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

thirty days, aud shall give notice thereof
as hereInbefore prescribed.
| AT every election and meeting each
stockholder shall be entitled to one vote
for each share Of stock registered IN his
name, and may vote by proxy.
| The election of directors aUl of officers
shall be by ballot, each director and each
officer being voted for separately, and the
| majority IN amount of votes cast teach
| share of stock voted to he counted as one
vote) shall elect the person or person, for
whom they have been cast.
| ARTICLE V.
| The Board OF Directors shall have fun
power to I'LL vacancies in their number
| ca Used by death, resignation or otherwise.
from among the stockholders of the COZ
pOratlOn.
| The said board shall have full control of
| the property OF this company, and shall so
conduct, manage and u,e the same AS in
| Their discretion they deem tit, and AS is
| consistent with the objects of this company
and the welfare of the same
| The said board is further authorized to
| frame 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.
The said board may elect or appoint
such agents, employees and clerks a. it may
| deem necessary for the conducting of the
b lsinesS of the company, fix their com
| pensatlOn, term OF service, an with the
right to dismiss them at said boards pleas
| ure; and SAID board shall have the right
to lix and determine the salaries of the Of
ticers fereln provided for.
Ihis charter may be changed. modified
or amended, the capital stock increased or
dec eased, or this corporation may be dis
solved ut general OF special meeting of
the stockholders convened for that pur-
pose, With the assent of 4 M ijority 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 ut any time upon
the written request of any stakeholder.
| and ten d.ys prior notice of such meeting
shall be given Ill 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 a
meeting called for that purpose, as above
set forth in this article.
Said commissioners shall remain in Of
| flee until the affairs of said corporation
shall have Deen fully liquid led. In case
| of the Ceath OF one or more of isa COM
msslOners TIE survivor or survivors shall
continue to act.
ARTICLE VII.
No stakeholder of this corporation shall
ever be held lisbie 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 sub 'cribed for
or owned by him; nor shall any infOrm-
ality in organization have the effect of
rendering this charter null, or of expos.
lug a stockholder to any liability beyond
the unpaid balance, if 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 subscrip.
ton list, and the said appearers do by
these presents subscribe for the number
opposite their names, the same to be of
each, and issued in accordance with the
provisions of this charter.
Thus done and passed at my office in the
Town of Franklin, La, on this 3Oth day of
September, 1911, in the presence of Jos.
II. Mayer and Charles PecOt competent
witnesses who sign with the appearers and
me, Notary, after due reading of the
whole.
d. n. Foster. .....................Y IA Shares
II. j. DauterleVe....... ..........l2 Shares
CASTOR }. SlSur.. r...................lO Shares
Witnesses:
Charles PecOt.
j. Ii. Mayer
G. J. BOATNER,
Notary Public.