The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1919-06-14
IA and all products thereof.

rolling stock drtdge boats ana otner
boat or boats necessary or convenient
for carving out the business OF tEls
COMPANY: to buy and sell sugar cane,
corn AMI other products ~ herein pro-
yided. for itself or through others, or
to lease any or all property owned bV
said co npany for the purpose OF grow
ing crops thereon, either with or With
out sugar house: to buy and sell all
products that may be grown III THIS
State, and especially To buy aud sell
sugar cane aud To manufacture same
into sugar, syrup, mpldSses "r other
products, and to sell or otherwise DIS
pose of said agricultural products
either in their original state or after the
same have been manufactured: To sell,
mortgage, hypothecate and pledge the
real estate or the products to be grown
thereon in accordance with the laws OF
the State.
In fact, said company shall have.
generally. full power and authority TO
acquire, hold, manage and dispose OF
property Of every kind pertaining to
SUCH business, and to do everything
necessary and proper TO the conduct OF
said business
ARTICLE III.
The capital stock of the said corpora
ton shall be Fifteen THOUSAND aud No
100 1918 900. 0O) Dollars, divided into
and represented by one hundred and
fifty (l5O) shares of the sum Of One
Hundred and No 100 (Slo0.00) Dollars
each, which said stock shall be paid for
in cash pr its equivalent at the time OF
the subscription, or the same may be
10, MA a
done or money or property actually
received by said corporations; provided,
that no stock shall te issued until the
consideration therefor has been recelv-
cd by said corporation
ANY stakeholder may sell assign or
transfer his stock in this corporation pro
vided that tent 0DdaIs notice "i such IN
tention to sci assign or transfer the same
be given the comuany, and the stock
holders thereof shall have the nrst PRIV
tIege of purchasing SAM. ai'er wh'ch
ten (l0) DAYS notice the said STOCK ma
be sold in open market.
This CORPORATION may commence DONG
-usines, AS soon as Ten Thousand
$50. 900 COY Dollars of the capital stock
shall have been subscribed tor and tht
unsubscrlbed stock remaining shall OF
held AS Treasury Stock.
And no treasury stock shall be solo
until ten tlO) days prior notice be givcr
the stockholders who shall have the
first privilege Of purchasing same, after
which ten days notice the SAID treasury
stock may be sold in open market
ARTICLE "
The corporate power of this company
shall he vested in and exercls ed by,
board of three (}) directors. two y o.
said board shall constitute quorum tol
the transaction of business. and thell
decisions shall be valid corporate acts.
The stockholders may al regular meet
ing, by resolution, increase the number OF
directors to i've co..
| The following persons shall constitute
the first board Of directors: Mrs Mar.
Deckeln ClauSen. William A. Deckel
mann and James X. Patterson, with Mrs
NARY Decke Gilman Clausen. as President ant
Treasurer: William A. Deckelnan, u
Vice President and Jas. X. Parkerson, a
Secretary.
No person yhal be eligible as director o
an officer who is not a -tOckholder IN tnl
company
During the absence OF the President, tn
Vice President shall act and preside.
said board shall continue in office unit
r the first Monday in January. 1920. a
, which date, AMI thereafter, annually.
board of directors shall be elected on tn
first Nonuay of Ian larV of each veal