The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-04-14

Ernest Du.aS lW?.eu
" alter >ImInOnneIuN, -o".'"
Total 400 :. 1900. 90
Treasury stock.
The remaining Two hundred wv"
ST res. belonging t" IN. coipo'a'ioh' NC
ing designated Treasury Stock. 70 be Is.
sued from time to time by the Board OF
directors to such persons and IN >uch
am ,unts "A, il may deem most adVaf'a
neou> to the corpoiatlon; To br paiu loi III
cash or other vrluaifle consideration
when issued. never less than ITS actual
value, As shown bv the books of the cor
puratlon. al me d.te OF Issuance. ana at
no time less than its par value of Fifty
Dollars $50. 90, per share.
Transfer Of stock.
lfauy stock shall be sold by its owner.
to any one else, or presented 10 Tue OF
ficer. OF the CORPORATION for transfer, IL
suaii first be rendered bv the holder tnere-
of to tue b0arl Of directors OF the corpo-
r,ti n, v 40 shall have authority to pur-
chase same at its book or market value al
that date to he considered as Treasury
stock and to he sold by the Board of III
rectors In the same manner as nefelh-
above provided tor Treasury Stock; pro.
y,d-d that if said Board OF Directors fail
within period OF one week: aiter sa,n
tender TIA, BEEN made, 10 avail itself OF It's
Oution to purchase. then the owner there
OF shall be at full lib rty TO sell same
other than to the Board Of Directors, or
10 nave same transferred to such pei sons
as he may designate.
No stock shall he transferred except on
the books Of the corporation, ana the per,
son TO whom the shares are so transferred
shall receipt for same.
on the death Of any stockhOluer his le'
gal representative shall be entitled t" as
sumo control of and transfer said stock to
his name.
stockholders Meetings.
Stockholders meetings for the election
of directors shall tie held annually AS pro.
ylded in toe charter. at the Oomcile OI
tn. corporation aud uO.ice thereof must
be delivered personally. or " dep sizing
in the Post Office properly addressed to
each stock holder. at least fifteen days be-
fore such meeting. At least TWO days be-
fore said meeting. complete list OF stock
holders, entitled to vote. eball be opened
to inspections by the stockholders at the
piac,. OF said meeting Other stockholders
meetings may be htll when ordered by
the Board Of Directors or the holders OF
Twenty-Five per cent Of the outstanding
stock. Notice oi All stockholders meet
ing, other than adjourned meetings shall
be given il The manner prescribed for
stock holders meeting tor the election OF
directors, unless such notice l. waived by
UNANIMOUS consent, provided that no no.
lice l. required v hen such naetlng Is adj
burned IL "A gwen date.
At all meetings OF Stockholders. each
stock holder shaft be entitled to one vote.
to be cast in person Or by proxy, upon all
questions of amending the act of lncOrpO-
ration; increasing or decreasing the capl>
tai stock. or dlssOiving the corporation:
upon All other questions presenting them
selves at AN, Stockholders meeting. each
~i,I, IL tn INT 10
for each share Of stock held 10y him, to be
cast in person or by proxy up to the
amount II ten votes and no nOt+. regard
less Of the number Of shares 10y him owned
in excess OF ten shares.
ARTICLE
Board of Directors.
All the powers Of said corporation shall
be vested in aud exercised by i'Oard Of
Director, to lie ccmt,o-ed OF n"t les than
three Nor more lhan fifteen Stockholders.
TO be elected annually on the FIRST Monday
in July of each year, except the first
Board arpvitten IN this Charter. who shall
bold tn. il Office until the first MOnha, IN
july, 1918 The stockhOlde's befoIe pro-
ceeding to elect "A Board of Directors at
e3cn annual meeting. shall hX The numter
thereof vi htr tie limits above prescribed.
a majority % wh"m shuIl c"p>tlt Re quo
rum. All such elections shall b.. held by
corporation unde, the sup vision OF three
comm - ioner>. 10 be appointed 10y The
Board Of Directors.
my vacancy occurring among The Di-
rectOrs BY death. resignation Or otherwise.
shall ne fined 10y election la" thr re".ain-
der of the term b. til. II .nan'hg lDirec-
tors. The trilur. 20 elect direct rs upon
the date aDuve specified shall not dissolve
the cor,"r atom "or impair Its p"Ia,e
management, but the directors tben III
office shall L, ma in office uniti their sue
ce -sOrs are elected aud qualified. The
board of Direc Ors shall elect from IN ir
number rre<ideDt. Nlce-fre-ident. n
secretary and treasurer the office ~ sec
Rotary aud Ireasurer can tie ne,d l., On"
and tie personj. Inc salG Boar.
may from time . time name and appoint
all such oih-r OH ;ers ANA agents Il, the.
may tee,n necessary fUi Ih- purt0sP aud
business Ut the cOrporatirn. hey shaIi
have the power to fix mud dehne th'
powers and uuil OF all other officers aud
employees auu Tx the sal lies II same
an.i AL Ulcers ANA employ ee> shall hob,
office ana tmil LII. Mt at the pleasure of
The Boaru. The Board may make ann
establish. AS well as alter and amcud any
and all 10y LAYS. rules amu regulations
necessary anil proper in its judgment fol
the conduct. supp r. and management OF
the business Aud 4h..irs Of said corp"i 4.
zion. ne Board shall have full powe
and authority 10 borrow or tOan money. to
EXECUTE on Receive mortgage and liens,
to issue bonds. notes aud other Oh iga.
tions, to create servitudes aud gene ally
to do all things reasonable, convenient
and necessary Tor the proper carrying on
OI the '.usiues> of the c"rpOrailm. Ev.r.
director in case OF his absence from the
Parish Of It. Mary or The >.are of Louis
lana. ehaIl have the power aud suth"rlt,
IN 1lf "a. "a ,fsf.I hni NA,.
member Of the EOhrd of Drec, ors. a. his
proxy to SIT In his li-u and cad ut all
meetings of tue Board of Directors. and to
represent him at such meetings rs fully rs
uvsyh no h.mssA were present, sush