The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-02-21
e HI A r. II e n
The Franklin Company

| A"S AUAAAAAh OOIu Jduy
UNITED STATES OF AMERICA,
STATE )F LOUISIANA,
| PARISH OF ST. MARY,
| Be it known that on this 10th dav of tb
month of January in the year of our Lord on
| thousand, nine hundred and fourteen befor
me, William Prescott Foster Notary Publi
| the Parish of st. Mary. State of Louisian
aforesaid, therein residing and in the pres
ence OF the witnesses hereinafter named am
undersigned, personally came and appeared tn
| several persons whose names are hereupt
subscribed, who declared that availing them
selves of the laws of the State of Louisiana il
such cases made and provided, and particular
General Assembly Of the State Of Louisiana
for the year 1904, they have covenanted anC
agreed, and do by these presents covenant ani
persons as may hereafter become associated
| with them, to form corporation and body
! polite for the objects and purposes and unde1
the articles and stipulations as follows, to
wit:
ARTICLE
The name OF this corporation shall be "THE
FRANKLIN COMPANY" and under its SAID
| 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 well as mortgage and nv
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 NAV
require, and to make and establish, as we'll 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 II.
The domicile of this said corporation shall be
Town of Sf
State of Louisiana, and all citations or other
legal pro cess shall be served upon the Presi-
dent OF said corporation, or in the event OF his
absence, upon the VicePresident thereof, and
in the absence of both of Said officers, upon the
Secretary of the corporation.
ARTICLE Ill
The objects and purposes of this corporation
are hereby declared to be to buy and sell real
estate, lands and tenemen:s, whether high low,
swamp, overhowed or marsh; to purchase re.
claim, develop and improve lands; to loan and
borrow money on lands, real estate and tene.
ments, and to mortgage and hypothecate
same; and to issue bonds, notes or other eyi.
dences Of Indebtedness; to farm and cultivate
lands. either for itself or for others and to en-
gage in agricultural pursuits generally; to buy
and sell agricultural products; to craze lands,
and to buy and sell cattle, horses sheen and
other animals for such purposes; to own and
operate warehouses granaries and sugar re-
fneries, and own and operate in connection
Herewith c0mmissaries. and carry on a gener-
al mercantile business both retail and whole
ooACj W COuSITuCt. OWL OpcraCo ana maintain
canals, bridges, ferries, roads, toll roads, ton
gates, railroads, tram roads, and to dispose of
same at its pleasure; to build and maintain
levees and canals, and to construct and main
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
sary or incidental for the carrying out of the
above described purposes, and to Do any and ali
things necessary for and incidental to the
carrying out of the above described purposes,
ARTICLE w.
The capital stock of said corporation is here
by fixed at Fifty Thousand 1850, ,0OOl Dollars,
divided into and represented by i've hundred
shares OF stock of the amount Of one hundred
1890 .O0] dollars per share each. Said stock
shall be paid for In cash at such time and in
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
the corporation. The corporation shall be-
come going CONCERN and be authorized to do
business as soon as Three Thousand [$3, ,O0Ol
Dollars of its capital stock shall have been
ARTICLE V.
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 Il < the
number ahereof within the limits above pres.
cribed, majority OF whom shall constitute
quorum. All such elections shall be held by
ballot and conducted at the Office of said cor
poration under the supervision of three CON-
missioners to be appointed by the Board Of
Directors. Notice Of such election shall be
given by the Secretary of the company by
publication for not less than ten days, nor more
than fifteen days prior thereto, in newspaper
st, Mary, Louisiana. At all such elections ahd
at all meetings of stockholders every stock
holder shall be entitled to one vote for each
share OF stock standing in his name on the
books of the company to be cast in person or
by his written proxy. and a majority of votes
cast shall elect. Any Vacancy occurring
among the Directors by death, resignation or
Of the term by the remaining Direc-
tors. Failure to elect Directors upon the date
above specified shall not dissolve the corpora
ton nor impair its corporate management,
but the directors then in Office shall remain in
Office until their successors are elected and
qualified. The Board Of Directors sh all elect
from among their number President, Vice.
or Vice Presinent being permitted to hold the
position of Treasurer, and for this purpose one
person may occupy both positiOns) and Sec.
retary, which person elected Secretary may
or may not be a member of the Board. The
said Board may from time to time name and
appoint all such other officers and agents as
they may deem necessary for the purpose and
business OF tne cOrpOfatOn Ihey snail have
power to fix and define the powers and duties
Of all other officers and employees and fix the
salaries Of same. and all officers and employees
shall hold Office and employment at the plea
sure of the Board. The Board may make and
establish, as well as alter and amend by two
thirds majority, any and all bylaws, rules
and regulations necessary and proper in its
judgment for the conduct, support and manage.
ment of the business and affairs of said CORPORA.
tiOn. The Board shall have full power and
authority to borrow or loan money, to execute
or receive mortgages and liens to issne bonds,
notes and other Obligations, to creste servi-
tudes, and generally to do all things reasonable,
ing on of the business of the corporation
Every director in case of his absence from the
Parish Of st. Mary, or the State of Louisiana,
shall have the power and authority to appoint
in writing stockholder, or any member OF the
Board Of Directors of the company as his proxy
to sit in his lieu and stead at all meetings Of
the Board Of Directors, and to represent him