The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-02-07
G HI A r. TIE n
OF
The Franklin Company
UNITED STATES OF AMERICA.
STATE OF LOUISIANA,
PARISH OF ST. MARY.

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, q Notary Public
duly commissioned and qualified in and for
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 availng them
selves of the laws of the State of Louisiana in
such cases made and provided, and particular.
ly of heprovisOns OF Act No of the Acts of the
General Assembly of the State of Louisiana
for the year 1904, they have covenanted and
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 a corporation and BODY
polite for the objects and purposes and under
the articles and stipulations as follows to-
wit:
ARTICLE l.
The name of this corporation shall be THE
FRANKLIN COMPANY and under its said
corporate name, it shall have power and autho.
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 we'll as mortgage and by
pothecate property, real, personal and mixed,
| corporeal and incOrpOreal to name and appoi int
| such managers, agents, directors and officers
as its business interests and convenience NAV
| require, and to make and establish, as we'll 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.
The domicile of this said corporation shall be
in the Town of Franklin Parish of st. Mary
| State of Louisiana, and all citations or other
| legal pro cess shall be served upon the Presi-
dent OF said corporation, or in the event of his
| absence, upon the Vice-Presdent thereof, and
in the absence of both of said officers, upon the
Secretary of the corporation.
ARTICLE I'LL
The objects and purposes of this corporation
| are hereby declared to be to buy and sell rea
estate, lands and tenemen.s whether high low
| swamp, Overf1owed 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
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 to buy and sell cattle, horses, sheep and
other animals for such purposes; to own and
operate warehouses, granaries and sugar re
fneries, and own and operate in connection
Herewith cOmmiSsarieS and carry on a 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 o1
same at its pleasure; to build and maintain
leveeS and canals, and to construct and main
| tain drainage and irrigating plants for itseli
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 secs
sary or incidental for the carrying out of the
above described purposes, and to do any and al
things necessary for and incidental to the
carrying out of the above described purposes
ARTICLE w.
The capital stock of said corporation is here
| by fixed at Fifty Thousand $50 000] Dollars
a dad sDfo tod h1yA Av,a L,,, cd
shares of stock of the amount Of one hundred
| [$lO0. .O0] 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
Directors; or the same may be issued at not
less than par for property actually received by
the corporation. The corporation shall be.
come going concern and be authorized to dc
business as soon as Three Thousand rs, ,0O0]
Dollars of its capital stock shall have been
subscribed for.
ARTICLE V.
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
each year, except the first Board appointed in
this charter, who shall hold their Office until
| the first Monday in February, 1915. The stock
| holders. before proceeding to elect board Of
directors at each annual meeting shall fix the
| number 9hereOf within the limits above pres
cribed a majority of whom shall constitute a
quorum. All such elections shall be held by
ballot and conducted at the Office of said cor
poration under the supervision Of three com
| missioners to be appointed by the Board OF
Directors. Notice of such election shall be
given by the Secretary of the company by
publication for not less than ten days, nor more
| than fifteen days prior thereto, in newspaper
published in the Town of Franklin. Parish Of
| St, Mary, Louisiana. At all such elections ahd
holder shall be entitled to one vote for eacf
share of stock standing in his name on thu
books of the company to be cast in person OF
l by his written proxy, and majority of votes
among the Directors by death, resignation Of
| otherwise, shall be filled by election for thu
| remainder of the term by the remaining Direc
tors. Failure to elect directors upon the dat
| ton nor impair its corporate management
but the directors then in office shall remain il
office until their successors are elected ant
| qualified. The Board of Directors shall elec
from among their number a President, Vice
! President and Treasurer (elther the Presiden
or Vice Presinent being permitted to hold tn
position of Treasurer, and for this purpose on
person may occupy both positions) and Sec
retary, which person elected Secretary ma
or may not be member of the Board. Tn
said Board may from time to time name an
appoint all such other officers and agents a
they may deem necessary for the purpose an
business of the corporation They shall hav
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 employee
shall hold Office and employment at the ples
sure of the Board. The Board may make an
establish, as well as alter and amend by tw
thirds majority, any and all bylaws, rule
Judgment for the conduct, support and manage
ment of the business and affairs Of said corpor:
ton. The Board shall have full power an
authority to borrow or loan money. to exeout
or receive mortgages and liens, to issne bond
notes and other obligations, to creste serv
tudes, and generally to do all things reasonable
convenient and necessary for the proper carr.
| ing. on of the business of the corporation