The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1883-10-10

CHARTER,

0OA
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 and
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, prrs oually
came and appeared John C Wicklffe,
herein represented by C. II. Teal ny
special power of attorney, aud Charles
H. 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-
chard, all residents of Rapides Parish,
Louisiana, who severally declared that
awaiting themselves of the powers,
rights aud 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 pnr
poses as shall hereafter be enumerated
and set forth, and to that end they do
hereby covenant aud agree to form
and constitute, and do, by their pres
ents, form aud constitute themselves,
and all such other persons as may be-
come associated with them, whether
by subscription, transfer, succession or
otherwise into body polite and cor
porate, and Hereunder bind them
selves and all who may hereafter be-
come associated with them, to be gov
erned by the following stiputations
and regulations as articles Of the char
ter Of said corporation:
ARTICLEI.
The name and title of said Corpora
ton shall be "The Red River Oil
Works." and it's domicil shall be ut
Boyce, Rapides Parish, Louisiana, and
under that name it shall have power
and authority to sne and be sued, to
plead and be 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 its President when
ever he may BE- found, or in his ab-
sence upon the Secretary at the Office
of said corporation.
ARTICLE II.
The object and business Of this cor
poratiOn shall be to manufacture cot
ton seed into oil, oil cake, meal, hills.
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 immovabte, 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 or
make any and all means of transpor-
tation that may become necessary to
carry on its business, such as carts,
wagons, tramways, barges, steam.
boats, railways or any other means of
transportation whatever. It shall also
have power to gin cotton and grind
grain. 1t shall have power to buy aud
sell all kinds, character and tlcscrip-
ton of property, movable aud immov-
able. and take and make good and
valid titles thereto, except cotton.
ARTICLE III.
The capital stock nf this corporation
shall not exceed Fifty Thousand dol
lars, divided into one thousand shares
of Fifty dollars each; bnt it is anthur-
ICED to proceed to business whenever
Ten Thousand dollars of said stock
shall he taken and subscribed.
No stock holder shall own more than
Five Thousand dollars worth of stock
herein. Said stock shall be paid for in
insta llments. upon ,he call Of the Board
Of Directors, bnt no call shall be for
more than thirty-three and QUE third
per centum Of the face valne Of said
stock; and said calls shall be ut least
sixty days apart, and stock holders
ahall have thirty days from the dats of
the call in which to pay the same. II
any stock holder shall fail to pay tile
, call on Inn fnr the said per centnm Of
his stock, within the thirty days al
lowed, he shall then have further
delay of ten days at the expiration Of
which delay, the Board Of Directors
may either forfeit his stock to the Cor
poratiop, or sue him for the amount
due by him at their option.
ARTICLE Nv
The government and management of
the affairs of this corporation shall be
vested in a Board Of Directors con-
sisting uf seven stockholders in this
corporation. They shall be elected by
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 gu the second day of Ju
| ~. Their term of office shall be for
one year, but they eball serve until
their successors are elected and quail
fed. Any vacancy or vacancies that
may occur thereon shall be flied 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 Secretary, who shall
he tho hn0kkaepar of the mill: they