The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1908-01-04

the time OF subscription or OF its lSSu-
ancp, at not less than par. Stocks may
be issued in exchange for property or
rights actually received or purchased by
the corporation. or for such other valua-
BILE consideration or services rendered as
may be determined by the board of d.
rectors, provided that the stock 50 issued
shall br clearly equal to the cOnsidera-
tiOn thereof; and provided that no stock
shall issue until the consideration there
of shall have been received by said cor
poratiOn. No stakeholder shall sell his
stock until fifteen days prior notice OF
his intention To sell be given to the
Company, and the stockholders shall
have the first privilege of purchasing
the same. No transfer shall be made
without thr proper entry thereof Oh the
stors hooks Of the Company. This cor
poration shall commence doing business
az Sn.'n as seven thousand dollars of the
capi.al stock shall havs been subscribed.
Thu directors shall have the right to de-
tprminp how much additional stock shall
be- sued.
ARTICLE ".
The corporate powers Of this Company
shall be- vested in and exercised by q
bard 1T five directors; three Of whom
shall constitute a quorum for the trans
action Of business, and their decisions
shall he valid corporate acts. There
shall be- elected from these a president.
and secretary and treasurer. The
board Of directors shall be- elected on the
first Monday Of May of each year. Until
the election of 1908 the following per-
Sons shall constitute the first board of
directors: ". j. Burke. DIR. Geo. j. Sa-
batter, l.. B. Grow and Robert Martin.
and until such time ". j. Burke, shall
be president. and Robert Martin, secre-
tary and treasurer. At every election
and meeting of stockholders each stock
holder shall be entitled to one vote for
each share of stock registered in his
name. and may vote by proxy.
ARTICLE V.
The board Of directors shall have pow
er to fill vacancies in their number
cansed by death, resignation or other
wise. from among the stockholders of
said corporation. The said board shall
have full control of the property Of this
Company, and shall so conduct. manage
and Use the same, AS in their discretion
they deem lit. and that is consistent
with the objects of this Company or the
welfare Of the same. 1t may adopt
such rules and regulations as the affairs
OF the corporation may require. employ
such servants, clerks or other agents as
il may appear desirable; 10 fix and de
termine the salaries Of officers and other
employees herein provided for
ARTICLE vi.
This charter may be changed or
amended, the stock increased or decreas-
ed, or the corporation dissolved at gem
eral MEETING of the stockholders con-
vened for the purpose, with the assent
Of three-fOurths of the entire stock is
sued. whether present or represented at
such meeting. Thirty days prior notice
of such meeting shall be given IN any
any newspaper published in st. Martin
vile. Notice shall likewise be given in
writing. In case of dissolution Of this
corporation, the liquidation of its affairs
shall be conducted by three Commits
siOners. selected from the stockholders
at meeting called for that purpose. as
above set forth In this article. Said
commissioners shall remain in Office I'M
til the final liquidation. In case of the
death of one or more Of such commits
continue to act.
ARTICLE VII.
No stakeholder of this corporation
shall be- held liable for the contracts or
faults thereof. in any further sum thnn
the unpaid balance due the Company OIL
the shares If stock subscribed for or
owned by him. nor shall any informali-
ty in organization have the effect OF
rendering this charter null. or Of ex-
passing stakeholder to y liability be
you'd the unpaid balance. if any. a. his
stock.
Thus done and passed at nv office OH
the day, month and year first above
written. in the presence Of Mes'rS. Hen
ry p. Olivier and Dan W. voOrhips. COM
petent witnesses residing ia this Parish.
who hereuntO sign their names 10 geth-
er with the parties and me. Notary, af-
ter due reading of the whole.
l.. B. Grow. 80 shares.
George J. Sabatier. NJ. ID. no shares.
Walter j. Burke. 10 shares.
r. Martin, 10 shares.
Witnesses:
Henry P. Olivier.
Dan W. VOORHEES,.
JAMES j. MARTIN. Notary Public.
Received aud filed Dec. 5, 1907.
/. Bienyenu, by. Clerk.
State OF Louisiana,
Parish of st. Martin.
l do hereby certify that the foregoing
Charter of THE Grow Company" is duly
in Conveyance Book IS. No
33l42, this 9Th day of December, 1907.
|. Bienvenu, by. Clerk.