The Opelousas journal. [volume] (Opelousas, La.) 1868-1878, 1873-11-07

st. Landry Agricultural and Industrial
FAIR ASSOCIATION
| STATE OF LOUISIANA,
Parish of St Landry.
| BE 1t known that on the first day of October,
III the year of our Lord, one thousand eight hun
| area ana seVenty-three, before me, the under
| signed, Archie P. Williams, Notary Public
! duly sworn and commissioned, in and for said
| Parish and State, and i'll presence of the wit
| nesseS hereinafter named and undersigned,
| came and appeared the parties whose names
| are hcreunto subscribed, who declare that,
| aVa1llng themselves of the provisions of the
Sta ties OF the State OF Louisiana. relative to
! the organization OF corporations in this State,
| they nave c0Fenanted and agreed, and do by
| these presents covenant and agree and bind
| themselves and those they represent to form
| and establish ii corporation for the purpose, OBJ
jects and under the title, obligations stipula-
| tio IS and regulations following, tO-wit:
ARTICLE /. The name and title of this cOrnO-
ration shall be THE st. Landry Agricultural
and Industrial Fair Association" and its dOlniCi
is fixed at Opelousas, St. Landry Parish, State
| Of Louisiana.
ART II. The Association shall have corpor-
ate seal, with such device upon the same as the
| Board of Directors may decide
| ART. III. The purpose and object Of this assO-
citation are to encourage agriculture i'll all its
various branches, as well as all mechanical and
industrial pursuits, and to effect this purpose it
| will hold annual Fairs for the exhibition of
agricust tlral products, live stock of all kinds
and ar cles of domestic manufacture, and what
ever else may be determined by the Board of
| 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 rs hereinafter provided for. During
it's existence it shall have and enjoy succession,
be capable to contract to sue and be sued. to
purchase, receive, possess, and hold movable
and imnOVahlc, real and personal property, and
to sell, ALLEVIATE mortgage, demise or dispose of
the same under its corporate name and shall
possess, exercise and enjoy all such rights pow
ers, privileges and imnluitiGS as are granted
by law to corporations.
ART. v. The capital stock of this Association
shall he Ten Thousand Dollars, divided into two
thousand shares OF five (S5) dollars each, but
may be increased by a vote of q majority of the
Stockholders, after thirty days notice, provided
that increase shall take place until the entire
amount Of its present capital is subscribed and
paid up.
ART. VI All the corporate powers of the AS
s0eiatiOn shall be vested i'll and exercised by a
Board of Directors composed of thirteen per-
sons, including the Presidentand Vice President,
seven of whom to constitute q 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 nn-
til the secondMonday of January, 1875, atwhich
time a new election shall be held by the stock
holders. Annual elections shall be held by the
stockholders 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 i'll
their stead i'll case OF failure to attend. The
Board of Directors, to be elected by the stock
holders, shall select from their numbers Pres
dent and Vice President. A Secretary and
| Treasurer shall also be selectedby the Board of
Directors, the Treasurer to give security for the
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-
| 9etors, he shall sign all contracts, and other
papers, and shall have power, subject to the ap-
| DrOval OF the Board, to appoint such employees
as may be necessary. All suits shall be institu-
ted in his name in favor of the Association, and
| tTonn him shall citation be made in case sIlit is
Instituted against the Association The salaries
| of the President, officers and employees shall
he fixed by the Board. No person shall be eligi-
Bile to hold any office in said Association that is
not stoclL-holdeN
ART. VII. In all elections majority of votes
shall elect, and in case of a failure to elect on
the appointed day, the President shall cause
| another election to be held after giving twenty
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-
| alIy 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-
| nnent 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
| nuhlished in one or more newspapers in the
| Darish and prior to the declaration of any divi-
ART, TX. No stakeholder shall be responsible
/ for losses or damages incurred by the Assoeia-
| tor beyond the amount OF unpaid stock owned
ART K When the whole amOuntOf stock sub
| se1ibed for shall have been paid up, the PreSl-
| dent and Board OF Directors shall issue certif-
Gates to the stock holders for full paid shares.
ART XI. Any stakeholder who shall fail or
| neglect to pay any instalment when notified by
the Board OF Directors, shall forfeit to the As
] sociatiOn any previous payment made by him
| and shall cease to be a stakeholder IN said AS
ART, XII 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 OF his agent.
? Art, Kill At the expiration of the charter,
| or sooner, by three-foHrths of the stock repre-
1 seuted at a meeting held for that purpose, the
/ affairs of this Association shall be llquidated,
lis debts paid, and any balance remaining to be
distributed among the stockholders pro rata,
| on the amount held by each of paid up stock
fhe linridatiGn shall be made by three commits
siOners appointed by the Board of Directors fol
that PURPOSE aud all necessary powers shall be
conferred upon them. Their compensation ahq
f6e time allowed for liquidation shall be liked
/ by the stockholders.
'ART. XIV That tile President and Board OF
, Directors are authorized to open books Tor SUB
scriptions at such places as they may see tit, and
any person may become a stakeholder ON SUD
seribing for the stock, and paying at the time
: of subscription twenty per cent Oh the amount
of said sIIbscripton, and provided that not more
than twenty per cent of balance OF said stDscrp
ton shall be called i'll at any one time ana aite1
| giving at least thirty days notice of said call IL
/ al least one paper published in the parish, pro
1 yided then oRly one share is subscribed for, II
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 the pres
i enee of James w. Harvey and Yves ID Ayy, com
: nefent witnesses, who have hereunto signed
| their names together with said appeareEs aftel
Jones p. Smith, InQs Y ANDERSON,