The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1919-03-29

FBdCh intention TO sell. assign
the same Is given to the company ana tne
other stockholders. who shall have the
! first privilege OF purchasing same: after
| which ten days notice the said stock may
be sold in open market.
The capital stock of this corporation
may be increased to the sum Of Two Hun
bred Thousand $500 $4,000 Dollars.
The Board of Directors shall have the
right to determine how and when treas
ury stock shall be issued; provided. that
laid treasury stock shall be issued for
| cash or other valuable consideration and
never less than at par.
AR JCLEv.
The corporate powers Of this CORPORA
ton shall be vested in u Board OF Direc-
tors to be composed OF Three t3l Dtrec-
tors, three of whom shall constitute
quorum for the transaction OF business, to
be elected by the stockholders at 8 gene
raj meeting to be held on the first Monday
of March in each year. Notice OF such
election shall be given and delivered per-
sunaliy or by depositing In the pnstOffice.
! properly addressed to each stocKhcider at
least fifteen t16) Gays before such meeting.
The Board OF Directors shall have the
power to make al bylaws. rules and reg
ulations necessary for the conduct OF the
business and affairs OF said corporation.
and shall elect from their number Presi-
dent. Vice. President and Secretary.
Treasurer.
Until The election to be held IS herein.
above provided. the following shall con-
stitute the first Board Of Directors, viz:
Name Postofice Address
! Eugene Z. Taylor, Franklin, Louisiana
Warren Lyman Taylor Franklin. Louisiana
George u. Palfrey, Franklin. Louisiana
with Eugene C. Taylor, President; Warren
Lyman Tay Tor, Vice President; and George
| u. talfrey, Secretary Treasurer.
ho ss,.
creased to seven whenever the stockhold.
ers may 50 decide. and, In that event,
three Directors shall constitute quorum
for the transaction of business.
ARTICLE vi
This charter may be amended. the CAPT.
| tai stock increased or decreased, or this
corporation dissolved in accordance with
| the constitution and laws OF the state OF
Louisiana.
ARTICLE VII
So that This CHI ates may also serve the
pusnese OF and as subscription list. the
un1 )sgned organizers OF this corporation
haVe. respectively. subscribed for stock
therein for the number OF shares and
amounts respectively sc: opposite to their
signatures hereto. and the subscription to
| said capital stock of E. &. Taylor consist.
| ing, In whole. OF property transferred or
| To be transferred by him to this corpora
poration and to be read 10 connection
| Herewith. an accurate. detailed and item.
ICED description Of such property, as TO
amount, location: extent. character and
state of improvement. together with q
statement of its value IS appraised by the
directors.
Thus done and passed at Franklin, Par.
| ish Of St. Mary, State OF Louisiana. on the
day and date fret above written, In the
presence of Mrs. Alice b. Darnall and
Emmett Alpha, competent witnesses. who
have hereunto subscribed their names with
| the said appearers and me. Notary, after
due reading of the whole.
Signed) Eugene G.. Taylor, 800 shares
Franklin. Louisiana.
Warren Lyman Taylor. share
Franklin, Louisiana.
George ID. Pslfrey. 80 shares
Franklin, Louisiana.
Witnesses:
| ALICE B. DAREALL,
| ENMET ALPHA.
RENE H. HIMEL, Notary Public.
STATE OF LOUISIANA,
! PARISH OF ST. MARY.}
| I, the undersigned, Wilbur Il. Kramer, Clerk
of the 23rd judicial District Court of Louisiana,
| in and for the Parish of St. Mary, and ex-of-
| fcio Recorder Of Mortgages In and for the said
ct. Mary Parish do hereby certify that the
above and foregoing Is true and correct copy