The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-03-28
CHARTER Of
The ST. MARY HARDWARE Co., LTD.
state of Louisiana,
Parish of st. Mary.

y
BE 1T KNOWN: That on this 2Sth day
of the month of December, in the year OF
! Our Lord one thousand nlne-hundred and
seven and of the independence Of the
| United States of America, the one nun
| dredth and thirty first, before Inc, ! o.
Pecot. a Notary Public in and for the Par
! ish Of st. Mary, State Of Louisiapa. duly
| commissioned and qualified and in the pre-
sence of the witnesses hereinafter NJ med
and undersigned personally came and APP
peared the persons whose names are ere
unto subscribed, who declared that they,
by these presents do form themselves and
constitute corporation under the follow
ing stipulations and agreements, which
they hereby adopt as their charter, to- wit:
ARTICLE l.
The name of said cor poratiOn hereby
formed is declared to be THE ST. MARY
HARDW ARE COMPANY, LID.
Its domicle shall be in the town of
Franklin, Louisiana, and it shall have a
seal with such inscription and device as
may be selected 10y 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-l'resident is hereby
declared to be the person upon whom all
citation and other legal process shall be
served. Said Company shall enjoy success
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 ii.
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 be a wholesale and re-
tail hardware establishment, to sue and
be sued, to purchase patent rights. inven-
tions, and all improvements in machinery
to use and apply same in the course OF
their business, to buy and sell vehicles,
carts, W agons, plOws, etc., hardware, ma
chinery, implements, etc, and to do any
other act and thing appertalning to or con-
nected with the hardware business.
ARTICLE Ill
The capital stock of this corporation is
hereby fixed at Six Thousand Dollars
($6,0O0.G0D represented by Sixty (6O) shares
of One Hundred Dollars each, payable
cash, 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
(%1U,O0O) 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 irst 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 Nv.
Ali the corporate powers OF this corpora
ton shall be vested in and exercised by
Board of Directors to consist OF five, each
being stockholder Of said Company, three
of said Board shall constitute 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 ana otner
appurtenances aud appliances necessary
tor. or incidental to the carrying on of the
said business to sell or exchange. The
Board of Director shall make and establish
all by laws, rules and regulations for the
management 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 a vote of the majority
pr sent in person or by proxy shall gov
ern. The Board of Directors shall elect
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
ness and shall fix their salaries. The first
Board of Directors shall be composed of the
following named stockholders: &c. Marsh.
Don Caffery, Arthur Martel, }. D. Brous--
ard 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, 1919, the follow
ing shall serve as President, Alfred Pecot;
as Vice President, Arthur Martel; as
Treasurer, f. q Marsh; and as Secretary,
J. D. Broussard.
A majority of the Directors shall consti-
tute quorum for the transaction OF all
business; all vacancies in said Board by
death. resignation or otherwise shall be
filled by the remaining Directors. o
On the second Tuesday OF January, l3o9,
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. A majority OF votes, counting
one vote for each share Of stock voted upon
in person Or by proxy. sHali tlHcc anu al
elections shall be ballotted. Thirty days
notice of all elections by stockholders
shall be given in newspaper published In
SAID Parish.
ARTICLE Y.
This charter may be altered or amended
or this corporation dissolved by vote OF
three -fourths of the stock represented ut
a meeting of the stockholders convened
for that purpose after thirty days notice
nublished in a newspaper in the Parish OF
| st. Mary.
shnnld the Company be earlier dissolved,
its affairs shall be liquidated by three com
missioners elected by the stockholders;
and said commissioners are hereby vested
with full power of selling any and all as.
| sats and nropertv both real and personal, OF