The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-05-30
.h;ros IA NAV be deemed necessary in
carrS;no out the objects and purpose and IN
Conducting of this corporation.


ARTICLE ".
The capital stock of this corporation od IS
6xad at Three Thousand Dollars (S3OOV W.
divided into Three Thousand shares OF the
mar value of one dollar ($lOO) per snare'
which shall be paid for in cash money OF us
equivalent in real estate or personal prop
erty. in such manner and at such times as
the board of Dill ectors shall require, anu
this Corporation shall commence business
and be q going concern from the time all us
stock is subscribed for.
All transfers of stock of this corporation
shall be made upon the books OF TINS
CORPORATION by the owner or his authorized
AGENT. and shall not otherwise be re.
cognized. All certificates OF stock snali
be signed by the President and Secretary,
and no certificate shall be issued nor
transfer of stock made except for full PAID
stock.
All of the powers of this Corporation
shall be vested in and exercised by a
Stockholders. who shall be elected an
nually on the third Monday in April OF
each year commencing with the year
Nineteen Hundred and Nine (19O9), by
ballot and under the direction OF two
| election commissioners appointed by the
board at said annual meeting, at which
eyerv stakeholder shall be entitled to as
| MANY votes as he has shares of stock stand
| ing in his name upon the books OF the
company, to be cast either in person or by
! written proxy, and three members OF the
| board of directors shall constitute a quo
rum for any ordinary business. Vacan-
cies occurring on the board OF directors
shall be filled at and by special meetin a.;
| to be called for that purpose after ten
DAYS notice published in any newspaper
published in Franklin, Louisiana, and
after written notice mailed to each share,
holder at sleast ten days prior to sald
election, which shall be conducted as
hereinabove provided. The officers and
directors of this company shall hold once
qualified. The directors shall have full
power to provide for and call special
meetings for any purpose whatsoever, pro-
yided due notice be given to each share
holder in writing mailed to his proper ad
dress at least ten days prior to such meet
ing: ,o. .ho
officers of this corporation who shall con-
sist of a president, vice-president. sec
rotary and treasurer; and the office OF the
secretary and treasurer may be held by
one and the same stakeholder, and the
general manager of this corporation may
also be director holding also any othel
office.
|
Martel. r, Emmett O'Niell, John NJ. CAT.
ferry, j. w. Foster, and the officers shall
be and are: Donelson Caffery, president
J, Sully Martel, vice-president; K. Emme1
O'Nieli, secretary and treasurer; and these
directors and officers shall remain in once
until their successors are elected ana quai
flied.
ARTICLE VI.
This charter may be amended by VOTE
of majority of the stockholders in num-
bers at meeting convened for that pur
pose. after ten days written notice Of
such intention and of the date and place
and proposed amendment, mailed to eacl
stakeholder at his proper place OF residence
and after publication of copy OF sale
lished in Franklin. louisiana. in issues ont
week apart. and this corporation may b'
dissolved by a vote OF three-fourths OF thu
| capital stOce at such a meeting as here
inabove last provided for, and after tn,
same notification and publications as here
iuabove last provided for.
The capital stock OF this corporation
may be increased or diminished by com
pliance with the laws of the State o
Louisiana upon this subject.
{ ARTICLE VII.
Whenever this corporation shall be dis
solved either by limitation of its charter o
| otherwise. two liquidators shall be elected
, by the stockholders at the meeting in whicl
{ the liquidation is had or declared; ana tn
liquidators shall remain in Office until tn
J completion of the liquidation of this cor
pOration's affairs; and in the event O
} the death of one of the liquidatOrs. tn
, entire power and authority Of the liquida
tors shall rest on the survivor: and in tn
event of his death another liquidator or tw
| liquidators shall be elected by the stock
7 holders at meeting held after the notice
, and under the fOrmalities provided for il
7 Article vi.
ARTICLE VIII.
, No stakeholder or this corporation shal
ever be liable for the faults of debts o
J contracts or other obligations Of this cor
+ pOratiOn beyond the amount of any unpai'
, balance due for the stock subscribed by hin
nor shall any mere infOrmality in the cor
) poration have the effect of rendering
shareholder liable beyond such sum. Tn
subscription hereto shall constitute tn
, original stock list.
Thus done and passed at my Office, in tn
Town Of Franklin, Louisiana, on the da.
! and date hereinabove first written, in tn
K iarkersOn two competent witnesse
who sign this charter with said incorpOra
tors and me, said notary, after due reading
(Signed:)
J. w. FOSTER
DONELSON CAFEERY,
r. EMMETT O'NIELL,
j. SULLY MARTEL.
: Witnesses:
VICTOR Won SCHOELER
JAS. r. PARKERsON.
L. U. PECOT, Notary Public.
State of Louisiana,
Parish of St. Mary.
Having read the foregoing Charter o
| ssvrho Underwood Oil ComnanvV AM
finding the objects and purposes therein
legal and in no manner contrary to or il
} violation of the laws and constitution o
i, the State of Louisiana, hereby approx
the said Charter, or Act of Incorporation
In evidence whereof, witness my oficia
: signature at Franel1n, Louisiana, on thi
} 23rd day of April, 1908.
i