The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-12-30
ARTfCT.E y

The Boarl Of Directors shall have full
power 10 ill vacancies in their number
caused wv iaath, resignation or otherwise,
from am ,ng the stockholders. and such
appnntpe shall have the office made
vacant by such death, resignation or other
wise.
The said board shall have full control Of
the property of this company, and shall so
conduct, manage and e the same As In
their discretion they deem tit, and as Is
consistent with the objects OF this company
or the welfare of the same.
The said board Is further authorised TO
frame and adopt such bylaws, rules and
regulations is the Affairs and business OF
the corporation may require; ana - l!
management thereof; provided the same
shall not conflict with this charter, or with
the laws.
The said board shall elect or appoint
such agents, employees servants and clerks
as it may deem necessary for conductlng
the business OF the corporation, NIX their
compensation. term of service, with the
right to dismiss them ct their pleasure ;
and the said board shall have the right to
fix and determine the salaries of the sev-
eral officers herein provide for, but such
action, in the last mentioned case, must
be unanimous.
ARTICLE vi.
This charter may be changed. modified
or amended, the capital stock incr eased or
decreased, or this corporation may be dis
Il solved at q general meeting Of the stock
holders convened for the purpose, with
the assent of three.fOurths Of the out
standing capital stock, whether present or
represented at such meeting.
Ten days prior notice Of such meeting
shall be given to each stakeholder in
writing.
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 ba 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 been fully liQuidated. In case
OF the death of one or more OF said COM
missloners the 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 ia 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 III OTSdulz6tlOu uSVc INC cAcCl Vi
rendering this charter null, or Of expos.
ing a stocknolder TO any liability beyond
the unpaid balance, il any. OF his stock.
1t il further agreed that this act Of incor-
pOratiOn shall serve as . stock subscription
list, and that the signers hereto do hereby
subscribe for the number of shares of
capital stock set opposite their respective
names,
Thus done and passed at my Office in the
Town of Franklin. La, on this End day Of
December, A. D., 1911, in the presence Of
James K. Parkerson and Mrs. .Iary RO-
nero, competent Witnesses, who hereuntO
sign their names together with said APP
bearers and me, Notary, after due read
ing of the whole.
(Signed:)
Oiger KOnero'ss's. ''ss's........4l Snares
GuWln hyiess ssssss.s..Zl S0arcS
Lilly Trace Romero, ...... .........1 Share
Witnesses:
Mrs. Mary Romero,
=. Jas. r. farkersOn.
C. j. BoATNER,
Notary Public.