The St. Mary banner., 1908-04-11
CHARTER OF
THE st. MARY HARDWA ARE CO.. IT'D.
state of Louisiana.
Parish of ST. Mar, g..


Parish of st. MARI
| BE IT KNOWN: That on this 2Sti dav
| of the month of December, in the ear of
| Our Lord one thousand nine hundred and
seven and OF the independence o. the
| United States Of America, the one hum
| dredth and thirty first, before Inc, :. q.
Pecot. a Notary Public in and for the Par
sh Of st. Mary. State of Louisiana, duly
commissioned and qualified and in the pre-
sence of the witnesses hereinafter nlmed
and undersigned personally came and ap-
peared the persons whose names are here
unto subscribed, who declared that they,
by these pres entS do form themselves and
constitute corporation under the follow
ing stipulations and agreements, which
they hereby rdopt as their charter, t. wit:
ARTICLE l.
The name of said corporation hereby
formed is declared to be THE ST. Nj ARY
HARDW ARE COMPANY, LTD.
Its domicile shall be in the town of
Franklin, Louisiana, and it shall have a
seal with such inscription and device AS
may be selected by the Board of Directors.
The President, or in event Of his inabil
ity to act by reason of his absence or from
other cause. the Vice President is hereby
declared to he the person upon whom all
citation and other legal process shall be
served. Said Company shall enjoy sucees
sion for period Of ninety mine years from
date hereof, and it shall have the right to
purchase, hold, mortgage and convey,
both real and personal property.
ARTICLE IL.
The objec.s and purposes for which this
corporation Is organized and the nature of
the business to be carried on by it are
hereby declared to be a wholesale and re-
tail hardware establishment, to sue and
be sued. to purchase patent rights, inven
tiOns, and all Improvements i'll machinery
to use and apply same in the course of
their business, to buy and sell vehicles,
chinery, implements, etc, and to do any
other act and thing appertaining to or con-
nected with the hardware business.
ARTICLE Ill
The capital stock of this corporation is
hereby fixed at Six Thousand Dollars
(S6,o00.C0l represented by Sixty (60) shares
Of One Hundred Dollars each, payable
person. This corporation shall have the
right to commence business Immediately.
The capital stock may be increased to an
amount not exceeding ten thousand dollars
($1O,OOO) in the manner provided by law
and persons holding stock shall have the
right to subscribe for such stock in pro-
portion to the number of shares then held
by such person or persons; and which |
shall be paid for at such times and in such
sums as the Board of Directors may direct. |
In the event any stakeholder desires to
dispose of any stock then held by him. he
shall first offer it to the Company or to any
individual stakeholder thereof, which
Company or stockhOlder shall have the
option of buying same at the price offered.
ARTICLE ".
Ali the corporate powers of this corpora
ton shall be vested in and exercised by a
Board of Directors to consist of five, each
beinga stockhOlder Of said Company, three
of said Board shall constitute Il quorum.
The Treasurer and General Manager shall
have full power to purchase property,
patent rights, inventions, machinery, i'm
plements, etc., and to have constructed
buildings, machinery implements and other
appurtenances and appliances necessary
for or incidental to the carrying on of the
said business to sell or exchange. The |
Board of Directors shall make and establish
all by-laws, rules and regulations for the
of the business of the Com
pany, and to change, alter and amend the
same at pleasure, at any meeting of the
Board of Directors vote of the majority |
pr sent in person or by proxy shall gov
ern. The Board of Directors shall elect a
President, Vice-President, Secretary and
Treasurer and the Treasurer shall be eX-
officio, the general manager OF the busi-
ness of the corporation.
The Treasurer and General Manager |
shall have the right to employ all clerks |
and assistance in the conduct Of the busi-
ness and shall fix their salaries. The first !
Board of Directors shall be composed of the |
named stockholders: f. G. Marsh.
Don Caffery, Arthur Martel, J. D. Brous-
sard and Alfred Pecot until the second
Tuesday of January. 1909. or until their
successors shall have been duly elected and !
qualified; each Board of Directors shall
select one of their number as President.
Vice. President, secretary and Treasurer,
who shall hold office until their successors !
shall have been elected by the succeeding
Board. The Treasurer shall be the eX-of-
ficiO General Manager OF the business.
Until the election to be held on the Sec |
ond Tuesday of January, 1909, the follow
ing shall serve as President, Alfred PecOt;
as Vice President, Arthur Martel; as
Treasurer, F. & Marsh; and as Secretary,
J. ID. BrOussard.
A majority Of the Directors shall consti-
tute a quorum for the transaction of all
business: all vacancies in said Board by |
death, resignation or otherwise shall be
filled by the remaining Directors.
On the second Tuesday Of January, 1909.
and annually thereafter. an election of
Directors shall be held at the office of the
Company. and the Directors then elected |
shall hold their Office for the ensuing year,
or until their successors are elected and |
qualified. majority of votes, counting
one vote for each share of stock voted upon
in person or by proxy. shall elect and all
elections shall be ballotted. Thirty days |
notice of all elections by stockholders /
shall be given in newspaper published in
SAID Parish.
ARTICLEV.
This charter may be altered or amended
or this corporation dissolved by vote of
three -fourths Ut the stock represented at
a meeting of the stockholders convened
for that purpose after thirty days. notice
published in newspaper in the Parish Of
st. Mary.
At the expiration Of this Company, or
should the Company be earlier dissolved,
its affairs shall be liquidated by three COM
missioners elected by the stockholders;
a nd said onmmi issi0nora are harehv veAfed