The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-06-23

or any mauucr arise u b. crGites
on the Board Of Director. even thoUIi
no quorum remain 1T the time such va
cances are To DC Tiled. Failure to cleo
Directors On the date abe"e speciilc'
shail not dissolve the cornaraiIon; bn'
the Directpr, then IN office sha,t re
main - office ua'ii their successors arr
elected The Board Of Directors shall
have po"er tn t>'a bl-l!, as we'll as alter
and nend. al bylaws. rijrs and res
ulat - necessary and proper i"r the
SUPP and manl ,,ement II the ait KS
an! business of the COOPERATION. an.
no innoasistent witt. its charter
1'ne Hua;d O, Ditcct,rs snail have
the power, b. Il vote of not less han
fu.u-thi,els If i.l! ELECTORS, to SCI. al OF
ANY part If tn. property. movable and
liam pvable. belonging IL the corpora
ton. or to receive IN exchange therefor
money or stocks or b nds. or other Obli-
sa.iu nt another individual, firm, or
corporation OF ANY character, without
referring to the shareholders for power
10 do 81. Ike Board shall have powers
without, referring To the stockio Iders,
to borrow money. execute mortgages,
issue notes. pie" Gco, bonds, or other OBJ
legations, in such amount, and under
sucl, terms as in ;telr judgment may be
advantageous: and generally to do all
things reasonably necessary or con-
venient for the proper carrying on OF
the business Of the corporations; and
tnev are special. authorized to issut
and Gei "er iu.l ia:.i ~:iItes of stocks
and bonds or .'ihsr un.i-utiOn, I'll the
Company. in ia. u Mt OF proper, &C.
qu!ttd by sail cnipuratlon. AMI special.
~ for the whole or any part of the bus.
Iness now operated by the w. X. oalAR.
DON COMPANY, at such valuation as
in their judgment may DC proper
majority OF the Directors shall con.
s:ltute quorum for the transaction OF
BUSINESS. At any meeting OF III Board
OF Directors, any director absent from the
meeting may De represented by any other
Director, who can east the vote OF the
absent director according to the written
Instructions, eitht: general or special! OF
said absent Director.
Until the annual meeting of 1918. the
Board OF Directors shall consist Of the
following:
Names lostoiiice Address
Mrs l.. X. Smardon,. 800. Franklin. La
". X. >marttun.. .......... Franklin, La
Charles COT .............. Franklin, La.
Ot tn foregoing ". Il. -mlrdou shall
4 President, Mrs. l.. X. Smaruon, Wee
t:esident, Charles Colt, cecretary-rreas .
urrE.
ARTICLE vi.
This act Of Incorporation NAV be
changed. mo lifted or amended. or this
corporation may be dissolved in the man.
ner provided BY law, by vote OF two.
third, Of the entire outstanding capital
stock, present or represented, at gene
raj meeting Of the stockholders convened
for ,uch purpose. after previous notice
shall have been gwen IN Che manner above
required to be given OF the annual meet
Ing Of tb. corporation. The capital stock
u the corporation NAV be Increased or de-
creased by proceeding, in acco-dan &c with
the laws OF the State OF Louisiana.
ARTICLE VII.
If this corporation shall be dissolved,
eitler ~ limitation or from any other
G u-e, it, affair. -aall be iiquiuated by two
81 commissioner, TO be appointed at q
n,-ttiiy OF stockholders convened for the
purpose Ut liquidation, and to ue elected
by vote of all the stockholders. SAID
ltuulQitors shall remain in Office until the
Affairs of sait corporation shall have been
fuHy settied aud Hquidated, and they shall
Raw futi power and authority to transfer
and give title TO all the property and as
sets VI the corporation, aud to distribute
the proceeds. In case of death, disability
or Resignation Of one Or mtie Iiquidators,
tte vacancy snail be filled by the survivor
or odft lVOrs.
ARTICLE VIII.
No stakeholder shall ever lie held liable
or Responsible for the contracts or faults
OF the corporation in any further sum than
an nliunt equai to the unpaid balance on
tue shares III stock owned bv him, nor
shall any mere informally in oryan;za>
tson nave the Feet OF rendering this cnar.
Ter null or exposing any stOckhoiier to
any liability other than as above provided
Ana In or"er that this charter may serve
Il tue Original adbscriptsod list. the suu-
sCi'Gefa hereto nave lnulcotel opposite
thc'c respective signatures ald poslofice
aduteso, the NUMBER OF shares VI stock
subscribed tor ny each Of them.
mus done and passed a. by Office the
DAY. month ami yeas irs. above written,
l. the presence Ut Lcvina Bourgeois and
Lord hlhuet, Competent witnesses, who
ha,e Aerrunto subscribed their names.
together with tIt, Notaf., an salu an.
pearer~, after tue READING Of the whole.
Mani L. U. Addres, Shares Of stock
subscribed for
has Gott Franklin, La. Fifteen I5,
W. h. ,r,srdou, Franklin, La. twenty.
five 20
Olive Wig Itsfian Gott, Franklin, La.
len ~
l.. K. slsrtion. Franklin, La, Twenty
FIVE Ca
y illnesses:
LbElAA BOURGEOIS,
LUltA kIHNEL.
PAUL. KRAMER,
Notary Public,
CLERKS OFFICE.
l., kl>H OF II. MARY.
|, "lip,.r II, Kramer, Clerk of the .5rd
.'un'c'a District Court. st. Mary Parish,
o'n-i8na. Ex-Oiiicio Recorder thereof +.
~ hereby certify tGat the apove and fore
s2iuS |, d true aud correct copy Of III /.
o1slhli Garter OF ne ". X. onAi.DUN
o.. INC, i, o. fife and Of record In nv
"iace, :t,iy fecct,ied in Book /. record Of
urpr iynrntrtu- ftrHpr Entry M ~