The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-05-09

meeting of the stockholders of this com.
pany for the election of directors shall be
held at the office of the company after ten
| Q0) days notice in writing shall have
beer given to each stakeholder of the time
and place OF holding said annual election
which notice in writing to each stockhoid.
er may be served by transmitting same to
| him through the mails, addressed "a bis
address as registered on the books Of the
company, or if no such address be regis.
tered then addressed care general deliy.
I cry, franklin, Louisiana.
The voting for directors shall be nv
! ballot; 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 failure from any cause what
soever to hold said annual election or
on the date above specified, shall not dis
solve the corporation, but the directors
and officers then in office shall hold over
until their successors shall have been
elected and qualified; and it shall be the
duty of the Board of Directors. within ten
days, to convene another meeting Of
stockholders, for the purpose of electing
directors, of which meeting each stock.
holder shall have three days prior notice,
in writing by mail as aforesaid, issued to
him by the Secretary of the Company.
failure of the Board of Directors to con-
vene such second meeting, or q failure to
elect directors at said second meeting
but the incumbent directors and officers
shall remain in Office until their success
ors are elected at the next ensuing annual
election and have qualified. In case of
the death or resignation Of any director or
officer before the end of his term Of Office,
the vacancy shall be filed by the remain-
ing directors by the election in his place
Of stakeholder, who shall act until his
successor shall have been elected, at the
next ensuing annual election, and shall
ARTICLE vi.
Three members of the Board of Direc.
tors present, either In person or by proxy,
ton Of all business of the company by the
said Board, and q majority vote of any
meeting of said Board shall prevail, except
as herein otherwise provided.
The Board of Directors shall have the
right, without consulting with or getting
corporation to sell, or ALLEVIATE all or any
part OF said real estate or other property
owned by or belonging to this corporation
or to mortgage all or any part OF said
property for any amount and ON any
ana conditions that said Board of Ri
for said mortgages, bonds, notes or other evi.
dences of indebtedness.
appoint all agents. clerks and employees, and
nx their salaries and compensation. The
Board OF Directors shall have the power to
make. change. alter and modify all proper BY.
laws, rules or regulations for carrying this
charter into effect and for the management Of
the affairs Of the corporation, provided, how>
that ai it shall require an armatiye vote
adopt, amend or repeal any bylaw, or bylaws.
Any of the said Directors shall have the right
70 delegate to any other Director in writing
ARTICLE VII.
At all meetings of stockholders, it shall
require vote OF the majority of the stock 90
present or represented to elect directors, OF
10 any other act except to amend the charter
Dr. dissolve the corporation, which shall require
present or represented, which three-fourths
must also be majority of the stock outstand.
ng.
ARTICLE VIII.
upon the termination Of this charter by
imitation, Or upon the dissolution Of the
corporation as hereinafter provided for, the
% liquidated by three commissioners selected
rom the stockholders at general meeting
alsd for that purpose after giving the
hereof. In case of the death of a commission-
,r during the term of his duties. or in case of
us failure or refusal to act, the remaining
commissioners shall declare the office yacaut
md shall elect a successor from among The
'Ao
ARTICLE TX.
Except As to the increase or decrease of Cant
al stock, which must be done In the manner
md form prescribed by law, this Act Of
Incorporation .a ion may be changed, modified or
It meeting of stockholders called specially
or that purpose, after giving the stock.
FOLDERS notice as provided In Article here
4 /; such meeting to be called by the Secretary,
lpon the written request Of those holding not
ess than one-third Of the capital stock
In the event the dissolution of the corpora.
lrticle VIII hereof may be elected. if SO de-
lred. at the same meeting at which the disso,
NO stakeholder shall be liable or in anv
manner responsible tor the contracts or faults
!, this corporation, beyond an unpaid balance
y him nor shall any mere informaiitV in this
ct nave the effect of rendering this CHATTER
uli or OF exposing stockholders to liability
'ss'no the amount ARf Il SEE X STOCK
IN tne event that this corporation shall Ia.
ue hrst Or second mortgage bonds or notes,
Il the first or second mortgage bonds 81 notax
Y II any amount is still due in principai or
interest on the second mortgage bonds Or
SiG q linen H. no dividends whatever shsll b
ividends only shall be paid after ali second
aooirssgsge bonds or notes are fully paid and
ARTICLE XII.
;, 20 1aat snis Charter may also serve as
! Inscription list, the parties signing this
narter have set out opposite their sienstures
a a amount Of the capital stock Of this corpora
on 4 subscribed by each one Of them.
n, St. Mary Parish, Louisiana, ON the day.
aontn and year first hereInabove written, In
ne presence Of Refine H, Mayer and K. Y.
0ckett, two competent witnesses, who here
MO sign their names with said sppearers and
le q, y sotary, after due reading OF the whole.
y " ~ aDur d: Kramer, Three Thousand Dollars
!, O00. COY, Thirty Shares.
4 Ara%er, Fifteen Hundred Dollarst $l5oo.oo),