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


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 otner DUST
ness which under the law 1t may De ems
titled to carry on which may seem . 70 INC nc
corporation to be calculated directly or
indirectly to effectuate the Aforesaid Cd.
iects. or either of them, or to facilitate 1t
| In the transaction Of its aforesaid business
or businesses, or any part Thereon, or III
| the transaction of any other lawful Dusl-
ness that may be calculated directly or
indirectly to enhance the e. value sa,no OF 20
properties and rights. and generally to
hold and exercise all such incidental
powers and privileges as relate to the CD"
iects and purposes hereinbefore set 1orln'
or as may be necessary, useful or conve-
nient for affecting said objects and pur-
poses.
ARTICLE Nv.
The capital stock of this corporation is
hereby fixed at Fifty thousand ($oO, OO0.0o)
Dollars. divided into and represented by
Five Hundred [5U0) shares of One Hun,
dred $4,000 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 and be considered as fully organized
when Five Thousand 80 000.o0S Dollars Of
| he capital stock of said corporation shall
have been subscribed for.
The said stock shall be paid for IN cash,
or ia labor done, or property actually re-
ceiyed by the corporation, and all stock OF
this corporation MOI subscribed for in this
charter shalt only be Issued by the Board
of Directors of this corporation, aud ther
for cash or labor done or performed, or
property received by the corporation. :.
The officers Of this corporation shall
consist OF a President, VicesPresident.
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 be managed by Board of not
less than three - nor more than five
directors to be selected from among the
stockholders. and any person having
stock standing in his name, either as
owner or agent, shall be qualified to be-
come a director. The first Board of Di.
rectOrs shall consist of Oscar Zen0r, Will
bur H. Kramer, j. C. LeBourgeois, A. L.
!. Boudreaux and G. F. Borah, and they
+ brbary, 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 g
:, ,ecretary, each of whom must be chosen
from among their own number.
9 OF he first Board of Directors hereir
named Oscar Zenor shalt be President, G
: f. borah shall be Vice President and w
! Ii. Kramer shall be secretary Treasurer
u all os whom shall hole their offices cnti
their successors are elected.
On the first Monday in February, 1915
> and annually thereafter ut such houls a!
. may be fixed by the by laws, the annua
:. meeting of the stockholders of this com.
;. pany for the election of directors shall b.
= held at the office Of the company after tel
slOs days notice in writing shall have beer
given to each stockholder OF the time ant
4 place OF holding said annual election
holder may be served by transmitting
!, same to him through the mails, addressed
to his address as registered on the book
i Of the company, or il no such address b
;, registered then addressed care genera
delivery, Franklin, Louisiana.
ii The voting for directors shall be by bal
: lot; and each stakeholder In person or b.
proxy shall be entitled to cast one vote TO
each share of stock owned by him, whicl
> shall have been standing in his name OF
y the company's books for at least ten day
prior to the date Of said election. A fail
ure from any cause whatsoever to hol'
= said annual election or meeting. or to cleo
" directors Or officers on the date abov
= specified. shall not dissolve the corpora
. ton; but the directors and officers then il
= Office shall hold over until their successor
= shall have been elected and qualified; ant
% it shall be the duty of the Board of Direc
i tolls, within ten days, to convene anothe
= Of electing directors, OF which meetiD
} each stakeholder shall have three day
= prior notice in writing, by mail as af0re
!. said, issued to him by the Secretary OF tn
. Company. y failure of the Board @
Directors to convene such second meeting
or failure to elect directors at said sec
: ond meeting shall likewise not dissoly
: this corporation; but the incumbent di
;: rectors and officers shall remain in 0ffic
y until their successors are elected at tn
) next ensuing annual election and hav
= qualified In case of the death or resig
: nation of any director or officer before tn
end of his term Of Office, the vacancy sha
be filled by the remaining directors by tn
:, election in his place Of stOckhOlder, VIII
y shall act until his successor shall hav
u been elected, at the next ensuing annua
= election, and shall have qualified.
q ARTICLE vi.
% Three members of the Board of Direc
!" tors present, either in person or by proxy
= shall constitute quorum for the transac
y ton of al business of the company by tn
!, /, laid Board, and majority vote Of an
:. meeting Of said Board shall prevail ex
:, cept as herein otherwise provided.
= The Board Of Directors shall have th
right. without consulting with or get
) ting the consent Of the stockholders Of thl
y corporation to sell, or ALLEVIATE all or an
= part Of SAID real estate or other propert
g owned by or belonging to this corpora
. ton, or to mortgage all or any part 9
. said property for any amount and on an
terms aud conditions that said Board {
! Directors may see At. and to issue for &c
- other evidences OF Indebtedness.
Sald Board Of Directors shall hav
: power to appoint all agents, clerks an
q employees, amt fix their salaries and com
= pensation. The board Of Directors sha
have the power to make, change. alter an
| nodlfv all nrOper v.lawa rules or reQu