The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-06-09

IL
Boar. of ri, retors shall have The power
r" ill 81 vacancies which MA, nccnr,
or any manner arise or be created
on the Board Of Directors, even though
n. quorum remain ~ the time such va
c.nri.s are t. be II lied. Failure to elect
Directors on tive date above specified
shall not dissolve the corp"rntion: but
ia. Oar, ctnrs then in ficr shall re-
II, va; IN fiji until their sue, r>s"s are
rI,,.It,l The Beard of DircCtUis shall
have. power 10 establish. as well as tier
.:a me H. all -, Jaws, rules and reg
IT ll> necessary AID proper Tor tao
slppnrt aud management IF the at airs
and business OF the t" poral,ul and
| no. Inconsistent with IT'S cha ter.
The Board ut Directors shall have
| the rower. by a vnt ot not less han
twu-,hrdS of All ,iiTtc,OrS, to SEA- All or
any part of the property. movable aud
immuyable. brtongIuG Ia the corpnHI-
| !,un * 10 rec we IN cxch tngc thtrcior
| m ne, ar stucA. Dr b in!S. or "tnrr rbil-
/ na,l" , If nnuiher initNidual, hrul, at
| CORPORATION any character, with 'ut
! &c. t,iiu. to the -naIet.ni,ierS f"r l"Wer
| 10 t,, So, The board shall nave poWcC5
/ Altuou referring to the stockh"iuers,
t. borrow money. execute mortgages,
| Issue notes. pledges. honhS. or o'her Ob-
| hstiiuis, III such AIN 'uuts hnd unucr
such terms as II theIi Judgment NAV be
Advantageous: and .ehtraIly 10 No all
things rcisonaoiy necesslr or co.,
! vt,iir Il far The proper carry ing IN OF
t;r business of the corporations, aud
t,r, are specially authorized IT, ISSUE
and deliver tuI paid Shares Ut stocks
| and bonds or other obligations of me
nmpaul III payment of property ac>
! Gulio! by said Corporation. and special
~ for the whole OF auy p..t Ut The b''s-
mess 40" operated Ivy the ". *. >'lAR-
DON COMPANY, at s,ch Valuation as
IN tneir Judgment ma. oe proper.
| A majority OF the Directors snail con-
| s;ilute d quorum for the transaction OF
bus,u,ss. At any ueetins Ut ,he Board
OF Directors, any Director absent FROM The
meeting may toe represented by amy other
| Director, who can cast tue vote OF tue
absent director according u the written
iustr Action,, either general OF special, OF
| satl absent Director.
Uutu tue aunual meeting OF 1918, the
Board Of Directors snail consist Ut tue
following:
Names Postoflice Address.
Mrs. l.. Il. SmardOn.. Franklin, La.
| ". h Smaruvn ............Fi aukliu, La.
| Charles Colt ..............tr dukllO Ia.
u the foregoing ". *. sin udon shall
be President, Mrs. l.. X. cularlUn, Vice.
presiuent, Charles GOtt, SECRETARY feA,-
| urer.
| ARTICLE vi.
| This act Of incorporation may be
! changed, mo iltied or amended, Vf THIS
corporation luay be dl,sOl. ed i'll the III IA
ner provided by law, by u vocs OF lwu-
! third, Uf the entire outstanding cspilal
stock, pVeseut " repre,eutsd, ut a2ene>
raj meeting OF tue stockholders convened
for sucn purpose, after prevlouA nutire
suali uave Ueeu gwen IL The lAauNer.A1vEo
| reQulreu u 10 given Ut the annual meet
lng Of inc corporation. The capital stock
Ut the corporation may be inc reaSeu or de-
creased by proceeding. in accordance with
tue laws Ut The State Ut LnulslanAr
ARTICLE VII. ~
! II this corporation shall be dissolved,
either by ll,llltatiOn or from any other
cause, Its affairs shall be liqu,datud by two
t2l CoMInlss Toner. to be appointed ut \
meeting Ut STOCKHOLDERS Convened tor tile
purpose Ut liquidation, aad to Ue elected
uy u vvte Ut ali the stuckhDiuers. Said
lluuluators eua:l remain III office untat tue
ali airs or said corporation snatfuive been
fully set,ied aud iIq Undated, auu tnev snail
have fItI power aud authority to transfer
anu give title to ait the property aud as
sets Ut the corporation, auu W utstrlDuLc
tue proceeds. Ii Case vi death, Disability !,
or ro,ignatl0u VI Que or III ,ce iiQul1atOrs.
! The vacancy sIaii be- hlleA oy,Ehe survi,oe
! Or survivors.
ARTICLE VIII. -
No stockholuer .uau wee be held liabie
/ or Responsible for the Contracts ur :fxuits
OF the corporation IN any further samaritan
al amount equaj to tie unpaid tt.laEce.Oi.
the shares Ut stuch owned by hin, nor
: shall any mere lnt0rmallty III orsAnizA.
: ton nave the effect Ut rendering thus Guar
e ter null or exposing any stakeholder to
/ any liability Otuer than 4, Abvve provided.
: And IN order that this charter NAY serve
As the original subscription list, toe suU>
scriber, hereto have Indicated opposite
: 1helr respective signature, and postoiiice
d address. the Number vi share, OF stock
subscribed tor by each OF them.
Thus done and passed a. my Office tk,
q day. uonth anu year first above writtna,
y In the presence vi Cevlua BOdrgeois aud
4 Lora Nihnei, competent witnesses, wnc
c nave nereuuto subscribed their names
c together with ue. Notary, and satu 80
e psarers, after due reading Of the whole
n Namss L. v. Address shares Of stool
n SUBSCRIBED 70
e Chas. Colt. Franklin. La. Fifteen tlo
> ". h. smardon. Franklin, La. Twenty:
r Olive Wrigatsmau Cot. Franklin; La.
!. Ten tl4I
q L. X. Smardou, Franklin, La, Twenty.
D five t.5y.
~ Witnesses:
4. LEVINA BOURGEOIS,
"a LORA ElHNkk.
AZ PAUL KRAMER.
Notary Public.
re --
D. CLERKS OFFICE, -
We PARISH Of 81. MARY. =,
i. 1, Wilbur Il. Kramer, clerk Of the DIR
~ judicial District Court. st. Mary Pariet
AZ Louisiana, tx -Uticio Recorder these1l
DO hereby certify tnat the above and Tore
trIte and correct cnnv NJ IN