The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-03-14

on or undertaken by warehousemen ana
anv other business which may from time
to time be conveniently carried on or IN
connection with the above.
Section Z. To carry on any other busi'
ness which under the law 1t may be en-
to be calculated directly or |
Indirectly to effectuate the Aforesaid Oh.
iects. or either OF them, or to facilitate 1t |
In the transaction Of its Aforesaid business
or businesses, or any part thereoI, or IN
the transaction Of any other lawful Dusl-
ness that may be calculated directly or
indirectly 70 enhance the value sauno OF 20
properties and rights. and generally to
hold and exercise all such incidental
powers and privileges as relate to the OBJ
jects and purposes hereinbefore SET Iortn'
or Al NAV be necessary, useful or conve.
nient for affecting said objects and pur'
poses.
The capital stock OF this corporation LIS Is
hereby fixed at Fifty Thousand ESQ, O0O.OOl
Dollars, divided into and represented by
Five Hundred 1907 shares Of One Hun,
dred 500. 90. 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,
Germ ana Dc COnsIuo! ~ as 1uaak ~
when Five Thousand IS 10000 Dollars OF
the capital stock of said corporation shall
have been subscribed for.
The said stock shall he paid for in cash
or in labor done, or property actually re-
ceived by The corporation, ana ali stock OF
this corporation nor subscribed for in this
charter shall only be issued by the Board
of Directors of this corporation. and the"
for cash or labor done or performed, or
property re -eived by the corporation
The Officers of this corporation shall
consist OF \ President. Vice~Preslde"t.
Secretary aid Treasurer. The Office ~
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 Board of not
less than IT, ee g. nor more than five 20
directors t. be selected from among the
stakeholder. and any person having
stock standing in his ZANE, either as
owner or agent, shall be qualified to be-
come IA director. The fir, Board Of Di-
rectors shall consist of Oscar Zenor, Will
bur H. Kramer, J. G. LeBourgeois, A. L.
Boudreaux and T.. +. q Jrah, and they
shall hold o;iice until the first Monday in
February, 1915, 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
from among their own numher.
OF the first Board Of directors herein
named Oscar ZenOr shall be President, Z.
F. Borah shall be. Vice. President and w.
H. Kramer shall be Secretary.Treasurer;
all os whom shall hole their Offices cntil
their successors are elected.
On the first Monday in February. 1915,
~ th0rQ aff al
may be fixed by the by laws, the annual
meeting OF the stockholders Of this COM
pany for the election of directors shall be
| held at the Office of the company after ten
TO- days notice in writing shall have been
given to each stakeholder of the time and
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, addf essed
| to his address as registered on the books
| Of the company, or ii no such address be
| registered then addressed care general
delivery, Franklin, Louisiana.
The voting for directors shall be by bali
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. fail
ure from any cause whatsoever to hold
said annual election or meeting, or to elect
| directors or officers on the date above
specified, shall not dissolve the corpora.
ton; but the directors and officers then in
office shall hold over until their successors
| shall have been elected and qualified; and
| 1t shall be the duty of the Board Of Direc-
| tors, within ten days, to convene another
| meeting Of stockholders. for the purpose
Of electing directors, Of which meeting
each stakeholder shall have three days
4 ms mt isan In hx1, at %
said, issued to him by the Secretary Of the
Company. A failure Of the Board of
Directors to convene such second meeting,
or failure to elect directors ct said sec,
| ond meeting shall likewise not dissolve
| thiss corporation; 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-
| nation Of any director or officer before the
end OF his term Of Office, the vacancy shall
be filled ~ the remaining directors by the
election In his place of stockholder, who
hall act until his successor shall have
been elected, at the next ensuing annual
election, and shall have qualified.
ARTICLE vi.
Three members Of the Board OF Direc-
| tors present, either In person or by proxy,
shall consulate quorum for the transac-
! tips of all business Of thu company by the
| said Board, and 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 consultiag with or get
| ting the consent of the stockholders of this
| corporation to sell, or a,euate all or any
part OF SAID real estate or q her propor.y
| owned by or belonging TO lais corpo a.
| ton. or TO mortgage ali or any part If
said property for any amount and on any
terms and conditions that said Board of
Directors may see fit, ard - issue for Sc
curisy for said mortg ges bonds, notes or
other evidence of indebted ess.
Sa'd Beard Of Director, shall have
power 10 app int all agcnts, clerks ard
vieployes, alid tx their sale es and COM
pensation. The boare Of directors shall
lave the power to make, change. alter and
modify all proper by.laws, rules or regu-