The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1908-01-11

the time OF subscription or Of its issu-
ancp, at not less than par. Stocks may
br issued in exchange for property or
rights actually received or purchased by
the corporation or for such other yalla-
bic consideration or services rendered as
may be determined by the board OF d.
rect0rs, provided that the stock SO ISSUED
shall br clearly equal to the cOnsidera-
ton thereof; and provided that no stock
shall issue until the consideration there
OF shall have been received by said cor
poratiOn. 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
without the proper entry thereof on the
stcrk hooks of the Company. This cor
porat!an shall commence doing business
as SOON as seven thousand dollars CT the
ca;i;al stock shall havs been subscribed.
The directors shall have the right to de-
t,!mine how much additional stock shall
i'r sued.
ARTICLE ".
The corporate powers of this Company
Shall be vested in aud exercised by
bard If five directors; three of whom
shall constitute a quorum for the trans
action of business, and their decisions
shall he valid corporate acts. There
shall b. elected from these a president.
aud secretary and treasurer. The
board Of .irpctO:s shall be elected on the
first Monday of May of each year Until
he election Of 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 W. J. Burke, shall
be president and Robert Martin, secre-
tary and treasurer. AT every election
and meeting of stockholders each stock
holder shall be entitled to one vote for
each STARE Of stock registered in his
name. and may vote by proxy.
ARTICLE Y.
The board IF directors shall have pow
or to fill vacancies in their number
cansei 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. and that Is consistent
with the objects of this Company or the
welfare Of the same. 1t may adopt
such rulps and regulations as the affairs
OF the corporation may require, employ
such servants, clerks or other agents rs
it may appear desirable, to fix and de
termine the salaries of officers and other
employers herein provided for.
ARTICLE vi.
This charter may be changed or
amended, the stock increased or decreas
ed, or the corporation dissolved at a gen-
eral meeting of the stockholders con-
yenpd for the purpose, with the assent
of three fOurths of the entire stock is
sued. whether present or represented at
such meeting. Thirty days prior notice
of such meeting shall be given In any
any newspaper published in st. Martin
Vile. Notice shall likewise be given in
writing. In case of dissolution Of this
evaporation. the liquidation of its affairs
shall be conducted by three commis-
siOners. selected from the stockholders
at a meeting called for that purpose, "a
above set forth in this article. Said
commissioners shall remain in Office un-
til the final liquidation. In case of the
death of one or more of such commits
siOueTs, the survivors or survivor shall
continue TO act.
ARTICLE VII.
No stakeholder of this corporation
shall be- held liable for the contracts or
faults thereof. in any further sum than
the unpaid balance due the Company on
the shares of stock subscribed for or
owned by him. nor shall any infnrmali-
~ in organization have the effect Of
rendering this charter null, or of ex-
passing a stor khnIder to u y liability he
you'd the unpaid balance, if any, o! his
stock.
Thus done and passed ut nv Office on
the day. month and year first above
written. in the presence of Mes rs Hen
ry p. Olivier and Dan W. Vo0rliifs. CON-
prtent witnesses residing in this Parish.
who herrunto sign their names 10 gpth-
err with the parties and me. Notary, af-
ter due reading of the whole.
l.. B. Grow. 30 shares.
George }. Sabatier, NJ. ID. 40 shares.
Walter }. Burke, 10. shares.
X. Martin, 10 shares.
Witnesses:
Henry P. Olivier,
Dan W. VOORHEES,.
JAMES J. MARTIN. Notary Public
Received and filed Dee. 5, 1907.
|. Bienvenu, by. Clerk.
State OF Louisiana.
Parish Of st. Martin.
| do hereby certify that the foregoing
Charter of ''rhe Grow Company" is duly
recorded in Conveyance Book 6S, No