The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1919-05-24

ana n" treasury stock Shall be soil
until ten tl0l days prior notice be give,
me stockholders who shall have III,
'lrst privilege If purchasing same sf,e
winch ten days notice the sand trrssur,
stock may be sold in open marker
ARTICLE "
The corporate power Of this romn,n,
snail he vested in. aud exercised by /.
board OF three Gu directors, two RI 4
sad board shall constitute 4 quorum fo,
the transaction OF business. and tbo;,
decisions shall be valid corporate acts
The stockholders may st a regular meat.
ing by resolution, Increase the number q,
directors to i've fil. '.
The following persons shall constitu,s
+ the first board Of directors: SIR. NJ
Deckeiln "a Ciati>"n. William 4. Dsckel.
mann ana James Il. Patterson, with Mr.,
Mary DeckeIman Cllusen. rs President an;
Treasurer; William A. DeckrIman ~.
Nice-Frc>Ident and jas Il. Purker.on a.
Secretary. as
No person shall be eligible a. director or
an othcer who is not >t0ckholder in ~
company. WIS
Daring the absence Of the Presiden. III.
Vice President shall act aud preside. W
sad board shall continue 10 Office Unit,
the first Monday in January. 1920 a,
which date, an thereafter, annually.
board or directors shall be elected on The
hrst Monday Of January OF each yaar
unless the same should be holiday than
the election shall be held on the next leDai
day thereafter. e"
written notice Of such election. addres..
ed to each stakeholder AZ his last known
po>toice address, shall he given at Least
ten tloJ days prior u said meeting; and
the board of directors shall appoint one or
more stockholders to preside at such cleo
tons a. commissioners. In the event of
the failure OF any commissioner or com.
missloners 10 attend, the y esident shall
by appointment, fill the vacancy. Anv
failure from any cause whatsoever to
elect directors then in office, the officer,
OF SAID company, at that time, shall hold
over un.ti their success Drs are chosen
in such event the President shall cau,e
another election to be held within thirty
$50 days, and shall give notice thereof A.
herelnbefore provided.
At every election AMI meeting each
Stochholder shall be entitled to vote for
each share ofstock registered In his n me
an may vote by proxy,
The election of Directors shall be by
ballot and the majority in am)u It OF votes
cast, leach share OF stock Vote upon to b.
counted as one vote J, shalt elect the per.
son tor whom they have been cast.
After each election the board of drec.
tors shall elect from their own number
the officers OF said company.
The officers OF this company shall be
President, Il Vice President, Secretary
and Treasurer. The offices of President
and Treasurer and Secretary and Treasur.
er may be I'D by one person.
ARTICLE V.
W of oh h.,
power TO fill vacancies in their Number.
caused by death, resignation or otherwise,
from among the stockh d iers of the cor.
pOratOn.
The board shall have full contro OF the
property of this company and shall so con.
iuct, manage aud use SAM, as in their
discretion they deem fit, and that is con.
lstent with the objects of this company
,r the welfare of the same, with the au-
hOrity to frame and adj )pt such bylaws,
'ules and regulations AS they may deem
necessary for the conducting and man.
ge ment thereof; provi led, same shall
lot conflict with this charter or with the
avs of this State or Of the United States.
ARTICLE VI.
No st )ckh older shall ever be held liable
IT responsible for the contracts or fault Of
his corporation in any further sum than
he unpaid balance due to the Company
n the shares owned by him; nor shall
my mere informality in the org iuizaton
( this Company have the effect Of render.
ne its charter null, or of exposing any
tOckholder to any liability beyond the
mount Of his stock.
ARTICLE VII.
The capital stock may be increased or
hese articles or inc )rporati0n amended,
+ the corporation dis solved, ia the man.
lad
utl0n and Laws of the State of Louisiana.
It a general meeting Of the stockholders
onvened for any such purpose, after
nlrty t3Jl days notice SHALL nave been
iven Of such IN letting by advertisement ia
re OF the newspapers published in the
own of Franklin, Parish OF st. Mary,
louisiana.
ARTICLE VIII.
In case of dissolution OF this operation,
ither by limit I'll IN OF ITS charter or from
ny other cause, tn {, liquidation OF its af>
llrs shall be con tuctet by tire q Ic)m-
lissioners selectei from the stockholders
t general m eetiay Of >tockl)lIers, con-
ened after thirty t3Jj days n)tice shalt
ave been given, as above provided in
article VII.
Said commissioners sh all rem ala In otti ice
ntll the affairs of said corp )ratIon shall
ave been fully liquiiated.
In case of the death Of one or more OF
aid commissioner, the survivor or sIr.
iyorS shall continue to act.
The subscribers hereto b I'VE written OPP
o.ite their name; the num9er of shares
lbscribe fo:, 50 that thi, act may serve
5 the original sllbsc lp.ipn list.
Thus doue and passed at Franklin, Par
ID of 81. Mary. Louisiana. IN this pres
nee of Luke j. LeSendre and Miss Olive
Use, two competent witnesses of lawful
&c, and resi- tents OF the Parish OF st.
AIRY, Louisiana, who hereunto subscribe
1 their names. together with said parties
nd Inc, Notary, Oh this Bad day of May,
:. D., 1919,
Ame. postoffice. No. Shares Amount.
RS. Mary Deckelman CiLusen, Foster,
La, 3S shares $3.50 W
7illism A. Deckem,n, Centreviie, La,
share {iDU.UJ
as Il. Parkerson, Franklin, la.
share flQQW
illnesses;
l. j. LeGendre,
Olive Vitae.