The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-11-14

l A. y. SuDcfh.eile. as Nlcc-ffeSluent; y
p. Suberbielle. as 'ecretary, and Ventress
J. Smith, as Treasurer. They shall hold
,tfice until the first Monday of May. A.
D. 1909. or until their successors shall
have been duly elected.
No person shall. be eligible as director
nr officer who is not a stakeholder OF
this company.
The Board of Directors shall elect its
officers and shall appoint such agents
and managers AS may he necessary, ana
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, 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 ana
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 Of sale, purchase, lease or
other contracts shall be signed by the
Pr, sident, or in case Of his absence or
inability to act by the Vice President.
ARTICLE VI.
On the fi,s, Monday of May Of each
year beginning with the year 1909, there
shall he meeting of the stockholders to
elect directors for the ensuing year,
which meeting Shall be called after a
notice published twice in ten days i'll one
of the wet ky newspapers publishedint 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-otiice, prepaid addressed TO
each stakeholder at his usual place of
residence ct least ten days before the
Board Of Directors shall appoint one or
more stockholders to preside at such
election as commissioners. In the event
Of the failure of sny 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.
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 tecn cast.
Amy 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 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 fnror 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
DR. said corporation may be dissolved by
! vote Of three-fourths of the stock at
general meeting held for that purpose
after at least ten days written notice in
he pOstoffice, prepaid. addressed to each
'tockholder ut his usual place of re-
'idence, and in case of dissolution, three
shall be elected at said
Meeting by said stockholders. and said
shall wind up and settle
he affairs of this corporation.
Al the termination Of this act of ill.,
:OfpOl alton either by Limitation of its
harter or from any cause, the business
nd affairs Of this corporation shall like
wise be wound UP aud settled by three
elected By the stock
'olders at a meeting called for that pur-
'ose, after ten days notice, as above
tipulated.
Said commissioners shall remain in Of
ice Until the affairs OF said corporation
ball have been fully liquidated. In case
+ the death or disability of any one of
aid commissioners, the survivor or sul~
ivOrs shall appoint successor to him.
Thus done and passed in my notarial :
flee at Franklin, as aforesaid, the day, !,
lOnth aud year first above written, in !,
he presence of J. Wood Chadwick and !
!. j. Ostheimer. both of lawful age. re- :
ding in said town, who hereunto sign :
,eir names with said appear.rs and:me.
otary. after due reading of these !.
resents.
The interiineation on the Both line of :.
he second page was made at the time of :,
lie signing of these presents and was y
aly approved before the signing of these =
resents.
(Signed): =
+. Snberbtelle. $50. Is Shares :,
j. Suberbielle. .....l Is Shares
daJan :......... Is Shares .
Drteus q. Burke. Shares h
ehtfess !. SmiIh..... -. Share :.
per p. r. Burke, a a
r. Borah. ........... Z Shares -
illnesses:
J. Wood Chadwick. !"
V. ]. Ostheimer. ~
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