The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-03-07

transaction or operation commonly CaEElou
on or undertaken by warehousemen ana
to time be conveniently carried on or In
connection with the above.
Section Z. To carry on any other busl-
ness which under the law it may be en-
titled to carry on which may seem 70 the
corporation to be calculated directly or
indirectly to efectuate the Aforesaid %.
| iects, or either OF them, or to facilitate IL
in the transactidn of its aforesaid business
or businesses, or any part thereof. or IN
the transaction Of any other lawful busi-
ness that may be calculated directly or
indirectly to enhance tho value or to
render profitable any Of the company's
properties and rights, and generally TO
powers and privileges % relate to the OBJ
jects and purposes hereinbefore set forth,
or as may be necessary, useful or conve.
nient for affecting said objects and pur-
poses.
ARTICLE Nv. r..
The capital stock of this corporation ls
hereby fixed at Fifty Thousand ($6O, OOOOO)
Five Hundred 1901 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 a going con-
Germ and be con dered as fully organized
when Five Thousand 40. OOO.uC Dollars of
| The capital stock of said corporation shall
have been subscribed for.
The said stock shall be ptid for in cash.
or in labor done, or property actually re-
ceived by the corporation. and ali stock OF
| this corporation no. subscribed for in this
chorter shall only be issued by the Board
| of Directors of this corporation, and the"
| for cash Or labor done or performed, or
property received by the corporation.
The officers OF this corporation shall
| consist of a President, Vice~Presldent,
| Secretary AID Treasurer. The Office If
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 s6s
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 4 director. The first Board of Di
J ector~ shall consist of Oscar Zenor, Viii
bur II. Kramer, j. q. LeBourge0is, A. l..
'soudraa' * ami q. +. Borah. and they
SHALL bold office until the first Monday in
| February, 1915, or until their successors
shall lsYe been elected and qualified.
| The Board OF Directors imme diateiy upon
|
elect President. a Vice>P,e>ident and
secretary, each of whom must be chosen
| from among their own number.
| OF he first Board of directors herein
named Oscar Zenor shall be President, G.
+. Borah shall be Vice. President and 4.
| II. amer shall be Secretary-Trcasurer;
| all os ihOm shall hole their Offices cntil
| their succc sSOrs are elected.
| On the first Monday in February, 1915,
and annuslly thereafter at such houis ~
may lie fixed by the by laws, the annual
meeting OF the stockholders of this COM
pany for the election Of directors shall pe
bed At the Office Of the company after ten
.lOS days notice in writing shall have been
given to each stakeholder Of the lime and
place OF holding SAID annual election,
which notice In writing to eacn stock
| holder may be served by transmitting
! same to him through the mails, add es~ Ell
to his address as registered on the books
Of the company, or il no such address be
registered then addressed care general
delivery, Franklin, Louisiana.
The voting for directors shall be by ball
lot; and each stakeholder in person or by
| proxy shall be entitled to east one vote for
each share of stock owned by him, which
shall have been standing in MS name on
the c0mpany's books for at least ten DAYS
prior to the date Of said election. 4 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 ana officers then in
Office shall hold over until their ccessors
shall have been elected and qualified: a d
| 1t shall be the duty OF the Board Of Uirsc-
tors, within ten days, to convene another
meeting of stockholders. for the purpose
OF electiDg directors, of which meeting
each stockholder shall have three DAYS
prior notice in writing, by mail as afore-
soid, issued to him by the Secretary IT the
Company. A failure of the Board of
Directors to convene such second meeting,
Or . failure to elect directors at said sec.
this corporations; but the incumbent d.
rectors and officers shah remain in Office
until their successors are elected at the
next ensuing annual election ana have
qualified. In case OF the death or resig.
nation Of any director or officer before the
end Of bis term Of Office, the vacancy shall
be filled by the remaining 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 have qualified.
ARTICLE vi.
Three members OF the Board of Direc-
tors present. either in person Or by proxy,
shalt constitute quorum for the transac-
ton Of all business of the company by The
said Board, and majority vote of any
meeting Of said Board shall prevail ex.
cept rs herein otherwise provided.
The Board OF Directors shall have The
right, without consulting with or get
ting the consent OF the stockholders Of This |
corporation to sell, or ALLEVIATE all or any |
part OF said real estate or other property
owned by or belonging to. this corpora.
ton. or 10 mortgage all or any part of !
said property for any amount and on any
terms and conditions that said Boald Of |
directors may see III. and to issue for Sc
CURLY fer said mortg ges bonds, notes or
other evidences of Indebtedness.
Sad Board Of Directors shall have
power to appoint all agents clerks and |
employees, and fix their salaries aud com.
psnsation. The Board Of Directors snail
6ave the power to make, change alter and |
iaoai1y all proper bylaws, cyles or regu-