The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-02-14
G HI A II IT e R
The Franklin Company

UNITED STATES OF AMERICA,
STATE OF LOUISIANA,
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, Notary Public
| duly commissioned and qualified in and for
| the Parish of ST. Mary, State of Louisiana
| aforesaid, therein residing and in the pres.
| 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 provided, aud particular
y Of the provisions OF Act No IS of the Acts of the
| General Assembly OF the State of Louisiana.
agreed, and do by these presents covenant and
| agree and bind themselves, we'll as all such
persons as may hereafter become associated
| with them, to form corporation and body
! polite for the objects and purposes and under
the articles and stipulations as follows, to-
wit:
ARTICLE
FRANKLIN COMPANY" and under it's said
| corporate name, it shall have power and autho
rity to have and enjoy corporate existence
| years from and after the date hereof; to con.
tract, sue and be sued; to make and use
| corporate seal, and the same to alter and
break at pleasure; to hold, receive lease, pur.
| chase and convey, "a well a. 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 II.
| The domicile of this said cOrpOratiO shall be
| in the Town of Franklin, Parish Of St. Mary,
| State
| legal pro cess shall be served upon the Presi-
dent of said corporation, or in tho event Of his
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 tenements, whether high, low,
| swamp, Overt1Owed 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
other animals for such purposes; to own and
fneries, and own and operate in connection
Herewith commissaries. and carry on gener-
al mercantile business both retail and whole.
sale; 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~Dufld 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.
The capital stock of said corporation is here.
by fixed at Fifty Thousand 1850 ,0o0] Dollars,
divided into and represented by. i've hundred
[slOo. .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
seribers as may be fixed by the Board o.
less than par for property actually received by
come going concern and be authorized to dc
business as soon as Three Thousand $4,000
Dollars of its capital stock shall have been
subscribed for.
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 mol
more than seven stockholders to be elected
annually on the First Monday in February Of
II each year, except the first Board appointed il
this charter, who shall hold their Office unit
the first Monday in February, 1915. The stock
holders, before proceeding to elect board o.
directors at each annual meeting, shall fix thu
number lhereof within the limits above pres
cribed a majority of whom shall Constitute
quorum. All such elections shall be held b,
ballot and conducted at the Office of said cor
poraton under the supervision of three com
mssiOners to be appointed by the Board o
Directors. Notice Of such election shall b'
given by the Secretary of the company b!
publication for not less than ten days, nor NOR,
than fifteen days prior thereto, in newspape
published in the Town of Franklin. Parish o
Mary f Al all suc eectoSs ae
holder shall be entitled to one vote for eacl
share Of stock standing in his name on tn
books of the company to be cast in person o
by his written proxy. and majority of vote
cast shall elect. Any Vacancy occurring
among the Directors by death, resignation o
otherwise, shall be filed by election for tn
| remainder of the term by the remaining Diret
tors. Failure to elect Directors upon the dat
above specified shall not dissolve the corpora
ton nor impair its corporate Management,
Office until their successors are elected an
qualified. The Board of Directors shall elec
from among their number President, q Vice
President and Treasurer (elther the Presder
or Vice Prcsinent being permitted to hold tn
position of Treasurer, and for this purpose on
person may occupy both positions) and Se
= retary, which person elected Secretary ma
or may not be a member of the Board Th
said Board may from time to time name an
appoint all such other officers and agents q
they may deem necessary for the purpose an
. business of the corporation. They shall hay
power to fix and define the powers and dutie
Of all other officers and employees and fix til
/ salaries of same, and all officers and emplOye'
shall hold Office and EN- ployment at the pie
i sure of the Board. The Board may make AL
establish as well as alter and amend by tw
- thirds majority, any and all bylaws, rul'
and regulations necessary and proper in i
, judgment for the conduct support and manag
! ment of the bust mess and affairs of said corpor
ton. The Board shall have full power al
authority to borrow or loan money, to exeou
or receive mortgages and liens. to issne bond
{. notes and other obligations, to ereste serN
tudes, and generally to do all things reasonabl
e convenient and necessary for the proper carr
ing on of the business of the corporate
Every director in case of his absence from Il