The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1907-12-14

the time OF subscription or of its iSsu-
ancp, at not less than par. Stocks may
bp issued In exchange for property or
rights actually received or purchased 10y /
the corporation. or for such other va lua-
BILE consideration or services rendered as
may be determined by the board OF dl.
rectOrs, provided that the stock 80 Issued
shall br clearly equal to the cOnsldrra-
tion thereof; and provided that no stock
/ shall issue until the consideration there |
of shall have been received by SAID cor
porati0n. No stakeholder shall sell his
stock until fifteen days prior notice OF
his intention to sell he given to the
Company, and the stockholders shall
have the first privilege OF purchasing
the same. No transfer shall be made
witHnat tn proper entry thereof on the
,trc X hooks Of the Company. This cor
p,.r zion shall commence doing business
IL. '"n "a seven thousand dollars OF the
eat ,iai stock shall havs been subscribed.
IT,, directors shall have the right to de-
let nine how much additional stock shall
hr Issued.
ARTICLE ".
Thu corporate powrrs of this Company
Silall be vested in AID exercised by
bard If five directors; three of whom
shat, constitute quorum for the trans
action of business. and their decisions
shall he valid corporate acts. There
shall be eirctpd from these president.
and secretary and treasurer. The
board of directors shall br elected on the
first Monday of Nav of each year. Until
he election IL 1908 the following per-
sons shall constitute the first board Of
directors: ". j. Burke. DR.. Geo. j. Sa-
batter, L. b. Grow and Robert Martin.
and until such time ". j. Burke, shall
be president. and Robert Martin, secre-
ltary and treasurer. At every election
and meeting of stockholders each stock
holder shall be entitled 10 one vote for
each share of stock registered in his
name. and may vote by proxy.
, ARTICLE V.
The board of directors shall have pow
) er t. fill vacancies in their number
canspd by death, resignation or other
wise, from among the Stockholders OF
said corporation. The said board shall
have full control Of the property OF this
Company, and shall so conduct, manage
and use the same, as In their discretion
they deem fit, aud that is consistent
|
welfare Of the same. 1t may adopt
Snch rules and regulations as the affairs
b. of the corporation may require. employ
such servants. clerks or other ag"nts as
il may appear desirable; 10 tx and de-
tprmine the salaries If officers and other
Employers herein provided for.
r ARTICLE w.
n This c.art.r may be changed OF
Y amended, the stock increased or decreas'
I'd. or the corporation dissOlyad at a gen.
eral merting If the stockholders con-
:. vpnpd for the purpose, with the assent
Of three fourths Of the entire stock is
sued. whether present or represented 1T
uch meeting. fhFrty days prior Hetiee
II such meeting shall be given I'D any
any newspaper published in st. Martin
vile. Notice shall likewise be given III
writing. In ease of dissolution Of THU
9 carpuiation, the liquidation Ut its affairs
: shall be conducted by three commits
! siOners. selected fIpm the stockholders
= at "A meeting called for that purpose. a.
: above set forth in this article. SAID
! commissioners shall remain In Office TN
:, til the final liquidation. In case OF the
y death of one or more of such cOnimis
siOnprs, the survivors Or survivor shat
continue 10 act.
g ARTICLE VII.
2 No stakeholder of this corporation
: shall be held liable for the contracts UI
s faults thereof. in any further sum thar
= the unpaid balance due the Company ol
q the shares IF stock subscribed IOr Ol
Ownr,i 10y hnD. nor shall any inf"rma'i-
lty in organization have the effect O
rendering this charter null; or OF ex
~ passing a storkhnldrr to a Y liability he
(, yona the Unpaid balance, If any, GA III
!, stock.
l. Thus done and passed at INV office oI
: the day, month and year first above
: written, in the presence Of Mesirs. Hen
@ ry z. Olivier and Dan ". VOORHEES,. com
- petent witnesses residing In this Piri-E
o who herpuntO sign their names 10 geth
II er with the parties and me. Notary, ut
= ter due reading Of the whole.
d J.. B. Grow. 30 shares.
3 George J. Sabatier. NJ. ID. 40 shares
: Walter j. Burke, 40 shares.
n r. Martin, ITO g ares.
= Witnesses:
, Henry P. Olivier,
= Dan ". Worries.
r. JAMES J. MAKTlN. Notary Public
d Received and fled Dee. 5, 1907.
u /. Birnvrnu, by. Clerk.
y State Oi Louisiana.
. Parish Of st. Martin.
l do hereby certify that the foregoin,
Charter Of THE Grow Company" is dull
rpcOr.Ind N Convey nee Book IS. n,
. 33i42, thi- sta day OF December, 1907.
n ]. Bienvenu, by. Clerk
" CHARTER.