The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1919-01-18
Al 1ICLE Nv.

Ar LILLE w.
Tie c3Iltal stock of this corporation il
hereby declared to he the sum Of Ten
I housand $4,000 00l Dollars. divided in
TO One Hundred CGol Shares of the par
value of One Hundred lSlWG0' Dollars
each: Of which amount sixty five lt0
shares of the Total amount Of IS 10 has
been subscribed and paid for. to-Wit, at
the exc cation of these presents.
The remaining Thirty five 10 Shares
Of the total amount Of - 100 20 shall be-
lcrg to the Cooperation, being designated
a. ir,aslIry ST. ok. to { ie.ueu from time
to tin lN the j.. ard Cf Directors to such
persons ind in such amounts as 1t may
uetn most adyaLtageou, to the CORPORA
non: TO lie paid for in cash or DINER val
ual lr .si'Itrallun. IS hen Issued, never
less tlani its actual value, as shown by the
books Of the col p0ration, at the cate OF Is
>uance and at no time less Than it's par
value of One Hundred (Sl0o 0Ol Dollars
per share.
If any stock shall he sold by its owner.
to any che else, or pres ehted 10 The officers
IF lie corporation for transfer, 1t III ii
first be rendered by the holder thereof to
the Board Of Iii ectors of the corporation.
v he shall have authority 10 purchase same
at its book or market value al that date,
TO lie considered rs Treasury stock. am. TO
lie cd ly the Board OF Directors in the
same u ai.uer4S ertiDabtVe prnNlnt d fOI
1reusurv >tCck; provided that If sand
Boaid Of Directors tail within u period o;
enc week after said tender has been made,
TO avail Itself # lis option TO puIcha>.,
then the oWLer thereof >Gail be at fun
iiteIty to set same other than to the
i,oard Of Directors, or to have same trans
fern ed to such persons as he may deslg-
nate.
NOstotk shall be transferred except on
the books Of The corp ration and The per-
son to v / ON the shares ale SO transfer ed
shall rec eiLt II same.
CD lie Gt alh Of any stock holder. his le-
gal reIIesentaIive shall lie entitled to as
sumo control of and transfer said took to
his name.
AKTIClEv.
J: Tie corporate powers of this corpO-
ration Il ali be vested in Board OF Din ec>
teas TO tie ccmpes' q Ct not more han
srv,I,Il stockholders and not less II an
tile 81 stockholders, a majority Of wbom
E;It c, rslitute a quorum; said Directors
to Il. Elected ut Il general meeting, to be
+, d "r be first I tuesday, in he month Of
Jul ~ e:tn Year. No person >Eali lie
{ gil, as : director uiti, SIS he ON rs IN bis
,vnIal.c me Cd share, fun paid, OF the
capital stock.
,; The Hoard of Directors shall have
the power to make all bylaws, rules and
re equations necessary for the conduct of
the business affairs OF said corporation;
shall elect from their number President
Vice. President, secretary and treasurer,
or may combine the office CT Secretary.
Treasurer.
3: Until The election to be held as here
irabo,e provided, the following shall con-
sti,ute the first Board OF Directors, viz:
Names: Post Office Address:
John A. harr, Berwick, St. Mary Parish,
Louisiana.
". +. bowman, Berwick, St. Mary Parish,
Louisiana.
A. H. Boudreaux, Berwick. St. Mary Par
ish, Louisiana.
E. A. Boudreaux, Franklin, St. Mary Par
ish, Louisiana.
Ed. j !. Ievie, Berwick, St. Mary Parish,
Louisiana.
CASTOR J.. ,Igur, Franklin. St. Mary Par
ish, Louisiana.
with John A, Pharr as President, W. F.
bowman as Vice president, and A. l..
Boudreaux as Secretary>Treasurer.
Thus done and passed at my office in the
Town of berwick, st. Mary Parish, Louis
lana, on the day and date first above
written. in the presence of j. Wood Chad
wick and Luke j. LeGendre. competent
witnesses, who have hereuntO su Inscribed
their names with said appearers and me-
Notary, after due reading of the whole.
The said appearers declared that the
subscriptions to the capital stock set Op-
posite TO their signatures hereto shall cons
sltute the original subscription list of this
CORPORATION, and is made aud subscribed
by each of them without reservation OF