The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1883-09-12
CHARTER.

CHARTER.
State Of Louisiana Parish Of Rapides
DE 1T KNOWN THAT ON THIS
ID the thirty frs, da. of August, An.
no. Domini Eighteen Hundred and
Eigty three. and Of the Independence
If the United States Of America, the
One Hundred and Seventh, before ,ne,
James Andrews. a Notary Public, in
aud for the Parish Of Rapides, State of
Louisiana, dnly commissioned and
qualified according to law. and in the
presence Of the witnesses hereinafter
named and UNDERSIGNED, per, nnaiiy
came and appeared John G Wirkhffe,
hrrei" Represented by C. II. Tea, by
special power 1T attorney, aud Charles
II. Teal. III hi~ own right and for him
.elf. both residents ct Grant Parish,
Louisiana. and ais, Henri, A. Biossat,
Henry A, Bryce. Oscar W. Watson,
john w. Miller and Frank A. BIan-
chard, AL residents of Kapi,lrs Parish,
L""i lana. vii" s-vrrally declared that
availiug themselves If the powers.
rights and privileges conferred by the
statutes Of the State Ut Louisiana rela
tive to the organization "fc"rp"rations
in this State. the. d., by their presents,
form. organize. constitute and fnnnd
u corporation 'or the objects aud pur
p".-s IA shall herr after he enumerated
and set forth, aud t" that end they do
hereby covenant and agree to for
aud constitute. and do, by their pres
-n's. form and constitute themselves.
and all such other persons IA may be
come associated with them, whethe,
by subscription, transfer. Succession or
otherwise int" body polite ard cor
mrate, aud Hereunder bind them
selves and all who may hereafter be-
come aasnciated with them, to b4 gov.
"rDrd b! the following .tip"Ia'i"ns
and rrgulati"ns AZ arficlrs Of the char.
ter Of said c"rp",ation:
ARTICLEI
The n me and title nt said Corpora
ton shall be "The Red River Oil
Works." and IFS d"n,icil shall be 1T
BNce Rapitrs Parish, L"n'sana, and
rn,ier that name it shall have power
md antl,"rity tn sue aud he sued, 10
lead and h- impl-ad"d, t." contract
ard be contracted with. to make, have
,,h use a r"rpnra,- seal, and 'he same
tn break and alter ut its pleasure.
=, IT NJ; 81,
shall I've made upon its President wh-"
ever hr ma, hc t"nnl, or in his ah
s-nce upon the Secretary at the Office
If said corporation.
ART,CLElI
The object and t"'-iness If this cor.
poratioH shall he T." manufacture cot
ton . I'D Into oil. oil cake. meal. hulls.
fertil, gers and all other products and
articles that it ia, ar may. hertatt T. b.
posi- lie I" obtain %, make from cotton
seed And t." that end il is empowered
I" take. hr'd and own property, NOV
able up,l im'nnvahlr, personal, teal
and mi>eh, by purchase donation, de
wise, lease ct any other title wl,atsO-
| ever.
II shall have authority 20 purchase,
lease aud own. "r to huy, hniId or
make any and all means of ira, spOr-
tati"n t vt may her"rnr necessary to
carry ~ its business. snci, as carts,
wagons. tramwavs. ba,gcs. stean,
boats, railways "r any other means Of
transportation whntaver. 1t shalI also
have power to gin c"ttor aud grind
grain. 1t shall have p"wrr'O bu! a.d
sei' all kinds, character and dcscrip-
ton If property. movable and immOv-
able, ami take and make good and
valid titles thereto, except cotton.
ARTICLE Ill.
The capital stock at this corporation
sl,all not exceed Fifty Thousand dol
lara, divided int" one th"usand shares
Of Fifty dollars each; but it ia author,
ICED 1" proceed to husiness whenever
Ten Thousand dollars If said stock
shall he taken aud subscribed.
N" stock holder shalt O.n more than
Five Thousand dollars worth If stock
herein. Said stock shall hr paid for in
iDsts ,lments. upon The call ot the Board
If Directors, but no ell shall DO for
more than thi,,y-ihrre and one third
l,~r centnm If the face value If said
stock; and said call shall be at least
sixty days apart, and stockholders
shall have thirty day. from the date Of
the call in which to pa. the same. If
~, stock holder shall fail to pay the
call On Inn for the said per c-ntnm Of
l,is stock. within the thirty days al,
l.,w.d, he shall then have . further
delay ut zen days at the expiration of
" hich delay. the Board Of Directors
ma, either :orf-'t Ills stack t" the Cor.
,mration, or sue him for the amount
due b, hun ut their option.
ARTICLE
The g0v+rnm nj aud management Of
the affairs Of this corporation shall he
vested in n Bnard "f Directors con.
-istiug If seven Stockholders 1T this
corporation. They shall be elected by
vote NJ he stmkhnAdtrs herein on
the ir., da, Of July in each and every
var, nnlpss that day should fall upon
Sunday in which rrenf the rlerf'"n
shalt be held "u the second day ct Ju
iy Their term If office shall br for
one year. but t,ry .haIl serve unit.
their successors are elected and quail
fed. ANY vxcancy "r vacancies that
may occur thereon Al all bp filed by
the Board of Directors by selerti""
from among the stnckh Id-rs. 1mme-
diat.ly after the election OF the Board
Of Directors they shall proceed to Q rct
one ut their nnn,i,rr President. The,
al.all also elect u Secretary, who shall
be the bunkkeeper If th- mill they
shall also elect a Treasurer, who shall
rive bond IN such sum as the Board Ut
Directors shall fix. Tie Board of Di
rect"rs shall have power to remove the
Secretary and reasnrer. The Presi