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

divided into one thousand 10000 shares
100 (SlO0.00) Dollars each, which stock
shall be paid for in cash as called for by
the Board of Directors of said company,
or may be issued at not less than par in
payment Of property actually received or
purchased by said corporation, or the
same may be issued, fully raid, for labor
done or money advanced to said corpora
ton. No transfer of stock shall he re-
cognized or be binding upon the COM
pany unless made pursuant to its bylaws
and recorded upon the books Of the COM
pany.
This corporation shall commence do
ing business as soon as Six Thousand and
no-1OO (36OOO. .OO) Dollars of the capital
stock shall have been subscribed for.
ARTICLE V.
All the powers of this corporation and
the management and control of its affairs
shall be vested in and exercised by a
Board of three Directors, composed of
stockholders, q majority of whom shall
constitute quorum, and majority of
said quorum shall be sufficient to trans
act business, and their decisions shall be
valid corporate acts.
Any of the Directors shall have the
right to appoint another stockholder as
his proxy to attend any and all meetings
of said Board of Directors.
They shall elect from their number a
president, e-president, secretary
and treasurer. The following named
persons shall constitute the first Board of
Directors: ]. p. Suberbielle, A. J. Su-
berbielle and Emile Gajan, with ]. P.
Suberbielle, as President; Emile Gajan,
as Vice. President; and A. j. Suberbielle,
as Secretary Treasurer. They shall hold
Office until the second Monday of May,
A. D. 1909, or until their successors
shall have been duly elected.
No person shall be eligible as director
or officer who is not q stOckoOlder of this
company.
The Board of Directors shall elect
its officers and shall appoint such agents
and managers as 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 business 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, COR
poresl or incorporeal, whenever in their
judgment they may deem such aots neces-
sary and proper, and to make all con-
tracts and agreements necessary 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. President.
ARTICLE vi:
On the Second 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 o |
notice published twice in ten days in |
one of the weekly newspapers published
In the Parish of st. Mary, State of Louis
lana, and also after written or printed
copy of said notice in the post-ofiicet
prepaid, addressed to each stockholde,
ut his usual place of residence at leasr
len 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 COM
missioner or commissioners to attend.
;he President shall, by appointment, fill
;he vacancy.
At every election and meeting each
shall be entitled to one vote
'0r each share of stock registered in his
,ame. and may vote by proxy.
The election of directors shall be byI
ballot, and the majority in amount of
7otes cast, each share of stock voted up.
m to be counted for one vote, shall elect
he person or persons for whom they
rave been cast.
Any failure from any cause whatever
O elect directors the day named for that
purpose shall not dissolve the corpora
ion, but the directors then in Office, as
veil as the officers of said company, shall ,
old over until their successors are
hosen, and any vacancy occurring on
he board of directors from any cause
hall be filled by the remaining directors.
ARTICLE VII.
No st0ckh0lder of this corporation
hall ever be held liable or responsible
or the contracts or faults thereof, in any ,
urthcr sum than the unpaid balance due
be company on the shares of stock sub
cribed for or owned by him, nor shall
ny mere informality in organization
ave the effect of rendering this charter
ull, or of exposing the stockholder to
ny liability beyond the unpaid balance,
any, Of his stock.
ARTICLE VIII.
This act of incorporation may be modi- ,
I'd, changed, abridged or amended or
i'd corporation may be dissolved by al
ote of fthree.fourthsof of the stock ct gem
al meeting held for that purpose aftera at
ast ten days written notice in the post
ice, prepaid, addressed to each stock 7
older at his usual place of residence,
I'd in case Of dissolution, three commits :
oners shall be elected at said meeting
? said stockholders, and said conmis-