The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1907-04-27
CHARTER.
UNITED 1TATES OF AMERICA.
STATE OF LOUISIANA,
PARISH OF ST. MARY.

PARISH OF ST. MARY.
BE IT KNOWN. that on this lGii
day of the month of March in the veal
of our Lord One Thousand Nine HUI
dred and Seven. and Of the lndeptr-
dence of the United States 81 Ameri"
the One Hundred and Thirty-iirst:
Before me, Chas J Boatner. a Notart
Public, in and for the Parish Of St. War
State of Louisiana, duly comml- si"nr''
and qualified. and in the presence Of IT,
witnesses hereinafter named and undef-
signed.
Personally came and appeared 'h'
several persons whose names are her.
unto subscribed. who declared 'hn
awaiting themselves of the provisions 81
the laws of the State of Louisiana. re-
alive to the organization Of corporations.
they do by these presents, for them
selves, their associates. successors and
assigns, form themselves, their snccrs-
sOrs and assigns, into corporation ~.
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
sporate existence and succession for 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 II.
The dOmicile of this corporation shall
be in the town of Franklin, Parish of
St. Mary, State of Louisiana. All cita-
tions 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 it. are 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
rni Fifty thousand Dollars, to be rep
JCoCutCu w CIAVCTu VI
the par value Of One Hundred Dollars
each, and Four Thousand Dollars of the
said capital stock must be subscribed be-
fore the company can be organized and
become q going concern, the rcma lining
shares of said stock shall be issued by
the Board of Directors as they shall
I'm fit. All shares Of stock shall be
for in cash, property, or labor done.
|e time same are issued.
Mid 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
1t which same shall he voted.
The said capital stock may be in
Acreased 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
Of 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 ia
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 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
vxcancies 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
fnil power to elect and appoint such Of
ncers, managers, agents and employees
- they may deem fit and proper, and to
AZ the compensation of said officers,
managers, agents and employees.
The annual meeting of the stockhOl- |
0ctO MAIL Oc picCcucu ny Ten days nOtlCe |
published in any of the newspapers in
Tie town Of Franklin. Louisiana, and also
b. i ten days written notice addressed to
each stakeholder. The Board of Direc-
Tors shall have full power to 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
gise : written proxy to any other mem
Der Of said Board Of Directors to repre-
Icnt him on all matters at any meeting
81 the BOARD Of Directors. whether
Ipecial or general.
The Board of Directors shall have full
power and authority to do all such acts
nd things as may he necessary to carry
mt the objects and purposes for which
hie c0rpOration is organized.