The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1910-02-05
for each share Of stock registered in his

for each share Of stock registered in his
name, and may vote by proxy.
No stock holder can withdraw from the
corporation or sell his stock to an outsider
unless he first offer his stock to the corpor-
alton, and to do this, thirty days notice
must be given to the Secretary Treasurer,
20 that he can notify ihe stockholders to
that effect in writing.
The election of Directors shall be by
ballot, and the majority in amount of
votes cast, each share of stock voted upon
10 be counted as one vote, shall elect the
person or persons for whom they have
been cast.
ANY failure from any cause whenever to
elect directors the day named for that
purpose, shall not dissolve the corpora.
ton. but the directors then in Office shall
hold over until their successors are chosen ;
and any vacancy occurring on the Board
Of Directors, from any cause. shall be I'LL
ed by the remaing directors.
ARTICLE VII.
No stock holder 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 COM
pany on the shares of stock subscribed for
or owned by him, nor shall any mere in
,ormality in organization, have the effect
of rendering this charter null or Of expos
ing the stockholders to any liability
beyond the unpaid balance, if any, on bis
stock.
ARTICLE VIII.
This Charter may be modified. changed,
abridged or amended, or said corporation
may be dissolved by vote of three -fourths
t3>4) Of the stock present or represented at
the general meeting called for that pur-
pose, after at least thirty (3o) days written
notice, deposited in the post. office, ad>
dressed to each stock holder, at his usual
place Of residence; and in case of dissOlu-
ton three 90 commissioners shall be elect
ut said meeting by said stock hOlders, and
said commissioners shall wind up and settle
the affairs OF this corporation, and do and
perform any and all acts, necessary to a
full and complete liquidation Of the affairs
OF this corporation.
At the terminal on of this act of incor-
poration, either by limitation of its charter,
or from any cause, the business and affairs
of this corporation shall likewise be wound
up and settled by three (3) commissioners.
elected by the stock holders, ut meeting
called for that purpose, after thirty (3O)
da, notice, as above stipulated.
Said commissioners shall remain in office
until The affairs of said corporation shall
have been fully liquidated. In case OF the
death or disability of any one OF said com
missiOners, the survivor or survivors shall
appoint successor to him.
So that this Charter may serve also the
purposes of and as a subscription list, the
Undersigned organizers of this corporation
have respectively subscribed for stock
therein in the number of shares and
amounts respectively set opposite their
signatures hereSo.
Thus done and passed at my Office in the
town of Franklin, Parish of st. Mary.
State Of Louisiana, on the day and date
first above written in presence of Charles
+. Kramer and kernion V. Pickett, two
competent witnesses, who have signed
these presents with said appearers and me.
said Notary, after due reading.