The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1919-05-31

ana ne treasury stock shall be sol
Until ten (l0) days prior notice be give,
he stockholders who shall have tn,
lrst privilege Of purchasing same, ate
which ten days notice the said trcasur,
stock may be SOLD in open market
ARTICLE ".
The corporate power OF this compao,
snail be s4sstessts skand exercised by.
'oard of Greesk directors, two (2i O
aid board Shay constitute a quorum TO
he~*nsnsactioM OF business, and thei
lscsloes shall Re valid corporate acts.
:The Stockholders may at regular mp.,.
iaX, by resSI utidn. increase the number o,
iiteStors tGaive (5E
The following persons shall constitute
ne hrst board OF directors: Mr., MARI
Dechelmtn Clausen. William A. Dsckel.
uann and James Il. Parker,on, with MI
Nary Deckeimau Cllusen. as Presiden, and
treasurer; William A. DeckeIm.n. :.
' ice President and Jas. L. Pnrker,on =.
Secretary. %
No person ,hall be eligible ~ director A.
IN officer who is not ,t0ckholder in III.
company.
During the absence Of the President. m.
Vice President shall act and preside.
said board shall continue In Office unti,
no i'st Mohiay III january, 1920, at
which date, and thereafter, annu.lIv
,oard of directors shall be elected an VA
irst Monday OF January of each va.r
unless the same should be holiday. Then
The election shall be held on the next l.o,i
lay thereafter.
Written notice OF such election. ad,lr....
ii to each stakeholder at his last known
postotice address. shall be given At l.,.t
en- (l0J days prior to said meeting; and
he board OF directors shall appoint one or
more stockholders to preside at such cleo
ions as commissioners. In the event Of
The failure OF any commissioner or com.
missiOners TO attend, the President shall
by appointment, Till the vacancy, Anv
failure from any cause whatsoever To
elect directors then in office the officer.
ot said company, at that time, shall hold
,yer until their successors are chosen.
In such event the President shall cau.e
mother election to be held within thirty
3Dl days, and shall give notice thereof ~
nereinbefore provided.
At every election and meeting each
'tockholder shall be entitled to vote tor
Zach share Of stock registered in his name.
tnd may vote by proxy.
The election of Directors shall be nv
ballot and the majority in amount Of votes
last, leach share of stock voted upon to be
counted as one vOtel shall elect the per.
son for whom they have been cast.
After each election the board Of direc.
ors shall elect from their own number
he officers OF said company.
The officers of this company shall bes
President, Vice President, a Secretary
md Treasurer. The offices of President
md Treasurer and Secretary and Treasur.
er may be h Did by one person.
ARTICLE V.
The Board of Directors shi have full
power to fill vacancies in their number.
;auSed by death, resignation or otherwise,
rom among the stockholders Of the cor.
The board shall have full control Of the
property of this company and shall so con.
luct, manage and Use SAM, as in their
they deem fit, and that is con.
istenr with the objects Of this company
II the welfare Of the same, with the au-
ules and regulations as they may deem
necessary for the conducting aud min.
cement thereof; provi led, same shall
lot conflict with this charter or with the
avs Of this State or Of the United States.
ARTICLE VI.
No stockholder shall ever be held liable
'r responsible for the contracts or ftuit Of
his corporation in any further sum tn IN
he unpaid balance due to the Company
ii the shares owned by him; nor shall
my mere :nformality in the orr .nizati9u
x this Company have the effect Of renders
ne its charter null, or OF exposing any
tockholder to any liability beyond the
monnt of his stock.
ARTICLE VII.
The capital stock may be increased or
hese articles Or Incorporation amended,
II the corporation dissolved, in the man.
Ter and form provided for by tn. COnsti.
utlon and Laws Of the State OF Louisiana.
vt general meeting OF the stockholders
for any such purpose, after
Iirty t3Ui days notice shall have been
,iven Of such meeting by advertisement ia
ne of the newspapers Published ia tho
Town of Franklin, Parish OF st. Mary,
Louisiana.
ARTICLE VIII.
In case of dissolution Of this copor alton,
either Dy limititi "a OF Its CHATTER or from
my other cause, tn. liquidation OF its af>
airs shall be c0u lu1teI by three 81 Ic1m-
nissioners selecte from the stock n0iJefs
It a general meeting OF stock holders, con.
'ened after thirty t3J} days notice shall
AVE been given, as above provided in
Article VII.
Said commissioners shall remain in OH 70
Until the ait airs OF said c)rp,ration shall
lave been fully liquidated.
Ia case of the death Of one or more OF
aid commissioners the survivor or sur
'ivors shall continue to act.
The subscribers hereto b ave written Op.
,osite their name; the mum Jer Of shares
ubscribe for, so that thi, act may serve
IS the original subscription list.
Thus done and passed at Franklin, Far.
sh OF ST. Mary. Louisiana, IN the pres.
nee of Luke J. Legendre and Miss Olive
Wise, two competent witnesses OF laWlul
ye. and residents OF the Parish OF st,
Iary, Louisiana, who hereunto subscrib-
d their names. together with said parties
nj me, Notary, on this Bird day OF May
|. d., 1919.
Jane. postofIice. No. Shares. Amount.
Irs. Mary Deckelman Clausen, Foster,
Ia ~ shares S9,SO.W
William A. Deckelman, Centreyile, La.
l share $lUO.W
as K. Paterson, Franklin, La. !
share $iVo"S
Witnesses:
L. j. LeGendre,
Olive Wise