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


the products to be grown thereon In accord
ance with the laws of this state.
In fact, said company shall have. generally
manage and dispose of property OF every KIND
pertaining to such business, and to do every
thing necessary and proper to the conduct OF
said business.
ARTICLE I'LL
The capital stock of said corporation shall be
Fifty Thousand 1850 COO COL divided Into and
represented by Five Hundred (500l shares OF
the sum of One Hundred ($l0000) Dollars each,
which said stock shall be paid for in cash at the
time of subscription. or the same may be is.
sued, at not less than par, for labor done or
money or property actually received by satd
issued until the consideration therefor has
been received by said corporation.
Amy stockholder may sell, assign or transfer
bis stock in this corporation provided ten (lo)
sign or transfer the same be given the com:
pany, and the other stockholders thereof shall
have the first privilege of purchasing same, at
may ma T be- sold in t open market 'A' '"' OWN
And no treasury stock shall be sold until ten
N0) days prior notice be given the stock.
holders who shall have the 1rst privilege Of
purchasing same, after which ten lo) days
notice the said treasury stock may be sold in
open market.
This corporation may commence doing bust
lars of the capital stock shall have been sub
scribed for.
The board of directors shall have the right
to determine how much stock shall be issued.
ARTICLE ".
The corporate powers of this company shall
be vested in, and exercised by, q board of four
az directors; three (3) of said board shall con-
stitute quorum for the transaction of bust.
ness and their decisions shall be valid corpo.
rate acts.
The stockholders may at regular meeting,
by resolution, increase the number Of directors
The following persons shall constitute the
first board Of directors: A. A. Bonvillain,
Sidney A. BonvilfaIn, Miss Elmire P. Bonvil-
lain and Charles n. Bonvillain, with A. A..
villain as Vice President and Sidney A. Bon
villain AS Secretary Treasurer.
No person shall be eligible rs director or an
During the absence of the president the
vice.president shall act and preside.
Said board shall continue in office until the
first Monday in February, 1915, at which date,
and thereafter. annually, board Of directors
shall be elected on the first Monday of
February. of each year, unless the same
held on the next legal day thereafter.
Written notice of such election addressed
to each stakeholder at his last known post
days prior to said meeting; and the board OF
directors shall appoint one or more stockhold.
ers to preside at such election as commission
ers. In the event of the failure of any com
president shall, by appointment, ill the vacan.
cy. Any failure from auy cause whatsoever
to eject directors on the day named for that
purpose shall not dissolve the corporation; but
the directors then in Office as we'll as the OH
their successors are chosen.
In such event the president shall cause
another election to be held within thirty (sO)
days. and shall give notice thereof IS herein:
At every election and meeting each stock
holder shall be entitled to vote for each share
Of stock registered in his name, and may vote
The election of directors shall be by ballot,
and the majority in amount Of votes cast.
for one vote, shall elect the person or persons
for whom they have been cast.
After each election the board of directors
shall elect from their own number the officers
The officers Of. this company shall be .
President, vice-P President. Secretary and a
Treasurer. The Offices Of Secretary and
Treasurer may D Ss sf1S Il e y. person.
Tho board Of directors shall have full power
to I'LL vacancies in their number, caused by
the stockholders Of the corporation.
The said board shall have full control of the
property Of this company and shall SO conduct,
manage and use sam. van as in their discretion
objects of this company or tho welfare of the
same, with the authority to franc and adopt
such by laws. rules and regulations IS they
may deem necessary for the conducting. and
management thereof; preceded. same shall not
conflict with this charter, or with the laws of
this State or of the United States.
ARTICLE VI
No stakeholder shall ever be held liable or
responsible for the contracts or faults of this
corporation in any further sum than the
unpaid balance due TO the company on the
mality In the organization of this COMPANY
have the effect of rendering this charter null
or Of exposing any stockholder tsny liability
beyond the amount OF his stock.
The capital stock may be increased or de-
creased In the manner and form provided for
by the Constitution and laws of the State Of
Louisiana.
This charter may be changed. modified or
amended, or this corporation may be dissolved
ut general meeting Of the stockholders con.
fourths 90 of the stock representea at such
meeting, after thirty days notice shall have
been gwen OF such meeting BY advertisements
in one OF the newsPapers published In the town
ARTICLE VIII.
In case of dissolution or termination OF this
corporation, either by limitation Of Its charter
affairs shall bs conducted BY * two commits.
sioners selected from the Stockholders At n
general meeting of Stockholders convened If.
as above provided In Article VII.
Said commissioners shall remain In office un
til the affairs Of said corporation shall have
fully liquidated.
In case of the death Of one or moro of the
said commissioners the survivors or survivor
shall continue to act.
The subscribers hereto have written oppO.
site their names the number OF shares sub
scribed for, SO that this act may serve as the
original subscription list.
Thus done and passed ut Franklin, Parish Of
st. Mary, Louisiana. in the presence of Miss
Lola Jones and Geo. Theriot, two competent
witnesses, of lawful. age, and resident Of the
Parish OF ST. Mary, Louisiana, who hereunto
subscribe their names, together with said
parties and me. Notary, on this 18th day OF
March, A. D., 1914.
No. Shares. Amt.
A. A. BONvILLAIN i00 M
SIDNEY a. BONVILLAlN 81 R3f0 n
ELMIRE Y. BONV1LLAIN SO S3OO Id
CHAo. N. BONVIILAIN
Per Sidney A. Bony illain ARt 50 s3O0 Of
Witnesses:
LOLA JONES,
GEO. THEKIOT.
RENE " uyMrr xoA Da,