The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-11-28

Il. Suberhlelle. as ccretafE. anN eH.i0ss
! Smith. as Treasurer They shall hold
office until the first Monday of May. A.
u. 1909. or until their successors shall
nave been duly elected.
No person shall, be eligible as director
81 officer who is not stakeholder q
this company.
TIE Board of Directors shall elect its
officers and shall appoint such agents
and managers as may be necessary, ana
shall fix their compensation.
The said Board of Directors shall
make all bylaws. rules and regulations
for the proper government OF the busl-
ness and affairs of the corporation, ana
alter, amend and change the same at
pleasure. They shall have power to
buy. sell, mortgage, pledge and lease
any aud all property, real, personal and
mixed. corporal or incorporeal, when
ever in their Judgment they may deem
such acts necessary and proper, and to
make all contracts and agreements neces-
sary to carry same into effect.
other contracts shall be signed by the
Pr sident. or in case Of his absence or
inability to act hy the Vice-President.
ARTICLE vi.
On the first Monday of May bf each
year beginning with the year 1909. there
shall he a meeting Of the stockholders to
elect directors for the ensuing year,
which meeting shall be called after a
notice published twice in ten days in one
of the weekly newspapers pub!ishedin the
Town OF Franklin, Parish of St. Mary,
State Of Louisiana. and also after a
written or printed copy Of said notice IN
the post-office, prepaid. addressed to
each stakeholder at his usual place Of
residence at least ten days before the
date fixed for said meeting: and the
Board of Directors shall appoint one or
more stockholders to preside at such
election as commissioners. In the event
of the failure of any commissioner or
commissioners to attend, the President
shall. by appointment, fill the vacany.
At every election and meeting each
stakeholder shall be entitled to one vote
for each share of stock registered in his
name, and may vote by proxy.
The election Of directors shall be by
ballot, and the majority in amount or
votes cast. each share of stock voted
upon to be counted for one vote. shall
elect the person or persons for whom
they have teen east.
Any failure from any cause whatever
to elect directors the day named for that
purpose shall not dissolve the corpora
ton, but the directors then in Office. as
well as the officers Of said company,
shall hold over until their successors
are chosen, and any vacancy occurring
on the board Of directors from any cause
shall be filled by the remaining directors.
ARTICLE VII.
No stakeholder of this corporation
shall ever be held liable or responsible
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 mere informality in organization
have the effect Of rendering this charter
null. or of exposing the stakeholder to
any liability beyond the unpaid balance.
if any, of his stock.
ARTICLE VIII.
This act of incorporation may be
modified, changed, abridged or amended
or said corporation may be dissolved by
general meeting held for that purpose
after at least ten days written notice in
the postoffice, prepaid, addressed to each
stakeholder at his usual place of re-
sidenct, and in case of dissolution. three
commissioners shall be elected at said
meeting by said stockholders. and said
commissioners shall wind up and settle
the affairs of this corporation.
At the termination Of this act Of in
cofpol alton either by limitation Of its
charter or from any cause, the business
and affairs of this corporation shall like
wise be wound up and settled by three
commissioners elected by the stock
holders at meeting called for that pur-
pose, after ten days notice, as above
stipulated.
Said commissioners shall remain in Of
flee until the affairs Of said corporation
shall have been fully liquidated. In case
Of the death or disability of any one of
said commissioners, the survivor or sur~
vivors shall appoint successor to him.
Thus done and passed in my notarial
Office at Franklin, as aforesaid, the day,
month and year first above written, in
the presence of j. Wood Chadwick and
V. j Ostheimer. both Of lawful age, re-
siding in said town, who hereunto sign
tuCiI udmCs Win SdIu dpPCdACio auu' mt
notary. after due reading of these
presents.
The iDterlineation on the 30th line of
the second page was made at the time of
the signing OF these presents and was
duly approved before the signing of these
presents.
(Signed):
j. p. Snberbielle 80. 49,. Is shares
A. j. Suberbielle ......... Is Shares
e: Gajan $500. .......... Is Shares
Porteus r. Burke. Shares
Ventress j. Smith 80. -. l Share
per r. R. Burke,
G.. F. BOrah ................. Shares
Witnesses:
J. Wood Chadwick.
v. J. Ostheimer.
fSigne Ii RENE HI HIMEL