The St. Mary banner., 1914-05-02

traffic thereon; provided that this corpoS
ration shall not, without an amendment
Of this charter, have the right to exercise
the power of eminent domain.
Section 6. To locate, build, construct,
establish, purchase, acquire, own, lease,
rent out, hold, use, maintain and operate
| warehouses. grain elevators and other
buildings for the storing Of freight. grain,
| and any and all other commodities for
hire or otherwise; to make advances or
loans upon the security Of such freight,
goods and commodities or otherwise; to
issue certificates and warrants, either ne.
gotiable or non.negotiable to persons
storing goods with the company and gen.
orally to do business as public w~rc.
houseman, under the laws OF tn, state of
country In which 1t may operate, and to
carry on or undertake any business.
transaction or operation commonly carried
on or undertaken by warehOusemen and
any other business which may from time
to time be conveniently carried on or in
connection with the above.
Section Z. TO carry on any other busi-
ness which under the law It may be en-
titled to carry on which may seem to the
corporation to be calculated directly or
indirectly to effectuate the aforesaid oh.
jects, or either of them, or to facilitate it
In the transaction Of its aforesaid business
or businesses, or any part thereof, or in
ness that may be calculated directly or
indirectly to enhance the value or to
render profitable any Of the company's
properties and rights. and generally to
hold and exercise all such incidental
powers and privileges as relate to the OBJ.
jects and purposes hereinbefore set forth,
or as may be necessary. useful or conve-
nj fOr n<3 ok
poses.
ARTICLE w.
The capital stock Of this corporation is
hereby fixed at Fifty thousand ($5O, .OO)
Dollars, divided into and represented by
Five Hundred [bO0) shares Of One Hun
dred -$10O.O0 Dollars each; which capital
stock may be Increased or reduced by
proceedings taken in the manner pre-
scribed by law.
This corporation shall be going con-
cern and be considered as fully organized
when Five Thousand IS, ,0O0.00s Dollars Of
the capital stock Of said corporation shall
have been subscribed for.
The said stock shall be paid for In cash,
or in labor done, or property actually re.
ceived by the corporation, and all stock of
| this corporation not subscribed for in this
charter shall only be Issued by the Board
OF Directors Of this corporation, and ther
for cash or labor done or performed. or
property received by the corporation.
The officers of this corporation shall
consist OF ! President, Vice.President,
Secretary and Treasurer. The Office Of
secretary and Treasurer may be held by
one person.
ARTICLE v.
The corporate powers OF this corpora.
| ti0n shall be vested In and the business of
same shall be managed by Board Of not
less than three - nor more than five ss5:
directors. to be selected from among the
stockholders. and any person having
stock standing in his name, either as
owner or agent, shall be qualified to be.
come director. The first Board of Di-
rectors shall consist of Oscar Zenor, Will
bur Il. Kramer. J. e. LeBourgeois, A. L.
shall hold Office until the first Monday In
Febrbary, 1915, or until their successors
shall have been elected and qualified,
The Board Of Directors Immediately upon
| their election annually shall meet aud
elect President, vice>President and
Secretary, each Of whom must be chosen
from among their own number.
OF the first Board Of Directors herein
named Oscar Zenor shall be President, c.
f. Borah shall be Vice-President and W .
II. Kramer shall be Secretary>Treasurer;
all Os whom shall hole their Offices cntil
their successors are elected.
On the first Monday in February, 1915,
l
| may be fixed by the bylaws, the annual
| meeting Of the stockholders of this COM
pany for the election Of directors shall be
held at the Office of the company after ten
slOS days notice in writing shall have been
given to each st0ckholder of the time and
place Of holding said annual election,
| which notice In writing to each stock
holder may be served by transmitting
same to him through the mails, addressed
to his address as registered on the books
OF the company, or Il no such address be
registered then addressed care general
delivery, Franklin, Louisiana.
The voting for directors shall be by bal.
lot; and each st0ckholder in person or by
proxy shall be entitled to cast one vote for
each share of stock owned by him, which
shall have been standing In his name on
the company's books for at least ten days
prior to the date Of said election. A fail
ure from any cause whatsoever to hold
said annual election or meeting. or to elect
directors or officers on the date above
specified, shall not dissolve the corporas
ton; but the directors and officers then In
Office shall hold over until their successors
shall have been elected and qualified; and
1t shall be the duty of the Board Of Direc-
tors, within ten days, to convene another
meeting Of stockholders. for the purpose
OF electing directors, Of which meeting
each stockholder shall have, three days
said, issued to him By the Secretary Of the
Company. A failure Of the Board Of
Directors to convene such second meeting,
or . failure to elect directors at said sec.
ond meeting shall likewise not dissolve
this corpof alton; but the incumbent di-
rectors and officers shall remain In Office
until their successors are elected at the
next ensuing annual election and have
qualified. In case Of the death or resig-
nation OF suv director or officer before the
end Of his term Of Office, the vacancy shall
be filed by the remaining directors BY the
election In his place Of . stockh,'dcr, who
shall act until his successor shall have
been elected, Ut the next ensuing annual
election, and shall have quall6ef.
ARTICLE vi.
Three members Of the Rnard Of Dir"c.