The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1919-06-07

the stockholders who shall have tho
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 comp,pv
shall be vested in, and exercised bv
board Of three (3) directors, two ri of
said board shall constitute a quorum 10,
the transaction OF business. and ,bai-
decisions shall be valid corporate ac,o
| The stockholders may a, a regular mo.,.
ing. by resolution, increase the number Of
directors to five (5t.
The following persons shall constitute
the first board OF directors: Mr., u,rU
Deckeiman Clausen. William A, DertsI'
mann and James X. Parker son, with Mr.
Mary Deckclman Clausen. Il. Presideu, md
Treasurer; William A. DeckeIman ~.
VICE PRESIDENT anu Jas. K. Parkerson, as
Secretary.
No person shall be eligible as director n
an officer who is net a -tockh0lder in hi.
company.
During the absence of the President thu
Vice President shall act and preside.
said bosrd shall continue in Office until
the first Monday in January, 1920 =,
which date, and thereafter, annually. a
board OF directors shall be elected on Tho
first Monday Of Jansary of each YEAR
unless the same should be 4 holiday, then
the election shall be held on the next legal
day thereafter.
Written notice OF such election, adj Ire...
ed to each stock holder at his last knnwp
postoffice address, shall be given al least
ten COZ days prior to said meeting: and
the board OF directors shall appoint one or
more stockholders to presl lie at such eIec
tons as commissioners. In the event of
the failure OF any colnmis-ioner or com
misslnners 10 attend, the President shall
by appointment, hll 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 until their successors are chosen.
In such event the President shall cause
another election to be held within thirty
l3)l days, and shall give notice thereof a,
herelnDefore provided.
At every election AMI meeting each
,tockholder shall be entitled to vote for
each share Ofstock registered ia hi. name
and may vote by proxy.
The election of Directors shall be bv
ballot and the majority in amount OF votes
cast, leach share OF stock vote upon To h,r
son for whom they have been cast
After each election the board of direc.
tors shall elect from their own number
the officers of said company.
The officers OF this company shall be
President, Vice President, q Secretary
and Treasurer. The Offices of President
and Treasurer and Secretary and Treasur.
er may be b cid by one person.
ARTICLE v.
The Board Of Directors sh Ill have full
power to ill vacancies in their number,
caused by death. resignation or other wise,
from among the stockh )liers of the CDR.
poratiOn.
The board shall have full control of the
property of this company AMI shall 80 con.
duct. manage aud use SAM, as in their
discretion they deem fit, and that is con.
.istent with the objects OF thi. company
Dr. the welfare of the same, with the All.
.hority to frame aud adopt such by-Iaws,
rules and regulations 4, they may desm
necessary for the conducting and man.
igement thereof; pr0vi led, same shall
lot conflict with this charter or with the
avs of this State or Of the United States.
ARTICLE W.,
No stockholder shall ever be held liable
,r responsible for the c)ntract, or ftuIt IT
his corporation in any further sum thll
he unpaid balance due to the Cpnpaly
IA the shares owned by him; nor shall
my mere ;nfOrmality in tne org tuizitioa
}; this Company have the effect OF renders
NJ its charter null, or Of exposing any
to any liability beyond the
mOnnt Of his stock.
ARTICLE VII.
The capital stock may be increased or
hese articles Or Incorporation amenie1,
II the corporation dissolve |, In ths man.
Ter and form provided for by tn Consli.
utlon and Laws Of the State OF Louisi ana.
1t general meeting Of the stock holders
convened for any such purpose, after
nirty 1901 days nOtic3 shLil nav, been
iven of such meeting by alverti>nn ,nl ia
ne OF the newspapers published IN the
own OF Franklin, Parish of st. Mary,
louisiana.
ARTICLE VIII.
In case Of dissolution OF this c1p,r,iion,
ither 10y limitatl IN of It's caSrtsr or frDa
NY other cause, ths liz Iilatioa Ut its af>
airs shall be con tdcte by tire. glenn
nissioners seleete from the stock h1i lers
t general meeting OF Stockholders. con.
ened after thirty (sp dly, notice shall
ave been given, as above provt I'D Ia
Article VII,
Said commissioners sh al rem ain In o.h:s
ntil tue affairs OF sail c1rp)rltIol snLil
ave been fully llIildated.
La case of the death of one or mbre OF
aid commissioners th3 survivor or II.
ivOrS shall continue to act.
The subScrib RS hereto h ave written 0p.
oSite their name the mum Ier Of >nlreS
ub scribe for, 50 that this act may serve
$ the original subSc ip,iJn list
Thus done and passed at Franklin. Par
IN of st. Mary. Loui,iIul, IN the pres.
nee of Luke j. LcSendre and Miss Oilvs
Wise, two competent witnesses OF lawful
&c, and resident, Of the Parish Of st.
larry, Louisiana, who hereunto subscrib-
i their names. together with said parties
nd me, Notary, on this 3rd day OF May,
.. u. 1919,
amc. postoffice. No. Shares. Amount.
Lrs. Mary Deckel;nan Clausen, Foster,
La. IS shares S3,5JJUJ
lillian a. Deckelman, Centreviiie, La,
share sfUOJ
as K Parkerson, Franklin, Ia. |
share 3lnW
illnesses:
l.. j. LeGendre,
Olive Wise
arkiS Offca