The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-06-02


to fill all vacancies which may oc,.
or any manner arise or be cra,sd
on the Board Of Directors. even taouph
lno quorum remain at the time such w.
cancie> are to BE- filled. Failure TO elan
Direc ors on the date above specified
f shall not dissolve the corporatIou: I'm,
a the Directors tnen in office shall 70.
h main in office un,il their successors Ar.
t elected. The Boar of Directors shall
e have power to establish, as we'll Va Altar
and amend, all bylaws, rules and rsp.
ulatiOns necessary and proper for IN.
support and management of the Affairs
I aud business of the corporation. and
. not inconsistent with its charter
) The Board of Directors Shall have
the power, by vote of not less than
two-thirds of all directors, to sell all or
any part of the property, movab!e and
lmmovable, belonging 10 the CORPORA,
ton. or to receive in exch 'nge therefor
money or stocks or bombs, or other ob,i.
cations of another individual, firm. or
corporation OF any character, without
referring TO the shareholders for p,w.r
to do so. The Board shall have power
without referring to the Stockholders
to borrow money. execute Mortgages
issue notes. pledges, bonds, or other oh.
legations, III such amounts and nndar
such terms as in their iuigmeut NAV he
adv untaseous: and generally to do ALI
| things reasonably necessary or cou.
venent for the proper carrying on of
| the business Of the corporation; and
they are specially authorized to issue
and deliver full paid SHARES of stocks
aud bonds or other Obligations OF the
| Company, in payment OF property &C,
qulred by Said corporation. and special.
| ~ for the whole or any part Of the bus.
mess now operated by the ". X. STAR.
| DON COMtANI, at such valuation ~
in their Judgment may be proper.
A majority OF the Directors shall con.
sltute quorum for the transaction Of
OuSln>,s. At any meeting of the Board
OF Directors, any Director absent fro. n The
meeting MAJ tie represented by any other
Director, who can cast tne Vote OF the
absent Director according to tho written
INSTRUCTIONS, ritner general Or special OF
said absent Director.
Ultli the annual meeting Of 1918, 1.-THE
Board of Directors snail consist OF the
following:
Names Postotlice Address.
Mrs. l.. X. Smardon,..... Er4nkIiu, L..
W. X. Smardon............F FRANKLIN. La.
Charles GOtt ..............F Franklin La
vi the foregoing W. X. omardon shall
be President, Mrs. l.. K. Smardon, Vice.
President, Charles Colt, Secretary Treas.
urer.
ARTICLE vi.
This act Of Incorporation NAV be
changed, mo ilfed Or amended, or thus
corporation may be dissolved in the man.
ner provided by law, by u vote OF two.
tnlrd> OF the entire outstanding capital
stock, present OF represented, at q Y, ne.
raj meeting Of the stockholders couyvLed
fOr such purpose, alter previous no..cs
snail nave been given Ia The mauuer above
REQUIRED to be gwen OF the annual meet.
Ing of Che corporation. Tue capital stock
OF The corporation may be increased or d..
creased by proceedings in accOrdan CO with
the laws OF the State OF Louisiana.
ARTICLE VII.
Ii this corporation shall be dissolved.
either by limitation or from anV OLhor
cause, Its affairs snail be liquldated by twv
(2) commissioners to he appointed at
meeting Of stockholders convened for the
purpose Of liquidation, and to be eIscted
NY vote OF all the st0ckh JIders. said
ilquldators shall remain in office until tho
affairs OF said corporation snail have Deeu
fully settled and hquldated, and they snall
have full power ana authority to transfer
and give title to all the property and ~.
sets OF the corporation, aud 70 distribute
the proceeds. In case of death, disability,
or Resignation Of Que or more Iiuuldators.
Or Survivors.
ARTICLE VIII.
No stockhoIder shall ever be held liable
or responsible for the contracts or fauIts
Of the corporation in any further sum than
Al amount equal 10 the un paid balance on
Inc snares VI stock owned by MIN, nor
snail any mere informally IN organizs.
ton nave the effect OF rendering thus char.
Ter null or exposing any stOckhoiuar to
any liability Otner than u, above provided.
And in order that this charter may serve
Is the original subscription list, me sub,
,crIUers hereto nave Indicated oppost "a
.helr respective signatures aud posLurice
the number OF shares of Sio..k
subscribed for by each of them.
Thus done and passed a: nv otta..e IN.
lay, month and year first above xr,,,."
Il The presence OF Levina 30 <-peois anS
4ora klhnel, competent win,esses' wna
AVE nsreunto subscribed their names.
oXether with me, Notary and saIu Nm.
'earero, after due reading vf the whole
Names I. y. Address Snare. of strcL
go. ,,u subscribed for
=. n. onafuon. frN,klln, La. twenty.
five (2Ij
hive "riguts. Gott. Franklin, L..
:. \. S"arlon. Franklin, La, Twenty.
five l25A
Witnesses:
.EVINA hOElsGEOIS.
ORA kIHhEL.
PAUL KRAMER.
Notary Public.
,LEEbss OFFICE.
'AkISH OF 81. MARY.
l, Wilbur II. III .mer, Clerk of the 23rd
udiWaI District SQUIRT. st. Mary Parish,
4eWsisna. Ex-Ufi 10 Recorder thereof,
% herehy certify tuat the ABOVE and FORE
ouy Is true and correct copy Of the
fi.snal charter Of tue W. X. SNAKDDN
10, INC, AS On fiie and OF record 10 my
tlcs. duly Recorded III Book |. Record of
ncorp"ratlon>, un Ter Entry No. 10, Of