The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1919-06-14
Snnoemen TO The St. Marv Saturday, June

ten (lUI days PRIOR - >ali meetings anu
the board Of directors shall appoint one or
more stockholders to preside AT Such eiec-
tion> a ON Hi>SOnerS In the event OF
the failure of any commissioner OF com
mls>inners 10 attend, the 'esident shall,
bv appointment. fill the vacancy. ANY
failure from any cause whatsoever 10
elect directors then in office. the officers
of said company, at that time sha'l hoii
over until their success RS are CHOSEN
In such vrnt the president snail cause
another election to be held withIn thirty
80, days and shall give notice thereof As
hereinbefore provided.
At every election AMI meeting each
stockh older shall be entitled To vote for
each share Of stock rrgG>t cred Ia his name
ani may vote by proxy,
The election of Directors shall be by
ballot and the majority in amount Of votes
cast. teach share of stock voted upon to be
counted as one vote }, shall elect the per-
son for whom they have been east.
After each election the board of dlrec-
tors shall elect from their own numoer
the officers OF said company
The officers of this company shall be
President Il Vice President. a Secretary
and Treasurer The offices of President
and Treasurer and secretary ana lreasur-
er NAV be h Id by one person.
ARTICLE
The Board of Director, shall have full
power TO fill vacancies IN their NUMBER,
| caused by death res gnailDn or otherwise,
| from among the stockhD l-ES or the cor
poratlon.
The board shall have full control OF the
| property Of this company and shall 50 con
! duct manage and Use SANE, as In their
! discretion they deem tit. and that is con-
sistenr with tue objects of this company
| or the welfare of the same, with the au-
| thoritv to frame and adopt such bylaws,
rules and regulations "a they may deem
| neces Sary for the conducting ana man
| agement thereof; provided, same shall
! not conflict with this charter or with the
! laws of this State or OF the United STATES
| ARTICLE VI.
| No stakeholder shall ever be held liable
| or responsible for the contracts or tauit Oh
this corporation in any further sum than
! the unpaid balance due to the Company
| on the shares owned by him; nor snail
any mere .nformalIty in the organization
| OF this Company have the effect OF rehuers
ing its charter null, or OF exposing any
stakeholder to any llaolllty Deyohd the
amount of his stock.
ARTICLE VII
The capital stock may be increased or
these articles or Incorporation amehdeu :
or the corporation dissolved, in the man :
ner and form provided for by the Con>tl-
tuition and Laws of the State OF Louisiana.
/ At general meeting Of the stockholders
> convened for any such purpose, after
thirty (3yl days notice shall have been
given OF such meeting by advertisement 10
ore of the newspapers published IN the
Town of Franklin, Parish of st. Mary
| Louisiana.
ARTICLE VIII.
| In case of dissolution OF this cooperation,
either Nv limitation of Its charter or from
any other cause the liquidation OF its ar
fairs shall be conducted by three I 3 co M
missioners selected from the stockholders
at a general meeting of stockholders, con-
vened after thirty 500 days notice shall
have been given, as above provided In
Article VII. =,
Said commissioners shall remain in office
until the atfa of said corporation shall
have been fully liquiiated.
In case of the death of one or more OF
said commissioners the survivor or sur
yiyors shall continue to act.
The subscribers hereto have written OPP
posite their name, the number OF shares
. subscribe for, so that this act may serve
AS the original subscription ut.
) Thus done and passed at franklin, Par
5 ish of 1t. Mary. louisiana. In the pres
encp of Luke J. Legendre and Miss OllVe
r Wise two competent witnesses OF Lawful
, age. and residents of the Parish OF ST.
M3ry. Louisiana, who her.unto subscrlo-
, ed their names together-with said parties
and me, Notary, on this :rd day of May,
| A. d., 1919.