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

shall constitute the first Board Q
Directors. viz:
Name: PostOffice Address
John ID. Bell, Franklin Ia
Henry NcCardell, Franklin, Ia
W H. Smardon, Franklin, Ia
S. 7. McCardell, Jr., Franklin. La
with JOHN D. BELL as President
HENRY McCARDELL as Vice
President and Secretary, and W. K
Smardon as Treasurer.
No person shall be eligible a
Director or an officer who is not
stakeholder of this company.
During the absence of the presi
dent, the vlce-president shall act anc
and preside.
Notice of the election of Director,
shall be given at least ten IO davs
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
of the failure of any commissioner
or commissioners to attend, the
President shall, by appointment, fill
the vacancy. Any failure from anv
cause whatever to elect directors the
day named for that purpose shall not
dissolve the corporation; but the
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 each
stockholder shall be entitled to vote
for each share of stock registered
in his name, and may vote by proxy.
The election of Directors shall be
by ballot, and the majority in amount
of votes cast, each share of stool,
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 tn.
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-
tion they deem fit, and that is con-
sistent 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 t
may deem necessary for the conduct
ing OF the business of the corpora
ton, Tx their compensation, term of
service, with the right to dismiss
them at said Boards pleasure; an:
said Board shall have the right To
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 a
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 up
on compliance with the laws of the
State of Louisiana.
In case of dissolution or termina-
ton OF this corporation, either bv
limitation of it's Charter or from
any cause, the liquidation of its
affairs shall be conducted by three
% commissioners selected from the
stockholders, and said commissioners
snail remain in Office until the at
lars Of said corporation shall have
oeen fully liquidated. In case Of the
ueath OF one or more commissioners,
the survivor or survivors shall con-
tlnue to act.
ARTICLE VII.
No stockholder of this corporation
snail ever be held liable or respon-
slble for the contracts or faults
thereof IN any further sum than the
unpaid balance due the company On
the shares of stock subscribed for
or OF owned by him; nor shall any in
1ormallty in organization have the
eHect OF rendering this charter null,
or OF exposing a stockholder to any
Inability beyond the unpaid balance,
II any, of his stock.
-, ARTICLE VIII.
so that this charter may also
serve the purpose of and as a sub
scrlptlon list, the undersigned org
anlzers Of this corporation have.
respectively, subscribed for stock
therein for the number of shares
ana amounts respectively set oppo-
site their signatures hereto.
n mus done and passed at Franklin,
farlsh of st. Mary, State of Loui-
siana, on the day and date first
aDoye written, in the presence of
I. =. Foster and E. NJ. Johnson,
uonafeaeat witnesses, who have here
unto subscribed their names with the
sag appearers and me, Notary, aft
e due reading of the whole.
Name: Shares. Amt
John D. Bell, 50 s5oo0 %
": K. Smardon, 40 1000 90
81. McCardeIl. Jr., 10 1000 90
Henry McCardeU so Eooo m