The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-05-26
majority Of votes cast shall elect. The

| Board OF Directors snail nave inc pOWot
to fill all vacancies which may Occnr.
or any manner arise or be created
on the Board of Directors, even though
no quorum remain at the time such va
cancies are to be filed. Failure 10 elect
Directors on the date above specified
lshall not dissolve the corporations: but
the Directors then in Office shall re-
main in office until their successors are
elected. The Board of Directors shall
have power to esta blish, as well as alter
and amend, all bylaws, rules and reg
ulations necessary and proper for the
support and management of the affairs
and business of the corporation. and
no. inconsistent with its charter.
| The Board of Directors shall have
the power, by vote of not less than
| twO-t thirds of all directors, to sell all or
| any part of the property, movable and
| immovable, belonging 10 the corpora
ton. or to receive in exchange therefor
money or stocks or bonds. or other obi
cations of another individual, firm, or
corporation OF any character, without
referring to the shareholders for power
to do 50. The Board shall have power,
| without referring to the stockholders,
to borrow money, execute mortgages,
issue notes. pledges, bonds, or other OBJ
legations, in such amounts and under
such terms as in their Judgment may be
advantageous; and generally to do all
things reasonably necessary or con-
venient for the proper carrying on OF
the business of the corporations; and
they are specially authorized to issue
and deliver full paid shares of stocks
and bonds or other obligations OF the
Company, 10 payment Of property ac-
quired by said corporation. and special
ly for the whole or any part of the bus
mess now operated by the W. K. SMAR-
DON COMPANY, at such valuation as
in their Judgment may be proper.
majority OF the Directors shall con-
s.itute quorum for the transaction Of
Duslnsss. AT any meeting Of the Board
of Directors, any Director absent from the
meeting may TO represented ny any otuer
Director, who can cast tue vote OF the
absent Director according to the written
Instructions, either general or special, of
said absent Director.
Until the annual meeting Of 1918, 1.-THE
Board of Directors shall consist Of the
following:
Names Postotfice Address.
Mrs. l.. h. Smardon, Franklin. La.
w. X. SmardOn. ......... Franklin, La.
or the foregoing W. X. Sinardon shall
be President, Mrs. l.. K. Smard0n, Vice.
president, Charles Colt, Secretary Treas.
urer.
ARTICLE vi.
This act of Incorporation may be
changed, mo tl6ed or amended, or this
corporation may be dissolved in the man
ner provided by Jaw, ny u vote OF two
Ghlrds Ut the entire outstanding capital
stock, present or represented, at a genes
raj meeting OF the stockholders convened
TOR suca purpose, after previous notice
snail nave been given Ia The manner above
required TO be given OF the annual meet
ing Of the corporation. Tne capital stock
II me corporation may he increased Or de-
crossed Dy proceedings in accordance with
the laws Of the State Of Louisiana.
ARTICLE VII.
If this compensation shan bs dissolved,
eituer by Limitation or from any other
cause, its affairs shall be iiquidated by two
~ commissioners JU Ne appointed at u
meeting Of stockholders convened for che
purpose of liquidation, aud 60 De elected
ny vote of all the stockholders. said
,,4uIuaturs suaii remain III office until Inc
All airs Of said corporation suall have been
GULLY settled aud Ilquldated, and tuey shall
nave Iuil power anu authority to transfer
and give title to all the property and as.
SETS Of the corporation. aud to distribute
lne proceeds. In case Of death, disability,
u Resignation Ut Que or luUre il4uIud. urs,
the vacancy snail be filled by the survivor
Or survivors.
ARTICLE VIII.
No stockh0luer shall ever be held liable
or responsible for the contacts VI faults
Ut the c0rpUratiun in any Alrther sum than
an amount equal to the unpaid DalaIlcs uu
the shares vi stock owned ny aim, nor
shall any ners inf0rMalltyan Organiza-
ton have the effect OF rendsrIng this char
ter null or exposing any STOCK colder to
Auy liability Otner tuan as ABOVE provided.
And III order That this CHARTER may serve
Is the original subscription list, the suU>
scrloers hereLO have Indicated opposite
weir respective slgnatures aud postOttice
address. Tie number OF shares Of STOCK
subscribed TOR by each OF tuem.
IAus done anu passed a. my office the
day, mouth and year first above written.
"a the presence Ut Levina Bourgeois aud
LOra Klhnei, competent Witnesses, who
nave nsreunto subscribed their names.
together with me. NJ. AIRY, and salu ap-
bearers, after due reading Of the whole.
Names r. v. Address Shares of stock
subscribed for
Jhas. Colt, Franklin, La. Fifteen lis
v. n. Snardon. Franklin. La. twenty.
Ten tlOl
Il. X. Snardon. Franklin, La, Twenty.
five (25l.
Witnesses:
.EVINA BUUiIGEOIS.
..OkA klHNEL.
PAUL KRAMER,
Notary Public.
CLERKS OFFICE.
rAklSH Of ST. MARY.
/, Wilbur H. Kramer, Clerk of the 23rd
Judicial District Court, st. Mary Parish.
LoulslSna, Ex.Oiiicio Recorder thereof,
10 hereby certify that the above and FORE
kDiug is q true and correct CODY Of the