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

Until the election to be held as
hereinabove proyiIed, the following
shall constitute the Grst Board Of
Directors. viz:
Name: Post Office Address
JChn d. Bell, Franklin, La
Henry McCardell. Franklin, Ia
W. IL. Smardon, Franklin, La.
S. I. McCardeli, Jr., Franklin, La.
win JOHN D. BELL as President
HENRY MoCARDELL as Vice
President and Secretary, and w k
SEardon as Treasurer.
No person shall be eligible as
Director or an officer who is not a
stakeholder of this company
During the absence of the pres
dent, the ice-president shall act and
and preside.
Notice Of the election of Directors
shall be given at least ten (10) days
prior to said meeting in writing, ad-
dressed to each stockholder at his
post-otfice address; and the Board of
Directors shall appoint one or more
stockholders to preside at such elec-
ton as commissioners. In the event
cf the failure CT any commissioner
or cor r?issionecs to attend tha
President shall, by appointment, FIJI
the vacancy. Any failure from any
cause whatever to elect directors the
dGy named for that purpose shall not
dissolve the corporation; but tne
Directors then in office, as we'll as
the officers Of said company, shall
hold over until their successors are
chosen.
AT every election and meeting ca h
stockh0l shall be entitled to vote
for each share of stock registered
in his name, and may vote ly proxy
The election of Directors shall be
by ballot, and the majority in amounl
of votes cast, each share of stock
voted upon to be counted for one
vote, shall elect the person or per
sons for whom they have beer cast.
After each election the Board Of
Directors shall elect from their own
number the officers of said company.
The Board of Directors shall have
full power to fill vacancies in their
number, caused by death, resigna-
ton or otherwise, from among the
stockholders of the corporation.
The said Board shall have full
control of the property of this COM
pany, and shall so conduct, manage
and use the same as in their discre-
ton they deem fit, and that is con-
slstent with the objects of this
company or the welfare of the same.
The said Board shall elect or an
point such other officers, agents. en-
ployees, servants and clerks as It
may deem necessary for the conduct
ing of the business of the c0rpora-
tlon,. fix their compensation, term of
service, with the right to dismiss
them at said Boards pleasure; an:
said Board shall have the right 10
fix and determine the salaries of the
several officers herein provided for.
ARTICLE vi.
This Charter may be changed.
modified or amended, the capital
stock increased or decreased, or this
corporation may be dissolved at i
general meeting of the stockholders
convened for that purpose with the
assent of three-fourths of the entire
capital stock, whether present or
represented at such meeting. and m
on compliance with the laws of the
State OF Louisiana.
In case of dissolution or termina-
tlon of this corporation, either bv
limitation of its Charter or from
any cause, the liquidation of it's
affairs shall be conducted by three
t3) commissioners selected from the
stockholders, and said commissioners
shall remain in Office until the at
falrS of said corporation shall have
been fully liquidated. In case of the
death of one or more commissioners.
the survivor or survivors shall con-
tlnue to act
ARTICLE VII.
No stockholder of this cornoration
shall ever be held liable or respon.
sible for the contracts or faulfs
thereof in any further sum than the
unpaid balance due the company on
the shares Of stock subscribed for
or owned by him; nor shall any in
formailty In organization have the
effect of rendering this charter null.
or OF exposing a stockhelder to any
liability beyond the unpaid balance,
if any, of his stock.
ARTICLE VIII.
so that this charter may also
serve the purpose Of and as a SUBJ
scription list, the undersigned
anlzers Of this corpn-- org
Respectively s-l :, ,-a1lon have,
there 80 .1~1scribed for stock
and N for the number of shares
s;to ata amounts amounts respectively set oppo-
ON .helr signatures hereto.
p,ri nus cone and passed at Franklin.
q tsh ef st. Mary, State of Loui,
aL' aiaha' on the day and date first
aooye written, in the presence of
- j. roster and E. NJ. Johnson
competent witnesses, who have hero,
unto subscribed their names with the
sac appearers and me, Notary. AFT
er due reading of the whole.
No. of