The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1919-06-07

Board of Directors, or to have sam
transferred to such persons as he ma
designate.
No stock shall be transferred excer
on the books of the corporation, and tn
person to whom shares are transferre
shall receipt for same.
On the death of any tOckholder, hi
legal representative shall be entitled t,
assume control of aud transfer sale
stock to name.
STOCKHOLDERS MEETING.
Stockholders meetings for election OF
Directors shall be held annually as pro.
ylded In the charter, al the domicile OF
The corporation, and notice thcreo,
must be delivered per sonally or by de.
costing in the Post Office, properly ad,
dressed to each stOckhoder ut leasr
fifteen days before such meeting. A.
least two days before said meeting. Il
complete list Of the stockholders entitled
10 vote, shall be opened to inspection
by the stockholders at the place of sau
meeting.
Olhcr stockholders meetings may be
held wheh orderei by the Board o.
Directors or the holders CT twenty We per
cent of outstanding stock. Notice to al
stockholders meetings. other than ad-
iourned meetings, shall be given in TIT
msnner prescribed for stakeholder.
meetings for the election Of Directors,
unless such notice be waived by uuani-
nous consent, provided that no motto,
3 required when such meeting is ad-
burned to z wen date.
AT all meetings OF stockholders, eaci
stakeholder shall be entitled to one vote,
u be cast in person or by proxy, upo.
al questions of amending the act q
corporation, increasing or decreas:n
the capital stock, or dissolving the cor
pOra'loD; upon all other questions pre-.
sentlny themselves at any stakeholder.
me, ting, each stOckholder shall be en-
ttled to one vote tor each snare q.
stock held by him, to be cast in persor
u by proxy, up to the amount of tel
votes and no more, regardless of the
number of shares by him owned ia ex
cess of ten shares.
ARTICLE V.
BOARD OF DIRECTORS.
All the powers of sad corporation
shall be vested in and exerci -eI by Il
Board of Directors, to be composed |
lot less than three nor more than nin, |
81 stockholders, to be elected annually, |
N the first Monday in April of eacl. |
rear, except the first Board appointe,. |
u this charter, WHO shall hold thei |
,tiice until the first Monday in April |,
800. The Stockholders before proceed |
ng to elect Board Of Directors at eacl
.nnual meeting. shall fix the number
hereof, within the limits above pre-
cribed, maj 1rity Of whom shall con.
hall be held by ballot and conducted al
be office OF said corporation under thu
supervision OF three commissioners, t.
e appointed by the Board of Directors.
Any vacancy occurring am ing tn,
directors by death, s'gnation. OF
therwise. shall lie flied by election fol
1e remainder OF the ter by the re-
raining Directors. Failure 70 Cleo.
directors upon the date above specite1
hall not d ssolve the corporation uOr i'm
air it's corporate management, bat the
directors then 10 otice shall remain
Office until their successors are elect.
/ aud qualified. Tue Board of Direc.
,rs shall elect from am ing their mum.
or President, . President. q
ecrstary and Treasurer Qhe Office OF
ecretary aud Treasurer can DO held by
ne and the same person). The Boaru
ay from time to time appoint all such
ii GERS and agents as they may deem
ecessary for the purpose aud business
: the corporation. They shall have
over to fix and define the duties and
overs of all other officers and en-
|oyees, aad nix the salaries of same,
nd all filters ani employees shall.
old office and employment at the plea
ire of the Board. The Board may
AXE and establish, as we'll as alter and
mend any and All bylaws, rules and
.gu!ations necessary and proper in its
pigment for the conduct, support anu
of the business and AFFAIR."
said corporation. The Board shall
I'VE full power and authority to borrow Oh |
an money, to execute aad receive
ortgages aud liens, to issue bonds.
,tes and other oblga:i )ns, to create
rvitrles AMI gen orally to do all things
asonable, convehielJ and necessar,
r the proper carrying on Of the busi-
,ss Of the corp ,ration. Every Drec.
r in the case of his absenc. from th.
irish Of st. Mary, or State of Louisi-
ia, shall have the power and authority
appoint, in writing, stakeholder,
any member Of the Board of Direct.
8, of the Company, as his proxy, to
in his lieu an1 stea at all meetings,
the Board OF Directors, and to repre-
Mt him at such meeting, as fully as
ough he himse were present. Such r
oxies must be fled with the secretary
the Company.
ARTICLE vi. +
LIQUIDATION.
Whenever this corporation may be dis.
lved, either by linitatioa, or any other q
use, its affairs shall be liq1idatei by !,
rpA com mi al Anpt,s Ia ha |