The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-11-21

smith, POrteus r. Burke ana I. r.
Borat. with Emile Gajan, as President;
A. J. Suberb;elle, as \ice-President; ).
p, Suberbielle. as 'ecretary, and Ventress
]. Smith. as Treasurer. They shall hold
,tfice until the first Monday of May, A.
p. 1909, or until their successors shall
have been duly elected.
No person shall. be eligible as director
VT officer who is not a stakeholder OF
this company.
The Board of Directors shall elect its
officers and shall appoint such agents
and m managers az may be necessary. and
shall fix their compensation.
The said Board of Directors shall
make all bylaws. rules and regulations
for the proper government OF the busl.
ness and affairs of the corporation, ana
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
make all contracts and agreements neces-
sary to carry same into effect.
All acts If sale, purchase, lease or
nthcr contracts shall be signed by the
President, or in case Of his absence or
inability to act hy the Vice. President.
ARTICLE vi.
On the first Monday Of May Of each
year beginning with the year 1909, there
shall be a meeting of the stockholders to
elect directors for the ensuing year,
which meeting shall be called after a
notice published twice in ten days in one
Of the we. xiv newspapers publishedin the
Town OF Franklin, Parish of st. Mary,
State of Louisiana, and ais" after a
written or printed copy of said notice in
the post-office, prepaid, addressed to
each stockholGer at his usual place of
residence at least ten days before the
late 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 vacany.
At every election and meeting each
stakeholder shall be entitled to one vote
for each share of stock registered in his
name. and may vote by proxy.
Hc cIcCUIOu VI utICClOIS Shdu UC ny
ballot, and the majority in amount o!
votes cast. each share of stock voted
upon to be counted for one vote, shall
elect the person or persons for whom
they have been cast.
ANY failure f,om any cause whatever
to elect directors the day named for that
purpose shall not dissolve the corpora
tion, 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 stakeholder of this corporation
shall ever be held liable or responsible
for the contracts or faults thereof, in any
further sum than the unpaid balance
due the company on the shares of stock
subscribed for or owned By him, nor shall
any mere informally in organization
have the effect Of rendering this charter
null. or Of exposing the stakeholder to
any liability beyond the unpaid balance.
if any, of his stock.
ARTICLE VIII.
This act of incorporation may he
modified, changed, abridged or amended
or said corporation may be dissolved by
a vote Of -fourlhs of the stock at a
general meeting held for that purpose
after at least ten days written notice in
the p0stoffice, prepaid. addressed to each
stakeholder at his usual place of re-
sidenc+, and in case of dissolution. three
commissioners shall be elected at said
meeting by said Stockholders. and said
commissioners shall wind up and settle
the affairs of this corporation.
AT the termination Of this act of in
corpo, alton either Ivy Limitation Of its
charter or from any cause, the, business
wise be wound up and settled by three
commissioners elected by the stock
holders at meeting called for that pur-
pose, after ten days notice, as above
stipulated.
Said commissioners shall remain in Of
flee until the affairs of said corporation
shall have been fully liquidated. In case
Of the death or disability Of any one Of
said commissioners, the survivor or sur-
vivors shall appoint successor to him.
Thus done and passed in my notarial
Office at Franklin, as aforesaid, the day,
month and year first above written, in
the presence of J. Wood Chadwick and
v. J Ostheimer. both of lawful age, re-
siding in said town, who hereunto sign
their names with said appearers andsme,
notary. after due reading of these
presents.
The interiineation on the 3Oth line of
the second page was made at the time of
4 h. ciUnInD nf fhp0o oVA
duly approved before the signing of these
presents.
(Signed):
}. P. Snberbielle -. $50. Is Shares
A. J. Suberbielle. ........... Is Shares
+. Gajan ...... .......... Is Shares
Porteus X. Burke. Shares
Ventress J. Smith,. 80. l Share
per p. r. Burke,