The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-05-20

| 10
increase the capital stock or to alter or
amend the charter or dissolve the corpora
tlon-whlch said notices shall be given for
full thirty days in writing and by publca
tlon in weekly paper published in the
Town of Franklin.
ARTICLE VII.
The offices OF this corporation shall con
| slst OF President, Vice President, a
Secretary and Treasurer. The office of
Secretary and Treasurer may, if desired
| be held by one aud the same person. Tn
| TIL the election to be held on the first Mon
day, in February, 1872, the following
named persons shall constitute the rsj
Board of Directors, towit: 5. Ii. Kelley.
John ID. Bell, w. A. O'Quinn, f. f.. Rob
ertson, Percy Saint; with the first officer,
as follows: Johu d. Bell, President; 5. II .
Kelley, Vice-President; +. K. Robertson
Secretary treasurer.
ARTICLE VIII.
This charter may be amended, modified
or altered, or the corporation may be dis
solved with the assent of three -fourths
(3-4) In amount of the stock present or re.
presented at any general or special meets
ing OF the stockholders held for such 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.
ANY 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 he has first
rendered the stock to the secretary of this
a ha ,,f
der who may desire to buy, and give the
Secretary ten days within whicn to as.
certain whether any stOckhOlder desires
SAID stock at the price offered; and If he
does. he snall have the right TO purchase
to the exclusion of a stranger.
All stock shall have printed on its face
"Iransferred 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 iudebt-
edness, contracts or faults thereof in any
further sum than the unpaid balance, due
the corporation on the shares owned py
MIN; nor shall any mere lnformaiity in
the organization have the effect of rem
dering this charter null or exposing Il
shareholder to any liability whatever.
ARTICLE XI.
AT the expiration of thl. charter, or the
carrier dissolution OF this corporation, It's
affairs shall be liquidated by three com,
mlssloners. ali Of whom shall hold stock
IN sald company, and said cOmmi siOners |
are hereby vested with full power and au.
thority to sell any aud all assets and prop.
erty, real, personal or mixed ot tuIs cor
poratl0n, and to convey full and complete
title thereto and to d. and perform an,
and all acts essential and proper tu a full |
and complete liquidation of TIE affairs of |
this corporation, and to distribute the |
proceeds, II any, as herein provided. In |
the event of the death, inability or resiy.
nation or any one or more OI SAID CONS
the survivor or survivors shall
continue to act anu be likewise vested |
with all power and authority as herein
so that this chatter may serve also the
purpose of and as subscription list, the
organizers of TN, CORPORA
[lon have respectfully subscribed Iyr tue
stock therein Ill the uumUer OF shares and
amounts respectively set opposite tuelr
signature hereto.
nus done anu passed at my Office in the
Town OF franklin, Parish ut st. Mary.
state oI Louisiana, In the presence OF W.
4. Chase ana X. Emmet U'NlelI, cOmpe.
,ent witnesses, who haYe hereunLO sigued
.helr names with said appearers, and me,
said Notary, on the day and date afore-
said.
,. Ii. hELLEf 10U shares
L. IL. hELLEY, per 5. II. Kelley % Share,
l.. KELLEY, per 5. II. Kelley 20 shares
'ohN ~. DELL l.U ouares
". ID. HAAS, per j. ID. Bel ~ shares
AE BOURGEOIS Il BUSH, per d.
, ". Del 10 Shares
MISSES l.. e. l. j. ROBERTsoN,
per r. + kobertson IL Shares
". A. O'QJINN 10 shares
!. .. ONDEHWOOD Shares
:. +. ROBERTSON 3 snare,
Witnesses
W. +. CHASE,
Il. EMMETT OlNIELL
iEKCY SAINT, N0ta.y Puulic.