The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1919-07-05

NO STOCK SnRll De 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 meetings 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 entitled
to vote, shall be opened to inspection
by the stockholders ut the place OF said
meeting.
Other stockholders meetings may be
held when ordered by the Board of
Directors or the holders of twenty-ti per
cent of outstanding stock. Notice to all
| stockholders meetings other than adj
journed meetings, shall be given in the
msnner prescribed for stockholders
meetings for the election of Directors,
unless such notice be waived by unani-
nous consent, provided that no notice
is required when such meeting is ad-
turned to given date.
AT all maetl@gs of stockholders, each
stockholder shall be entitled to one vete,
to be cast in person or by proxy, upon
All questions of amending the act of
corporation, increasing or decreasing
y fo1 Of nlxy,. Shn
porafioD; upon all other questions pre-
senting themselves at any stockholders
meeting, each stakeholder shall be en-.
titled to one vote for each share of
stock held by him, to be cast in person
Or by proxy, up 10 the amount Of ten
votes and no more, regardless of the
number of shares by him owned in ex-
cess of ten shares.
ARTICLE v.
BOARD OF DIRECTORS.
All the powers OF said corporation
shall be vested in and exercised by a
Board of Directors, to be composed of
not less than three nor more than nine
49, stockholders, to be elected annually,
on the first Monday in April of each
year, except the first Board appointed
in this charter, WHO shall hold their
office until the fret Monday in April, |
1920. The stockholders before proceed
ing to elect Board Of Directors at each |
annual meeting. shall tx the number |
within the limits above pre-
scribed, majority Of whom shall con-
sli'uie a quorum. All such elections
shall be held by ballot and conducted at
The Office of said corporation uuder the
v.,:..p Of r,VrStc
be appointed by the Board Of Directors
Any vacancy occurring am ,ng the
Directors by death, resignation. or
otherwise. shall be Oiled by election for
The remainder of the tern by the re-
naming Directors. Failure to elect
Directors upon the date above specified
shall not dissolve the corporation nor in
pair its corporate management, but the
Directors then in o.hce shall remain
Il office until their SUCCESSORS are elect.
ID aud qualified. The Board of Direc.
ors shall elect from among their nun
yer President Vlce-p President. u
'ecretary aud Treasurer (thc office Of
Secretary aud Treasurer can be held by
me and tho same pars ny. The Board
nay from time to time appoint al such
Ulcers and agents rs they may deem
necessary for the purpose aud business
# the corporation. They shall have
ower 10 fix and define the duties and
uwers of all other officers aud en- /
loyees, and tx the salaries of same,
nd all Officers aud employees shall I.
old office and employment ut the plea.
lre of the Board. The Board may
lake and establish, as we'll as alter aud
mend any and all bylaws, rules and ,
equations necessary aud proper in It's
i !gment for the cOn1uct, support aud
of the business and affairs
f said corporation. The Board shall C
ave full power and authority to borrow or 5
IAN money, t. execute and receive
Mortgages and liens, to issue bonds, o
otes and other oblsa.i us, 10 create Il
,rvi,ades and generally to do all things a
Convenient and necessary Of
,r the proper Garry lug on of the BUSH d
ess of the corporation. Every Direc- !,
VI in the casa Of his absence from the t,
arish of St. Mary, or State of LOUISE
ma, shall have the power and authority
, appoint, in writing, stockholder,
r any member of the Board of Direct
g, of the Company, us his proxy, to
t in his lieu and stea at all meetings,
the Board Of Directors, and to repre-
INT him at SUCH meeting, AS fully as
rough he himself We're present. Such
roxies must be filed with the Secretary
the Company.
ARTICLE vi.
LIQUIDATION.
Whenever this corpora,ioa may be dis 81
dyed, either by limitation or any other
use, lis aft airs shall be linniIa1e ed hx