The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-01-31

ballot aad cOnducted at the office of said cor
p0ration under the supervision of three com
mlssloners to be appointed by the Board cf
IpectOrS. Notice of such election shall We
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
st, Mary, Lnuisi ina. 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
oy MS written proxy. and majority of votes
cast shsl elect. Any Vacancy occurring
among the Directors by death, resignation or
otherwise, shall be filled by election for the
remainder Of the term by the remaining Direc-
tors Failure to elect Directors upon the date
above specified shall not dissolve the corpora
tlon 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 a President, Vice
president and Treasurer (elther the President
or Vice Presinent being permitted to hold the
position OF Treasurer, and for this purpose one
person NAV occupy both pOsitiOns) and Sec
rotary, winch 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 the corporation. They shall have
power to nix 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
ton The Board shall have full power and
authority to borrow or loan money. to execute
or receive mortgages and liens, to ssne b0n,ls
notes and Other obligations, to creste servi-
tudes and generally to do all things reasonable,
convenient and necessary for the proper carry.
ha hnci nEf
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 stakeholder, 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, aud to represent him
at such meetings. as fully as though he him.
self were present. Such written proxies must
be filed with the Secretary of the Company.
Upon the written request of stockholders
owning at least enc third Of the stock of the
company, the President shall be required to
call special meeting of the stockholders
hereof. Notice OF such special meeting shall be
given both BY publication in weekly news
Parish of st. Mary, of such proposed meeting
for period of four weeks, and by written
notice mailed by the Secretary to each stock.
holder ut his last known address at least ten
days prior to such meeting.
ARTICLE VI
Whenever this corporation may be dissolv-
ed, either by limitation or from any other
cause, its affairs shall be liquidated by three
to be appointed from among
the stockholders at general meeting of the
stockholders convened for such purpose of
which meeting notice shall be given in the
manner and time provided for by article seven
Of this charter. and majority in amount of
the capital stock of said company represented
1t such meeting shall be requisite to elect.
Said commissioners shall remain in Office
until the affairs of the said corporation shall
have been fully liquidated. In case of death of
one or more of said commissioners, the vacancy
shall be filed by election of the surviving
ARTICLE VII.
This set of corporation may be modified,
chang ed or altered or said corporation may
be dissolved with the assent of two-thirds Of
the capital stock represented at a general
of the stockholders convened for such
purpose and after notice shall have been
given in one or more newspapers published
IN the Town of Franklin. Parish of st. Mary,
once week for four weeks preceding the
meeting and by written notice to each stock
holder. mailed to him thirty days prior to abe
late of meeting at the post office address de-
,ignated by him in writing. Any changes
,t0ck shall be made in accordance with the
avs Of the State of Louisiana on the subject OF
Altering the capital stock Of corporations.
ARTICLE VIII.
No stakeholder shall ever be liable for con-
,racts or faults of said corporation in any fur
her sum than the unpaid balance due the
him, nor shall any mere informally of organ
alton affect or render this charter null or
expose any stockholder to any liability be-
vOnd the unpaid amount remaining due on his