The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1910-04-16

rectors from any cause shall be filled by the
| remaining Directors. A majority of said Boar
~ Directors shall constitute a quorum for the
transaction aud management OF all business of
SAID corporation They shall make such by
laws rules and regulations as they NAV think
proper tor the transaction of the business and
AFFAIRS OF said corporation, and change alter
ana AMEND the same at pleasure appoint and
Tx the salaries OF all officers, Jerks and EN-
ployees not herein mentioned, the same To
change and dismiss at pleasure fix the salaries
OF the ofhcerS provided for herein, to take ju-
dicla proceedings in the name and on behalf of
this corporation to SELL convey, mortgage,
pledge, lease and purchase property. movable
lmmOvabe aud PERSONAL borrow or lend M oney
issue notes and bonds make contracts and sign
or caused to be signed by officers dire, .ors
specially or generally authorized by the Board
OF Directors all necessary acts, deeds, etc, and
- do al thlng5 which may be necessary to be
done III the management OF said business or
may be permitted by the laws applicable to
corporations.
ARTICLE VII
No stakeholder shall be allowed to dispose of
his stock without first giving in writing to the
Board Of Directors days notice of each in
tended transfer and allowing said Board or
on its default, any stakeholder, the first op por
tunity of purchasing said stock at the hi IN est
bona tide bid made therefor by an intend ing
purchaser.
ARTICLE VIII.
This act of incorporation miy be changed
modified or altered or said cyrppr.,tlon NAV be
dissolved Win ttlt ctuStnJ OF tND-Gnlruj the
amount of stock present or represented at any
general meetin. OF the stockholders OF said cor
poration, convened tor that purpose, after thirty
days previous notice shall have been given in
tue manner provided tor III Article vi.
ARTICLE TX
Whenever this corporation is dissolved, either
by limitation or from other cause, its affairs
snail be lquidated under the supervision of
three stockholders, to be chosen for that pur-
pose by majority Of i'll the amount of stock
present or represented at general meeting of
the Stockholders. Said commissioners shall re.
main in office until the affairs of this orporation
shall nave been fully liquidated. LII case of the
death OF one of said commissioners or OF the
refusal or inability of one of them to act the
survivors shall continue to act and shall select
another stakeholder in the place and stead of
the commissioner who shall have ceased to
act.
ARTICLE Y.
The President may, in his discretion and
shall, upon the written request OF Two stock
holders, call special meeting OF the stock
holders OF this corporation.
ARTICLE NJ.
No stock holder shall ever be liable or respon
sible TOR the contracts or faults of this corpora
ton in any further sum than the unpaid Dal.
ance due TO the company on the shares owned or
subscribed for by him; nor SHAH any intormality
in organization have the effect OF rendering TINS
Charter null, or OF exposing The stockholders to
any liability beyond the amount OF STOCK SUB
scrlbed for by him.
Thus done and passed at my office in the Town
of Franklin, Parish and State aforesaid, on the
day, month and year first above written, in the
presence OF Messrs. A. q. A Hen and Frank A
BOudreaux two competent witnesses, who have
hereuntO signed their names Ith the appearers
and me, Notary. after due reading OF the whole.
Originally Signed)
N. Il. HUTH, 81 Shares
JOE HAMILTON ~ Shares
II. b. LAWS ID Shares
IL. Z. MOORE ) Shares
Witnesses
A. L. ALLEN
+. A. BOUDREAUX
IL. Il. ALLEN, Notary Public.