The Opelousas journal. [volume] (Opelousas, La.) 1868-1878, 1873-10-24


FAIR ASSOCIATION
STATE OF LOUISIANA,
| Parish of st. Landry
| Be 1t known that on the first day of October
i'll the year Of our Lord, one thousand eight hun
| dFed and seventy-thrce, before me- the under
e1gned, Archie p. Williams, a Notary Public
duly sworn ana commissioned, in and for said
Parish anu state, and in presence of the wit
! nesses hereinafter named and undersigned
came and appeared the parties whose names
are hereuntO subscribed who declare that
! aValllng themselves of the provisions of the
| Statutes OF the State of Louisiana. relative to
| the organization of corporations in this State
| they'na cOvenanted and agreed and do by
| these presents, covenant and agree and bind
| themselves and those they represent, to form
| and establish a corporation for the purpose, OBJ
| jects and under the title, obligations, stipula-
| tiOns and regulations following, tO-Uit;
| ARTICLE l. The name and title of this cOrpo-
ration shall be The st. Landry Agricultural
and Industrial Fair Association il" and its dOmicil
Is fixed at OpelOusas, st. Landry Parish, State
| Of Louisiana.
ART. II. The Association shall have a corpor-
| ate seal, with such device upon the same rs the
| Board OF Directors may decide.
| ART. III. The purpose and object of this asSo-
citation are to encourage agriculture in all its
various branches, as well as all mechanical and
industral pursuits, and to effect this purpose it
| will hold annual Fairs for the exhibition of
agricultural products, live stock of all kinds
and articles ofdomestic manufacture, and what
ever else may be determined by the Board Of
| Directors.
ART. ~. This Association is formed and shall
exist for and during the full space of twenty
| five years from the date hereof, unless sooner
| dissolved as hereinafter provided for. During
| its existence 1t shall have and enjoy succession
| be capable to contract TO sue and be sued to
| purchase, receive, possess, and hold movable
and immOvable, real and personal property and
| to sell, ALLEVIATE, mortgage, demise or diSnOse of
| the same under its corporate name and shall
| possess, exercise and enjoy all such rights pow
ers privileges and lmmunities as are granted
| by law to corporations.
| ART. V. The capital stock OF this Association
| shall be Ten Thousand Dollars, divided into two
| thousand shares Of five 1857 dollars each but
may be increased by vote of majority of tho
stockholders, after thirty days notice, provided
that mo- increase shall take place until theentire
amount OF its present capital is subscribed and
! paid up.
| ART. VI. AL the corporate mowers of the As
| Sociation shall be vested in and exercised by a
Board Of Directors, composed of thirteen per
sons, including the President and Vice President,
| seven of whom to constitute a quorum, who
with the President and Vice President, shall be
| elected by the incorporates from among their
numbers Immediately after the execution of this
act: The officers so elected shall hold Office un-
| til the second Monday of January, 1875, at which
| time o new election shall be held by the stock
! holders Annual elections shall 1e held by the
| stock holders on the second Monday of January.
| The Board shall appoint three stockholders to
| act as commissioners to hold said election, the
| President having power to appoint others in
| their stead in case of failure to attend. The
j
| holders shall select from their numbers a Pres
| ident and Vice President. A Secretary and
| Treasurer shall also be selected by the Board of
Directors, the Treasurer to give security for the
| faithful performance of his duties, his bond to
| be accepted by the Board of Directors The
| President shall preside at all meetings of the
| Board of Directors and Stockholders, and the
| Vice President during his absence. He shall
conduct the business of the Association under
| the supervision and control of the Board of Di-
/ rectOrs, he shall sign oil contracts, and other
Z a1aA innTS SN4 4hn
| prOyal of the Board, to appoint such employees
\ as may be necessary All suits shall be insttu-
/ ted in his name in favor of the Association and
| upon him shall citation be made in case suit is
| instituted against the Association. The salaries
| of the President, officers and employees shall
be fixed by the Board. No person shall be e1igi-
bic TO hold any Office in said Association that is
| not q stock-hOlder.
| Ant VII. In all elections majority of votes
| shall elect, and in case of failure to elect on
| the appointed day, the President shall cause
! days notice in one or more newspapers published
| in the town of OpelOuSas. Each and every per-
son shall be entitled to vote on every share OF
| stock he may hold, In all elections votes may
| be given either in person or by proxy.
| ART. VIII. Dividends shall be declared annu-
ally of so much of the profits of the Association
| as may be deemed advisable by the Board OF
| Directors: but in case of any losses no subse-
| auent dividend shall be made until such losses
shall be made up by the profits, provided that
| an annual statement Of the affairs shall be made
| ON the second Monday of each December, and
| published in one or more newspapers in the
parish, and prior to the declaration of any divi
| TEART. TX. No stakeholder shall irresponsible
for losses or damages incurred by the AssOeia-
tion beyond the amount of unpaid stock owned
by him.
| seribed for shall have been paid up, the Presi
dent and Board of Directors shall issue certifi
Gates TO the stock holders for full paid shares.
| ART. XL. Amy stOBk-hOldeP who shall fail Oh
| neglect to pay any instalInent when notified by
the Board of Directors, shall forfeit to the AS
sOciati0n any previous payment made by him
and shall cease to be stakeholder In said AS
ART. XTI. A book for the registry and trans
fer of shares Of the capital stock shall be opened
and all transfers Of stock shall be on the books
OF the Association and signed by the party
| transferring, or his agent.
| ART. XIII. At the expiration of the charter
or sooner, by three-fourths Of the stock repre-
sented ut q meeting held for that purpose the
affairs Of this Association shall be liquidated
its debts paid, and any balance remaining to be
distributed among the gtoek-h0lders pro. rata
on the amount held by each of paid up stock
! The liquidation shall be made by three commits
aforers appointed by the Board of Directors fOI
| that purpose, and all necessary powers shall be
conferred upon them. Their compensation and
the time allowed for liquidation shall be fixed
by the stock holders.
Arr. XIV That the President and Board o1
Directors are authorized to open books for sub
scriptiOnB at such places as they may see fit, an6
any person may become o st0ek-h0lder on sub
seTibing for the stock, and paying at the time
of subscription twenty per cent of the amount
Of said subscription, and provided thatnot more
than twenty per cent of balance of said subscrip
ton shall be called in at any one time and after
giving at least thirty days notice of said call II
at least one paper published In the perish. pro
must be paid in full at the time of subscription
This done, signed and passed on the day
month and year first above written, in tho pres
ence of James w. Harvey and Yves D'Ayy, com
T1o+nnf witnesses who have her6IInto signed