The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-01-31
G HI A RTE n
OF
The Franklin Company
UNITED STATES OF AMERICA,
STATE OF LOUISIANA,

PARISH OF st. MARY.
BE 1t known that on this l6rh day of the
month of January in the year Of orr Lord one
thousand, nine hundred and fourteen before
me. william Prescott Foster, a Notary Public
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 awaiting them
selves OF the laws of the State of Louisiana in
and and
General Assembly Of the State of Louisiana
for the year 1904, they have covenanted and
agreed, and do by these presents covenant and
agree ana bind themselves. as we'll as all such
persons as may hereafter become associated
with them, to form corporation and body
Dolitic for the objects and purposes and under
the articles and stipulatiOns as follows, to.
wit:
ARTICLEL
The name Of this corporation shall be THE
FRANKLIN COMPANY and under its said
corporate name, it shall have power and antho.
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 n.y.
pothecate property, real, personal and mixed.
corpOreal and Incorporate to name and appoint
such man ayers, agents, directors and officers
rs its business interests and convenience may
require, and to make and establish, 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 doniicile of this said corporation shall be
in the Town of Franklin, Parish of St. Mary,
State of Louisiana, and all citations or other
legal process shall De served upon the Presi-
deut OF said cOrpOration, or in the event of his
absence. upon the Vice President thereof, and
in the absence of both of said officers, upon the
Secretary OF the CORPORATION.
ARTICLE III.
The objects and purposes of this corporation
are hereby declared to he to buy and sell real
estate lands and ten"ments whether high, low,
swamp OveIauwed marsh; to purchase, re-
claim, develop and improve lands; to loan and
borrow money Oh 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 aud
other animals for such purposes; to own and
fnerics and own and operate in connection
Herewith cOnimiSsaries, and carry on gener
al mercantile business both retail and whole
salt; to construct own, operate and maintain
canals, bridges, ferries, roads, toll roads, toll
gates, railroads. tram roads. and to dispose Ut
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 i'll favor or
such plants; to buy and sell real estate neces-
sary or incidental tor the carrying out of the
above described purposes, and to do any and all
things necessary tor and incidental to the
carry ing out of the above described purposes.
ARTICLE Nv.
The capital stock of said corporation Is here
by fixed at Fifty Thousand i$5U,0OOl Dollars,
divided into and represented by five hundred
shares of stock Of the amount Uf one hundred
(SiUJ. COL dollars per share each Said stock
shall he paid for in cash at such time and in
such amounts and after such notice to the sub.
scribers may be fixed by the Board of
or the Sane may be issued at not
less than par for property actually received by
the corporation. The corporation shall be-
come IL going concern and be authorized to do
business as soon ~ Three Thousand [$3, 000]
Dollars of its capital stock shall have been
su described 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 nor
more than seven stockholders to be elected
annually on the First Monday in February of
" year, except the first Board appointed In
charter, vino shall hold their office until
first Monday in February, 1915. The stock.
ers, before proceeding to elect board of
ttors at each annual meeting, shall tx the
Ter 9hereOf within the limits above pres.