The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1910-12-31
.cessary and proper In Its Judgment for the

D. 80: IL a. III LtNc tue IAil power anu
authority to row or loan money, to eX-
ecute or receive mortgages and liens, to
| issue bonds, notes and other obligations,
to create servitudes, and generally to do
| all things reasonable, convenient ard ne
cessary for the proper carrying on OF the
business Of the corporation. Every Dl-
rector in case of his absence from tn" Par.
ish Of st. Mary, or the State Of Louisiana,
shall have the power and auth GRITTY to
appoint in writing a stakeholder, or any
member of the Board of Directors OF the
company as his proxy ~ sit ia his lieu and
stead at all meetings Of the Board OF d.
rectOrs, aud to represent Elm at Sucn
meetings, as fully as though he himself
we're present. such Written proxies must
be filed with the Secretary OF the Com:
pany.
Upon the written request Of stockholders
owning at least one-thrd of the stock of
the Company, the President shall be re-
ouired to call special meeting of the
stockholders hereof. Notice of such
special meeting shall be given both by
publication in weekly newspaper pubs
Iished i'll the Town of Morgan City, Parish
of ST. Mary, of such proposed meeting for
a period Of four weeks, and by written
notice mailed by the Secretary to each
stockhoider at his last known address
at least ten days prior to such meeting.
ARTICLE vi.
Whenever this corporation may be dis
solved, either by limitation or from any
other cause, its affairs shall be llquidated
by three commissioners to be appointed
from among the stockholders at a general
meeting OF the stockholders convened for
such purpose of which meeting notice shall
be given in the manner and time provided
for by article seven Of this charter, and a
majority in amount of the capital stock Of
said company represented at such meeting
shall be requisite to elect. said commits
siOners shall remain in office until the az
fairs OF the said corporation shall hive been
fully liquidated. In case OF death of one
or more of said commissioners, the
vacancy shall be filled by election Of the
surviving commissioners.
ARTICLE VII.
This act of corporation may be modified,
changed or altered, or said corporation
NAV be dissolved with the assent OF two
thirds of the capital stock represented at a
general meeting Of the stOckhOl Aers con-
vened Tor such purpose and after notice
/ shall have been given in one or more
newspapers published in the Town Of Nor.
| 0an Civ, Parish of st. Mary, once a week
FOR four weeks preceding the meeting, and
| nv written notice to each stakeholder.
| mailed to him thirty days prior to the date
| of meeting at the post office address de-
| signated BY him in writing. ANY changes
L
capitaI stock shall be made in accordance
| Mlth the laws of the State Of Louisiana on
| the subject O. altering the capital stock OF
corporations.
| No stakeholder shall ever be liable for
contructs or faults Of said corporation in
any uIther sum than the unpaid balance
due the corporation ON theIshares of stock
owned by him, nor shall any more inform
1 ifu Of rr nj
charter null or expose any stakeholder to
any liability beyond the unpaid amount
| remaining due on his stock.
| Article TX.
| E. q. Fharr, John a. Pharr, Earl 5.
| Barnett, Robert E. Milling, Warren B.
Reed, :. Is. Hewes, Chas. A. Denis. Maui
| rice h. Norman, and DIR. e. 5. Hewes
have been chosen and selected as the first
| Board Of Directors of this corporation,
| with z A. Pharr, as PRESIDENT, robert h.
| Milling, as Vice President, and Maurice
| &. NOlmald, as Treasurer, to serve as
such u,.tll the first Alonday In January,
1912. or until their successors shall have
been elected aud qualified.
The subscribers thereto have respect
fully writer their namss the amount OF
stock II this corporation subscribed fol
BY eacl. OF tneln, SO that this act OF incor>
poration may also serve as the original
| suuscr ptiol list of said corporation.
Thu, done and passed at Morgan City
in the Parish of st. Mary. state OF Louis
sence Of Messrs. VI. Knobloch and Frank
Waugh n, two competent witnesses OF
| lawful age. who hereunto sign theIl
Games Nth aid appearers and me, Notary
on the day ana date aforesaid, after due
readino Of the whole.
T.. A PhaJr, three thousand dollars, &c
| shares
dred dollars 61 shares.
X. r.. Ml.iing, five hundred dollars, j
| shares.
| Ii. B, Hev es. two thousand dollars, 20
shares.
warren B. Reed, i've thousand dollars.
| 80 sha.es.
b. p3rien, one Thousand dollars, 10
shares
| q. u Hewes, three thousand five hun
dred dollars, 81 shares.
| E. L Gurley, per Z. G. Hewes, three
thousa dollars, 30 shares.
| A. ID. Denis, per q. Il. HeWes, three
thousa i dollars, 30 shares.
Cha >. .jennis, three thousand dollars.
| 80 shai e..
NJ. r. Norman, five hundred dollars,
| shares.
Ii. ; ttarr, per +. A. Pharr, three
| Thousand dollars, ~ shares.
j. A -hacr. per +. A. Phrrr, three
Thousand dollars, 80 sQares.
S. Darnett, one thousand dollars, IL
shares
H. S Childs, per Z. A. Pharr, five hun
bred dollars, 3 shares.
Ed. Yeggenton, five hundred dollars,
share
We 9. storm, one thousand dollaIs,
10 she. rs.
}. q Sussey, two thousand dollars, 20
shares.
j. L.. Slal. per Il. E. Milling, one thou
sand DE- liars ~ shares.
Il. p .'larx, per w. B. Reed, two thou
81 nd d. lars, ~ shares.
Witnesses:
vi. NNOBLOCH,
FRANK VAUGHAN.
L. c. MILLING, Notary Public.
EIrla