The St. Mary banner., 1922-11-04

Names: Postoiiice Addr es
}. i. Peterman, Franklin, La.
Geo. d. Palfrey, Franklin. la.
N. G. Huth, Franklin, La.
w. 7. Palfrey, Franklin, La
W. II. SmarCon, Franklin, La.
=. Kramer, Franklin, La
Chas. f. Fernandez, CentrevilIc, L>.
Wm. Schwan, Centrevi!le, La.
II. H. Gates, Franklin, La.
Rene Fl. HiD.el, Franklin, La.
With j. A. Peterman, as Presidents:
Geo. D. Palfrey, as Vice President.
and ". T. Palfr2y, as Cashier.
The members Of all subsequcnr
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 principa.
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 stakeholder at
his Post Office address, not less than
ten days prior to such election. Each
stockholder 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 Anv
vacancy on the Board of Directors oc-
curing by death, resignation, or 9th
erwise, shall be filled for the remain
der Of the term so vacated by the
rea' aiming 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 president, one or more vice
presidents, cashier and such other
officers and employees as they may
deem necessary Immediately after
having qualified as such. The Board
of Directors is empowered to appoint
from its members such committees
as it 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
,ribe. 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
iuties and fix their compensations
The Board shall haze the right to
make and establish, as we'll as alter
and amend, any and all bylaws,
Jules and re re-ulations necessary to
he proper conduct of the business
If this corporation.
ARTICLE v.
This act of incorporation may be
altered or amended by the afirma-
i've vote of the holders of two-thirds
# the capital stock of the corpora
ion at meeting of the stockhold-
RS held after thirty days notice by
publication in a newspaper regularly
ssued in st. Mary Parish, and by
notice mailed or delivered to
'ach stockholder of record at his
atest known address. This corpora
ION may be dissolved by the affirma-
i've vote of the holders of three
ourths of its stock present or rep
esented at meeting convened for
hat purpose, after thirty days no.
ice by publication and mail as re-
uired by law. Such a meeting shall
e convened by order of the Board
n its own motion, or on the written
equest of a majority in amount of
tockholders. On the dissolution of
his corporation by action of its :
tockholders, its affairs shall be liq-
ldated by three commissioners, sell
cted by majority of the stock
oiders present or represented at