The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-12-23
ARTICLE Y.

The Board of Directors shall have full
power to fill vacancies In their mum be
caused BY death. resignation or otherwise,
from among the stockholders, and such
| apprentice shall have the Office made
vacant b. such death, resignation or other
| wise.
The said board shall have full control Of
the property of this company, and Oh I'll 30
conduct, mana &c and NE the same as In
their discretion they deem fit, and as is
| conIisten. Wit, the Objects OF this com lJAny
or the we'far. # the same.
| The SAID LG4yd is further author lIed TO
fraue and suopt such Dy-!nIVs, rules and
regul, Il ms ~ tie affairs and business OF
| the cO1pora'ipn may requires; and as 1t
NAV deem necessary for The conduct and
management thereof; provided the same
shall not conflict with this charter, or with
the laws.
The said board shall elect or appoint
such agents, employees servants and clerks
as it may deem necessary for conducting
the business Of the corporation, fix their
compensation, term of service, with the
right to dismiss them at their pleasure;
aud the said board shall have the right TO
| fix and determine the salaries OF the sew
eral officers herein provide for, but such
action, in the last mentioned case, must
! be unanimous.
| ARTICLE vi.
| This charter may be changed. modified
or amended, the capital stock increased or
decreased, or this corporation may be dis
| solved at a general meeting of the stock.
the assent Of three f0urths Of the out
standing capital stock, whether present or
| represented at such meeting.
Ten days prior notice OF such meeting
shall be given to each stakeholder in
writing.
In case Of the dissolution or termination
| OF this corporation, either by limitation of
| its charter, or from any other cause the
| liquidation of its affairs shall be conducted
| by three commissioners selected from the
stockholders with like assent, and at a
meeting called for that purpose, as above
set forth in this article.
Said commissioners shall remain in Of
| flee until the affairs of said corporation
shall have been fully liquidated. In case
! Of the death of one or more of said com
lnisSloners the survivor or survivors shall
continue to act.
A ARTICLE VII.
No stakeholder of this corporation shall
ever be held lisble or responsible for the
contracts or faults thereof in any further
sum than the unpaid balance due the CO n
pany on the shares of stock subscribed for
or owned by him; nor shall any inform
atty in organization have the effect of
rendering this charter null, or of expos.
ing stockholder to any liability beyond
the unpaid balance, if any. of his stock
1t is further agreed that this act OF incor-
poration shall serve as stock subscription
list, and that the signers hereto do hereby
subscribe for the number of shares of
capital stock set opposite their respective
names,
Thus done and passed at my office in the
Town OF franklin, La, on this 2nd day OF
December, A. d., 1911, in the presence Of
James X. Parkerson and Irs. Mary Ro-
nero, competent witnesses, who hereunte
sign their names together with said ap-
bearers and me-, Notary, after due read
ing of the whole.
(Signed:)
Oisel hONef0...ss. ............. Al Shares
EuWln Ayle... s..s...s............2l Shares
Lilly Grace Romero, ...... .......1 Share
Witnesses:
Mrs. Mary Romero.
JAS. Il. farkersOn.
e. j. BoATNER,
Notary Public.