The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-10-17

presented IN person or by written n.o-
snaii constitute quorum of anv maot a;y,
of the stockholders. oeung
Inc regular annual meeting of the sto.,
holders shall be held on the : No "S d stock'
the board of directors, proyidoJ J"'e y
speelal meetings of the stockholders s .ast
be held at any period of the year unon 'd da!
notice thereof having been n allied - ~. .S
Iast known address OF each ockholder hs
the secretary of the corporation FEY
Q5) days prior to the date of snch A ssea
templated meeting. soa'
Upon the call of the President NJ -.
corporation, the Board of Directors ,s ae
meet in business session at any period ~. !.
the year. VI
ARTICLE 6.
| The following stockholders shall
>titute the first Board of Directors ~ s ~.
corporation. and shall hold office until W. .Se
first Monday i'll September. 1909. or nr uHS
their successors are elected and qualifleS.
| II. ID. Smith, Jr.. ID. >. II. Smith ana =
| Herbert Smith H.
ARTICLE :.
At each annual nj citing of the sto,.
holders they shall elect from their numha.
| a Board of Directors, a iresident w.
President, and Secretary and Treasnro,
| the last named office to be held hv ~,
person at the option of the stockholds..s
each of the said officers to hold Office -,
the period of one year. or until their .ro
cessor is duly elected and qualified. IN.
following named stockholders shall serys
in the capacities named. until the neYt
annual election to be held OH the first Mon.
day in September. 1909: II. ID. SIN IN 4.
President: u. ). H. Smith, Viee.Presidsn,
and Il. Herbert Smith. Secretary ,nS
! Treasurer.
| ARTICLE s.
The duty of the President shall be n
preside at all meeting of the board Of dire
| tors and stockholders, sign all nans.,
| dlvesting or encumberiDg the properly NJ
the corporation, sign all leases, MORTGAGE.
contracts, etc, and be the PROPER Office,
upon which service of citation shall h.
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 thu
| President.
| The Seer stary and Treasurer shall keen
| complete and accurate record of all thss
meetings of the stockholders and board
| of directors and keep or cause to be kent
| under his supervision a complete set Of
| books covering the tran; actions of tho
| body corporate, which said set Of books
shall at all times be open for inspection
to all stockholders of the corporation.
! Ee snail be the custodian of the fuada
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 he consistent with tbs
re>pons 'bililie> of his utfce.
tie must also make tabulated and item.
lied stateIe.l Its 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 8.
No stakeholder hereof shall be liable for
the debts or contracts, obligations or faults
of this corporation beyond the unpaid
balance due by him for the shares Of stock
purchased in said company. nor shall any
informality in the organization Of this
company 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,
or alterated, or it may be dissolved with
the consent of three -fourths (3-4) OF the
capital stock represented at any general
meeting of the stockholders regularly Of
especially convened for said purpose aftsf
fifteen days previous notice thereof h.
been mailed to the last known address of
each stakeholder.
ARTICLE II.
When this corporation is dissolved for
any cause, its affairs shall be liquidatd
by three commissioners appointed for oaid
purpose by the board of directors aftG
thirty days previous notice of such con.
templated dissolution shall have been
given in a weekly or daily newspaper st
the domicIle Of said company.
These commissioners shall remain 10 Of
flee until the affairs of the corporation
shall be liquidated, and shall be paid to!
their services according to the fee liked
by the board of directors.
In testimony whereof, the parties hereto
have signed these presents and indieateQ
the amount of stock subscribed by the1m
the presence of the other competent WIN
nesses, and me, Notary, at my Office In the
Town of Franklin. Louisiana, on this IAN
day ofOctober, A. D.. 1908.
H. d. SMITH, JR., Shares
r. HERBERT SMITH ..... 5 Shares
D. S. H. SMITH ... 1880 Shares
Witnesses:
H. d. SMITH, SR.
G. D. PALFREY.
HENRY MAYER,