The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-10-28
business 81, as soon as its entire capita, ...,
shalt have been subscribed for. '"' stock
ARTICIFIv

i AoI.
ARTICLEIy.
Inc corporate powers OF this cor,n.
I pnud DC rested rested IN and exercised b.!
~ poa'I %. "a inlee directors, CONSISTING !.
Treasurer, who shall Fail DO stocl ana the
Three OF said board shall copstitn,a o'oers
| rum Tor the transaction OF husins.s quo.
their decisions shall be valid corr and
acts. corporate
| Inc following persons shall con,s.,.
the first Board of Directors: namsi n'Imtute
Foster. II. }. Dauteriye and G, y. n.
ana until the time hereinafter ,t,t.S d's1r,
| following persons shall be the ott;c..,' ae
| this company, namely D. N. Foster 30
Gent, H. g =. Dauterise, Treasurer. al. .na
Said Board Of Directors and ..,ds
| shall continue in office Until ths Ssucen
January 1912, on which date and an -"u OF
| thereafter, Board Of Directors. . Ipa .y
dent, treasurer and a Sscr,tarv Isl,
be elected at lnee Ing Of the stocL bo, .laA
| held Tor that purpose, aud for 0sn..N,
purpose, unless said date should hoe sIeIal
day, when the election shall be held ~ ne en
next legal day thereafter. '0 W Inc
| Notice OF such election shall be u,v.,,
at least ten days written notice 10 "
| stockholuer by the secretary: and ~, IN
| " Va IN e'loie shaii appoint one n,
more stocAroiuers TO preside at such els..
| tiOn as commissioners. la the event os.n
| failure OF any commissioner or con suo
| sloners to attend, the president sb.iI ~
appointment I'LL the vacancy. Anv W
| from any cause whatever to elect di.."urs
| ard officers on the day named for tha o "
pose shall not dissolve the c0rnor.t;"p 9r'
the directors and officers them ~ Sut
| shall hold over until their successor. ace
chosen. In such event the president .sH M
| cause another election to be held WIN. Ian
thirty days, and shall give notice ths. a.a
as hereinbefOre p escribed. '"'feol
| AZ every election and meeting ....
/ stakeholder shall be entitled to nns o.cn
| for each share Of stock registered Io1
name, and may vote by proxy. ~ nls
The election OF directors and of om.
shall be by ballot. each director and 4 ..Is
| officer being voted for sep rately. and '. .c
| majority in amount of woes cast ~ ~. tne
| share OF stock voted to be Counted =. .'sca
vote) shall elect the person or person. v nao
whom they ave en- cast. '' 'os
ARTICLE V.
The Board OF Directors shall h.v. o.,
power to fill vacancies in their nnr Lu,l
caused by death, resignation or othe,v;"oas
from among the stockholders of tha cov'
pOratiOn. SoE'
| ca ooa.u SHAH nave 1ull control NJ
| the prop 9rty OF this company. and .h.ii y.
| conduct, manage and use the SANE =. =; ~
their discretion they deem fit. and !. !.
consistent with the objects of this com nav.
and the welf.re Of the sane,
The said DO I'D Is further authorized IN
frame and adopt such bylaws. ruIes ana
regulations as the Affairs and busines. ~
the corporation may require; provided ths
same do not conflict with this charter =.
with the laws. "a
The said board may elect or appoint
such agents, employees and clerks a. # NAV
deem necessary for the conducting OF the
business OF the company, fix their com.
pensation. term Of service, AMI with tha
right to dismiss them at said boards nlsss.
ure; and said board shall have the r,eht
to fix and determine the salaries of the Of.
ticers herein provided for.
This charter may be changed. modified
or amerded, the capital stock increased or
decree sed, or this corporation lmay be dis.
solved at general or special meeting Of
tire stockholders convened for that pur.
pose, with the assent Of a majority In
amount 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 stockh0lder,
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
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
NEE ling called for that purpose, as above
set forth in this article.
u III
flee until the affairs of said corporation
shall have been fully liquidated. In case
of the death of one or more of lsaid com.
missioLers 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.
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.
Jug a stakeholder to any liability beyond
the unpaid balance, il any. of his stock.
ARTICLE VIII.
1t is agreed by and between the said 10.
that these articles of inc0rpor.
alton shall also serve as a stock subscrip.
ton list, and the said appearers do by
these presents subscribe for the number
of shares of stock in this corporation set
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 passed at my office In tho
Town of Franklin, La, on this Both day OF
September, 1911, in the presence Of Jos.
RI. MAYER and Charles PecOt competent
who sign with the appearers and
me, Notary, after due reading of the
whole.
D. N. Foster. .............."....A Shares
II. j. Dauterieve.......).. .......2 Shares
CASTOR j. Sigur.. ...,...........slO SHARES
Witnesses:
Charles Pecot.
j. II. Mayer
C. J. BoATEER,
Notary Public.