The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-03-07
G HI A R II e n
'The Franklin Company
UNITED STATES OF AMERICA,
STATE )F LOUISIANA,
pApTcrY ON Sr M.rxr

PARISH OF ST. MARY.
BE it known that on this 10Th day of the
month OF January in the year of Our Lord one
thousand, nine hundred and fourteen, before
me, William Prescott Foster, a Notary Public
duly commissioned and qualified in and for
the Parish OF st. Mary: State of Louisiana
Aforesaid, therein residing, and in the pres.
ence OF the witnesses hereinafter named and
undersigned, personally came and appeared the
several persons whose names are hereunto
subscribed, who declared. that availing them
selves Of the laws of the State of Louisiana in
such cases made and provi vided, and particular
lyof provisions OF Act No 70 of the Acts of the
General Assembly Of the State of Louisiana,
for the year 1904 they have covenanted and
agreed, and do by these presents covenant and
agree and bind themselves as we'll as all such
persons as may hereafter become associated
polite for the objects and purposes and under
the articles and stipulations as follows, to-
wit:
r,. mama sf tn,a ARTICLE aGrnoL.Eda l. .,u 10 .rn :,
FRANKLIN COMPANY" and under its said
corporate name, it shall have power and autho.
rity to have and enjoy corporate existence
and succession for the full term of ninety nine
years from and after the date hereof; to con.
tract, sue and be sued; to make and use a
corporate seal. and the same to alter and
break at pleasure; to hold, receive, lease, pur.
chase and convey, as we'll as mortgage and hy-
pothecate property, real personal and mixed,
corporeal and incOrpOreal; to name and appoint
such managers, agents, directors and officers
as its business interests and convenience may
require, and to make and establish, as well as
alter and amend from time to time, such by.
laws, rules and regulations, for the proper
government of the affairs of said corporation
as may be necessary and proper.
ARTICLE H.
The domicile of this said corporation shall be
in the Town of Franklin, Parish of st. Mary,
State of Louisiana, and all citations or other
dent of said corporation, or in the event of his
absence. upon the Vice President thereof, and
in the absence of both Of said officers, ppon the
Secretary of the corporation: ~
ARTICLE III.
The objects and purposes of this corporation
are hereby declared TO be to buy and Sell real
estate, lands and teI, onlen.s whether high low,
swamp, overf1owed OF marsh; to purchase, re-
claim, develop and improve lands to loan and
borrow money on la',us, real estate and tene.
ments, and to mortgage and hypOthecate
same; and to issue bonds, notes or other evi.
dences of Indebtedness; to farm and cultivate
lands, either for itself or for others ana to en-
gage in agricultural pursuits generally; to buy
and sell agricultural products; to Craze lands,
and to buy and sell cattle, horses sheep and
other animals for such purposes t0 own and
operate warehouses granaries and sugar re-
fneries, and own and operate in connection
Herewith commiSsarles. and carry on a gener-
al mercantile business both retail and whole.
sale; to construct own, opeyAto and maintain
canals, bridges, ferries, roads, toll roads, toll
gates, railroads. tram roads. and to dispose of
same at its pleasure; to build and maintain
l0Vc0S anu CdnAiS, duu 10 COuSLTuCG ana mann
tain drainage and irrigating plants for itself
and for hire, and establish servitudes on lands
drained or irrigated by such plants in favor of
such plants; to buy and sell real estate neces
above described purposes, and to do any and all
things necessary for and incidental to the
carrying out of the above described purposes s.
ARTICLE ",
The capital stock of said corporation is here
by fixed at Fifty Thousand $780, ,000] Dollars,
divided into and represented by five hundred
shares OF stock OF the amount OF one hundred
1890, ool dollars per share each; Said stock
such amounts and after such notice to the sub
scribers as may be fixed by the Board of
Directors; or the same may be issued at not
less than par tor received by
come q going concern and be authorized to do
business as soon as Three Thousand ($3, ,000]
Dollars of its capital stock shall have been
subscribed for.
All the powers of the said corporation shall
be vested in and exercised by Board OF Direc-
tors to be composed of not less than three nor
more than seven stockholders to be elected
annually on the First Monday in February of
each year, except the first Board appointed in
this charter, who shall hold their office until
the first Monday in February, 1915. The stock.
holders, before proceeding to elect a board OF
directors at each annual meeting. shall tx the
number 9hereof within the limits above pres
cribed, majority of whom shan constitute q
ballot and conducted at the Office Of said cor:
poration under the supervision OF three com
missioners to be appointed by the Board OF
Directors. Notice of such election shall be
publication for not less than ten days. nor more
than fifteen days prior thereto, in newspaper
published in the Town of Franklin, Parish Of
St, Mary, Louisiana. At all such elections ahd
holder shall be entitled to one vote for eacl
share OF stock standing in his name on the
books of the company to be cast IN person OF
by his written proxy. anda majority OF vote.
among the Directors by death, resignation OF
otherwise, shall be filled BY election for the
remainder of the term BY the remaining Direc
tors. Failure to elect Directors upon the dat'
above specified shall not dissolve the corpora
ton nor impair its corporate management
hut the directors then in Office shall remain il
Office until their successors % are elected lee % ant
| from among their number President, Vice
| President and Treasurer (elther the Presiden
or Vice Presinent being permitted to held th'
person may occupy both positions) and Sec
retary which person elected Secretary ma.
| or may not be a member OF the Board Th'
said Board may from time to time name art
| annoint all such other officers and agents a
they may deem necessary for the purpose ant
business of the corporation. They shall hav
| nower to fix and define the powers and dutie
Of all other officers and employees and hx tn
/ e,
shall hold Office and employment at the ples
snre of the BoarA. The Board may make an
establish as well as alter and amend by tw
thirds majority, any and all bylaws, rule
and regulations necessary and proper in it
| Judgment for the conduct, support ana manage
| ment of the business and affairs of said corpora
tion, The Board shall have full power an
| authority to borrow or loan money, to exeout
or receive mortgages and liens, to issne bond,
notes and other obligations, to creste serv
tudes. and generally to do all things reasonable
Convenient and necessary for the proper carry
ing on of the business of the corporation
Everv director in case of his absence from tn
Parish of st. Mary, or the State of Louisiana
shall have the power and authority to appoin
in writing stockholder, or any member OF tn
BOARD OF Directors Of the company as his prox
to sit in his lieu and stead at all meetings
the BOARD of Directors, and to represent hiI
at such meetings as fully az though he ni,. hin
he ,ief with the Secretary of the Company
the written as Of ssaeh Of
company, the President shall be required