The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1918-04-13

corporation il organized and the nature OF
the business to be carried on by it are
hereby declared to be:
l. To engage in the cultivation and
selling of all farm and plantation products
of every nature. kind and character
to buy, lease or acquire such real proper
ty as may be necessary to properly conduct
and prosecute said business.
z. TOtmprOve, manage and operate real
property; to develop real property gene
rally, to buy. deal, sell and exchange and
mortgage real property, to rent or lease
real property, improved or unimproved;
to loan money upon real property and take
mortgages and assignments Of mortgages
Of the same.
3. To acquire by purchase, lease, ex-
change or otherwise, plantations, lands or
any interest therein. machinery. tools and
Instruments; to acquire, construct aud
operate sugar and other plantations, su-
gar or other redneries, buildings, syrup
mills, syrup canning outfits, TO plant, cul-
tivate and deal in sugar cana. corn, rice,
maize, potatoes or other farm products; to
carry on the business OF manufacturing,
producing, refining, adapting, preparing,
buying. selling and dealing IN, and ship
ping and transporting sugar cane. sugar
moiasses, syrup and all products thereof,
to make and execute crop liens and privi>
J
property and borrowing money thereon,
by mortgage or otherwise.
1. And generally to do all things neces.
sary and proper pertaining or incident to
such business.
ARTICLE w.
The capital stock of this corporation is
hereby declared to be the sum Of Five
Thousand One Hundred Dollars, divided
into ffty-0ne (5l) shares OF the par value
of One Hundred Dollars each, and this
corporation shall be operative and go in
to business and become q going concern
when the said City one shares Of its Cap
ital stock shall have been subscribed and
paid for, tO-wit-at the execution OF these
presents. No transfer Of stock shall he
binding upon this: corporation unless
same appears upon the books thereof.
No stock holder shall have the right to
assign or transfer any share or shares
held by him unless he shall have first Of.
ferel same In writing, to the B0arl of
Directors, which shall have the right to
purchase same within ten days thereafter,
az the valuation determined BY the Board,
aud in case OF dissatisfaction As to the
price, the matter shall be arbitrated. on.
arbitrator with the powers Of amicable
compounders to be appol1ted b. each side
and an umpire to be selected by those
two, who shall take oath, and whose de-
cision shall be fnal. aud no reference to
the Courts to be- hereafter allowed. Aud
ali shares Of stock when SO purchased may
be re.issued at not less than par.
The capital stock Of this corporation
may be increased to the sum of Fifty
Thousand Dollars.
AkTICLEV.
The corporate powers OF this corpora
ton Shall be vested in q Board Of Dir c.
tors to be composed Of three l3) directors,
two Of them sh Iii constitute quorum for
the transaction Of business, to lie elected
by the stock holders ut 4 general meeting
to be hell on the first Monday III February
Of sacd year. The Board Of Directors
shaft have the power 10 make all by Flaws.
rules and regulations necessary for the
conduct Of the business al ,irs OF said cor>
t,orAtioo. and shall elect from their mum
ter President = Vice President aud
Secretary Treasurer.
Until the election to be held as herein.
above provided. the following shalt con.
ssttute the tirst Board Of Directors:
Name. Postotice Address
Mrs. Emma Z. Martel. franklin. La,
Gabriel Is. pecol, Caarenton, La.
Albert tecUt, ChArenlOn, La.
vi 4 Mrs. Emma z. Martei. President,
Gabriel b. Pecoi, Vice. President. aud AL.
bert lAecDt, Secretary treasurer,
ARTICLE vi.
50 that this charter may also serve the