The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-05-13

in advance OF the meeting except notice to
increase the capital stock or to alter or
amend the charter or dissolve the corpora.
tiOn-which said notices shall be given for
full thirty days in writing and by publica-
ton in weekly paper published in the
Town Of Franklin.
The offices Of this corporation shall con-
sist of President, Vlce-President, a
Secretary and Treasurer. The office of
Secretary and Treasurer may. if desired,
be held by one and the same person. I'm.
til the election to be held on the first Mon
day, in February, 1912, the following
named persons shall constitute the first
Board Of Directors, towit: 5. IL. Kelley,
John D. Bell, w. A. O'Quinn, F. f. Rob-
ertson, Percy Saint; with the first officers
as follows: John d. Bell, President; s. II i.
Kelley, Vice-President; f. E. 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) III amount Of the stock present or re>
presented at any general or special meet>
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 stockholder or mailed to him at
his last known postottice 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
tiOn.
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 a stOckhOlder until he has first
rendered the stock to the Secretary of this
company for the benefit of any stockhOl-
der who may desire to buy, aud give the
Secretary ten days within which to as
certain whether any stockhOlder desires
said stock at the price offered; and if he
does, he shall nave the right tu purchase
to the exclusion of a stranger.
All stock shall have printed on its face !:
"Transferred to persons not originally
charter members Of sail company only
upon conditions named in Article of the
charter of the company"
ARTICLE x.
No stockh0lder of this corporation shall
ever be held liable for any OF the indeDt-
edness, contracts or faults thereof in anv
further sum than the unpaid balance, due
the corporation on the shares owned Dy
him; nor shall any mere lnformaiily in
the organization have the effect OF rem
dering this charter null or exposing Il
shareholder to any liability whatever.
ARTICLE X[.
At the expiration Of this charter, or the
earlier dissolution of this corporation, its
affairs shall be liquidated by three cons
missioners. all of whom shall hold stock
in said company, and said commissioners
are hereby vested with full power and au-
thOrity to sell any aud all assets and prop
erty, real, personal or mixed. OF this cor
poration, and to convey full and complete
title thereto and to do aud perform any
and all acts essential and prop.r to IA full
and complete liquidation of the affairs OF
this corporation, and to distribute the
proceeds, if any, rs herein provided. In
the event of the death, inability. or resig-
nation or any one or more or SAID cons
misslOners, the survivor or survivors snail
continue to act and be likewise vested
with all power and authority as herein
mentioned.
so that this charter may serve also the
purpose of and as subscription list, the
Undersigned organizers of this corpora
| tion have respectfully subscribed Ior lno
stock therein Ia the numUer vi shares and
amounts respectively set opposite tneIr
signature hereto.
ihus done anu passed at my Office in the
Town Of Franklin, Parish oI ST. Mary,
state of Louisiana, III the presence OF W.
E. Chase auu Il. Emmet U'Nleil, cOmpe-
tent witnesses, who haYe hereuntO sigued
LuelT uaIucS Will Sdlu dppedT0Is, anu Lut,
said Notary, on the day and date afore-
SAID.
5. II. KELLEY lOJ Shares
/. ~. nELLEY, per 5. ID. n elley % Shares
ID. l.. KELLEY, per 5. IL. Kelley 70 shares
JOHN u. BELL 1IU Shares
W. -. HAAS, per j. ID. Bel 5u onares
LEBoUKGEOIs Il BUSH, per j.
y. Bell lO shares
MISSES l.. & |. j. ROBERTSON,
per +. T. Robertson Ii Shares
W. A. OQUINN ~ shares
j. 5. UNDERWOOD Shares
+. Il. ROBERTSON onares
Witnesses:
W. +. CHASE,
IL. EMMET U'NIELL.
PERCY SAINT, Notary Public.