The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-11-10


to the stock holders, TO borrow money. ex-
| ecute mortgages, issue notes, pledges,
| bonds. or other obligations, in such
amounts and under such terms as In their
Judgment may be advantageous: and gen.
orally TO do all things reasonably neces-
sary or convenient for the proper carrying
out Of the business of the corporations; aud
deliver full shares OF stocks and bonds or
other obligations Of tho Company in pay.
m-nt Of pr .perty acquired BY said corpo.
ration, and specially Tor the business now
operated by w. X. SmardOn Co Inc. in
Morgan City. La, It such valuation IS in
their judgment may be proper.
A majority OF the Directors shall con.
stitute y quorum for the transaction Of
business. At amy meeting Of the Board
OF Directors. any Director absebt from the
meeting may be represented by any other
Director, who may cast the vote of the
absent Director according to written in.
structiOns, either general or speciai, Of
said absent Director.
Until the annual meeting OF 1918. the
Board Of Directors shall consist Of the fol.
lewing: .
Names: PCstof1ce address.
Mrs. l. X. Smardon. franklin, La.
w. X. SmartfOn. -
hrs Olive Wrlghtsman Colt, " "
" the foregoing. W. K. |mardon shall
be President. Mrs. l.. h. Smartlon. Vice
President, Mrs. olive Wrightsmau Colt,
Secretary Treasurer.
ARTICLE VI.
This act of incorporation may be
chynEed. mOdjfed or amended, or this
corporation may be dissolved IN the man.
uer provided by law. by vote of two
thirds of the entire outstanding capital
stock present or represented. At . gene.
rYi meeting Of the stock holders convened
for such purpose, after previous notice
shall have been given in the manner above
OF the corporation. The capital stock of
the corporation may be increased or de.
creased By proceedings IN accordance With
the laws Of the State VI Louisiana.
ARTICLE VIZ.
II this corporation shall be dissolved,
either by Limitation or from any other
cause, its a1asrs shall be liquidated by two
III commissioners to be appointed At =
meeting Of stockholders convened for the
by vote Of oil the stockholders. SAID
llluiiAtors shall remxin in office until the
affairs OF the SAID corporation shall have
been fully settled and Iiquiiated, and
they shall have full power and authority
to transfer and give title to al the proper.
~ and assets vi the corpor alton. aud to
distribute the proceeds. IN case Ut death.
liquidatOrs. the vacancy shall be filed by
the survivor u survivors.
ARTICLE VIII
No stockhQlder shall ever he held liable
or responsible for the contracts or faults
Of the corporation 10 any further sum than
an smOunt equal to the unpaid balance on |
the shares OF stock owned by him. nor !
shall any informally IN organs AtlOn have |
the effect Of rendering this charter null or |
exposing any stakeholder t. any liability |
other than - above provided. |
And, IN order that this charter may |
serve ss the original subscription list the |
subscribers hereto have indicated opposite |
their respective signatures and p ostUii -. |
address the number Of shares Ut stock |
subscribed for BY each Of them.
Thus uOne and passed vt my Office this |
day. month and year first above written |
10 The presence " Ollie }. Hebert aud |
George $. Eells. competent witnesses. who !
have hereuntO subscribed their names.
together with me. Notary, and ssii up, |
pearers, after due reading Of the whole:
W. h. SmsrdOh Co., 1Lc., by w. K.
>mard"n. President, franklin. La. Forty.
Eight ~hares.
=. X. Smsrdou, Fralkiin, L., Four
hares.
L. x. snardon. Franklin. La, Four
shares.
Olive wdyhtsman Cot, Franklin. Ia.
oIe Shar9
c.as. COT, Franklin. Ia. Three Shars..
Y illnesses:
OLllD J. NE1UaT,
y. /. EVILS.
CHARLES L. WISE.
Notary tr.:;c.
=, .