The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-10-21
business ns11 e as soon a: its entire capita, 49,,
shalt have been subscribed for. '"' stock
ARTICLE

ARTICLFIV.
Inc corporate power, of this cou.
shalt be vested in and exerciso .S9mpany
Board of Three Directors. con aeo bya
the President, the Secretarn Of
Treasurer. who shall! ,ali be stocr and the
Three OF said board shall constitr. uoldeh.
rum for the transaction of husinss quo.
- If decisions shall be valid n loss, and
acts. eorporae
The following persons shall co,...
the first Board or Ult.c,,f, .TuStltute
Foster, Il. }. Dauterive and q D.N.
and until the tine hereinafter st,,. ss'gur, ;
following persons shalt be the ot,;et the
this company, namely D. n. Foster Of a.,
dent, H. 81 >. pauteriye, Treasurer 'ss;
Said Board of Directors and .,;a
shall continue In office until tho Oacess
January 1912, on which date and ~nd Of
thereafter, Board OF Directors annually
dent. Treasurer and a Secrs,.r resi. ?
be elected at a meeting Of the stochi. snail
held Tor that purpose, and for ~s"n
purpose, unless said date should ha se1eral
day, when the election shall he ha,d noli'
next legal day thereafter, "''o Oh the
Notice OF such election shall be p,v..
at least ten days written notice sven BY
stakeholder by the secretary: ~ ~ each
Board OF Directors shall appoint ou ms
more stockholders to preside at such u -, Or
ton as commissioners. In the event os ,sc'
failure OF any commissioner or con. 'ae
slohefs TO attend. the president shall ~
appointment fill the vacancy. Az ~. Dy
from any cause whatever to elect a, .sllurs
and officers on the day named for tha. .ctofs
pose shall not dissolve the cornors,;" p9r.
the directors and officers than 3. ;0ut
shall hold over until their succes.o,, 0mce
chosen. In such event the president sls
cause another election to be held v; :a.i
thirty days, and shall give notice . nnanla
| as herelnbe prescribed. '"eFeol
A, every election and meetin, 49,,
stockholder shall be entitled to ons v Us
Tor each share OF stock registered in 'I S;s
! name, and may vote by proxy. ~ u"
Inc election OF directors and Of oa..
shall be by ballot, each director and ss!s
ofhcer being voted for separately, and ~, ,Sa
n iOrity in amount OF votes csst ~ tne
share OF stock voted to be Counted as v az.
vo .e) shall elect the person or persons v .a
| whom they have been cast. .' 'oF
ARTICLE V,
The Board Of Directors shall h.v. D.,
power to I'LL vaca cies in their nnr Lum
| ca sed by death. .esIgrat or otber-s"oat
from among the stockholders of the cos,
poration. VAC 'oss
The said board shall have full con.,o, a.
| the property OF this company, and ahaIi ~
| conduct, manage and use the same =. y
| their discretion they deem fit. and !. !.
consistent with the objects Of this comnsnv
| and the welfare of the same.
The said board is further authorized IA
frame and adopt such by-laws, rules and
regulations as the affairs and busines, ~
the corporation may require; provided the
do iot NIT ~, 4
with the laws. "
The said board may elect or aupoiu<
such agents, employees and clerks A. e NAV
deem necessary for the conducting Of TIA
business OF the company, fix their com.
pensation, term of service, ami with the
re- hit to dismiss them at said boards pleaA-
ure; and said board shall have the right
to fix and determine the salaries of the Of.
ticers herein provided for.
This charter may be changed, modified
or amer ded, the capital stock increased or
decreased, or this corporation imay be dis.
solved at general or special meeting Of
the stockholders convened for that pur.
pose, with the assent Of a majority in
an cunt OF the entire capital stock, whether
present or represented at such meeting.
Such meeting Of the stockholders shall be
called by the president at any time upon
the written request Of any stockholder
and ten days prior notice of such meeting
shall be given in writing to each stock.
holder.
In case Of the dissolution or termination
Of this corporation, either by Limitation Of
it's charter, or from any other cause the
liquidation of its affairs shall be conducted
by three commissioners selected from tho
stockholders with like assent, and at
meeting called for that purpose, as above
set TO til in this article.
Said commissioners shall remain tn Of.
flee until the affairs of said corporation
shall have been fully liquidated. In case
of the death of one or more Of Isaid com.
mssloners the survivor or survivors shall
continue to act.
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 com.
PAW 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.
lug a stakeholder to any liability beyond
the unpaid balance, il any. OF his stock.
ARTICLE VIII.
1t is agreed by and between the said In.
corporatOrs that these articles Of incorpor'
alton shall also serve as stock subscfip.
ton list, and the said appexrers do BY
these presents subscribe for the number
of shares of stock in this corporation Get
opposite their names, the same to be Of
the par value of One Hundred Dollars,
each, and issued in accordance with the
provisions of this charter.
Thus done and pr sse1 at my office In the
Town Of Franklin, La, on this Both day Of
September, 1911, in the presence OF Jos.
H. Mayer and Charles Pecot competea!
witnesses, who sign with the appearers 80
me, Notary, after due reading OF the
whole.
ID. n. Foster. Snsles
H. j. Dauterieve.......e... .....H SnaEes
CASTOR j. Sigur.. .."...........'W Sna'"
Witnesses:
Charles PecOt.