The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-05-27

| III auN duCe ol tuc meelluS tAccpl nOtlcc 10
increase the capital stock or to alter or
amend the charter or dissolve the corpora
tion-whch said notices shall be given for
full thirty days in writing and by publca-
ton in weekly paper published in the
Town of Franklin.
ARTICLE VII.
The offices OF this corporation shall con
sist of President, Il Vice President, a
Secretary and Treasurer. The Office of
Secretary and Treasurer may, if desired
be held by one and the same person. Tn.
til the election to be held on the first Mon :
day, in February, 1912, the following
named persons shall constitute the irsl
Board of Directors, towit: ). IL. Kelley,
John d. Bell. w. A. O'Quinn, f. f. Rob
ertson, Percy Saint; with the first officer,
as follows: John ID. Bell, President; 5. II
Kelley. Vice-President; +. 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 stockholder or mailed to him at
his last known postOtfice 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 :
ton.
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 stakeholder until he has first
rendered the stock to the secretary of this
company for the benefit of any stockhol-
der who may desire to bay, and give the
Secretary ten days within which to as
certain whether any stOckhOluer desires
said stock ut the price offered; and If he
does. he shall nave the right 70 purchase
to the exclusion Of stranger.
Ali 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 stockholder of this corporation shall
ever be held liable for any of the indeDt-
edneSS, contracts or faults thereof in any
further sum than the unpaii balance, due
the corporation on the shares owned 10y
him; nor shall any mere lnfOrnality in
the organization have the effect of rem
dering this charter null or exposing u
shareholder to any liability whatever.
ARTICLE N.
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 tnis cor
pOratiOn, aud to convey full and complete
title thereto and to do and perform any
and all acts essential and proper to Il tuli
and complete liquidation OF the affalrs 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 OF said com-
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 a subscription list, the
| undersigned organizers of this corpora
| ton have respectfully subscribed Ior IA,
| stock therein In the uumDer OF shares and
| amounts respectively set opposite tneIl
| signature hereto.
thus done anu passed at my Office in the
Town of Franklin, Parish vi 81. Mary
State Of Louisiana, III Tie presence OF w
E. Chase auu II. Emmet U'NieI, compe.
| tent witnesses, who haYe nereunto slgued
their names with said appearers, and me
said Notary, on the day and date afore.
| said.
| 5. IL. KELLEY LOO Shares
| l.. l.. AELLEY, per 5. IL. Kelley % Shares
| u. l.. KELLEY, per 5. IL. Kelley 70 Shares
| JOHN u. BELL 1.U SHARES
W. u. HAAS, per j. ID. Bel ~ shares
LEBoUhGEOIS Il BUSH, per j.
ID. Bell lO Share,
MISSES l.. & l. j. ROBERTSON,
per +. Z Robertson Ii Share!
W. A. O'QUINN lU Share:
j. 5. UNDERWOOD D Share.
+. T.. ROBERTSON D share!
Witnesses:
| W. +. CHASE,
| IL. EMMETT O'NIELL.
PERCY SAINT, Notary Public.