The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-03-28

transaction or operation commonly carried
on or undertaken by warehousemen and
any other business which may from time
to time be conveniently carried on or In
connection with the above.
Section 7. To carry on any other busi-
ness which under the law it may be en>
titled to carry on which may seem to the
corporation to be calculated directly or
indirectly to efectuate the aforesaid ob.
jects, or either of them, or to facilitate 1t
in the transaction Of its aforesaid business
or businesses, or any part thereof, or in
the transaction of any other lawful bust
ness that may be calculated directly or
indirectly to enhance the value or to
render profitable any Of the company's
properties and rights. and generally to
powers and privileges as relate to the OBJ.
jects and purposes hereinbefore set forth,
| or as may be necessary, useful or cOnve-
nient for affecting said objects and pur.
poses.
ARTICLE w.
The capital stock of this corporation is
hereby fixed at Fifty thousand ($50, 000.0O)
Five Hundred [5O0) shares of One Hun.
dred -SlOO00- Dollars each; which capital
stock may be increased or reduced by
proceedings taken in the manner pre-
scribed by law.
This corporation shall be going con-
when Five Thousand 80, 600 .o0s Dollars of
The capital stock of said corporation shall
have been subscribed for.
The said stock shall be paid for in cash,
or in labor done, or property actually re-
ceived by the corporation, and all stock OF
this corporation not subscribed for in this
charter shall only be issued by the Board
OF Directors of this corporation, and then
for cash or labor done or performed, or
property received by the corporation.
l. The officers of this corporation shall
consist OF President, VicesPresident,
Secretary a 4 Treasurer. The Office Of
Secretary and Treasurer may be held by
one person.
ARTICLE V.
The corporate powers OF this corpora
ton shall be vested in and the business of
same shall b. managed by a Board of not
less than three s3s. nor more than five s5s
directors To be selected from among the
stockholders. and any person having
stock standing in biz name, either as
owner or agent, shall be qualified to be-
come director. The first Board of Di-
rectors shall consist of Oscar Zenor, Will
bur H. Kramer, J. G. LeBourgeois, A. L..
Boudreaux and c. F. Borah, and they
February, 1916, or until their successors
shall have been elected and qualified.
The Board of Directors Immediately upon
their election annually shall meet and
elect President, Vice>President and a
secretary, each of whom must be chosen
, from among their own number.
4 Of the first Board of Directors herein
named Oscar Zenor shall be President, c..
+ +. Borah shalt be Vice. President and w q.
Ii. Kramer she'll be Secretary Treasurer;
all os whom shall hole their Offices cntil
their successors are elected.
On the first Monday in February, 1915,
! and annually thereafter at such hours as
| no U Ia nv In 10
meeting OF the stockholders of this COM
pany for the election OF directors shall be
neid at the office Of the company after ten
: TO- days notice in writing shall have been
given to each stakeholder Of the time aud
/; place OF holding SAID annual election,
which notice in writing to each stock
holder may be served by transmitting
same to him through the mails, addressed
; to his address as registered on the books
of the company, or if no such address be
, registered then addressed care general
delivery, Franklin, Louisiana.
; The voting for directors shall be by ball
lot; and each stakeholder in person or by
proxy shall be entitled to cast one vote for
each share of stock owned by him, which
; shall have been standing in his name on
: the cOmpany's books for at least ten days
prior to the date of said election. A fall
ure from anv cause whatsoever to hold
said annual election or meeting, or to elect
directors or officers on the date above
specified, shall not dissolve the corporas
ton; but the directors and officers then in
Office shall hold over until their successors
-hall have been elected and qualified; and
it shall be the duty of the Board of Drec-
tors, within ten DAYS, to cony enc another
meeting Of stockholders, for the purpose
Of electing directors, OF which meeting
each stakeholder shall have three days
prior notice in writing, by mail as af0re.
said, issued to him by the Secretary of the
Company. failure of the Board Of
Directors to convene such second meeting,
oHd meeting shall likewise not dissolve
this corporations; but the incumbent d.
rectOrs and officers shall remain in Office
until their successors are elected at the
next ensuing annual election and have
qualified In case OF the death or resig-
end OF his term Of Office. the vacancy shall
be filled ~ the remaining directors by the
election III his place of a st0ckholder, who
!; shall act until his successor shall have
been elected, at the next ensuing annual
election, and shall have qualified.
4 ARTICLE vi
Three members of the Board Of Direc-
tors present either in person or by proxy,
shall constitute quorum for the trans sac
tioa OF all bushes, Of the company b. the
said Boara, and 4 majority vote of any
meeting OF said Board shall prevail ex
cept as herein otherwise provided.
| The Board of Directors shall have the
right. without consulting with or get
ting the consent Of the stockholders Of fbls
corporation to sell, or Alternate all or any
, part of sad real estate or other property
:, owned by or belonging to this corpora
; ton, or TO IN rtgage all or any part Of
said property TO any amount and on any
terms and conditions that said Board OF
Directors may see fl and to issue for Sc
curity for SAID mo"tg ges bonds, notes or
: other evidences % Indebtedness.
Said Board OF Directors shall have
power to appoint all agents, clerks and
employees, amt fix their salaries and com.
; pensation. The board Of Directors shall