The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-11-04
shalt have been subscribed for p''a' stock
ARTICLEJV

! ~A 'Nc'NilUeu LOT.
ARTICLEIy,
Inc corporate powers of this
snail be Vested in and exercise 1d9nPany
30, boarq OF ihrse Directors, consis,;,oo!
Tr.osnror $1,000 ,..h me Secretary and III u
Three OF said board shall const;tn,n nolders.
rum Tor the transaction of husiuosa quo.
their decisions shall be valid cn1r and
acts. corporate
The following persons shall con,.,.
the first Board of Directors: n,n SSJ1nstltute
Foster. h. J. Dauteriye and &. y. n.
ana untll the time hereinafter stats Sgur,
following persons shall be the otS ;eu The
this company name b. n. Foster 30
Gent, IL. ). Dauterive, Treasure. resl.
CASTOR }. Sigur, Secretary. aud
Said Board Of Directors and s,is
shall continue in office until tbo Ooincefs
January 19l2, on which date and -no OF
thereafter, Board of Directors aunually
dent, Treasurer and a Secrato. Tresl.
be elected at meeting of the ,toctyI ,saaall
heid LOT mat purpose, and for osnt,
p"rpose, unless said date should he eIheIai
day, when the election shall he ba,S nolI.
next legal day thereafter. 'u % the
Notice OF such election shall ho
at least ten days written notice sven oy
stockholder by the secretary. W each
Board OF Directors shall AMMAN, "uu Inc
more stockholders to pres de At snct que Or
ton as commissioners. In the evan, siec'
failure OF any commissioner ar n" VI tne
sloners to attend. the president sb Ms'
appointment MI the vacancy. Any f.;,,oy
from any cause whatever TO cleo, dira.,ua.0ss
anu oihcers on the day named for that n".
pose shall not dissolve the cornnrs.;np ur,
the directors and officers than ~ put
shall hold over until their succassn ~ once
CHOSEN Ia such event the pre,idant ere
cause another election to be held w; HIan
thirty days, and shall give notlra %lsul1
as hereinbefore prescribed. '"ereof
A, every election aud meeti,o
stockholder shall be entitled to ons eaca
Tor each snare OF stock registered in Ivy H;9
name, and may vote by proxy. III MS
| The election OF directors and ~ oa
shall be by ballot, each director anS 1mcers
officer being voted for separately snd each
majority IN amount of votes cast ~ uo tne
share OF stock voted to be Counted soscn
vote) shall elect the person or person. v sa
whom they have been cast. ''ou' lor
ARTICLE v,
The Board Of Directors shall b.r
power TO I'LL vacancies in their Null iuu
| caused by death, resignation or other.,;"os
from among the stockholders of ths .s'
poration. Ao eor'
The SAID board shall have full con,,..
the property OF this company, and sh.ii y.
conduct, manage and use the snma q. \; ~
their discretion they deem fit. md &C. :.
consistent with the objects OF this comns,.
aud the welfare of the same.
The said board is further autbor;,aa..
frame and adopt such by>laws. ruIes arS
regulations As the affairs and bnsinss. "n ~
Inc corporation may require; provided thu
same do not conflict with this charter. ~
with the laws. VI
The sid board may elect or appoint
such agents, employees and clerks a, itm.r
deem necessary for the conducting of IA
business Of the company, fix their com
pensation, term of service, an with tbe
right to dismiss them at said boards Dleas.
ure; "a SAID board shall have the RIGHT
10 Tx and determine the salaries of the ~.
hcers herein provided for.
This charter may be changed, modified
or amended, the capital stock increased or
decreased, or this corporation may be dis.
solved az general or special meeting Of
pose, with the assent of a m lioritv IN
amount OF the entire capital stock, whether
present or represented at such meeting.
Such meeting of the stockholders shall ha
called by the president at any time upon
the written request of any stockhoIder.
and ten days prior notice of such meeting
shall be given in writing to each stock.
holder.
In case of the dissolution or termination
II this corporation, either by limitation Of
It's charter, or from any other cause the
liquidation OF its affairs shall be conducted
by three commissioners selected from the
StOckh )luers with like assent, and At
meetinr called for that purpose, as above
set fOrth i'll this article.
said commissioners shall remain in Of.
flee uutll the affairs of said corporation
shall have been fully liquldated. In case
Of the death of one or more of said com.
lnlssloners the survivor or survivors shalt
continue to act.
ARTICLE VII.
No stakeholder of this corporation shall
ever be ned llsbie or responsible for the
contracts or faults thereof in any further
sum thau the unpaid balance due the com.
,anv on the shares Of STOCK subscribed for
Dr owned by MN; nor shall any inform.
iiIty lii organization have the effect OF
'enderng thl, charter null, or of expos.
ig stakeholder TO any liability beyond
he unpaid balance, if aay. of his stock.
AKIICLE VIII.
1t is agreed by and between the said in.
.orpOratOr, that these articles of incOrpOr.
.tion shall also serve as a stock subscrip.
ion list, and the said appearers do BY
hese presents subscribe for the number
II shares or STOCK In this corporation set
opposite their names, the same to be Of
he par value OF one Hundred Dollars,
ZACH, and issued in accordance with the
provisions OF this charter.
thus done and passed at my Office in the
'Own of Franklin, La, on this Both day Of
1911, in the presence Of Jos.
|. Mayer and Charles fecOt competent
vitnesse> who sign with the appearers and
ne, Notary, after due reading Of the
shule.
}. n. Foster. Shares
[. }. Dauterleve ..........l2 Sharel
iaston j. Sigur. ..................l0 Shares
illnesses:
Charles PecOt.
j. Ii. Mayer
C., j. BOATNER,