The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-01-24

the corporation. Inc corporation shall ~
come going concern and be authorized "a a.
business rs soon as Three Thousand r. ~ sS
Dollars of its capital stock shall have bss%S
subscribed for.
ARTICLE v.
All the powers Of the said corporation 81,
be vested in and exercised by Board Of M sasa
tors to be composed of not less than thru NJ.
more than seven stockholders to be eleetS6
annually on the First Monday in Februsrvs =
each year. except the first Board appointsd =
this charter, who shall hold their Office I'M,
the first Monday in February, 1915. Tbe stc.s
holders, before proceeding to elect bosrS =
directors at each annual meeting. shall AZ ~,
number ahereof within tho limits above ny ~
cribed, majority OF whom shall constituS.
quorum. All such elections shall be hsd hs
ballot and conducted at the Office Of said ~
poTation under the supervision of three o.
t. s 81 :pp o sssh 81 the
given by the Secretary of the company Il,
publication for not less than ten days, nor M
than fifteen days prior thereto, in a nswsp1sar
St, Mary, Louisiana. At ali such election a .hS
1t all meetings of stockholders every stoeS.
holder shall be entitled to one vote Tor a.
share Of stock standing in his name on ~
books OF the company to 30 cast in person o.
cast shall elect. Any Vacancy occurrins
among the Directors BY death, resignation 3
otherwise, shall be filed by election for ths
remainder of the term by the remaining DireS
above specified shall not dissolve the corpofs
ton nor impair its corporate manaaemsnt
but the directors then in Office shall remsin IL
Office until their SUCCESSORS are eected ana
qualified. The Board Of Directors shall eiect
from among their number President q Via,
President and Treasurer (elther the Presde~t
or Vice treatment being permitted to hold ia
position of Treasurer and for this purpose ors
rotary, which person elected Secretary nav
or may not be a member of the Board ~
said Board may from time to time name and
appoint all such other officers and agents n
business of the corporation. They shall hsvs
power to fix and define the powers and dutiss
of all other officers and employees and fx ia
shall hold office and employment at the Dlss.
sure of the Board. The Board may make M
establish, as well as alter and amend BY two
thirds majority, any and all bylaws, rula
Judgment for the conduct, support and MANAGE
meRt of the business and affairs of said oorpors
ton. The Board shall have full power "a
authority to borrow or loan money. to exsoute
or receive mortgages and liens, to issne honda
notes and other Obligations, to creste servt
tudes, and generally to do all things reasonable
convenient and necessary for the proper CARR
ing on of the business of the corporstioe
Every director in case OF his absence from q
Parish Of st. Mary, or the State of Louisisaa
shall have the power and authority to appoini
in writing stakeholder, or any member Of ~
Board OF Directors of the company as his proYY
to sit in his lieu and stead at all meetings Z
the Board Of Directors, and to represent In
at such meetings. as fully as though he hln
self were present Such written proxies mret
be filed with the Secretary of the Company,
Upon the written request OF stockholdess
owning at least enc third of the stock Of tn
company, the President shall be required :
call special meeting of the STOCKHOLDERS
hereof. Notice of such special meeting shall +
nan MI a "a op -
Parish OF st. Mary, of such proposed meeeine
for a period of four weeks, and by writes
notice mailed by the Secretary to each stoea.
holder at bis last known address at least tss
days prior to such meeting.
ARTICLE vi,
Whenever this corporation may bediss0ly.,
ed either by limitation or from any otAek
cause. its Affairs shall be liquidated BY thrss
the stock at q general meeting of u
stockholders convened for such purpose a
which meeting notice shall be given To n
manner and time provided for by article sevea
Of this charter, and majority In amount d
the capital stock Of said company Representa-
at such meeting shall be requisite TO. sle0t,
Said commissioners shall remain In o1ss
until the affairs Of the said corporation .hall
one or moro Of said commissioners, the vaoaaSY
shall be filed by election of the sprvtyik
''''''''o" ARTICLE VII. s
This set of corporation may be modinef
changed or altered. or said corporation M
be dissolved with the assent of two-thirds E
the capital stock represented at q geusgl
meeting of the stockholders convened for ri
purpose and after notice shall have BE-
given In one or more newspapers publisho1
In the Town of franklin. Parish of st. Mafy
once q week for four weeks preceding 81
meeting and by written notice to eaoh stock
holder, mailed to him thirty days prior to III
date of meeting at the post office address q
signated by him In writing. Any chanes
stock shall be made in accordance with O.
laws Of the State Of Louisiana on the subject 4
altering the capital stock Of corporations.
ARTICLE VIII.
No stakeholder shall ever be liable for CO...
tracts or faults of said corporation in any fur
corporation ON the shares OF stock owned b
him, nor fhall any mere tnformality of organ
zatlOn affect or render this charter null o.
expose any stakeholder to any liability b.
yond the unpaid amount remaining due on ~
stock.
The first Board of Directors of this corposa-
ton shall be composed OF q. D, Kemper, JgleD
GodchauX and X. G. Milling, with G. D. Ken,
per IS President and Treasurer, Jules 0o4
as Secretary. to serve as such until the ~
Monday in February. 1915, or until thet.soe
cessots shall have been elected and Qua!s1e91
The subscribers hereto have respect3yo3y
WrtSeu opposite tnelr names the amouW =
stock In this corporation subscribed Tor b
each Of them. SO that this act OF incorpofattee
may also serve as the original subscription III
OF said corporation.
Thus done and passed at Franklin, IN ~
Parish OF st. Mary, State Of Louisians, on ~
date above written, In the presence OF I. =
'oustslOt and Mary Feske, two competn
witnesses OF lawful age, who hereunto sIge
heir names with said appearers. and =
Notary, ON the day and date Aforesaid, stset
due reading of the whole.
g. D. KEMPER. (FIFTEEN) ID shares
JULES GODcHAUx, (TH1RTEEN) IL
|R c. MILLING, (Two) 2
Witnesses:
L. A LOUSTALOT,
MARY FESKE.
W. PRESCOTT FOSTER,
Notary Publlc