The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-11-25

| business as soon as its entire capltal stock
shall have been subscribed for.
ARTICLE "
| The corporate powers of this company
shall be vested in and exercised by a
| ,;oarl of Three Directors, consisting OF
HE President, the Secretary and the
Treasurer, who shall all BIO stockholders.
| Three OF said board shall constitute a quo
rum for the transaction OF business, and
| their decisions shall be valid corporate
| acts
The following persons shall constitute
| he first BoarI Of Directors; namely D. n.
| "oster. Il. j. Dauterive and &. j. Sigur,
and until the time hereinafter stated the
| following persons shall be the officers Of
his company, namely d. N. Foster, Presi-
| dent, II. J. Dauteri,e, Treasurer, and
| CASTOR J. Sigur. Secretary.
| Said Board Of Directors and said officers
SHALL continue in office until the 2nd of
| January 1912, on which date aud annually
| thereafter. Board Of Directors, a Presi
| lent, Treasurer and a Secretary shall
| be elected at meeting of the stockholders
! held for that purpose, aud for general
| purpose, unless said date should be holt
/ day, when the election shall be held on the
next legal day thereafter.
Notice Of such election shall be given by
| ut least ten days written notice to each
| stakeholder by the secretary; and the
B )ard Of Directors shall appoint one or
more stock holders to preside at such cleo
| ton as commissioners. In the event OF the
| failure OF any commissioner or cOmmls
sioners to attend. the president shall by
| appointment till the vacancy. Any failure
| from any cause whatever to elect directors
| and officers on the day named for that pur-
pose shall not dissolve the corporation ;but
| the directors and officers then in office
shall hold over until their successors are
| choSen:~ In such event the president shall
| cause another election to be held within
! thirty days, and shall give notice thereof
| as hereinbefore prescribed.
Al every election and meeting each
stakeholder shall be entitled to one vote
| for each share Of stock registered in his
| name, and may vote by proxy.
The election OF directors and OF officers
shall be by ballot, each director and each
officer being voted for separately, and the
majority in amount Of votes cast leach
shs re OF stock voted to be counted as one
vote) shall elect the person or persons for
whom they have been cast
ARTICLE V.
The Board Of Directors shall have full
power 10 ill vacancies in their number
caused by death resignation or otherwise,
from among the stockholders Of the cor
poration.
The SAID board Shall have full control of
the property OF this company, and shall 50
4
their discretion they deem fit, and as is
consistent with the objects of this company
aud the welfare Of the same.
The said board is further authorized to
irame and adopt such by>laws, rules and
regulations As The affairs and business of
the corporation may require; provided the
same do not conflict with this charter, or
With the laws.
In sad board may elect or appoint
such agents, employees ADD clerks a, it may
deem necessary tor the con !uctlng Of the
business OF the company, fix their COM
pen-ltlpn. term OF service, an with the
right to dismiss them at said boards pleas
ure; and SAID board shall have the right
TO fix and determine the salaries Of the Of
icers herein provided for.
This charter may be changed. modified
or amended, the capital stock increased or
decreased, or this corporation may be dis
solved at general or special meeting of
the stockholders convened for that pur-
pose, with the assent of a m jority in
amount of the entire capital stock whether
present or represented at such meeting.
Such meeting If the stockholders shall be
called by the president AZ any time upon
che written request Of any chholler,
and ten d tys PRIOR notice OF such meeting
snail be gwen lii wiring to each stock
holder.
In case # the dissolution or termination
It's charter. or from any other Cause the
llquIdatlta Vi IL, affair, shat b con luctel
by thre1 commissioners selected from the
stockhoiuar- vita Ike >sent, ami at Il
ineetIl.- called ~ IA II purpose, As above
set iof;n IN tn, article.
-ald commissioners shall remain in Of
flee until the affairs OF said corporation
SHAH have been IHtly iiquliatad. In case
OF tht death OF onc or more of said con-
ntsaioners the survivor or Survivors shall
cOutlnue 10 Ect.
ARTICLE VII.
No stocibolder of this corporation snail |
evsr be ned IlSbic or Responsible [ II tha |
Contracts ~ Ttal taereoI IL any iurthe |
sum thad tue unpaid dance due tie 60 n
tJauy on me shares OF STOCK Subscribed for |
or owned by man; nor hail any inform |
atty "a organization nave the effect OF |
rendering TINS charter nan, or OF expos |
t5 stock loticf - any liability beyond |
the unpaid balance, If ANY. of his STOCK.
A..II LIE VIII.
1t is agreed by aud between the said in.
that these articles OF lncorpor-
alton shall also serge AS a stock SubScrip-
ton list, anu the said appeurers do by
these presents subscribe for the number
Of shares of stock lii this corporation set |
opposite their names, the same to be Of |
the par value OF One Hundred Dollars,
each, ana issued III accordance with the
provisions of this charter.
Thus done aud passed at my Office in the
Town Of Franklin, La, on this 3Jlh day of
September, 1911, in the presence Of Jos.
Ii. Mayer and Charles fecot competent
who sign with the appeargrs and
ne, Notary, after due rea ling of the
whole.
D. n. Foster. Shares |
i. }. Dauterleve.... ..........I2 Shares
1aStOn j. Sigur ...................10 Shares