The Opelousas journal. [volume] (Opelousas, La.) 1868-1878, 1873-10-10
CHARTER.
a On OF INCORPORATION
st. Landry Agricultural and Industrial
FAIR ASSOCIATION,
TATE OF LOUISIANA,

STATE OF LOUISIANA,
Parish Of st. Landry.
BE 1t known that on the first lay or Octnher
III the year or our Lord, one thousand eight hun,
urea amt sGEenty-thrCc, before me. the undCr-
SlSnttt, Archlc +. Williams, Il Notary Public,
nulX sworn ana commissioned. in and for said
PARISH ana state, and i'll presence of the Wit
heSSeS hereinafter named and UNDERSIGNED
came ana appeared the parties whose names
are hereuntO SubScrihed, who declare that
aEalllng themselves of the provisions of Tho
statutes Of the state Of Louisiana. relative 10
the organization of corporations in this state,
they nave cOvenanted and agreed, and do, bv
these presents. covenant and agree and hind
themselves and those they represent, to form
and establish Il corporation for the Ouru0sc o,
jcct7 and under the title. obligations. stinula-
tions aud regulations following, tO-wit:
ARTICLE l. inc name and title of this corpo-
and industrial Fair Association and its domirii
Is fXe9 ut Op"loustiF, st, Landry Parish, state
Of Louisiana.
ART. II. The Association shall have a corpor-
ate seal, with Such device upon the same MS the
Board OF Directors may decide.
ART Ill. The purpose and object OF this asso-
clafiol are 10 encourage agriculture in all ia
various branches, as well as all mechanical AMI
industrial pursuits, and to effect this nnrnose II
vii! mold annual Fairs for the exhibition of
aErlrultnrAl products, live stock Of all kinds,
and articles OF domestic manufacture, and what,
ever els" may he determined hy the Board OF
| Directors:
ART. ~. This Association is formed and sb,I
rXlSt for and during the full space OF twenty
I'VE years from the date hereof, unless sooner
| ulSrOIN tu Us hereinafter provided for Nuriur
IT'S existence II shall have and enjoy succession,
be rapahle TO contract, to size and be sued, 10
purchase, receive, possess, and hold movable
and immONahle, real and personal property. and
TO sell, ALLEVIATE, mortgage, demise or disDosc Of
the same under its corporate name and shall
possess, exercise and enjoy all such rights. DOW
CTS, privileges, and ilnnunitiCS as are granted
by law 10 corporations.
ART. ': The capital stock of this Association
shall he Ten Thousand Dollars, divided into two
thousand shares of five R5) dollars each. hut
| may ne increased Ivy Il vote If "a minority nF tho
Stockholders, after thirty days notice, provided
that no increase shall take place until theentirr
paid mp.
ART: VI, All the corporate powers of the As
SOrlatlon Shall ne vested in and exercised by Il
Board Of Directors, composed of thirteen per-
SOILS, including the President aud Vice President,
seven ut 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 nm
I'll the second Monday of January, 1875, at which
time Il new election shall he held by the stock
holders. Annual elections shall he held ly the
stockholders on the second Monday of january.
The Board shall appoint three Stockholders to
act HS commissioners to hold said election, tho
president having power to appoint others in
their stead i'll cas-" Of failure to attend. The
Board Of Directors, to he elected by the stock
holders, shall select from their Numbers Il 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, Ills bond IA
be accepted by the Board of Directors. The
President shall preside at all meetings of tho
Board of Directors and stockholders, and tho
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 all contracts, and other
papers, and shall have power, subject to the ap-
prevail of the Board, to appoint such employees
rs may be necessary. All suits shall be institu-
ted i'll his name i'll favor of the Association, and
upon him shall citation he made i'll case suit is
instituted against the Association. The salaries
of the President, officers and employees shall
he fixed by the Board. No person shall he eligi-
bic to hold any office i'll said Association that is
not a stakeholder.
ART. VII. In all elections q majority of votes
shall elect, and in case of Il failure to elect on
the appointed day, the President shall cause
another election to he held after giving twenty
: days notice IN one Grnore newspapers published
i'll the town of Opel0usas. Each and every per
; son shall be entitled to vote on every share OF
I stock he may hold. III all elections votes may
I he given either in person or by proxy.
ART. VIII. Dividends shall be declared anutr-
I 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 suhse-
; qucnt dividend shall he made until such losses
shall he made up by the profits, provided that
an annual statement of the affairs shall be mado
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-
- dend.
ART. TX. No tock-holdcr shall he responsible
for losses or damages incurred by the AssoCia-
: ton beyond the amount of unpaid stock owned
j by him.
ART. X. When the whole am0unt0f stock sub
u sCribed for shall have been paid up, the Presi-
l dent and Board of Directors shall issue certiE-
G Gates to the stock holders for full paid shares.
ART. XII. 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 Il stakeholder in said AS
SOCiatiOn.
ART. XII. A book for the registry and trans
fer of shares of the capital stock shall he opened,
oyl al tTp IL Sfn1EI Nf Gfnpk Glul in IN the ltnNEJ
> of the Association and signed by the party
transferring, or his agent
u ART. NIL. 4 t the expiration of the charter,
T or sooner, by threc-fOuFths of the stock repre-
scented at Il meeting held for that purpose, tho
! affairs of this Association shall be liquidatcd,
its debts paid, and any BALANCE remaining to he
= distributed among the Stockholders pro rata.
? on the amount held by each of paid up stock.
e The liquidation shall he made by three commits
siOnprS appointed by the Board of Directors for
that purpose, and all necessary powers shall be
conferred upon them. Their compensation and
the time allowed for liquidation shall he fixcd
by the stockholders.
ART. NV. That the President and Board OF
Directors are authorized to open books for sub.
scriptions at such places as they may see fit, and
any person may become d stakeholder On sub
scribing for the stock and paying at the time
/. of subscription twenty per cent Of the amount
of said subscription, and provided that not more
h than twenty per cent OF balance Of said suhsCrip'
G. ton shall be called i'll at any one time and after
III giving at least thirty days notice of said call III
ut least one paper published in the parish, pro
il, vided then Ouly one share is subscribed for, il
e must be paid In full ut the time of subscription
y This done, signed and passed on the day
month and year first above written. in the pres
encc of James ". Harvey and Yves ANY, com
petcnt witnesses, who have herCuntO signed
- their names together with said appcarcrs after
reading the same.
Jones p. Smith, ThNs. c. Anderson,
:. F. !. Montgomery, IL. J.. Garland,
John Fahey, !. Nidrinc,
~ F. PCrrOdin, Joseph NJ. Moore,
u ". A. Robertson, ]. W. jackson,
~ jill. Morris, AlC6e DHprC,