The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1919-05-17

which ten days notice the said treasury
ocl,- may be sold in open market.
ARTICLE ".
The corporate power Of this company
shall he vested in. and exercised bY,
board OF three (3l directors, two ri Of
said board shall constltute quorum for
the trAnslction OF business, AMI their
decisions shall be valid Corpo-lte acts.
The >toekholder, may at regular meet.
ing. by resolution, increase the number OF
directors to i've o..
The following persons shall constitute
the first board Of directors: Mr. Mary
Dpckeman Clau>cu. William A Deckrl-
mann and James X. Pdrker> On, with Mrs.
rreisurer; William A. Deckelmin IN, as
Vice President and jas X. Parkerson, as
Secretary.
No person shal be eligible a director or
IN Oil GER who is net ~toCkhOlier i'll this
company.
Daring the absence of the President, the
Vice President shall act and preside.
said board shall continue in office until
the first Monday in January, 1920. at
which date, anI thereafter, annually, "A
board of directors shall be elected on the
first Monday OF January OF each year,
Unless the same should be holiday, then
the election shall be held on the next legal
lay thereafter.
Written notice Of such election, address
ei to each stockhold4r II his last known
postotiice address, shall be given at least
len QdJ days prior u said meeting; and
the board of directors shall appoint one or
more stockholders Z preSli lie az such elec.
tons Il, cDmml-sioeS >. In the event OF
the failure of any Commissioner or com
10y appointment. Il the vacancy. Any
tiiure from any Au>e whatsoever to
elect directors the~ n otfica, the o.ficar,
of sail company, = t'lt time, shall hold
over anil their Suece- rs are chosen.
in such event the president shall cause
moth II ELECTION Il he held within thirty
81 lays, and shall give notice there II as
herelnQefore provided.
At every election AMI meeting each
stockboder shall be entitled to vote for
each STARE of stock registered IN his n tne
ani may vote ny proxy.
The election OF Directors shall be hy
ballot aud the maj )rity in am IT OF votes
cast, leach share OF stock vote lpDn to be
counted as one vote }, shall elect the per-
,on tor whom they have been cast.
After each election the board of direc.
tors shall elect from their own number
the officers or said company.
The officers OF this company shall be
President. Il Vice Pfesid mt, Secretary
and Treasurer. rhe offices of President
er may be Nd by one person.
ARTICLE y.
The Boar1 of Directors shtli have full
oower TO fill vacancies in their number
clu sed by Ieath, reslgnatl N or otherwise,
from among the stoGth jl ierS of the COR
porattou.
The board shall have full control of the
property OF this company and SD I'll SO con-
tucL, manage and use sam, as in their
has al n kh,.N
,i,tcnl with tue oDj ,cts OF this company
1r the welfare Of the same, with the au.
hi ,itv t. anne AMI al opt such bylaws,
rules and reg llatt ms as they may deem
necessa t)r the condu sting and III IN
,gement thereof provi led, same shall
n)t conf ct with this charter or with the
laws OF this State or Of the United States.
ARTICLE vi.
NJ s.)ckhol Ter sh Ill ever be cid Ii lble
pr re Spon1i ble for the contracts or ftu't Of
this corporation in any farther sym han
the luplit batnce due ro the Co'4Daly
IN the shares Owned by him; nor SHALL
any mere inform Atty 10 the org luiz ition
u this C)mptuy have the Ell 1ct of rend RS
lng its charter null, or OF exposing any
,tOckh older to any liability beyond the
lnount OF his stOck.
ARTICLE VII.
The capital stock may be increased or
II the corporate IN dissolve |, in the m ~.
Ter and form provide for Dy tn. COusti-
luton and Laws Of the State of Louisiana.
vt a general III Getting Of the stock holders
convened for any such purpose, after
thirty t3Il days uotlc3 shut hiv. be,n
given Of such m setiIg by lvertis ,;nent ia
orc OF the newspapers plblishe in the
rown OF Franklin, Parish Of ST. Mary,
,.ouisltna.
ARTICLE VII.
In case Of dissolution OF this operation.
either ny iimtttti IA Of ITS GARTER OF fro'u
my other Cause, tn liz tilltioa Of its af>
ialrs shaLl be c3a Ia tie by thre ! lc>ln-
mi.siJners >electe fr9 u tue se3:k u iers
1t general m eelins Ut stock )l lars, con-
vrnej after thirty t') day, notice 81 alt
aave bean given, As above prVlIs in
Arti lie VII.
Said commissioners sh Ill re II lin II oil :e
until the ait airs of sti cDrpJrAtl0l shall
| nave been fully Iq Ii lated.
! La case of tn, Dc It'll Of one or more Of
said commissioner 81, ths survivor or sur-
! vlvors shaft continue to act.
The subscribers hereto Ii I'VE written OPP
! po-ite their names the num Der of shares
! subscribe for, 50 that this act may serve
! as the orl5 I'm Il sub,c lptiJn list.
! TnuS done aud passed at franklin. Par
] jsh Of 81. Mary. Louisiana, III tbs pres.
| ence of Luke J. Legsndre aud Miss U,iss
wise, Two competent WITNESSES of IA wat
! age, and resi- tents Of the Parish OF st.
! fury, Louisiana, who hersuuto subscrib.
( ed their II an rs. together wicn ,aii p ,rti IS
and me, Notary, on this 3;I day Of Nay,
| \. D., 1919,
| Name. postofice. No. Shares. Amount.
hrs. Mary Deckelman Claussn, Foster,
! La, JS shares SJ,oW W
! William A. Deckelmiu, Centreville, La,
5 share SiB.UI
/ Jas K, Parkersoa, Frluklin, la.
| share StW %
| Witnesses
I l. J. LeGanice,
Olive Wise.
Clerks 0fiG2,
/ ST M,ry Parish Louisiana.
J /, j. Wood Chadwick, BspItv Clerk Of tho
Bird la iicial Dist EnurL In AMI fIrLhr pAri d