The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-03-21

reD[uary, or each year, unless the same
should be holiday, then the election shall he
held on the next legal day thereafter.
Written notice of such election addressed
to each stakeholder at his last known post
days prior to said meeting; and the board OF
directors shall appoint one or more stockhold.
ers to preside at such election as commission
ers. In the event of the failure of any com.
president shall, by appointment, fill the vacan-
cy. ANY failure from auy cause whatsoever
to eject directors on the day named for that
purpose shall not dissolve the corporation; but
the directors then in office, as we'll as the off
GERS of said company, shall hold over until
their successors are chosen.
In such event the president shall cause
another election to be held within thirty (SO)
before provided.
At every election and meeting each stock
holder shall be entitled to vote for each share
Of stock registered in his name, and may vote
by proxy.
The, election of directors shall be by ballot,
and the majority in amount of votes cast.
each share of stock voted upon to be counted
for one VOTE shall elect the person or persons
for whom they have been cast.
After each election the board of directors
shall elect from their own number the officers
of said company.
The officers Of this company shall be
President, vice-President, a Secretary and
Treasurer. The Offices OF Secretary and
Treasurer may be held BY one person.
LIE DOaTu OF directors snail nave null power
to I'LL vacancies in their number, caused by
death, resignation otherwise, from among
the stockholders Of the corporation.
The said board shall have full control of the
property of this company and shall so conduct,
manage and use same as in their discretion
they deem fit, and that ia consistent with the
objects OF this company or the welfare of the
same, with the authority to frame and adopt
such by laws. rules and regulations as they
may deem necessary for the conducting and
management thereof preceded. same shall not
this State or of the United States.
ARTICLE VI
No stakeholder shall ever be held liable or
responsible for the contracts or faults of this
corporation in any further sum than the
unpaid balance due to the company OH tho
shares owned by him; nor shall any mere infor-
lnality in the organization of this company
have the effect of rendering this charter null
or of exposing any stakeholder tany liability
beyond the amount of his stock
-s ARTICLE VII.
The capital stock may be increased Or de.
creased in the manner and form provided for
by the Constitution an1 laws of the State of
Louisiana.
This charter may be changed. modified or
amended. or this corporation may be dissolved
Mt general meeting nf the stockholders con-
vened for the purpose with ths, assent OF three
fourths3-4 of the sock represented at such
meeting, after thirty days notice shall have
been given of such tnecsing by advertisement
in one OF the newspapers published in tbefewn
of Franklin, Parish 9 St. Mary, louisiana.
In case of dissolution or termination OF this
corporation, either by limitation of its Gu arter
or from any other cause, the liquidation OF its
affairs shall be conducted by two commits
sioners selected from the stockholders at a
general meeting Of stockholders convened af-
ter thirty days notice shall have been given,
as above provided in Article VII.
Said commissioners shall remain in office uD
til the affairs of said corporation shall have
fully liQuidated.
In case of the death of one or more of the
| said commissioners the survivors or survivor
shall continue to act.
The subscribers hereto have written oppo
site their names the number Of shares sub
scrbed for, so that this act may serve as the
original subscription list.
Thus done and passed at Franklin Parish Of
St. Mary, Louisiana, in the presence of Miss
| Lola Jones and Geo. Theriot, two competent
/ witnesses, of lawful age, and resident of the
Parish of St. Mary, Louisiana, who hereu'! to
subscribe their names, together with said
parties and me. Notary, On this 7th day Of
March, A. D., 1914.
| No. Shares. Amt.
A. A. BONVILLAIN Is 10000
SIDNEY A. BONvILLAIN 81 $4,000
ELMIRE r. BONV1LLAIN So $4,000
| CHAS. N. BONVILLAIN
Per Sidney A. Bonviiain, Agt. 50 10000
! = Witnesses:
LOLA JONES,
GEO. THEREOF.
| RENE H. HIMEL, Notary Public.