The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1907-04-06
CHARTER.
UNITED STATES OF AMERICA,
STATE OF LOUISIANA,
PARISH OF ST. MARY,

BE IL hNVW N. tHat Oh tIlls IVtii
day Of the 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-first:
Before me, Chas. J. Boatner Notary
Public, in and for the Parish Of St. Mary,
State Of Louisiana, duly commissioned
and qualified, and il 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 thar
availing themselves Of the provisions q
the laws Of the State Of Louisiana, ret
alive to the organization Of corporations,
they do by these presents, for them
selves, their associates successors and
assigns, form themselves, their sncces-
sors and assigns, into 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
FILLING COMPANY. LIMITED, and under
that name it shall have and enjoy cor
porate existence and succession for the
period Of ninety mine 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 II.
The domicle Of this corporation shall
be in the town Of Franklin, Parish of
St. Mary, State Of Louisiana. All cita-
tons 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 for which this corpora
ton is formed and the nature Of the
business to be carried on by il. arc de-
clared to be to buy molasses, to sell mo-
lasses, and to distill molasses or any
other material from which alcohol can
be extracted.
ARTICLE w.
The capital stock Of this company IS
hereby fixed at the sum Of One Hundred
AMI Fifty Thousand Dollars, to be rep
,.sented by Fifteen Hundred Shares Of
the par value Of One Hundred Dollars
each, and Four Thousand Dollars Of the
bald 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 it 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
stock certificates transferable 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 he 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
every stakeholder 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-
quired to elect any member If the Board
of Directors.
Five members of said Board Of Direc-
tors shall constitute quorum for the
transaction Of business. Said Board Of
Directors shall have the power to fill all |
vacancies occurring in Board. and all
officers aud directors shall hold and con
time 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
ficers, managers, agents and employees
A. they may deem fit and proper, and to
fix the compensation Of said officers.
managers, agents and employees.
The annual meeting Of the stockhol-
d. rs shall be preceded by ten days notice
published in any Of the newspapers in
the town of Franklin. Louisiana. and also
by ten days written notice addressed 10
each stOcFholder. The Board If Dircc-
tors shall have full power 70 provide for
general and special meetings Of share
holders or of the Board Of Directors
ANY member Of the Board Of Directors
who may be absent from Franklin. may
give a written proxy 70 any other menu
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
and things as may he necessary to carry
ont the objects and purposes for which
this corporation is organized.
The officers Of this corporation shall
M !. pracidapt First Ilcn .prnSldenf !.