The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-11-21
NO. 81


MAJORITY of the directors shall con-
stitute quorum for the transaction OF all
business legally coming before them, and a
majority Of the stock of the corporation re-
presented in person or by written proxy,
shall constitute quorum Of any meeting
of the stockholders.
The regular annual meeting the stock.
holders shall be held on the same date as
the board of directors, provided that
special meetings of the stockholders shall
be held at any period of the year upon due
notice thereof having been mailed to the
last known address Of each stakeholder by
the secretary of the corporation Fifteen
(15) days prior to the date of such con-
templated meeting.
Upon the cali Of the President of the
corporation, the Board of Directors may
meet in business session at any period Of
the year.
ARTICLE 6.
The following stockholders shall con.
stitute the first Board of Directors of the
corporation, and shall hold office until the
first Monday in September, 1909, or until
their successors are elected aud qualified:
II. ID. Smith, Jr., ID. ). H. smith and X.
Herbert Smith.
ARTICLE :.
At each annual m eting OF the stock.
holders they shall elect from their number,
a Board Of Directors, a President, Vice.
T.
the last named office to be held by one
person at the option of the stockholders,
each of the said officers to hold office for
the period of one yea or until their sue.
cessOr is duly elected and qualified. The
following named stockholders shall serve
in the capacities hamed, until the next
annual election to be held on the first Mon.
day in Sept mber 1903: II. Smith, Jr..
President; ID. :. H. Smith, Vice-President
and i. Herbert mith. Secretary and
Treasurer.
ARTICLE
The duiy of the President shall be to
preside ut all meeting of the board of direc-
tors and stockholders, sign all papers
divesting or encumbering the property of
contracts, etc., and be the proper officer
upon which service of citation shall be
made.
1t shall be The duty # the Secretary and
Treasurer to act in all # the aforesaid
capacities in the absence or inability Of the
President.
The Secretary and Treasurer shall keep.
a complete and accurate record Of all the
meetings of the stockholders and board
of directors and keep or cause to be kept
under his supervision complete set OF
books covering the tran actions of the
body corporate, which said set Of books
shall at all times he ope for inspection
to all stock holders Of the corporation.
Ee shall be the custodian of the funds
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
ali amount As may be consistent with the
of his office.
He must also make tabuIated and item.
ized statements of the financial condition
Of ha com tanv at the will nf ha 6irootnrs
The salaries of the afOrcnamed officers
shall be fixed by the board of directors.
ARTICLE 8.
No stockhOlder hereof shall be liable for
the debts or contracts, obligations or faults
of this corporation be> ond tIe unpaid
balance due by him for the shares of stock
purchased in said company. or 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 9th T. 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 or
especially convened fer said purpose after
fifteen ays previous notice thereof has +
been mailed to the last known address of &
each stakeholder.
ARllCLE IL.
When his corporation Is dissolved for
my cause. its affairs shall he liquidated !
by three commissioners appointed for said
purpose by the board Of directors after
thirty days previous notice of such con.
.emplated dissolution sh al have been
gwen in IA weekly or daily newspaper at
he domicile OF said company.
these commissioners shall remain in of
i"e until the affairs Of the corporation
hal liz tod hal no
heir services according to the fee fixed
Dy the board of directors.
In testimony whereof, the parties hereto
nave signed these presents and indicated
he amount O. ,tock subscribed by them In
he presence of the other competent wit.
le-ses, and me, Notary, at my Office in the
Town Of Franklin. Louisiana, on this 14th
lay OfOctOber, 4. D.. 1903.
d. -. SMITH, JR.,. ShareS
z. HERBERT SMITH -. 5 Shares
D. S. II. SMITH .. 1890 Shares
Witnesses:
H. d. SMITH. SR.
C. D. PALFREY.
HENRY MAYER,
Notary Public.
State of Louisiana,
Parish of ST. Mary.
have eXamiued tn above and foregoing
Charter. and am Of the opinion that the
purposes and objects Of the said cOrpOr-
ltiun arr legal and that none Of the pro.
visions therein contalhsd are contrary to
The law.
+ rankin, La, ctober 1:th, 1908.
(~ignedo ". X. WILSON,
District Attorney.
State of Louisiana,
Parish of st. Mary.
7, wilbur y. Kramer, Clerk 23rd Judi.
cial District Court st. Mary Parish,
! ouisi ma. x-offico Recorder thereof. do
hereity certify that the above and FORE
going act is true and correct copy of the
original act of Incorporation Of t1e Harry
iii ompany, Ltd now on file in my of
lice and Of record in Book 81 of Mortgages,
Nu ;l3 ,3Ss, therein inscribed Of date Octoi
b l4th, 1908.
n evidence thereof, witness my official