The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-12-02


AiTI ,.4E "
The corporate powers of this company
shall be vested In and exercised by a
Board of Three Directors, consisting OF
iln President, the secretary and the
Treasurer, VINO shall all he stockholders.
Three Of said board shall constitute quo
rum for the transaction OF business, aud
their decisions snail be valid corporate
acts.
The following persons shall constitute
The first Board of Directors; namely D. n.
t'OSter, Il. j. Dauts:rive and Il. j. Slgur,
and until the time hereinafter stated the
following persons shall DE the officers Of
tais company, namely d. N. Foster. Presi
dent, IL. }. Dauterive, Treasurer, and
CASTOR j. Sigur, Secretary.
Said Board of Directors ami said officers
shall continue in office until the 2nd Of
January 1912, on which date and annually
thereafter, Board Of Directors, Presi-
dent, Treasurer and Secretary shah
be elected at Il meeting OF the stockholders
held for that purpose, and Tor general
purpose, unless said date should be a holi-
day, when the election shall be held on the
next legal day thereafter.
Notice of such election shall be gwen by
at least ten days written notice to each
stockholder by the secretary; and the
Board Of Directors shall appoint one or
| more stock holders to preside at suth cleo
allure of any commissioner or commits
slouers to attend, the president shall by
appointment I'LL 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
small be 10y ballot, each director and each
| officer being voted for separately, and the
iJorlty IN amount Of votes cast each
Sht re oi stock voIad to be counted a. one
Yute) shall elect the person or persons for
whom they have been cast.
ARTICLE V.
The Board OF Directors shall have full
power to fill vacancies in their number
caused by death. resignation or otherwise,
from among the stockholders Of the cor
poratipn.
The SAID board shall have full control of
the property Of this company, and shall 50
conduct, manage and use the same as in
their discretion they deem fit, and as is
consistent with the objects Of this company
and the welfare of the same.
The said board is further authorized to
frame ana adopt such bylaws, rules and
regulations IS the affairs and business of
the corporation may require; provided the
same do not conflict with this charter, or
with the laws.
The lid board may elect or appoint
such agents, employees and clerks as it NAV
deem necessary for the con iucting OF the
ht of no
pensatlon, term of service, an with the
right to dismiss them at said boards pleas
ure; aud SAID board shall have the right
to nix and determine the salaries OF the Of
ficers herein provided for.
This charter may be- changed. modified
or amended, the capital stock incr "a sed or
decreased, or this corporation may be dis |
solved a. a genera! or special meeting of
the stockholders convened for that par
pose, with the assent of Il IN jority in
amount OF the eutlfe capital stock, whether |
present or represented AT Sucd meeting |
Such meeting III the stockholders shall be |
called by the president at any tune upon
the wrltteh request Of any stncNhoider, |
mi ten days PRIOR notice Of Sucl meeting |
shall De ,iTtn IN VII ing to eacn SOCK |
holder.
IN case ii the dissolution or Termination |
i Lhis corpJratl)n. eiiJef oy limitation Oh |
lis charter, or frc.n any other ciu,,, the |
ll4uiIati5l or ltS affairs sAaii d. con lucL1i |
Ut tDrCe commissioners seiecteu from the |
,tocklDt,ler, villa Ike assent, ana al Il |
neetlu:- called / u IN ii purpose, As aoove |
set form III tnia article.
~aIu Conlini >5iJuGfS shall remain In Of |
ice uhttl the Affairs uI SAID corporiti1u |
snail nave been iu!ty iIIui lated In case |
u the 4 -ith OF one pr .uUle Of >llI CO IA
nt,,lonGrs the survivor Or 5IrvIyocs snail |
90 ltluJe 10 act.
ARTICLE II.
No otocs holder Of TINS corporation snlll |
ev9r be ted ilSDtt Or r->,oAoiDIt for tar |
Contracts %. fiuI thereof ii an, further !
sum tlau the dnpaii . lance duo the GO "A |
ijany Oh me shares Of sToc.> Subscribe for |
Or owned oy hiai; nor snaI any moran
altty IA of5 inZ i.Ioa hJVt lh3 effect of |
re Iuerlns TINS charter nui, u OF expos |
iIS aIDchuoiIcr - ANY iaDll.cy D-yoad |
The unpaid ulltnce, ii LIy, OF III, stock.
All LIZ VIII.
1t is agreed by and between the said in
That these articles OF IncDrpor-
alton shall also serve as stock suuscrip.
ton list, ami the said appearers do Dy |
these presents subscribe for the number
of shares OF stock IN this corporation set
opposite their names, the same To De OF |
the par value vi one Hundred Dollars,
each, anu issued III accordance vita the |
provisions Oh tnl, charter.
mus uUtlG anu passed At ,4y once IN the
Town Of franklin. la, on this 3).h day Of
september, ivl., in the presence Of JOS.
IL. Mayer aud Charles .'<cot 90 npetent
,Wno sign Witt ino appedrers and
me, Noeary, AfVer duo rea bag OF Inc
whole.
ID. \. Eos ief ...... shares
Il. j Dauterlevo....... ..........l2 shares
CASTOR j sigu ...................lO Shares
Witnesses:
Charles i'ecut