The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-05-23


fixed at Three Thousand Dollars $4,000 90
y divided into Three Thousand shares Of tn
par value OF one dollar Isl .OO) per share
which shall be paid for in cash money or 1t
equivalent in real estate or personal prop
erty, In such manner and at such times q
! this Corporation shall commence bushes
. and be going concern from the time all it
t stock is subscribed for.
1 All transfers Of stock Of this corporation
, shall be made upon the books of thi
{ corporation by the owner or his authorized
, agent, and shall not otherwise be re-
, cognized. All certificates of stock shall
be signed by the President and Secretary
and NO certificate shall be issued mol
} transfer OF stock made except for full paid
stock.
/ ARTICLE v.
All Of the powers of this Corporation
shall be vested In and exercised by a
Board Of Directors composed Of Five (5)
stockholders. who shall be elected an
nually on the third Monday in April Of
each year commencing with the year
Nineteen Hundred and Nine (19O9), by
ballot and under the direction of two
board at said annual meeting, ut which
every stakeholder shall be entitled to az
many votes as he has shares Of stock stand
ing In bis name upon the books of the
| company, to be cast either in person or by
written proxy, and three members of the
board OF directors shall constitute q quo
rum for any ordinary business. Vacan.
cies occurring on the board of directors
to be called for that purpose after ten
days notice published In any newspaper
published In Franklin, Louisiana. and
after written notice mailed to each share
holder at least ten days prior to said
election, which shall be conducted as
hereinabove provided. The officers and
directors OF this company shall hold Office
qualified. The directors shall have full
power to provide for and call special
meetings Tor any purpose whatsoever, pro.
vlded due notice be given to each share.
holder in writing mailed to his proper ad- !
ofess at least ten days prior to such meet.
ing:
The Board of Directors shall elect the
Officers Of this corporation who shall con-
SYST OF president, vice.president. q 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
Office.
The first board Of directors shall be and
1s composed Of: Donelson Gallery. J. Sully
Martel, r. Emmett O'Niell, John NJ. CAT.
iery, }. w. Foster, and the officers shall
be and are: Donelson CaRery, president;
=; Sally Martel, vice.president; K. Emmett
UNleii. secretary and treasurer; and these
directors and officers shall remain in Office
until their successors are elected and DUAL. !
fled. 1' I
ARTICLE vi, Il
This charter may be amended by a vote
II majority Of the stockholders in nnm-
oers ut meeting convened for that pur.
pose' alter ten days written notice Of :
'ocn intention and Of the date and place : :
.no proposed amendment, mailed to each
tockholder ut his proper place Of residence t
ing after publication Of . copy Of said
!ottce at least twice In q newspaper nnh.
ished In Franklin. Louisiana. In issues one 9
xeek apert' and this corporation may be !;
dissolved by vote of ree-fourths Of the y
:aRitai stoce at such meeting as here +
nabove last provided for, and after the D
anne notification and publications a. here. ID
naboye last provided for. q
The capital stock Of this CORPORATION u
nay be increased or diminished by conc .,
lance with the laws Of the State of a.
'ouisfana upon this subject. loi
ARTICLE VII. a
Wnenever this corporation shall be dis.
therwise. two liquidators shall be elected 81
the stockholders at the meeting in which At
ne liquidation 70 had or declared: and The 8.
EDUCATORS shall remain In Office until the Oil
Of tho liquidation Of this cor. ii
ofeson's anatrs; and in tho event Of e
,ttre power and authority Of the liuuidas ~
re shal! rest on the survivor: and in the an
'ent OF his death another liuuidator or two on
1uidators shall be elected BY the stock. ye
'l9ers as meeting held after the notices ~
la under the formalities provided for in 'n
:. ARTICLE VIII. 70
No stockholder or this corporation sh.,, on
er be liable for the faults Of debts or sh
ntracts or other obligations of thia chr. sn
Z adon beyond the amount Of any unpaid VI
lance que Tor the stock subscribed BY him of
snan any mere fnf0rmality In the cor hol
ration have the effect Of rendering a sh.
arenoider liable beyond such sum, The
bscriptton hereto shall constitute the Dil
ginal stock list. "0 Bo
(nus done and passed at my Office. in the =
wn OF Franklin. Louisiana. on The dav an,
z GATE hereiuabove first written, in the dis
'sence OF Victor Won 6choeler and James Der
Isrkerson two competent witnesses mol
o sign this charter with said incorpora. ant
and me, said notary, after due readine. ~. a
N0lEneQ:) oft
y.W. FOSTER CAP
DOnELeON CAFEERY, orr
a. EMMETT O'NIELL, sna
J. SULLY MATTEL. AZ sdG
vIcroR Won ScHoEIrR p,
JAS. r. PARKHRsON. of
Il. U. FECOf. Notary Public and
Ire,
the
State OF Louisiana. held
Parish of st. Mary. fcii,
avtng read the foregoing Charter Of LIZ. In
e. t tne erss. on Company" and say.
ny ING ODJects and purposes therein Emi
ana IN no manner contrary tn or II J0hI
Att0n OF the laws and c0nsfitnt;on - Vice
state q Louisiana. hereby approve ana
'aid Charter, or Act Of Iucorporafion. ~,
: t,,.s ~ r",OAs wlsneeS my oMCtal alter
~" - rIcnonn, Louisiana, on this with
"sy OF april lSO6. Of Il
(S1gneQ) w. K WTrsoN gene
~As0CANs held