The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-11-07

.eok older II" I'd ,.-rpor.sio. to he
elected to office as such on the first Nom
day in September Of each year hereinafter,
beginning with the first, Monday in Sep.
TENDER, 1909. This term of office for each
of the directors to be one year, or until
their successors are duly elected and
qualified. majority vote of the electors
present at any meeting shall be sufficient
to carry and to put into effect any motion
not in conflict with any provisions of this
voted at any stockholders meeting shall
have like effect, provided that any stock
holder may be represented at any stock
holders meeting by written proxy, duly
filed with the Secretary. Each share Of
stock.shall entitle the holder thereof to
one vote In any and all meetings of the
stockholders.
A MAJORITY of the directors shall con-
stitute quorum for the transaction of all
business legally coming before them, ana q
majority of the stock of the corporation re.
presented In person or by written proxy,
snail constitute quorum of any meeting
OF the stockholders.
The regular annual meeting of the stock.
holders shall be held on the same date as
the board of directors, provided that
special meetings of the stockholders shall
be held at any period of the year upon due
notice Thereon having been mailed to the
last known address of each stakeholder by
the secretary of the corporation Fifteen
(15) days prior to the date of such con.
templated meeting.
Upon the call of the President of the
corporation, the Board of Directors NAV
meet in business session at any period Of
the year.
ARTICLE G.
The following stockholders shall con.
ST nj 10 irsf rd ~
corporation, and shall hold Office until the
first Monday in September, 1909, or until
their successors are elected and qualified:
Il. D. Smith, Jr., d. 5. H. Smith and K.
Herbert smith.
ARTICLE :.
At each annual meeting Of the stock
holders they shall elect from their number.
Board of Directors, President, Vice.
President, and Secretary and Treasurer.
the last named Office to be held bv one
person at the option of the stockholders.
each of the said officers to hold office for
the period of one year, or until their sue
cessOr is duly elected and qualified. The
following named stockholders shall serve
in the capacities named, until the next
annual election to be held OH the first Nom
day in September. 1909: ii. ~. SIN tn. Jr..
President; D. $. H. Smith, Vice President
and Il. Herbert Smith. Secretary and
Treasurer.
ARTICLE 8.
The duly of the President sb.u ho =.
preside at all meeting of the hoard ~ ,i;roe'
tors and stockholders. sign ,ll n.nars
divesting or encumbering the property of
the corporation, sign all leases, mortgages.
contracts, ETC., and be the proper officer
upon which service of citation shall be
made.
1t shall be the duty Of the Secretary and
Treasurer to act In all of the 'ores.;d
capacities in the absence or inabilitv ~ the
President.
The Seer stary and Treasurer shall roon
a complete and accurate record Of NJ, the
meetings of the stock holders and i,oarI
Of directors and keen or cnnse :" Il. " Lon,
under his Supervision comp,ete .et 1T
books covering the tran actions If tho
BODY corporate. which said SET M hoass
shall ut all times be ope, for insne,t,.n
to all stockholders of the cornoratinm
Ee shall he the custodian of the funds
of the corporation. and shall disbIlr>a tho
same only upon the warrants drawn him.
self. and approved by the President. A.
the option Of the ;oard OF Directors. he
NAV be required to furnish bond In ,u..h
an amount as NAV he consistent with the
respons Utilities OF his office.
lie must also make tabulated and item.
lied statements of the financial conditinn
of the company at the will of The ,lirrctors-
The salaries of the aforcnamed ,,tficers
shall be fixed by the board of d,rec,or.
ARTICLE
No stakeholder hereof shall be liaIl,. for
the debts or contracts. oblgarions a. fa,,lts
of this corporation be, ond q maid
balance due by him for the share, Of stock
purchased in said company. ror shall anv
in the org,nizati,,, nr this
company have the effect Of renaerI,g this
charter void. or of exposing any Stock
holder t. any liability other than aforesaid.
hi. M, ~ ~ ~.
or aI,era,ed, or # NAV ha fi.sn,vaI ,.i.,.
the consent of three fo,urtbs (3-41 of the
capital stock represented ut any general