The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1919-03-15
CHARTER
OF
THE I. {. TAYLOR COMPANY,
INCORPORATED.
UNITED STATES OF AMERICA, !
STATE OF LOUISIANA.
PARISH OF ST. MARY.

STATE OF LOUISIANA.
PARISH OF ST. MARY.
Re il know that. on this 18th day Of
the month Of February. in the year OF our
Lord Nineteen Hundred and Nineteen,
tefcre me, Rere II. Himel. Notary Pub
lie, In End for the Parish and State afore.
said. therein residing. and in the presence
Of the witrpSses hereinafter nemeh and
updersigned pt rsorall, c: me SDd sppehr'
ed the n rsrns y hose names are here unfc
snl.,crihed. Ill Of the fun age Of nt1"ri'!
spd rcsid. nis at ite Parish OF It Mary.
Glazed III: nvailirg themselves OF the
provi.ions Of the Act of the fgtslature OF
the State e ouisiana. being known ne
Act No. 49, of the Session Acts of 1914
they do, t,y these presents. covenant and
agree and bii d themselves. rs well as such
other persons ss may become hereafter as.
socisfed with them. in order 10 form and
In law for the objects aid purposes. and
under the stipuiaiions following. to-wit:
ART'CLEI
The name md title of this corporation
shall be The +. &. TAYLOR CON
PA>Y. INCORPORATED" and II shall
have and e. iay succession and existence
for peIial Of ninety mine L9a) years from
date hereof 1t shall have, enjoy and
possess al the powers. rights. privileges
under the law.
ARTICLE II.
The domicile Of this corporation shall
be 10 the Town of Franklin. Parish OF st,
Mary, State of Louisiana, where all the
citations and other legal process shall he
served upon the President. and in the
Gaze Of his absence upon the Vlce-Presi-
dent. and In case Of the absence OF the
vtce>Prefident, upon the Secretary-Treas-
urer thereof.
ARTICLE III.
The objects and purposes for which this
cof pora,ion Is organized and the nature Of
the buainess 10 be carried on by 1t are
herebv declared to he:
J.. To tuiId. construct. fit, equip. fur
nish. own. Iui chase. charter, use, operate
and payigaie heats. harges and vessels. OF
eii clatsea and descriptions, propelled by
eati. steam. electricity or Other power.
and 10 u.e and O,,erste the same in lawful
bus,npAr. trade. commerce dr navigation
upon the o. can. or upon sny seas guli..
harbOrs, bays. 1Bk5s, iivers, canals. or
other waterways. and IT, furnish facilities
for towing. hghterage ard transportation
upon such water.
end to engage in the business OF carriage.
transportation. storage and lading 81
freight. goods, wares and merchandise.
mails, property or passengers upon such
waters or waterways.
3. To construct buildings. bridges, ma.
cbinery. ships. boats, engines. cars and
other equipment, railroads. docks, slips.
elevators. water.wOrks. machine shops
electrical works, viaducts. aquedncts,
canal. and other means Of transportation.
aud to sell the same or otherwise dispOse
thereof or to maintain and operate the
anne. ;,
1. To construct, lease, own or sell
transportation line or lines by land or
water In any atate or country. subject TO
4 the laws af such stare or county. either
directly or through ownership OF stock OF
any c0rpofstinn. aud permit, constr uc'
provide, acquire. carry out, maintain. i'm
prove. manage, develop, contract. take
on lease or agreement. seti, lease. let, H.
cense to work and dispose Of the ssme.
5. To engage in, permit. conduct and
carry on the usiness Of ship chambers in
all It's branches. and to furnish and sup.
ply any and ali articles necessary, useful
or desirable In the navigation # ships.
steamboats, and other vessels. and provide
supplies thereof.
ARTICLE Nv.
The capital stock OF this corporation
shall be One Hundred Thousand $l00. OG0-
W iDOllars, divided into One thousand
tI.eOl shares of the par value Of One
Hundred l$lW.G0) Dollars each. No
transfer of stock shall be binding upon
this corporation unless same appears upon
the books thereof.
Any stakeholder shall have the right to
assign or transfer any share or shares held
BY him, prov ided ter days prior notice of
such jntenti0n 10 sell. assign or transfer
the same Il given to the company and the
other stockholders, who shall have the
first privilege Of purchasing same: after
whicf ten days notice the said stock may
be sold IN open market.
The capital stock Of this corporation
may be increased 10 the .um Ut Two Hun :.
dred Thousand t$2UO.NOU0J Dollars.
The Board of Directors shall have the
right to determine how and when treas.
ufy stock shall be issued; provided. that
said treasury stock shall be issued for
cash or other valuable consideration and
never less than at par.
AR iCLE v.
The corporate powers of this corpora.
ton shall be vested in q Board of Direc
tors to be composed Of Three q, i,irec-
tors, thee OF whom shall constitute q
quorum for the Transaction of business, to
30 elected by the stockholders at q gene
rel meeting 10 be held on the tIrst Monda.
OF March In each year. Notice OF such
election shall be given aud delivered per-
properly addressed to each STOCK holder u,
least dfteen ID l,;ays before such meeting.
The Board Of Directors shall have the
power to make VII bylaws, rules and reg
ulstions necessary for the conduct OF the
l.usinfss and sifaiis of said corp0r alton.
aud shall elect from their number Presi.
dent, Vice. President ami Secretary
Treasurer.
Until tho election to he held os herein
above provided. the following shall c1n-
stitutO The first Board Of Directors, ltz:
Name P0>i0ffice Address
Eugene q. Taylor, Franklin. Louisiana