The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-05-02

| election. Wnlcn snail De conducted a.
hereinaboye provided, The officers anG
| directors Of this company shall hold Office
until their successors are elected an6
qua lifted. he directors shall have full
power to provide for and call specia
meetings for any purpose whatsoever. pro.
vided due notice be given to each share
b older in writing mailed to his proper ad.
dress at least ten days prior to such meet
| ing.
The Board Of Directors shall elect the
! officers Of this corporation who shall con.
| sist of president, ylce-presldent. sec.
rotary and treasurer; and the Office of the
| secretary and treasurer may be held by
one and the same stakeholder, and the
| general manager of this corporation may
also be director holding also any other
office.
The first board of directors shall be and
is composed of: Donelson Caffcry, j. Sully
Martel, X. Emn ct O'Niell, John NJ. CAT
| fiery, J. W. Foster. and the officers shall
be and are: nonelson Gallery, president
j. Sully Martel, vice president; K. Emmett
1 O'Nieli. secretary and treasurer; and these
| directors and officers shall remain in office
! until their successors are elected and quail
| fled.
ARTICLE VI.
This charter may be amended by a vote
of a majority of the stockholders in num-
| bers at meeting convened for that pur-
pose, after ten days written notice of
such intention and of the date and place
| and proposed amendment. mailed to each
stakeholder at his proper place of residence
and after publication of a copy OF said
notice at least twice in newspaper pub
lished in Franklin. Louisiana. in issues one
week apart; and this corporation may be
dissolved by vote OF three.fourths of the
capital stOce at such meeting as here
inabOve last provided for, and after the
same notification and pub lications as here
ipabove last provided for.
The capital stock of this corporation
may be increased or diminished by COM
pliance with the laws of the State of
Louisiana upon this subject.
ARTICLE VII.
Whenever this corporation shall be dis
solved either by limitation Of its charter or
otherwise. two liIuidators shall be elected
by the stockholders at the meeting in which
the liquidation is had or declared: and the
liquidators shall remain in office until the
completion Of the liquidation of this cor
poration's affairs; and in the event of
the death Of one OF the liquidators the
entire power and authority of the liqEida-
tors shall rest on the survivor: and in the
event Of his death another liuuidator or two
liquidators shall be elected by the stock
holders at meeting held after the notices
and under the formalites provided for in
Article vi.
ARTICLE VIII.
No stakeholder or this corporation shall
ever be liable for the faults of debts or
contracts or other obligations of this cor
poration beyond the amount Of any unpaid
balance due for the stock subscribed by him
nor shall any mere informality in the cor
poration have the effect of rendering a
shareholder liable beyond such sum. The
subscription hereto shall constitute the
origin Il stock list.
Thus done and passed at my office, in the
Town OF Franklin. Louisiana, on the day
and date hereinabove first written, in the
presence Of Victor Won SchOeler and James
arkerson two competent witnesses
who sign this charter with said incorpora-
tors and me, said notary, after due reading.
(Signed:)
}. W. FOSTER
DONELSON CAFEERY,
X. EMMETT O'NIELL,
j. SULLY MAkTEL.
Witnesses:
VICTOR VON SCHoELER
JAS. X. PATTERSON.
L. U. lECOT, Notary Public.