The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-03-21
-CHARTER Of
THE NJ. NlRI IiiRkNiEE ,;I.. I. ID.
state Of Louisiana,
Parish of ST Mary

| BE IT KNOWN: That on this 2Sth da,
! Of the month of December in the wear OF
! Our Lord one thousand nine hundred and
seven and of the independence Of the
nited States OF America, the one ,iun-
| lredth and thirty first, before ue, F.: O.
Pecot. a Notary Public in and for the ar
| ish of ST. Mary, State of Louisiana. July
| commissioned and qualified and in the re-
Sence of the witnesses hereinafter III. ned
and undersigned personally came anG ap-
peared the persons whose names are ere
unto subscribed, who declared that tley.
by these presents do form themselves and
constitute a corporation under the follow
in. ~tipulation> and agreements, which
| they hereby "dopt rs their charter, to- Wit:
ARTICLE l.
The name of said corporation hereby
formed is declared to be THE ST. NJ RY
HAkDW tRE COMPANY, LTD.
lt> domicile shall be in the town Of
Franklin, Oul>iana, and it shall have Il
seal with such inscription and device AS
may be selected hy the Board Of Direct or>.
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 be the person upon whom all
citation and other legal process shall he
served. Said ompan} shall enjoy success
sion for period of ninety mine years from
date hereof, and it shall have the righ. to
both real and personal property.
ARTIC:t; III.
The objects and purposes for which this
corporation Is organized and the nature OF
the business to be carried on by it are
hereby declared to he Il wholesale and re-
tail hardware establishment, to sue and
be sued, to purchase patent rights. inven-
tlonS, and all Improvements i'll machinery
to use and apply same III the course of
their business. to buy and sell vehicles,
carts. w agOn>. plOws, etc.. hardware. ma
chlnery, implements, etc. and to do any
other act and thing appertainng to or con-
nected with the hardware business.
ARTICLE Ill
The capital stock Of tins corporation Is
hereby fixed at Six Thousand Dollars
(S6,oO0.Coj represented by Sixty (6o) shares
Of One Hundred Dollars each, payable
ca sh. to be delivered to each subscriber in
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
(S1U,O00) in the manner provided by law
and persons holding stock snail 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 hell: 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 ".
All the corporate powers OF this corpora
tiOn 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 aquorum.
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. ne
Board of Dire ctors shall make and establish
all by laws, rules and regulations for the
management of the business of the Com
Dany, and to change, alter and amend the
same at pleasure, at any meeting OF the
Board of Directors Il vote of the majority
pr sent in person or by proxy shall gov
trn The Board of Directors shall elect
President, president, secretary and
Treasurer and the treasurer shall be eN-
offico, the general manager OF the bnsl-
ness of the CORPORATIONS.
h. Ira,t and &. Hcra! Manager
>ita. have III. l.! 5nt to employ all clerks
and assistance iE the conduct of the busl-
ness and shall fix their salaries The flrs'
Board of Directors shall be composed OF the
following named stockholders; F.C. MARSH MARSH
Don caffery, Arthur Martel. }. ID. Brou>-
ard and Alfred Pecot until the second
Tuesday of January. 1903. or until their
successor, shall have been duly elected and
cllaltied: each Board of Directors shall
select one of their number a President.
Vice resident, >ecretary and treasurer
who shall hold Office until their successors
-. I,xr hn
Board. The Treasurer shall be the eX-of-
fcio General Manager of the business.
Until the election to be held on the see
ond TUESDAY of January, 1909, tbe follow
ing shall serve as President. Alfred Pecot;
as Vice President, Arthur Martei; as
Treasurer, +. { Marsh; and as Secretary
j. D. Broussard.
tute quorum for the transaction OF an
business; all vacancies in said Boarc pS
death. resignation or otherwise shall De
filled by the remaining Directors. 1000
On the second Tuesday Of January, 1909,
and annually thereafter. an election or
Directors shall be held at the office OF the
Company. and the Directors then elected
shall hold their office for the ensuing year,
ar until their successors are elected and
oIlalified. A majority of votes, counting
one vote for each share Of stock voted upon
i'm person or by proxy. snail erect anu All
elections shall be ballOtted. thirty days
notice of all elections by stockholders
shall be given in a newspaper publlshed III
SAID Parish.
ARTICLE ".
This charter may be altered or amended
or this corporation dissolved by vote OF
three -fourths Of the stock represented at
4 meeting Of the stockholders convened
for that purpose after thirty days notice
nublished in a newspaper in the Parish OF
St. Mary. .
shonld the Company be earlier dissolved,
its affairs shall be liquidated by three COM
misstoners elected by the stockholders;
anG said commissioners are hereby vested
Win full power of selling any and all as.