The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1883-09-19
CHARTER,

CHARTER.
State Of Louisiana Parish of Rapidei
DE IT KNOWN THAT ON THIS
II the thirty-first day of August, An.
no Domini Eighteen Hundred aud
Eigty three, and of the independence
OF the United States of America, the
One Hundred and Seventh, before me,
James Andrews, a 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, pers oually
came and appeared John G Wickliffe,
herein represented by c.. II. Teal by
special power of attorney, and Charles
II. Teal. in his own right and for him
self, both residents of Grant Parish,
Louisiana, and also Henry A. Biossat,
Henry A. Boyce, Oscar w. Watson,
John w. Miller and Frank A. Blan-
charf, all residents of Rapides Parish,
Louisiana. who severally declared that
availIng themselves of the powers,
rights and privileges conferred by the
statutes of the State OF Louisiana rela-
tive to the organization Interpretations
in this State, they do by their presents,
form, organize, constitute and found
a corporation tor the objects and pur-
poses as shall hereafter he enumerated
and set forth, and to that end they do
hereby covenant and agree to form
and constitute, and do, by their pres
ents, form and constitute themselves,
and all such other persons as may be-
come associated with them, whether
by subscription, transfer. succession OF
otherwise into a body polite and cor
porate, and hereunder bind them
selves aud all who may ~e,eafter be-
come associated with them, to be gov
erned by the following stipulations
and regulations as articles Of the char
ter of said corporation:
ARTICLE L.
The name and title of said Corpora
tion shall be "The Red River Oil
Works." and its domicil shall be at
Boyce, Rapides Parish, Louisiana, and
under that name it shall have power
and authority to sue and he sued, 60
plead and he implicated, to contract
and be contracted with, to make, have
and use a corporate seal, and the same
| to break and alter at it's pleasure
Service of citation on this corporation
shall be made upon it's President when
ever he may be found, or in his ali
sence upon the Secretary ut the Office
of said corporation.
ARTICLE III.
The object and business of this cor
poration shall be to manufacture cot
ton seed into oil. oil cake, meal, hulls,
fertilizers, and all other products and
articles that it is, or may hereafter be
possible to obtain or make from cotton
seed. And to that end it is empowered
to take, hold and own property, NOV.
able and immovable, personal, real
and mixed, by purchase donation, de-
wise, lease or any other title whatsO'
ever
1t shall have authority to purchase
lease and own, or to buy, build OF
make any aud all means of transpor.
tation that may become necessary tc
carry on its business, such as carts
wagons, tramways, barges, steam
boats, railways or any other means o.
transportation whatever. It shall also
have power to gin cotton and griut
grain. 1t shall have power to buy anG
sell all kinds, character and descrip'
tinn of property, movable and immov'
able. and take and make good ant
valid titles thereto, except cotton.
ARTICLE III.
The capital stock Of this corporation
shall not exceed Fifty Thousand dol,
lars. divided into one thousand share,
of Fifty dollars each; bat it is author.
lied to proceed to business whenever
Ten Thousand dollars of said stock
shall be taken and subscribed.
No stack holder shall own more thar
Five Thousand dollars worth of stock
herein. Said stock shall he paid for IL
insta!lments, upon the call OF the Board
of Directors, but no call shall be fol
more than t%hirty-three and one third
per centum of the face value of said
stock; aud said calls shall be at least
sixty days apart, and stock-toldert
shall have thirty days from the date OF
the call IN which to pay the same. Il
any stock. holder shall fail to pay the
call on him for the said per centnm Of
his stock, within the thirty days al
lowed, he shall then have a further
delay of ten days at the expiration Of
which delay, the Board of Directors
may either forfeit his stock to the Cor.
poration, or sue him for the amount
due by him at their option.
ARTICLE w.
The government and management OF
the affairs of this corporation shall be
vested in a Board of Directors con-
sistiDg of seven stockholders in this
corporation. They shall be elected by
a vote of the stockholders herein on
the first day of July 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 Jn'
ly. Their term of office shall be TO,
one year, but they shall serve until
their successors are elected and qnali-
fed. Any vacancy or vacancies that
may occur thereon shall be filled by
the Board of Directors by selection
from among the stockholders. lmme-
diately after the election of the Board
of Directors they shall proceed to elect
one of their number President. They
shall also elect a Secretary, who shall
be the bookkeeper Of the mill they
shall also elect q Treasurer, who shall
! give bond in such sum as the Board Of
Directors shall fix. The Board of Di.
%rectors shall have power to remove the
Secretary and treasurer. The Presi
dent shall be the manager of the mil