The St. Mary banner., 1908-11-07

a 81
directors: Emile Gajan. A. J.. Suber-
belle, ]. p. Suberbielle, Ventress j.
Smith, Porteus r. Burke and c. F.
Borah, with Emile Gajan, as President;
A. j. Suberbielle, as Nice-President; j.
P. Suberbielle, asHecretary, and Ventress
j. Smith, as Treasurer. They shall hold
Office until the first Monday of May. A.
d. 1909. or until their successors shall
have been duly elected.
| No person shall be eligible rs director
or officer who is not a stOckholder of
this company.
The Board of Directors shall elect it's
officers and shall appoint such agents
and managers as may he necessary, and
shall fix their compensation.
| The said Board of Directors shall
make all bylaws, rules and regulations
for the proper government of the busi-
ness and affairs of the corporation, and
alter, amend and change the same at
pleasure. They shall have power to
buy, sell, mortgage, pledge and lease
any and all property, real, personal and
mixed, corporeal or incorporeal, when
ever in their judgment they may deem
such acts necessary and proper, and to
l
sary to carry same into effect.
All acts of sale, purchase, lease or
| other contracts shall be signed by the
| President, or in case OF mis- absence or
inability to act by the Vice-President.
| ARTICLE vi.
On the first Monday of May of each
| year beginning with the year 1909, there
| shall be meeting OF the stockholders TO
elect directors for the ensuing year,
which meeting shall be called after
notice published twice in ten days in one
of the weekly newspaperspublishedin the
Town Of Franklin, Parish of st. Mary,
State of Louisiana, and also after a
written or printed copy of said notice in
the post-ofice, prepaid, addressed to
each stockholGer at his usual place OF
residence at least ten days before the
date fixed for said meeting; and the
Board of Directors shall appoint one or
more stockholders to preside at such
election as commissioners. In the event
of the failure of any commissioner or
commissioners to attend, the President
shall, by appointment, fill the vacaDy.
At every election and meeting each
stockhOlder shall be entitled to one vote
for each share of stock registered in his
name, and may vote by proxy.
The election of directors shall be by
ballot, and the majority in amount OF
votes cast, each share of stock voted
upon to be counted for one vote. shall
elect the person or persons for whom
they have heen cast.
ANY failure from any cause whatever
to elect directors the day named for that
purpose shall not dissolve the corpora
ton, but the directors then in Office, as
well as the officers of said company, |
shall hold over until their successors |
are chosen, and any vacancy occurring |
on the board of directors from any cause |
shall be filled by the remaining directors !
ARTICLE VII.
No stockholder of this corporation |
shall ever be held liable or responsible |
for the contracts or faults thereof, in any |
further sum than the unpaid ba,ance |
due the company on the Shares of stock |
subscribed FOR or owned by him, nor shall |
any mere informality in organization
have the effect of rendering this charter
null, or of exposing the stockholder to
any liability beyond the unpaid balance.
if any, of his stock.
ARTICLE VIII.
changed, abridged or amended
q vote Of three-f0urths of the stock at y
general meeting held for that purpose
after at least ten days written notice in
the postoffice, prepaid, addressed to each
at his usual place of re-
sidence, and in case of dissolution. three
shall be elected ut said
meeting by said stockholders. and said
shall wind up and settle
the affairs of this corporation. |,
At the termination of this act of in
either by limitation of its
charter or from any cause, the business
and affairs of this corporation shall like
wise be wound up and settled by three
elected by the stock
holders at q meeting called for that pur-
pose, after ten days notice, as above
stipulated. II
Said commissioners shall remain in of
ice uLtil the affairs of said corporation {
hall have been fully liquidated. In case |
If the death or disability of any one of {
aid commissioners, the survivor or SUR I
7iv0rs shall appoint successor to him. .
Thus done and passed in my notarial e
,ffice at Franklin, a. aforesaid, the day. | I
month and year first above written, in I
he presence of j. Wood Chadwick and 4
7. =. Ostheimer. both of lawful age, re- Z
iding in said town, who hereunto sign a
heir names with said appearers andsme, I
lotary. after due reading of these {
'resents. g
The interlineatiOn on the 3Oth line OF r
be second page was made at the time of d
he signing of these presents and vas n
uly approved before the signing Of these .
fesents. II
(Signed): 9
I. &. Suberbielle. $500. 49,. Is Shares {,
!. J. Suberbielle. e............ Is Shares q
}. dajan. ....... .......... Is Shares 81
Orteus x. Burke. ........... Shares b