The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1919-06-21


No stock shall be transferred except
on the books Of the corporation, and the
| person to whom shares are transferred
shall receipt for same.
On the death of any stakeholder, his
| legal representative shall be entitled to
assume control of and transfer said
| stock to name.
STOCKHOLDERS MEETING.
Stockholders meeting, for election OF
Directors shall be held annually as pro-
vided in the charter, at the domicile of
the corporation, and notice thereof
must be delivered personally or by de
posting in the Post Office properly ad.
dressed to each stakeholder at least
fifteen days before such meeting. at
least two days before said meeting. a
complete list of the stockholders en,ifl-ri
| to vote, shall be opened to Inspection
by the stockholders at the place of said
meeting.
Other stockholders meetings NAV be
held when ordered BY the Board OF
! Dir ctors or the holders G. twenty five per
cent of outstanding stock Notice to all
| stockholders meetings other than adj
lnurned meetings, shall be given ia the
manner prescribed for stockh DIders
meetings for the election of Directors,
unless such notice be waived by unani-
m Hs consent, provided that no notice
is required when such meeting is ad-
j 'urnod to IL given date.
AT all meetings OF stockholders, each
stakeholder shall be entitled to one vote,
t. be cast in person or b. proxy, upon
all questions of amending the act Of
nn Il
the capital stock, or dissolving the cor
pora'ion; upon all other questions pre-
senting themselves at any Stockholders
melting, each stakeholder shall be en-
titled TO one vote tor each share of
stock held 10y him, to be cast in person
Or by proxy, up 10 the amount of ten
votes aud go more, regardless of the
number of shares by him owned in ex.
cess of ten shares.
ARTICLEv.
BOARD OF DIRECTORS.
All the powers of said corporation
shall be vested in and exercised by IA
Board of Directors, to be composed of
not less than three nor more than niue
10 stockholders, to be elected annually,
on the first Monday in April of each
year, except the first Board appointed
in this charter, vino shall hold their
office until the first Monday in April,
1920. The stockholders before proceed
ing to elect a Board of Directors at each
annual meeting. shall fix the number
thereof, within the limits above pre-
scribed, a majority of whom shall con-
shall he held by ballot and conducted at
ho
of three commissioners, to
be appointed by the Board of Directors
Any vacancy occurring among the
Directors by death, resignation, or
shall be flied by election for
the remainder OF the tern by the re-
Directors. Failure 70 elect |
Directors upon the date above specified I
shall not dissolve the corporation nor i'm
pair its cUpurate m inagement, but the
Directors then in otfice sn.il remain
n office until their successors are elect.
ID and qualified. Tue Board of Direc.
,urs shall elect from among their mum
,er President. a Vlce-president. d
aud Treasurer Uhe office of
Secretary aud Treasurer Can be held by
me and the same person). The Board
nay from time to tame appoint all such
,tficers aud agents as they may deem
for the purpose and business
If the corporation. They shall have
power TO fix and define the duties and
bowers of all other officers and em-
,loyees, and nix the salaries of same.
md all Officers aud employees shall
lold Office and employment at the plea.
ure of the b ard. rne Bard may
make aud establish, as weit AS IL ter and
mend any aud all bylaws, rules and
equations necessary aud proper ia its
u igment for the conduct, support aud
Management Of the business and aft YRS
# said corporation. Tne Board sh ali {
ave full power aud authority to borrow or
pan money, t. execute and receive
mortgages and liens, to issue bonds
otes anil other OOiiga:i his, TO create
ervitldes an generally to do all things ..
convenient and necessar, q
Or the proper carrying GU Of the BUSH
ess of the corporation. Every Direc- ,
Dr. in the case Of his absence from the t
arish Of St. Mary, or State of Loulsi-
ma, shall have the power and authority
, appoint, in writing, u stockhoider,
r any member of the Board of Direct
rs, of the Company, as MS proxy, to
t in his lien An ,tea at all meetings,
the Board of Directors, aud to repre-
mt him at such meeting, as fully AS
Tough he himself were present. Sucn
-Oxies must be filed with the Secretary
the Company.
ARTICLE vi
LIQUIDATION.
whenever this corporation may be dis. a,
ivo,i. either Oy iimitt,ioa or any Other
u ". lis aft Lirs shaii ha liz liuuel IL,