The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-02-14

directors on the day above specified .b,u
not dissolve the corporation, but ~.
directors and officers then in ofica a. al Z
hold over until their successors shall h .sIl
been duly elected, qualified and instailssHs
ana 1t shall be the duty of the Board y;
Directors to convene within ten S.o VI
another meeting Of stockholders for 0 ~
purpose OF electing directors, Of wb;a ae
meeting each stakeholder shall have thrsa
days prior notice in writing. The fa;nees
to elect Directors at said second maet;ns
shall likewise not dissolve this cornorss
ton, but the incumbent officers shrfI -
main IN ONCE and there shall be no elae.
ton OF directors by stockholders until ~
date OF the next annual meeting, '"e
The Directors, as soon as possible off,.
their election. shall qualify. take o aaser
and elect from among their numher
Pre- sldent, Vice-President. a Secreta-s
and Treasurer. The said Board ss.S
further elect each year a General Manacar
who shall be one of the members Of ss;a
Board, and who shall have the power sa ~
generally manage the business. Tba
Board of Directors shall have the no,ra owe
to appoint agents and employees, and md" ~
enact such bylaws, rules and Regulations
as they may deem necessary and Dronsr
for the conduct of the business of this cprl
poration, and in case OF a vacancy on ~.
Board OF Directors, or among the cficsrS
from death, resignation, removal or anv
other cause: the said vacancy shall r.
filed by the remaining directors at =
special meeting called Tor that pu,no.s
after three days notice thereof hss hsss
gwen In writing to the remaining members
ARTICLE VI.
| Except as otherwise provided In Article
Y. notices OF all meetings Of stockholde,s
for the election of directors or for am
other purpose shall be given in WRITING \.
the Secretary at least ten days before tn
date fixed tor such meeting and shall
ers or deposited in the mail, directed ~
each stakeholder to his address as thu
same shall appear upon the books Of ths
corporation. The said notice or any othas
notices required by this charter NAV he
waived Ia writing by any or all o}tSs
stockholders appearing as such upon fhs
BOOKS AZ all such meetings each stock.
either in person or by proxy. for esch
share OF stock owned by him a id standing
in his name on the books OF the Commas
and, except as herein otherwise provided
majority OF the votes so cast shall he
sufficient to elect or to decide any and ali
questions voted upon.
ARTICLE VII.
No stakeholder may offer for sale. assign
or transfer his stock in this Corporation
without giving to the other Stockholders
thirty days notice OF such intention, which
snail De gwen in writing to the President.
who sha thereupon Immediately commn'
nlcate said notice in writing to each and
every stakeholder OF record in the mamma
set out in Article vi for notice of stock.
holders meetings, and the other stoef,
holders shall have the first privilege Of
purchasing the sid stock at the bloL
value thereof for period of thirty dave
from the delivery of said notice TO tbs
PRESIDENT, after which thirty days said
stock may be sold in the open NJ arket.
ARTICLE VIII.
Except as to the increase or decrease ~
capital stock, which must be done in thu
manner and form required by law. th;s
act OF incorporation may be changed.
or altered, or the corpora,i,o
may be dissolved by vote Of thrsa.
iourths IN amount Of the capital stock
present. or represented at a meeting of the
called specially for that nnr.
pose, provided that in order to dissolve
he corporation at least a majority of the
ailtlre capital stock must be present or
% presented at said meeting,
ARTICLE TX.
Upon the termination of this charter
~ limitation or upon the dissolution az
ne corporation, the business and affairs
II tae company, shall be liquidated Inv
hree commissioners, elected from the
tochholders at general meeting called
OF that purpose: Said commissioners
hall have entire charge of the liGnidatinn
With authority to. sell and dispose of the
,ssets Of the corporation. and in case of
ne death or resignation Of commission.
7 during the term of bis duties. or in case
II MS falipre or refusal to act, the remain.
ng commissioners shall declare the office
acaht and shall elect a successor from
mong the stockholders.
ARTICLEX.
No s-ockhoider. shall ever be held liable
+ n any manner responsible for the con.
ractt or faults OF this corporation beyond
ny unpaid 6aiaGce that may be due to the
crbed for by him; nor shall any mere in.
orlnaiity III this act, or in the organization
I this company, have the effect Of render.
AZ this charter null or of exposing stock.
oiders to any liability beyond such un.
aid balance.
Thus doae and passed, in my office, at
rankin, Louisiana, on the day, month
resence of Murphy J. Foster aud
larry Feske, competent witnesses, who
ereunto sign their names with said an. III
carers and me, Notary, after due read.
lg OF the whole.
WILSON r. tPETERMAN, & shares
7. NJ. MILLING, 6 shares,
J. \. ,PErERIAN, shares,
: il. A. D0CSTALOT, 6 shares,
ROBERTS C..MILLING, 6 shares.
1itnesses:s ..-is
slURPHX J, FOSTER,
MARY FEsKE.
w. PRESCOTT FOSTER,
- Notary Public,
|, wv, e. Baker. District Attorney OF thA