The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-04-21
Total

Ernest Dugus, lOOUO
waiter slmmonneauX, 2oOW'
Total 400 .. 81, 600 %
Treasury Stock.
The remaining Two Hundred (2oo)
sh res, belonging t" III, corporation. be
ing designated treasury Stock. 10 be Is
sued from time to time by the Board OF
Directors to such persons ant IN euch
amounts AS il may deem most adVana
le"us to the corporation; TO be PAD Tor III
c,-h or other valuable consideration.
when issued. never less than It's actual
value, as shown bv the books Of the cor
no time less than its par value OF Flfty
Dollars TOO. co. per share.
Transfer of stock.
any stock shall be sold ny its owner.
to any one else. or presented TO the OF
ficers of the corporation FOR transfer, IL
snail first be rendered bv the holder there
of 10 The Koard OF Directors Of the corpo-
rat n. " 40 shall have authority to p'lr-
Chase same at its book or market value at
thai date. TO be considered AS Treasury
Stock aud e. be sold by the BOARD OF III
rectors in the same manner AS herein
above provided for Treasury stock; pro
vid-d that ii said Board OF Directors fail
within a period of one week. after sala
tender has been made, 10 avail itself OF Its
OF shall be at full lib r,y 70 sell same
other than to the Board uf DiI ectors, or
to have same transferred to such persons
as he may designate.
No stock shall be transferred except on
the books Of the corporation, and the per.
son to whom the shares are SO transferred
shall receipt for same.
On the death Of any stakeholder his Ie'
gal representative shall be entitled t." as
ammo nOntrnI ~ and transfor said stock to
his name.
Stockholders Meetings.
Stockholders meetings for the election
Of directors shall he held annually as pro-
vlded in the charter, at the domicile of
the corporation. and notice thereof must
be delivered personally, or by depositing
in the Post Office properly addressed to
each stock holder al least fifteen days be-
fore such meeting. At least two days be-
fore said meeting. a complete list OF stock
holders, entitled TO vote. shall be opened
to inspection by the stockholders at the
place OF said meeting Other stockholders
meetings may be held when ordered by
the Board OF Directors or the holders OF
twenty-five per cent of the outstanding
stock. Notice of all stockholders meet
ings other than adjourned meetings shall
be given ia the manner prescribed tor
stockholders meeting for the election of
unanimous consent, provided that no no.
tice is required when such meeting Is adj
jOurned To given date.
At ali meetings of stockholders, each
stakeholder shall be entitled to one vote.
to be cast in person or by proxy. upon all
questions Of amending the act of incorpO-
ration; increasing or deer easing the capi>
tai stock, or dissOlviDg the corporation:
upon all other questions presenting them.
selves at any stock hOiders' meeting, each
stockho shall be entitled to one vote
for each share of stock held by him, to be
cast in person or BY proxy up 10 the
amount Of ten votes and no more, regard
less of the number Of shares by him owned
in excess Of ten shares.
ARTICLEV.
Board Of Directors.
All the powers of said corp oration shall
be vested in and exercised by a BOARD Ut
Directors to he composed of not less than
three nor more than fifteen stock hOiders,
to be elected annual. On the first Monday
in Jul, of each year, kept the first
Board appointed III this Charter who shall
hold til il Office until the first Monday IN
July, 1918. The stockholders before pro-
ceeding TO elect Board of Directors at
escD annual meeting shall fix the numter
thereof within TIE limits above prescribed.
a majority ut whom shall constitute a quo
rum. All such elections shal! BE- held by
ballot and cu.duc ed at III Office of said
corporation under the sup rvi>ion of three
cOihml, ,ioner>. to be appointed by the
Board Of directors.
any vacancy occurring among the III |
rectOrs by death. resignation Or otherwise, |
shall De fiiied by election 10" the remain |
der of the terra b, tn. remaining Direc-
tors. The failure to elect direct RS upon |
the date above specified shall not dissolve |
the corporation nor impair ITS corporate |
hut the d. ecturs then in !
office shall rena in office until their sue
cessors are elected ard qualified. The |
Board of Directors shall eiec, from their
number resident. Vice President, Il |
Secretary aud treasurer eth. Office 1t Sec |
Rotary and IRE 'surer can he held by Onr |
and the sac person.. The said Board |
may from time ~ time name ana appoint |
all such o,h-r 9th ,ers a.,d agents as they
may Deem necessary fol the purpose and |
business Of the corporatioD- They shall
have the power to nix aud define the |
powers and duh. OF all other officers and |
employee. and fix the ssi.rie> Of same.
and I'll officers AMI employees shall hold
ONCE aud emplu! ment at the pleasure Of !
lne Board. The board may make and |
establish. as we'll AS alter aud amend any |
and al bylaws, rules and regulations |
necessary anil proper in if> ju'Ig nent for |
the conduct, support snd mauagement of |
the business aud s6atrs Of said corpora.
ton. Tue Board shall have full power
and authority 10 borrow or loan money. to |
execute or receive mortgages aud liens,
to issue bonds, notes and other obiga.
tions, to create servitudes and gene ally |
to do all things r-asOnatte, convenient |
and necessary for the pro, err carry ing on |
81 the business Of the corporation. Every |
director in case Ut his absence from, the |
Parish Vt It. Mary or the Stale Of Louis.
lana. shall have the power anal authority
tn appoint In writing stock older or any |
member Of the Board of Directors, a. his |
proxy to sit In bis lieu and siead at all |
meetings Of the Board of Directors. and to
represent him at such meetings as fully ~ !
tlNaeA 10 AupssA wsf> psssset. such