The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-04-29

| increase the capital stock or to alter or
| amend the charter or dissolve the corpora
tion-which said notices shall be given for
| full thirty days in writing and by publica-
ton in a weekly paper published in the
Town Of Franklin.
ARTICLE VII.
The offices OF this corporation shall con-
sist of President, a Vice President, a
Secretary and Treasurer. The office of
Secretary and Treasurer may, if desired :,
be held by one aud the same person. I'm.
til the election to be held on the first Nom
day, in February, 1912, the following
named persons shall constitute the first
Board of Directors, towit: 5. IL. Kelley,
John d. Bell, w. A. O'Quinn, F. f. Rob
ertson, Percy Saint; with the first officers
as follows: Johu d. Bell, President; 5. H .
Kelley. Vice President; +. E. Robertson,
Secretary treasurer.
ARTICLE VIII.
This charter may be amended, modified
or altered, or the corporation may be dis.
solved with the assent of ree-fourths
(3.4) In amount OF the stock present or re-
presented at any general or special meet>
ing of the stockholders held for sucn per-
pose after thirty days prior notice in
writing and in print shall have been given
to each stakeholder or mailed to him at
his last known postotfice address.
ARTICLE IN.
All transfers OF stock of this corporation
must be made on the surrender of the
certificate of stock and by or under the
direction OF the Secretary OF this corpora
ton.
Amy stockholder desiring to sell his
stock shall first offer the same to the re-
naming stockholders, and shall! not be
permitted to sell same to any person not
already stakeholder until ne has first
rendered the stock to the secretary of this
company for the benefit of any stockhol-
der who may desire to buy, and give the
Secretary ten days within which to As.
certain whether any stock desires
said stock at the price offered; and If he
does, he shall have the right to purchase
to the exclusion of a stranger.
All stock shall have printed on its fuce
transferred to persons not originally
charter members OF sal company only
upon conditions named in Article 8 of the
charter of the company"
ARTICLE X.
No stOckholder of this corporation shall
ever be held liable for any of the indeDt-
edness, contracts or faults thereof in anv
further sum than the unpaiI balance, due
the corporation on the shares owned oy
him; nor shall any mere Informaiity in
the organization have the effect OF rem
dering this charter null or exposing
shareholder to any liability whatever.
ARTICLE XI.
earlier dissolution of this corporation, its
affairs shall be liquidated by three cons
missiOners. all of whom shall hold stock
in said company, and said commissioners
are hereby vested with full power and au.
thOrity to sell any and all assets and prop
erty, real, personal or mixed. OF Inls cor
poratiOn, and to convey full and complete
title thereto and to do aud perform any
and all acts essential and proper to fuIl
and complete liquidation OF the affairs of
this corporation, and to distribute the
proceeds, II any, as herein provided. In
the event Of the death, inability or resig-
nation or any one or more OF SAID CONS
mlsslOners, the survivor or survivors shall
continue to act and be likewise vested
with all power and authority as herein
mentioned.
so that this charter may serve also the
purpose of and AS subscription list, the
Undersigned 0rganlzerS OF this CORPORA
tlon have respectfully subscribed tur Tue
stock therein In the number OF shares and
amounts respectively SET opposite tueir
signature hereto.
bus done anu passed at my office in the
Town Of Franklin, Parish Of ST. Mary,
state OF LOUISIANA, In the presence of W.
+. Chase anu Il. Emmet U'NleiI, cOmpe.
tent witnesses, who haye hereunto signed
their names with SAID appearers, ana me,
said Notary, on the day aud date afure-
said.
). IL. KELLEY 100 Shares
L. L.. AELLEY, per 5. II. Kelley 70 Share,
ID. l.. KELLEY, per 5. Il. Kelley 20 shares
JOHN u. BELL 1.U onares
W u. HAAS, per y. u. Bel ~ Shares
LEBoUKGE0IS d BUSH, per j.
ID. Bell Shares
MISSES l.. & l. j. ROBERTSON,
per +. = Robertson 13 Shares
W. A. O'QUINN IU Shares
j. >. UNDERWOOD D Shares
r. h. ROBERTSON Shares
Witnesses:
W. +. CHASE,
Ii. EMMETT O'NIELL,
PERCY SAINT, NOta4y Public.