The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-06-16

majority O: votes cast shall elect. rhA
| Board Of Directors shall have the power
to ill all vacancies which may occYr.
or any manner arise or be created
IN the Board nf directors, even though
In quorum remain u, the time such w.
c.nci-s are :" BE- til2d Failure 10 cleo,
Directors ga tt date above specified
shalt not 'ii.st.ve the corporNtiun; but
the Dir, ct'ts then IN office shall re-,
main in cthre uuli their successors ara
elected The Beard Of Directors shall
| have power To establish, n, we'll IS alter
and amend, all bylaws, rules and roy.
ulati"ns necessary aud proper for tns
support and management Of the affairs
and business Of the corporation, and
no. Inconsistent with its charter.
The Board of Directors shall have
the power, BY vote Of not lesa han
two-thir'is Of al! directors, to sell all or
any part OF the property, movable and
immovablc. belonging I" the corpora.
ton or to receive IN exchange therefor
money or stocks or mis-. or other obIi.
CATIONS Of another individual, firm. or
corporation OF any character, without
referring to the shareholders Tor pnwer
to do So. The BOARD shall hive powers
without referring to tue etockhoid.rs.
- borrow money. execute Mortgages.
issue notes, pledges. bonds, or Other on.
legations, III such amounts aud un.ler
such terms as in then judgment ma, be
adv ,nIageons; and generally to Il" ali
things reasonably necosslr, or co .
venleut for he proper carry ing "a OF
the business of the corporations; and
they are specially authorized to issue
and deliver iuii paid shares of stocks
and bonds Oh other obiixati,ns OF the
"mpan!, 10 payment ut property &C.
Quircd by said corporation. auJ SPECIAL.
~ tDr the whole "r ANY pot OF The bus.
mess nOA operated w the ". Il. lar.
DON CONtANE. at such valuation 10
IL their Ju igme.t mt ne proper.
A majority oi the directors shall con.
s;ltute 4 quorum for the transaction ui
BUSINESS. At any meetl.s IT tn Board
OF Directors. any Director ,b,enl from lhs
meeting may 30 ieprese uled Ny an. other
Director, whip eau cast the vots Ut the
absent director according to the writtvu
Instructions, either . utidt OF Special Of
said absent Director.
Until the annual meeting Of 1913, the
Board OF Directors suad consist Of the
following:
Names Pos; Office Address.
Mrs. l.. II Smurdun ...... Franklin. IA,
W. II >mtrdon. r. ankiin, La,
Cua'ie> GOT ......u Franklin, ia.
Vi tn foregoing n. >mlruuu sh All
lie President, Mr.. u. n. HmArdOn, Vice.
President, Charles uott, secretary Treas.
ureI.
ARTICLE VI.
This act Of inco,p ,rltion may be
change mo lined or amended, or tuus
curpurattuu may be dissolved in the m "a.
uer pro.lurd by law, by a vote Of Two.
thirds III the entire outstanding capital
stuck, present " represented, ut a gene.
Ia. meeting OF the stockholders conveuvd
for sucn purpose, after previous notice
suait have peea given Ia the manner above
required 10 be gwen OF the aunuai meet.
ing IT tue corporation. The capital STOCK
Of 'he corporation .ilat lie iucro seu or lie.
creased by proceeding. in accordance with
toe laws Of tue state Of louisiana.
ARTICLE VII.
Ii this corporation shall DO dissolved.
either by limitation or from any other
Cause, its affairs shall be ilQuidAted by t~u
90 commissioners to be appointed 1t =
meetlny Of Stockholders Convened for tue
purpose VI liquidation. aud to 10 eirctsu
ny vote Ut All the Stockholders. valid
I,quluatOrs shall r, main IN Office until tue
All air, Of said Operation suail have iced
fully settled aud IlQuldated, and they shall
have fun power anl authority to transfer
anu give tItle - all The property and A..
sets VI the corporation. and to uistrlUuts
the proceeds. La Case Ut death, DISABILITY.
or Resignation Ut Que or m IRE liuulda.urs.
The vacancy snail be hlleI ny the SURVIVOR
or Survivors.
ARTICLE VIII.
No stock holder shall ever he held liahla
or responsible for the Contracts or faults
OF the corporation IN any further sum than
ali amount cquu To Tue unpaiu uAlauce on
the SHARES VI stuck owned by niln, nor
shall any mere lntoriu@iIty in orgautza.
tlon nave the effect VI rendering TIL, Guar.
ter nun or exposing any stucEn older to
any liability other tuan a, apDvs provided
And III order that this cnarlet III Nv SERVO
As tue orlginui SUD ,crlp,iui list, Ine auua
scriDers hereto have Indicated opposite
their Respective signatures aud postotfce
address. the number Ut shares Of stuck
subscribed TOR Ivy each OF them.
thus done and passed a: my otflcs tho
day, month anu year first aUvv. written.
In the presence Ut Levlua lis .racyis and
LOra klhnei, Competent witnesses. wh,
have ncrcuuto subscribed their names,
together with me, NO,ary, un satu AN.
bearers, after due readiug Of the whole.
NAnes +. Y. Address Shares of stock
>, SUI ecri5ed for
I has. (@ott, Frapklin, Ia. Fifteen ia.
~. n. >'narlon. rrahailn, La. twenty.
tive t2jJ
olive "rlxuts;nau Gott, Franklin, La,.
len 10,
IL X. > mar ion, Franklin, La, Tweptys
tive CO..
illnesses:
LEVIN bOUkGEUIS,
LOLA kIHNEL.
fAtL KRAMER;
Notary Public.
CLERKS OFFICE.
PARISH OF ST. MARY.
l, Wilbur II Kramer. Clerk Of the .0ro