The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1883-09-26
CHARTER,

CHARTER.
State Of Louisiana = Parish Of Rapides
|DE IT KNOWN THAT ON THIS
ID the thirty-first day of August, Au-
no Domini Eighteen Hundred aud
Eigty three, and Of the independence
Of the United States Of America, the
One Hundred aud Seventh, before me,
James Andrews, Notary Public, in
and for the Parish Of Rapides, State of
Louisiana, duly commissioned and
qualified according to law, and in the
presence Of the witnesses hereinafter
named and undersigned, personally
came and appeared John c Wickhffe,
herein represented by c. II. Teal by
special power of attorney, aud Charles
H. Teal. in his own right and for him
self. both residents of Grant Parish,
Louisiana. aud also Henry A. Bi"ssat.
Henry A. B"yce. Oscar w. Watson,
John w. Miller and Frank A. Blan-
char.l. all residents of Rapides Parish.
Loni lana, who severally declared that
awaiting themselves Of the powers,
rights and privileges conferred by the
statutes nf the State Of Louisiana re|a
tive to the organization Interpretations
in this State, they do by their presents,
form. organize. constitute and found
a corporation Tor the objects and pnr.
/ poses "a shall hereafter be enumerated
and set forth, and t" that +nI they do
hereby covenant aud agree I" form
and constitute. and do, by their pres
ents, form and constitute themselves,
aud all such "tlrr pers0ns as may he.
c"me associated with them, whether
by subscription, transftr, succession ar
otherwise into body polite and cor.
porate. aud Hereunder bind them
selves anil all who may hereafter be-
come associateA with them, +" be g"v-
ernri BY the following stipnia'i"ns
and regulations ia articles Of the char
ter of said corporation:
ARTIcLEI.
The name and title of said Corpora
ton shall he "The Red River Oil
Works." and it's don,icil shall be- at
Bryce. Rapides Parish, Louisiana, aud
under that name it shall have power
and authority to sue and 10 sued, 10
piend and be implrad-d, t" contract
aud he contracted with, t" make, have
and use II corporate seal, aud the same
to break and alter at it's pleasure.
Service of citation ~ this corporation
shall he made upon its President when
ever he NAV be found, 0r in his ali
senre upon the Secretary at the office
of said Col pOration.
ARTICLE II.
The object aud business Of this cor
pnratinn shall I've to manufacture cot
ton seed into oil. oil. cake, meal, hulls.
fertilizers. and all other pro.lucts and
articles that it is, "r may hereatt m-
possible to obtain OF make from cotton
seed. And to that end it ia empowered
to take. hold and own property. NOV
able and imm"vable, pers"nal. zeal
and mixed, by purchase d"nati"n, d.
wise, lease or any other title whats"-
ever.
1t shall have authority to purchase.
lease aud own, or to bny, build or
make any ami all means of transpOr-
tati"n tnat may hecome necessary to
carry on its business, snch as carts,
wagons, tramways, barges, steam
boats, railways or any other means Of
transportation whatever. It shall also
have power to gin cotton AID grind
grain. 1t shall have power 10 buy aud
sell all kinds, character and dcscrip
,ion of property, movable aud immov-
able, aud take and make good and
valid titles therein, except cotton.
| AKTlCLE III.
The capital stock "f this corporation
shall not exceed Fifty Thousand dol
lars, divided into one thousand shares
Of Fifty dollars each; but it is an,h"r-
lied t" proceed t." business whenever
Ten Thousand dollars If said stock
shall be taken and subscribed.
No stock holder shall nm more than
Five Thousand dollars worth of stock
herein. Said st"ck shall he paid for in
inatallmrnts, upon the call Of the Board
of Directors, but no call shall I've for
more than thi,ty-tbrce aud one third
per ctntum of the face value If said
stock; and said call. shall be- at least
sixty days apart. aud stockholders
shall have thuty days from the date of
the call in whicl, to pay the same. If
tany stock holder shall fail to pay the
call IN him for the said per centum Of
his stock. within the thirty days al,
lowed, he shall then have a further
delay OF rem days at the expiration uf
which delay, the Board Of Direct"Is
may either forfeit his stuck to the Cor.
poration. "r sue him for the amount
due BY him ut their option.
ARTICLE
| The government and management nf
the affairs at this corporation shall br
vested in a Beard Of Directions con-
sisting "t seven Stockholders in this
corporation. They shall he elected Ivy
y vote Of the stock holders herein an
the first day of Jnly in each and every
year, unless that day should fall upon
Sunday, in which event the election
shall be- held on the second day Of Ju
ly. Their term IF office shall be for
one year, bnt they .hall serve until
their successors are elected and quail.
fed. Any vacancy or vacancies that
may occur thereon shall he filled by
the Board of Directors by selection
from an,ong the Stockholders. lmme-
diat"ly after the election Of the Board
If Directors they shall proceed to eject
one ut their mnmlser President. They
shall also elect Secretary, who shall
he the bo"kkeeper IF the mill they
shall also elect a Treasurer, who shall
! give bond III such sum rs the Board "t
Directors shall fix. The Board nf Di-
,ect"rs shall have power to remove the