board of
Directors and stockholders. sign all
papers divesting or encumbering the
property of the corporation, sign all
leases, mortgages, contracts. etc., and
be the proper officer upon whom service
of citation shall be made.
1t shall be the duty OF the Secretary
and Treasurer to act in all the aforesaid
the President.
The Secretary and Treasurer shall
keep complete and acc, rate record of
all the meetings of the stockholders and
board of directors and keep, or cause to
keep under his supervision, complete
set Of books covering the transaction of
the body corporate, which said set of
books shall at all times be open for in
spection to all stockholders of the cor
pOratiOn.
He shall be the custodian of the funds
of the corporation, and shall disburse
hGae q nj \ u Il h,,
himself, and approved by the President.
he may be required to furnish bond in
with the responsibilities of his office.
He must also make tabulated and
itemized statements of the financial con.
dition of the Company, at the Will of
the directorate.
The salaries of the aforenamed off,
GERS shall be fixed by the board of di.
rectors.
ARTICLE TX.
No stakeholder hereof shall be liable
for the debts or contracts, obligations or
faults of this corporation beyond the
unpaid balance due by him for the shares
of stock purchased in said company, or
shall any informality in the organiza-
ton of this Company have the effect of
rendering this charter void, of exposing |
any stakeholder to any liability other |
than aforesaid.
ARTICLE X.
This charter may be changed, modi. |
fed or altered, or it may be dissolved |
with the consent of three. fourths a. of
the capital stock represented at gener-
al meeting of the stockholders regularly |
or especially convened for said purpose,
after fifteen days previous notice thereof
has been mailed to the last known ad-
dress of each stakeholder.
ARTICLE NJ.
Whenever this corporation is dissolved
for any cause. its affairs shall be liuu-
dated by three commissioners appointed
for said purpose by the board of direc-
tors, after thirty days previous notice
of such contemplated dissolution shall
have been given in a weekly or daily
newspaper at the domicile of said Com
pany.
These commissioners shall remain in
Office until the affairs of the corporation
shall be liquidated, and shall be paid
for their services according to the fee
fixed by the board of directors.
In testimony whereof the parties here
10 have signed these presents and indi-
Gated the amount Of stock subscribed by
Them in the presence of the other COM
petent witnesses. and me, Notary, at my
office in the town of Franklin, Louis
lana, ON this 18th day of September, A.
D., 1907.
JOHN NJ. CAFFERY, 1865 Shares
HARRY D. SMITH, 1865 Shares.
!
II. d. SMITH, SO Shares.
D. S. Il. SMITH, Is Shares.
MAHLoN W. MATTIsoN, 20 Shares.
Witnesses:
w. H. LATHAM,
L. A. LoUsTALOT.
HENRY D. SMITH, Notary Public.