The St. Mary banner., 1922-10-28

b''5'heSS. ne nrSt Board of Direc-
tH's and Officers Of this CORPORATION
nall consist Of the following of its
stockholders, all Of whom shall hold
office as such until their successors
have been elected and qualified:
Names: Pcstoffice Address:
J. A. Peterman, Franklin, La.
Geo. D. Palfrey, Franklin, La.
N. G. Huth, Franklin, La.
W. T. Palfrey, Franklin, La.
W. K. Smardon, Franklin, La.
P. Kramer, Franklin, La.
Chas. E. Fernandez, Centreville, La.
Nm. Schwan, Centreville, La.
H. II. Gates, Franklin, La.
Rene H. Himel, Franklin, La.
With j. A. Peterman, as President;
Ge0. D. Palfrey, as Vice President.
and w. T. Palfrey, as Cashier.
The members of all subsequent
Boards shall be elected by the stock
holders annually on the FIRST
TUESDAY of FEBRUARY of each
year. All such elections shall be bv
ballot and conducted at the principal
office of the corporation, under the
supervision of three commissioners
appointed by the Board of Directors
for that purpose. Notice of any such
election shall be given by written
notice mailed to each stockholder al
his Post Office address, not less than
ten days prior to such election. Each
stakeholder shall be entitled to one
vote for each share of stock stand
ing in his or her name on the books
of the corporation, to be cast in per
son or by written proxy. A majority
OF the votes so cast shall elect. Any
vacancy on the Board of Directors &C.
curing by death, resignation, or otn-
crwise, shall be filled for the remain
der Of the term so vacated by the
remaining directors. Any failure to
elect directors annually shall not
dissolve the corporation, but the di-
rectors then in office shall continue
to serve until their successors shall
have been duly elected and qualified
The Board of Directors named in
this charter shall appoint employees
as they may deem necessary. Each
succeeding Board of Directors shall
elect a president, one or more vice
presidents, cashier and such other
officers and employees as they NAV
deem necessary Immediately after
having qualified as such. The Board
OF Directors is empowered to appoint
from its members such committees
as 1t may deem proper, and to vest
them with any of its powers to be
exercised when the Board is not in
session, and subject to any require
ments which the Board may pres
cribe. All of the officers, employees
and committees shall hold office at
the pleasure of the Board of Direc
tors, and the Board shall define their
duties and fix their compensations
The Board shall have the right 10
make and establish, as we'll as alter
and amend, any and all bylaws.
rules and re gulations necessary to
the proper conduct of the business
OF this corporation.
ARTICLE V.
This act Of incorporation NAV be
altered or amended by the affirma-
tive vote of the holders of two-thirds
OF the capital stock Of the corpora
liot a; meeting of the stockhold-
ers neld after thirty days notice by
puDllcation IN newspaper regularly
ISSUED IN st. Mary Parish, and by
written notice mailed or delivered to
each stockholder Of record at his
latest known address. This corpora
tion tti!on may be dissolved by the aflirma
tive vote of the holders of three
fourths of its stock present or rep
resented q at a meeting convened for
.nat purpose, after thirty days no.
tice by publication and mail as re-
4uired by law. Such meeting shall
De convened by order of the Board .
On It's own motion. or on the written
request of a majority in amount of i
',tockholders. On the dissolution Of j
ms corporation by action of it's
its affairs shall be lio L
liaated by three commissioners, sell
'c5ed by a majority of the stock b
lolders present or represented at
ne meeting ordering such dissolu- NJ
ION. The time and manner of lioui-
latlon, the compensation of commits NJ
loners, and all other matters per-
aiming to the liquidation may be "
lxed and determined by majority
ote IN amount of the stockholders. v
Thus done and signed at my office
\ the City of Franklin, Parish
| St. Mary, State of Louisiana, on
he date first above mentioned, in
ne presence of Jeanne M. Becnel G,
no |. j.. Foster, competent wit D
ssses' who have signed these pres
nts' together with the said appear
$ and me, Notary, after due read "
g of the whole. Di
fol
anne: Address: No. of Shares: off
a, r. Peterman, Franklin, La. .s5 fol
+. Palfrey, Franklin, La. 40 he
Kramer, Franklin, La. 5 fol-
u. palfrey, Franklin, La. 20 OF