The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-02-28
e HI A R TER
The Franklin Company
UNITED STATES OF AMERICA,
STATE )F LOUISIANA,

UNITED STATES OF AMERICA,
STATE )F LOUISIANA.
PARISH OF ST. MARY.
Be it known that On this 10th t,ay of tbs
month of January in the year of our Lord one
thousand, nine hundred and fourteen, before
me, William Prescott Foster n NOtsrv puhlic
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 availng them
selves of the laws of the State of Lou!s sana in
s., such cases made and proyided, and particular,
General Assembly of the State of Louisiana.
for the year 1904, they have covenanted and
agreed, anddo by these presents covenant and
agree and bind themselves, as well as all such
persons as may hereafter become associated
with them, to form a corporation and body
polite for the objects and purposes and under
the articles and stipulations as follows, to-
wit
ARTICLE
Tne name OF this corporation shall be THE
FRANKLIN COMPANY" and under it's said
corporate name, it shall have power and autbo.
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.
corporate SEAL and the same to alter and
break at pleasure; to hold, receive, lease, pur.
chase and convey, as well as mortgage and hy.
pothecate property, real, personal and mixed,
such managers agents, directors and officers
as its business interests and convenience NAV
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 yS, and nd proper
The dOmicile OF this said corporation shall he
In the Town of Franklin, Parish of ST. Mary
State of Louisiana, and all citations or other
legal process shall be served upon the Presi-
absence upon the Vice-President 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 tenomen.s, whether high, low.
swamp, overfowed 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 evi.
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, sheep and
operate warehouses, granaries and sugar re-
tineries. and own and operate in connection
Herewith cOmmiSsaries. and carry on a oener-
al mercantile business both retail and whole
saieS to construct, own, operate 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
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 all
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 i$5O ,000] Dollars,
divided into and represented by five hundred
shares OF stock OF the amount Of one hundred
500 .0Ol 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 sane may be issued at not
less than par for property actually received by
the corporation. The corporation shall be-
come going concern and be authorized to do
business as soon as Three Thousand I$3, ,O0Ol
Dollars of its capital stock shall have been
ARTICLE
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
on the First Monday in February of
each year, except the first Board appointed in
the first Monday in February, 1915. The stock.
holders. before proceeding to elect board of
directors at each annual meeting, shall II X the
number 9hereof within the limits above pres
d
quorum. All such elections shall be held by
ballot and conducted at the Office of said cor
poration under the supervision of three com
tS be- appointed by the Board Of
given by the Secretary of the company by
publication for not less than ten days, nor more
than fifteen days prior thereto. in a newspaper
published in the Town of Franklin, Parish of
St, Mary, Louisiana. At all such elections aud
1t all meetings of stockholders every stock.
holder shall be entitled to one vote for each
sharc OF stock standing in his name on the
cast shall elect. Any Vacancy occurring ring
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
lion 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 shall elect
from among their number President, q Vice.
President and Treasurer (elther the President
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 q 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
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
as we'll 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.
rent 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,
and necessary for the proper carry.
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
Board Of Directors of the Company as his proxy
10 sit in his lieu and stead at all meetings Of