The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-01-20

.l,ta. a .,,,iad p ai, He on 6sn,,i ..H
r,,rs -, VITA an at Vt rs,'. ''ts,
'ut Ie, ~ FrntiT's lien and priv 'iIsus,n.
~ ,"' - y 'r-Itss o. tn, pf,p,r,ss'',al
a. we y tae amount OF the h,nav' Ii,
"'.n ~ 'AfaFfs. All the o.h,r " %,
49, :" P'tr STIPULATED rate Of Ivy G
per anna fro n iase. s,id i,ts,.''est s'es
ne ~ N 'ath,y lnsrallm mt, ON -. py.
IN : st cNen lar day Of each IN M, ~ oetR,
c'rp ,Fa.'oNs otii ;e in Patterson Nv ~ H.
Ave pc: cent pr annlm Of ints..n Ii,
no IS, ,ft 10 Dear shall BE- Rrs, ist
N Ian app!taation, AMI to he s ,,;"ssePaa,
IN L. ics OF resale with ven lor's iv ..s
In this event that the propertv &c.,.
'eeuf'tv : nlt ovn,d BY t., h,.sssan
',pck u 'tder, tn IN the sam, sb.,l tsoHlug
en- i'c1 ov the cprporati,r in ia o, W Pun
out OF Tue funds - b lyauca n.a osni
the II 'rf'Sin5 sto;khoil,r sI:hpH.a9h
rem unInl then. or af,er ayr.el ua a'iat
PROVEN 'hts nave b,en paid: AZ =.
property to be then or subsenus ", , wi
TO MIN Tor tn am ,ull Of tn, IN" sha
tn event .! bDnu, bill thu ssiaaaia
LIN 'uat % ths DDals premiun ~
same terms an security a, r.i =. ns
provide /. IA tho resale Ut proo,rts
All Tees f,r abstract ,ri, not,,t.,
registers anl expenses ,arrei !, ni
praisihs property, IN king and c,n.,,n ~
'''n'' sntii BE- pNl ny the har."m,as
stock ii r. "'oWlaI
H'rroS!ns Stock mol ler's A.res,.,. Is.
An a cen mt sh al d, ent ,rsd ina h..
the tt'kh 'lier al l ths C DID ,r.tL,n vIMM
the stpiat'' pay II mt OF Install, .nu,o1soy
Sere@t ald pre- mia IL bonus snail hs
" t're " pty 1T IA Ia. NJ % a, an ,,.1AM,
u 'ite az 'ng AZ he reg ia 'ly pays ,,s "
II 'nf- lived br tls cIntrac an / =, iws ~
ia a. Is 81 tlt Obligations OF borrovinS 49,
hp'i'r' as rrovii IN tho Gu lrtsr MI W;
A5rr .meat; All if .,:red bv ths ~ lAa
a 'ldtr, Or relulrol in ANY indiyi,in ii 80. ss1
the board, whereby ropayln ,lts OF ths n.y.
loan, "a prosl u in Article Is hsreoi = ~. ~
N Me at st .ts Intervals 'A" "
frc,l,sure Pro :eedin..
II the VET I'll 1t ANY brrowiug staets,,a..
~ III II ARE IRIS an a'nIunt excseIin, sS.
Vaiae pi iiN II llv payments Of intrr.., ' Ne
pt SIX m m ili payments ~ Instalm M n.y. 8.
IT OF the 5r ed annd Il or Semi ANIMAL NJ.
ment5 on Dayton Stock or Of tn, svr.i y
III nthiy ptynt GA his premium M. =
violate. tn' Of THE obi /. ,tiors II 4 hornr;..
Stoakh older, then the SID note or nns. .aN
Dec" ~ at once. by Special resolution Of n.
B)ari of Direct duo aud exivibIs. 49,
penlity ani without putting in dfan. 8.
IN tlr tlil an ,'lnt, tnl the Board shall hs y.
thoriZ ii t, with raw the value of III. 49,
pledged 10 secure the loan. and after nnniin.s
ITS Mount according to Article OF this ch.ss
ter, to credit sail note or notes with ,hs y.
IA nin5 balance; AMI to Institute anuh I.v.,
M a.urrs a. ,'i'll be necessary u euioru psi.
ncit VITA interest, attorneys fees and c,ats
ARr4QLKll.
Cancellation Of Loans
Stock holders obta ning loans or advl,...
unSh their stock, AMI failing to tender .ar;s.
f'c,ory security Within thirty days after thu
Il tta ot tn, M I'll !, at which said loan was 40
Piled for, AL forfeit tho sane. prov,d, ID ii,
Board siiaI have ths right to extend the tim,
tor Satisfictny reaon|. and all casts, ctsreu
or expenses, together with the interest far 81
less than one m NTH, or Sucl Uthsr tim, a.
shall have elapsed, sh Ill be CHARGED u thu
stockhoider and b.. len against ii. shire.,
aud paid therefrJm ~ provi leu In Artcles(
and ! Of this charter.
AHrfCLEll,
Repealed and omitted from Charter
ARTICLE IL.
Repayment OF LOaua.
Any stakeholder, who has receive Ian q,
advance upon his shares, desiring to settle sad
iiquidat such indebtedness, may do 90 eshsr
in part or in whole; and if desired any ven
doris lion aud privilege existing against BID
property MY b; reduced prop Htivoatcly, III
ments. been reduced ono haa lred dollars 10
amount ole snare of the pledged stuck MAY "
Aurrend tred al cancelled.
FIR I'm t'me time, by special agreement q
in .corIince with his written ayrSauiolt, Z,
prJvil Il for in Article IL hereof, the CASH
Withdraw II value Of his stock payments ~ " 10
cred lted On his note notes, and tn ,reaftsF To-
toros, sh Ill be paid only upon the rem Under,
ARTICLE IA.
Npn LIABILITY Ut stock loluGr1.
NJ st Dckh older shNl ever b. held Liable NJ
re ,ponsible for the faults, cQutrActs or iulebt
edatss Of this c0rp)r ttl01 In any further sll
tn III tue am mat Of his p lid in subscripti ,pato
y c)rpDiaton, and " ien y hTrOvihg st0cg,
nolder, tho al lit nal liability " eas payment
Of his III lebtediess ~ secured by plsl,s Of
stock and rr,tl estate m ,rtyaR3; u 70 shalt asy
~ .re nj )rn hit, IN til org shi1 itibu ivs ths
effect Of zen lcriny this a;r null or oxp ElDS
stockh 'dar to aay liability beyond sud-
am cunts,
ARrICLEl5
Stock hOld.rs' Meetings,
At the request in writing OF tJu stockhdlsrs.
or when ordered by the Board OF directors,
the President sh al con y8no special mSetlnssG
StOc k!lolde ., giving thirty days notice ~ MI
and pablo ttiou; and at all such IN ,esings toos0
pres .nt anl repre- .sDtel shall constitute qah
p"SsosSJr To one vote, provided sumo mas oSea
in force sixty days pTsoedinx such '1ssank
ARTICLE IL.
Amendment " Charter.
This act of Incorporation Can % Ateleas
amended or nod fled, or the cJrpOfAtsoa dn'
solved by "A vote of thres fOurthJ Of ehe ahssN
present or .pre so 1ted At 81 annual mdeank
or a special meeting Of tn, stockholders, cos
vencd fpr TIT pdrDose, after thirty aAN ~,
ticc by publication and al. ihe csfs ~.
stock can be increased or decreased y ~
vote Of twD-thIrds of all the "a TcS 10 IoIvs,
represented at an aaau Al meeting, orr spvcsA
IN o.tinS convened f ,r that purpose, allsf 'u"'
~ dtys n1tice by M Ill and PUBLICATION"
ARrlCLEl7.
Liquidation
In the event of til dissolution OF tns os ~
rAti III b., limitation or otherwise, throe ~.
lo.lers Sn iii he eleotol by tho stookns'os.s -
= sp cciil aisetin, called for th It Purposo; ~
sh III act ~ u Bard of Liz iidAtors, sna III ~
p pwer IN a IN ,rity is hereJy vested u ~ -.
3 ,ri 10 spe .dily wind up anu 'iqluaso ~
1T yrs If "a cJrp'.ttiOh and Tor sucu Ps.xxs n
10 s.h tie property and assets thefeh, ~.
object All retsipt for all not''s ana Acco .s'
iue, lnl to institute such sultA asmAy - AZ Is,
try u emf ,rce stn1, aal ~ pay AZ wv III
le1teln ,ss iu- By the s5Jciatlou' u A"y wi. "a
. di,trIOalo the proceeds rem hnin3 sav.s Fl
he Sloc Aupidcr, III proportion u JUG
.heir hDhtlhg.. -, ,...
In the ,vt It Of any vacancy by doasn, .ess
laIion o. otherwise, Occurring IN NY -.
.iIuiI TORS. tn: 5A.ns sh al D l'iou ~ ..sck.
n aiming noin ,er- vt the Board from tne s"S~
lolicr,. - aha
In the cv .nt % Iqui iating the Affairs 0. IN
.or . ,rttiyl, ,rrIwinE stOckholdots. ~
ave tno right u repay their iosns ~" s.,,.r
;;,sh with trlH !, v.sltie OF tho psoAS0"
. pro vi led in 4 ,tlco Is hsrt0I. q. u.v
Th,s ia. al p..,e al Patterson, y AZ ,.i2
'arl. i, III on this ,thd. Of DeconoG';e
n til, nreS.tiri. i j. b san arena sno -.