The St. Mary banner., 1917-11-24

Hoard shall hsve power. without referring
/ 10 the cAnviucrs. TO boro" money, ex-
! ect;te mUr;-sig Issue notas, pledges,
| bonds. or other obligations, in sucA
am,uuts and uuder such terms rs in their
Judgment may be advantageous: and gen.
erallJ Is 40 al thing, Reasonably ncccs-
| sarv or ccnvenjar@ for the proper carrying
| aut Of tne tusihess UftLe corporation; aud
! The xlc bppci ,liv authorized to issue aud
deliver full shares OF stocks and bonds or
| other otliyat,et> Of the Company W pay
mont of pr .perty acquired by said corpo-
rat,on, anG sp. clu!iy ior tne business nov
operated 10y ". X. Slnardon Co lac, In
| ..urgan ,'Itt La at such valuation as IN
| heir juIgment may be proper.
| ,n,lGit, o. as directors shall con
| sii.ute Is quorum Tor the tr.hs;, elton III
| business. At any IntetiaE OF the b. ard
| Of Directors, anv Direc,or absent from the
| mo, ling lnAy Du rep. uSeEted 10y auJ other
| pirectOr Who pa cast the vote OF the
i aU.eut director According t. written ia
| etruGtiOLe. cine; EeHeiat or special, OF
said absent director.
| I>.iii the aunu Il meeting OF l'iS. the
| ,.tarh of directors shall CONSIST Of the foi-
/ leaing:
| Name: Petofice address.
| urs. L. h. Sinaidon, franklin. La.
! W. *. SiHaruOn. p"
| hrh Olive Wrightsman Gott, 8
F, Of the foregoing, ". h. Smardon shall
! be fre,ident. Mrs. l.. IL. Sma.dOn. Vice :.
| President. Mrs. Olive Wrightsman Gott,
| Secretary Treasurer.
ARTICLE vi.
| THIS .:ct Of incorporation may be
cbsnyed, modified or amended, or this
corporation may be dissolved IN the man
| ner provided by law. by vote Of two
thirds OF the entire outstanding capital
| stock present or represented. at gene
! raj meeting cf the stockholders convened
! lur such purpose, after previous notice
! shall have been given in the manner above
! required to ne .iv-n Of the annual meeting
| OF the corporation. The capital stock Oi
the corporation may be increased or de.
ere Used b1 prnceeiingsl III accordance With
! the lave OF tho State OF louisiana.
| ARTICLE VII.
| y this corpocatlon shall pe di>soited
| either t,y limitation Or from any other
| cause, ITS ARAsis stall be liq quldated 10y two
! T. comm toner's TO he appointed At
meeting II stockholders convened for the
purpose ui liquid alton, and 10 be elected
| u, a vote of all the stockholders SAID
lquidatcrs hall remain in Office until the
| aff lIrs oi the sad corporation shalt have
| neen fully settled aud liqu,dated, aud
they shall have full power aud Authority
| to ,rln>fer aud give title to all the proper.
T., aaI 4 ~ets OF the corporation, aud to
distribute the proceeds. La case Of death.
lis ibiity or reHiynatlOn ut one or more
i,Qu .itOr-. the vacancy shall be filled by
the survivor Jr survivors.
ARTICLE VIII
No stockhoiter shalt ever be held liable
Jf respou,lUie 70: the contracts or fault,
III the CO. pc, i.,n in any further sum than
au anouns uquai 10 the unpaid balance Oh
lhu shares ~ sock owned by him, nor
snail an, informally IN organisation have
he effect vi re I'D rllg this Charter null or
exnp-tng m. etockho der to any LIABILITY
uluer tDan rs abUve prJvi lsl.
Ald, III order that thi. charter may
serve as the original subscription list The
-ubaufibe, hereto Laye Indicated opposite
lhei" respective signatures aud pDsiutIice>
a.die>s the number of shares Of STOCK
.ub>c, .h.d !nr ay each " them.
Thu, uone aud passed at my office thi>
,s, .ionth ani year first above written
In the presence Of Ollie J. Hebert aud
george ;. Eei.s. competen Witnc-se " a.
nsve hereunto subscribed their name-.
together Nth me. Notary. AID said ap>
.eartr>, after due reading ~ tue v hole.
~ H. smaruOR TO-, lLc.. by ". Il.
mardra. President, Eraukin. La. torty
Sight -hare>
:. Il. >mxrdou. Franklin, la, Four
hsre..
l.. Il. smardon. Frsnsiin, La, -Four
- ares
Onve Wrigbt.man Gott, FrankIin. La,
Uus Share.
thss. Gat.. Franklin. Ia. Three Shares.
Ni,nes>t.:
OLLIE itksEoT,
Il. l.. EELLS
CHARLES l.. WISE,
Notary Pubic.
r,1.:lo Co. <1,o U.,.~,~