The St. Mary banner., 1922-10-07

! tD To acquire by purchase
. tease, exc mango or otherwise plantq-
tiona, lands Or any interest therein
Maehinery, Tools and iI.styu. ar :,
20 acquire, construct ana operate
sugar and other plantations. sugar "
other reiineries, buildings, r.lls, fae-
torres, d1stIlleries, paper l. His, OF!
"et.5 and other WORKS; to plu,.t, Gu
tIFate and deal in sugar cane. maiZa
or other crops; to buy, acquirc
build, possess, rent or sell QwelIing
houses; to own, lease or otherwise
acquire stores, and to DO a general
merchandise business; to carry on
the business Of manufacturing, pro-
ducin~, refining, adapting, prepar-
ing, buying, selling and dealing in.
and shipping and transporting sugar
care, sugar, molasses, syrup and all
products thereof; tc make all moru-
cages OF real property and borrow
ing money thereof by mortgage or
otherwise, the toaning OF money up
on rt2l property and the taking OF
mortgages and assignments Of mort
cages Of the same.
t-.t To carry on the business Of
Warc1ousing and all business neces-
sary and implicitly incidental thereto.
l3) And generally to do all
things necessary and proper pertain
ING or incident to such business.
ARTICLE ".
The capital stock Of the said cor
poTat.on shall be THIRTY THOUS-
AND $3.50 ,000.O0) DOLLARS diyid
ed into and represented by Three
HunCted 5000 shares of the sum o.
One Hundred ($I00.00D Dollars each,
which said stock shall be paid for
in cash at the time of subscription.
e. q the same may be issued, at not
lfsa tnan par, in payment or eX-
chah9e for property or rights ac-
tuaIiy received or purchased by said
corporation, or the same may be is
sued, tull paid, for money advanced,
ard tor such other valuable consid-
eratlons or services as the Board Of
determino Rrer,9rs OF said eorpoarfatG6" paf t6 stock
shall he .issned Until the ccnsidera-
ton therefor has been received BY
I'll 'aU Corporation. No transfer of
stock shall be binding on this corp
Grafton unless same appears on the
books thereof.
Any stockholder may sell, assign
or transfer his stock in this corpora
ton provided thirty 800 days no
tlce prior of such intention to sell,
assign or transfer the same be given
the company, and the other stock
helders thereof shall have the first
Of purchasing same, after
which thirty days notice the said
stock may be sold in open market.
The capital stock of this corpora
tlon may be increased to the sum
of ONE HUNDRED THOUSAND
G. NO-100 (S1OO,0OO) DOLLARS.
ARTICLE V.
The corporate powers of this cor
poration shall be vested in a Board
Of Directors to be composed of four
az Directors, three (3) of whom
shall constitute quorum for the
transaction of business, to be elected
by the stockholders at a general
meeting to be held on the first
Tuesday of February, in each year.
The Board of Directors shall have
,he power to make all bylaws. :
rules and regulations, necessary for
he conduct of the business affairs
VI said corporation, and shall elect
rom their number a President,
VicePresident, a Secretary and
Treasurer; any two of said offices
nay be combined by vote of the
Directors.
Until the election to be held as
lereinabove provided, the following
;hall constitute the first Board Of
Directors. viz:
Name: POst-Ofice Address:
Iohn d. Bell, Franklin. La.
Henry McCardelI, Franklin. La.
". X. Smardon, Franklin. L..
J. T. McCardell, Jr., Franklin, La.
With JOHN II. BELL as President:
HENRY McCARDELL as Vice
resident and Secretary, and w. K.
'mardon as Treasurer.
No person shall be eligible az
Director or an officer who is not
tockholder of this compa--
During the absA- ~.
ent, the Viz -ce of the presi-
nd -e-president shall act and
preside
Notice of the election of Directors
hall be given at least ten t1O) days
'rlor to said meeting in writing, adj
ressed to each stakeholder at his
address; and the Board OF
directors shall appoint one or more
tockholders to preside at such cleo
ion as commissioners. In the event
the failure of any commissioner {
r commissioners to attend, the
resident shall, by appointment, fill
ne vacancy. Any failure from any
ause whatever to elect directors the {
ay named for that purpose shall not /