The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-10-31

presented in person or by written proxy,
shall 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 thereof 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 may
meet in business session at any period Of
the year.
ARTICLE 6.
The following stockholders shall con.
stitute the first Board of Directors Of the
corporation, and shall hold Office until the
first Monday in September, 1909, or until
their successors are elected and qualified:
Fl. D. Smith, Jr., D. s. H. Smith and K.
Herbert Smith.
ARTICLE :.
At each annual meeting Of the stock
holders they shall elect from their number,
Board of Directors, a President, Vice.
President, and Secretary and Treasurer,
the last named office to be held by 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 on the first Mon.
day in September. 1903: II. u. Smith, Jr.,
and II. Herbert Smith. Secretary and
Treasurer.
ARTICLE 8.
The duty of the President shall be to
preside at all meeting of the board of direc-
tors and stockholders, sign all papers
divesting or encumbering the property of
the corporation, sign all leases, mortgages,
contl acts, 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 aforesaid
capacities in the absence or inability Of the
President.
The Secretary and Treasurer shall keep
a complete and accurate record of all the
meetings of the stockholders and board
of directors and keep or cause to be kept
under his supervision a complete set OF
books covering the transactions Of the
body corporate, which said set Of books
shall at all times be open for inspection
to all stockholders of the corporation.
he shall be the custodian of the funds
Of the corporation, and shall disburse the
same only upon the warrants drawn him.
self, and approved by the President. At
the option OF the Board of Directors, he
may be required to furnish bond in such
an amount as may be consistent with the
of his Office.
He must also make tabulated and item.
ICED statements of the financial condition
Of the company at the will of the directors.
The salaries of the aforenamed officers
shall be fixed by the board of directors.
ARTICLE q
No stakeholder hereof shall be liable for
the debts or contracts, obligations or faults
Of this corporation beyOn tue unpaid
balance due by him for the shares of stock
purchased in said company. nor shall any
in the organization of this
have the effect Of rendering this
charter void. or of exposing any stock.
holder to any liability other than aforesaid.
ARTICLE 10.
This charter may be changed, modified,
)r alterated, or it may be dissolved with
The consent of three-fourths (3-4) of the
capital stock represented ut any general
Meeting of the stockholders regularly tr
specially convened for said purpose after
fifteen Gays previous notice thereof has
been mailed to the last known address of
zach stakeholder.
ARTICLE II.
When this corporation Is dissolved for
my cause, its affairs shall be liquidated
" three commissioners appointed for said
purpose BY the board Of directors after
Afrty days previous notice of spch con-
emplated dissolution shall have been
,iven in a weekly or daily newspaper at
he domicile of said company.
These commissioners shall remain In Of.
ice until the affairs of dhe corporation
hall be INUNDATED, and shall be paid fer
hsir services according to the fee fixed
y the board of directors.
In testimony whereof, the parties hereto
ave signed these presents and indicated
he amount OF stock subscribed by them in
he presence of the other competent W.T..
'esses, and me, Notary, at my Office In the
own Of Franklin. Louisiana, on this 14th
ay ofOctOber, A. D.. 1908.
/. d. SMITH, JR. ,..... Shares
(. HERBERT SMITH 80. 5 Shares
}. S. HI. SMITH . ...1 1880 ShAres
Witnesses:
Fl. D. SMITH, SIR.
C. ID. PALFREY.