The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-12-09

mixed: to n me ana appoint ia in ''..-.
directors, agents, man. ers Or np!o4 -
as the interest or convenience OF sad cor
poratlon mav require: t. make and estab-
Ilsh bylaws, rules and regulations for the
Dr., per management and regulation Of It's
affairs As may lie deemed necessary
and proper, and The same to change
and alter a pleasure; an. - 10 all "tlicl
acjs and things permitted py law, or as
sL Ill or may be necessary ana proper 10
| ca ~ out the object, and purpose "i ,ia
co poration.
said 20. poravIon, unteo> sooner dlSaolF-
ed in ac.orda zee with it, charter, small
exl = 4 co niue for period of nlntty>
n. g y.ars from ane. alter the date hereof.
ARTICLE III.
i. G objects and purposes for which this
corpoi ton is organized, and tie nature
of he business to be carried un by II. IRE
dec 4red to be the following, to Wa:
IOelea e in the general oy ster and tish
business III the State Of LouiSan luciui-
| ing he acquiring of rights for Ii mag anl
dredging oysters ami pre2ar ing the same
for market in any form; to take fish IN
any of the waters OF this state and prepare
the same for market.
TO own and operate oyster dredges,
oys,er luggers and any and all boats
necessary for the conduct of the business
| o. tie corporation.
70 own and operate caDnerles for the
pr par ZION Oh an auu all lOOu pTOuuCts
| of this site for market.
TO own and operate ice manufacturing
and refrigeration plant, and plants for the
pi rparation Of drinks o. uyn-alcohsiIc
nature.
To own and operate general mercan
tile an supply store or stores.
ARTICLE Ill.
The capitol stock of the said corporation
shall be divided into and represented by
of he. ~
Hundred Dollars each, which said 81 .sk
shall be paid for in cash IL the time Vi
subscription, or the same may be issued at
A., { less than par, i'll payment or exchange
for pl Operty or rights actually received or
purchased by said corporation, or the same
! may be issued full paid, for money adj
va iced, and for such other valuable con-
siderations or services as the boar II
directors OF said corporation may ~
mine, provided, that no stock shs u 80 is
5 ed until the consideration ther jur has
been received by the said corpor ;ou.
my stakeholder may sell sign or
transfer his stock in this corpo.a. .pn, pro-
7 .ded thirty days prior motto u such in
tie .tion to sell, assign or trAn .e.' the same
DE given the company, aud the other
stockholders thereof shall have the first
p vilege Of purchasing the same, after
which thirty days notice the said stock
ma, he sold in the open market.
ira, ie"red under the above conditions;
p ovi' ed such transfer thereof be made on
tic ookS OF sad co npany at its office IN
an.ilin, La, and on the surrender OF the
G, licate t..erefOr. No transfer OF any
csionai part of a share shall be made.
his corporation shall commence doing
b ness as soon AS one half Of the capital
S, TX shall have been subscrI bed for. Ile
Bu d of Directors shall have the right to
d. ermne how and when all stock not
he Elm subscribed for shall be issued; pro-
v.led that the same shall never be sold or
issued for less than its par value.
ARTICLE ~
The corpora ue powers of this company
s,4~ll be vested IL anu exercised toy a
Board Of Three biz .ctors, consisting OF
tie President I'd General Manager zone
ofice), the Vice.President and the Sec
It ,ary>Treasr 'er, Zone Ottice), who shall
be stockholders. Three of said board shall
constitute a quorum for the tranSactlUn OF
bus ness, and their decisions shall be va lid
coipo ate acts.
The following persons shall be the OF
fcers of this corporation, and constitute
It's board of directors until their Successors
snail have been elected:
ULCER Romero, President and General
Manager, Edwin Kyle, Vlce-Preside at,
AID Lily Grace Romero, Secretary Treas
u.er.
No person shall be eligible as director
C officer of n 5 corporation who Is not
stakeholder of this company.
During the absence Of the president, the
r.ce-presldent shall act and preside.
SAID officers and said board shall con-
I nue in Oh ce until the second Monday III
larry, 1918, on which date ard there
-er. lnually on . e same day of each
year, I'm ess the same should be d legal
Holiday, when the same shall be held on
the next day, an election shall be held bv
stockholders fo-' the purpose OF elect
officers who shall constitute the Board
OF Di eclors.
Notice of such election shall be given by
at least ten days written notice 10 each
siockholder, to be given by the President
a I'd &c re al Manager and sent out by
tue e. etary- Treasurer; and the Board
Oh Dir; ctors shall appoint one or more
stockholders to preside at such election
as commissioners. In the event OF the
allure of any commissioner or commits
sioners to attend, the president shall by
appointment till the vIeancy. Any failure
from any cause " bur ever to elect officers
on the cay named for that purpose shall
/ OF dissolve TIE corporation; but the
o flcers then in office shall continue To
act =, such as well as q board Of director,
until their successors are chosen. In such
event If any stakeholder may demand OF
tie same in writing, the president shalt
ca another election to be held within
thirty d Us, and shall give notice Of the
same as hereinbefore provided
Az every election and meeting each ]
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 bal !
lot, and the majority III amount of votes
cast leach shait Of stock 70, d upon 10 lee !
counted for one vote) shall 6 ect the person
or persons for whom they have been cast.
ARTICLE V.
The Board OF Directors shall have full
power 10 IN vacancies in their number |