The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-06-10

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increase the capital stock or to alter or
amend the charter or dissolve the corpora i.
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, Vice 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. H .
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 IN 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 stakeholder or mailed to him at
| his last known postoffice address.
ARTICLE TX.
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 tbs re-
naming stockholders, aud shall not be
permitted to Soil same to any person not
already 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, and give the
Secretary ten days within wnicn to as
said stock at the price offered; and ii he
does. he snail have the right tp purchase
to the exclusion of a stranger.
All stock shall have printed ON its face:
transferred to persons not originally
charter members Of sal company only
upon conditions named in Article . OF the
charter of the company"
ARTICLE x.
No stakeholder of this corporation shall
ever be held liable for any OF the indeDt-
edness, Contracts Or faults thereof in anv
further sum than the unpai balance, due
the corporation on the shares owned by
him; nor snail any mere lnfornaiity in
the organization have the effect OF rem
dering this charter null or exposing
shareholder to any liability whatever.
ARTICLE XI.
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 and all assets and prop.
erty, real, personal or mixed. of this cor
pOratiOn, and to convey full and complete
title thereto and to do and perform any
and all acts essential and prop.r to full
and complete liquidation Of the affairs of
this corporation, and to distribute the
proceeds, If any, as herein provided. In
the event of the death, inability or resig-
nation OF any one or more or SAID Conn
miSslOners, the survivor or survivors shall
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 q subscription list, the
undersigned organizers of this Corpora
tion have respectfully subscribed for the
stock therein in the number OF shares and
amounts respectively set opposite tueir
signature hereto.
thus done anu passed at my Office in the
Town Of r rankin, Parish vi sc. Mary,
State Of LOUISIANA, in the presence Of W.
+. Chase anu Il. Emmet U'NleIl, cOmpe-
tent witnesses, who haYe hereunLO sigued
their names with SAID appearers, and Inc,
said Notary, on the day and date afore-
SAID.
5. IL. KELLEY 1UU Shares
i. IL. AELLEY, per ). II. Kelley 70 oh ires
u. l.. KELLEY, per 5. Il. Kelley 20 onares
JOHN u. BELL l.U Shares
W. ID. HAAS, per J. ID. Bel III Shares
LEBoUhGEOIS a. BUSH, per j.
u. Bell ~ shares
MISSES l.. & l. j. ROBERTSON,
per +. + Robertson Ii Shares
W. A. OQUINN IO shares
j. ). UNDERWOOD Shares
+. +. ROBERTSON Snares
Witnesses:
W. +. CHASE,
Il. EMMET U'NIELL,
PERCY SAINT, NOta.y ruullc.