The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-12-01

Board shall have power, without referring
| to the stock iers to borrow money. ex.
| ccute mortgages. Issue notes, piedgs>
bonds or other obl.ati ms, IN sun
amount, and under such terms a> in their
! judgment may be advantageous; and gen
orally TO do all things Reasonably nece>
sary or convenient for the proper carrying
| out Of the business of the COZ poration; and
The, are specially Authorized to Issue and
| deliver full shares OF stocks and bonds or
| other obllgatl on> OF The ompany in pay
ment Of pr perry acquired by said c0rpD-
ration. and specially fnr the bu>iu now
operated by ". IL -mal'iou 90 Inc, IN
| Morgan City. La. at such valuation IS ~
| their ju iSnent may be proper.
| A maj GRITTY of tie directors shall con
siitutc a quorum for the II .ns.ctl,n u,
| business. AT any meeting OF the Board
| of Directors. any Direclor absent from the
| meeting may be represented b. any other
Director, Who m y east the vot- OF the
absent Director according to written i'll
struclions, elmer gene al or special, Ut
said absent Director.
UnliI The annual meeting of 1918. the
Board Of Directors snail CONSIST of the fol-
lewing:
Names: PCstoffice dlress'
Mrs. l. X. >mardon, Franklin, La.
w. X. >mardOn. =
.irs Olive Wrightsman Colt, Is
OF the foregoing, y. X. >mardon shall
be President, Mrs. l. ". Smafdon. Vice
President. Mrs. Olive Arightsman Colt,
Secretary Treasurer.
ARTICLE vi.
This act Of incorporation may be
changeu. modified or amended, or this
corporation may be dissolved III the mln
ner provided by law. by vote OF Two
thirds of the eutlfe outstanding capital
stock present or represented. at 4 gene
raj meeting Of the stockholders convened
for such purpose, after previous notice
shall have been given in the manner above
required to be given Of the annual meeting
of the corpDl,tlrn. The capital stock Of
the corporation may be increased or de-
creased by pr"cee iinssln accordance with
the laws of the State Ol Louisiana.
ARTICLE VII.
If this corporation shall be dissolved.
either by limitation or from any other
cause, it, aff isrs shall be liquidated by two
III commissioners to De appointed ut Il
meeting of stockholders convened for the
purpose OF liquidation, aud TO be elected
by vote of all the stockholders. said
llquidators shall remain in Office until the
affairs OF the SAID corporation shall have
been fully settled and liquiiated, and
they shall have full power and authority
to transfer and give title to all the proper
tv and assets OF the corp )ration, and to
distribute the proceeds. La case Of death,
disability or resignation Of one or ,nore
llquidator>, the vacancy shall be filled by
the survivor u survivors.
ARTICLE VIII.
No stakeholder shall ever be held liable
or responsible for the contracts or fault,
of the corporation in any further SUN Al
an amount equal To the unpaid balance OH
the shares Of stock owned by him, nor
shall an, informally iii organic .tlon have |
he effect of rpnd-ri this CHARTER uuit or |
exposing any stGckh0uer tu any liability |
other tban as above pr0vii led.
And, in order that this charter may |
serve As the original subscription list the |
hereto have inalca' Ell opposite |
their Respective signatures and pJstefii e,
address the number of sIafes OF stock |
for by each of them.
Thus uone and pissed ut my otlice this |
day. month aud year first above Written /
In TIE presence uf ONE }. HeUert aud |
GEORGE ;. cells, compete tent witnesses, who !
have hereunto subscribed their. names.
together with me. Notary aud said ap, !
peaTer>, after due reading Of the whole.
" Il. Smardun Co, Ihc., by ". X. |
>mardon. President. Franklin La tOrty-
Eight shares.
". il. >mardon. franklin, La, Four
>hares.
l.. i. Smardou Franklin, La, Four
shares
Olive Wrightsman Colt. Franklin. La.
Jne Share.
Ihas. Colt, Franklin. la. Three Shares.
Witnesses
OLLIE J iEBEkT,
j. l.. EELLS.
CHARLES l.. WISE,
Notary Public.
Dad A., ri