The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1907-10-05

the stockholders, each of the said officers
to hold office for a 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. j..
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 encumberlng 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
capacities in the absence or inability OF
the President.
The Secretary and Treasurer shall
keep complete and accurate record of
all the meetings of the stockholders and
board of directors and keep, or cause to
keep under his supervision. a 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 custo dian of the funds
of the corporation, and shall disbuIse
the same only upon the warrants drawn by
himself, and approved by the President.
At the option of the board of directors.
In hI tn fnp 81 n
such an amount as may be consistent
with the responsibilities of his office.
He must also make tabulated and
itcmiZed statements of the financial con-
lt.on 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 IN.
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 informally 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 foulths 81 OF
the capital stock represented at gcner-
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 adj
dress of each stakeholder.
ARTICLE Nj.
Whenever this corporation is dissolved
for any cause. its affairs shall be liqui
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 domicle 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
to have signed these presents and indi-
Gated the amount Of stock subscribed by
them in the presence of the other cons
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.
X. HERBERT SMITH, 915 Shares.
H. D. SMITH, 80 Shares.
d. S. II. SMITH, 25 Shares.
MAHLoN w. MATTIsoN, 90 Shares.
Witnesses:
w. H. LATHAM,
l.. A. LOUsTALOT.
HENRY ID. SMITH. Notary Public.
State Of Louisiana-Pa1ish of St. Mary.
I, VIM. X. Wilson. District Attorney
within and for the 23rd Judicial District
of Louisiana, do hereby certify that |
have carefully examined the above and
foregoing charter of the ''Orion Oil
Company, Limited" and find nothing
therein contained contrary to law and do
hereby approve same.
w. WILSON,
Dist Atty. 23rd Jud. Dist.
State of Louisiana-Parish of St. Mary. |
l, Wilbur II. Kramer, Clerk 23rd
Judicial District Court, La, and ex-
otficio thereof, do hereby certify that the
above and foregoing is true and correct
copy of the original act of Incorporation
of the ''Orion Oil Company, Limited on
file in my office and duly recorded in
Book "a Of Mortgages. enter S33, O22 OF
this date
In evidence whereof, witness my
official signature and seal this I4th day
OF September, 1907.
WILBUR II. KRAMER.
Clerk Court |