The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-04-04
-CHARTER Of
THE ST. NARY HARDWARE CO., LTD.
state of Louisiana,
Parish of st, Mary.

Parish of st. Mary.
BE KNOWN: That on this 2Sth day
of the month of December, In the year Of
Our Lord one thousand nine-hundred and
seven and of the independence OF the
United States of America, the one hum
dredth and thirty first, before Inc, L. O.
PecOt. Notary Public in and for the i'ar-
ish of st. Mary, State of Louisiana. ,.uly
commissioned and qualified and in the pre-
sence of tie witnesses hereinafter no med
and undersigned personally came and APP
peared the persons whose names are Lcre-
unto subscribed, who declared that they,
by these presents do form themselves and
constitute a corporation under the follow
ing stipulatiOns and agreements, which
they hereby adopt as their charter, to-wl
ARTICLE /.
The name Of said corporation hereby
formed is declared to be THE ST. MARY
HARDW ARE COMPANY, LID.
Its domicile shall be in the town of
Franklin, Louisiana, and it shall baye
NAV be selected by the Board of Directors.
The President, or in event of his inabil.
itv 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 be
served Said Company shall enjoy success
sion for period of ninety mine years from
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 1t are
hereby declared to be 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 appertaining to or con-
nected with the hardware business.
ARTICLE Ill
The capital stock of this corporation is
hereby fixed at Six Thousand Dollars
($6,OO0.C represented by Sixty COY 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 10 an
amount not exceeding ten thousand dollars
$50, ,O0O) 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; ana whlcn
skall be paid for at such times and in such
sums as the Board Of Directors may direct.
dispose of any stock then held by him. he
| shall first offer it to the Company or to any
| individual stockholder 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 a
! Roard of Directors to consist of five, each
being a stOckholde 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.
/ elements, ETC., and to have constructed
| buildings, machinery implements ana otner
/ appurtenances and appliances necessary
| for. or incidental to the carrying on OF the
l said business to sell or exchange. The
! Board of Dire ctors 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 vote OF the majority
knra sent in person or by proxy shall gov
| ern. The Board of Directors shall elect a
| President, Vice. President, secretary and
| Treasurer and the Treasurer shall be eX-
I officiO, the general manager OF the Dusl-
ness OF the corporation.
| The Treasurer and General Manager
| shall have the right to employ all CLERKS
i and assistance III Lut COuuuCt VI VIZ OuoA
ness and shall fix their salaries. The hrst
BOARD of Directors shall be composed OF the
following named stockholders: + &C. Marsh
Don Caffery, Arthur Martel. j. D. Brous.
! sard and Alfred Pecot until the second
Tuesday OF January. 1909: or until theli
| successors shall have been duly elected and
qualified; each Board Of Directors shall
select one Of their number as rreslaenL
| Vice President, secretary and treasurer
| who shall hold office until their successors
shall have been elected by the succeeding
| hoard. The Treasurer shall be the eX-ot'
ficio General Manager Of the business.
Until the election to be held on the see
ond Tuesday Of January, 1909, the follow
ing shall serve as President, Alfred fecot
as o Vice.President, Arthur Martel; "a
Treasurer. f.. & Marsh; and as Secretary
J. D. Broussard.
majority Of the Directors shall constl'
| tute n Quorum for the transaction OF a
business: all vacancies in said Boarc q q
death. resignation or otherwise shall @
filed by the remaining Directors. -
IN the second Tuesday Of January, 1S4
and annually thereafter. an election
directors shall be held at the office OF tn
Comnany. and the Directors then elected
shall hold their office for the ensuing year
or until their successors are elected ant
qualified. A majority OF votes, countint
one vote for each share of stock voted upog
in person or by proxy. shall e1ec! aul ~
elections shall be balIotted. Thirty day
Notice Of ali elections by stockholde1-
shall be given in a newspaper published y
Sa'u az ''n' ARTICLEv.
This charter may be altered or anqend9'
or this corporation dissolved by vote
three -fourths uf the stock represeneed
meeting of the stockholders eenvene
for that purpose after snliry g thu uaf P.risS
st. Mary.
should the Company be earlier dissolvef
it's affairs shall be liquidated by tnree eoIp
missioners elected by the stocknoadesf
| and said commissioners are hefen yestf