The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-10-31

directors: Emile Gajan. A. j. Suber.
belle, ]. r. Suberbielle, Ventress J.
smith, Porteus r. Burke and c. F.
Borah, with Emile Gajan, a. President;
A. j. Suberbielle, Us Nice-President; J.
P. Suberbielle, ssi ecretary, 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 q stakeholder OF
this company.
The Board of Directors shall elect its
officers and shall appoint such agents
and managers as may be necessary. ana
shall 81 their compensation.
The said Board of Directors snail
make oil by laws, rules and regulations
for the proper government of the busl-
ness and affairs of the corporation, ana
alter, amend and shange the same at
pleasure. They shall have power to
buy, sell, mortgage, pledge and lease
any and all property, real, personal ana
mixed, corporal or incorporeal, when'
ever in their judgment they may deem
such acts necessary and proper, and 10
make all contracts and agreements neces-
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 his absence or
inability to act by the Vice-P President.
ARTICLE vi.
On the first Monday of May of each
year beginning with the year 1909, there
shall be q meeting of the stockholders to
elect directors for the ensuing year,
which meeting shall be called after q
notice published twice in ten days in one
If the weekly newspapers publishedin the
Town of Franklin, Parish of St. Mary,
State of Louisiana, and also after q
written or printed copy of said notice in
the post-ofice, prepaid, addressed to
each stakeholder 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 stock holders to preside at such
election az commissioners. In the event
of the failure of any commissioner or
commissioners to attend, the President
shall, by appointment, fiji the vacany.
At every election and meeting each
stakeholder shall be entitled to one vote
lOA C1Vu Ou0tC VA OgONN AN6t0SSASA ia As0
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 been 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
we'll a. 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 balance
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.
This act of incorporation may he
modified, changed, abridged or amended
or said corporation may be dissolved by
q vote of three-fourlhs of the stock at q
general meeting held for that purpose
after 81 least ten days written notice in
the p0stodice, prepaid, addressed to each
si0ckh0lder at his usual place of re-
sidence, and in case of dissolution. three
commissioners shall be elected ut 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
operation 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 pnr-
pose, after ton days notice, az above
stipulated.
Said commissioners shall remain in Of
dee until the affairs of said corporation
shall have been fully liquidated. In case
Of the death or disability of any ono of
said commissioners, the survivor or SUR
vivOrs shall appoint successor to him. |
Thus done and passed In my notarial |
office at Franklin, a. aforesaid, the day, |
month and year first above written, in |
he presence of J. Wood Chadwick and |
2. J. Ostheimer. both of lawful age, re.
'iding in said town, who hereunt0 sign
heir names with said appearers andsme, !
lotary. sfter due reading Of these
presents.
The iDterlineation on the 3Oth line of
lAsccond page was made at the time of
signing OF these presents and was
Imy approved before the signing of these
PRESENTS.
(Signed):
!. T. Snberbielle 49,. Is Shares
!. !. Suborbielic. ........... is Shares
!. daJan ...-.. .......... Is Shares
.0rteos q. burke. 2 Shares
entrees =. smith,. -. l Share
n i