Madison times. (Tallulah, Madison Parish, La.) 1884-1???, 1884-07-12


~ ONE THOUSAND EIGHT HUN |
DRIED AND EIGTY FOUR, before |
ITO Francis VI Dawson, a Notary Publc du, |
" commissioned aud sworn in and Tor said |
Parish aud State, and in the presence OF tue |
Witnesses lac rcinaftcr namcd and uHdcrSiSn- |
cd personally came and appeared VI !. Smith
T. II ID. Bowman, L. &. Carroll, Geo. &. Nad-
dill T. Martin and \. b. PIttnan, the scvc-
raj persOns whose names are hrreunto sub
s"r:bctl, who declared aLd said, that awaiting
themselves of the laws of this state, relative
10 the organization oi Corporations Tor works
OF public improvements and utility, they have
united and agreed. and by these presents do
unite and agree for themselves and such other
persons as may hereafter become associated
| with them, to form and constitute corpora
| ton Tor the purpose aud objects, and under
the atipulat'ons and articles ioIio"ihS,
| tO-wlt:
hRTICLEI l.
The name and title Of said CORPORATION
shall be COTTON Lands Company and its
| Iomicilr at Ta!ulah. Madison Parish, State
~ Louisiana: hut said 'lomicil" may IN the
discretion or the Dir ,ct0ry he changed -
any other locality, not Inconsistent with Tie
laws at t.Iis State.
Said Corporation shall exist and have and
enjoy Succession under itS corporate name
for the term aud period ot twenty-five years
commencing on. and to he counted from ana
after the day and date hereof.
The President aud in his absence, the gen
eIal Manager, and in tho absence III both OF
these, the Secretary Of the Company. are
, hsrehv designated ~ the officers ON whom
all citations and other legal processes shall
be- served.
Said Corporation shah have power and
authority 10 contract, sue and BE sued under
its corporate name. 10 make ana Use "a cor
poi ate seal. the same 10 break on alter at VIII
to purchase, receive, hold, and convey, ~
In I, loo. tn
der its corporate maine property, both rea
! and pcrsonal, 10 make, sign, and endorse
prouiissory notes, bonds. drafts, and bills OF
I exchange in the transaction OF their business
= to borrow such sums of money as may be lie
a uuired in the purchase. cultivation, improve
ment, reclamation. protection. and uevei"p
e ment of lands and other property. aud all I"
any kn,l,of improvements, and the promo
!, ton OF otlSAr corporate interests aud for TIN
O purpose may issre bonds or other obligations
secured by mort gage upen the franchises M,
9 sll or any part OF the property, both real ant
!, personal of said Company, with power tn scl'
u pledge or otherwise dispO~e III said bonds
and to use the same in purchase and paymet
. Tor property, and 10 maine aud appoint sucl
" Manaxers Dircctorssnd officers, and to max
aud establish suct 10y laws, rules, and regt
u lations for the proper management ami GOV
=, eminent of ihs affairs Of said Corporation
y ~ may he necessary and proper, and I'll
4 ARTICLE ii.
The purposes for which this Corporation
D. established. are dec Jared To he. 10 buy. hoi'
cultivate, improve and sell land, and wit
C power to mortgage and encInber the eam
n tb construct and maintain works Of land =
clauiatiOn, drainage. aud protection, to Pr
D, mote Immigration, TO cultivate cotton nj
= Other products of the soil aud generally
~ fopter agricul urc, and the raising OF stOc
| IN, AMI of Al N
~ cloths, either or both, TO manufacture In
en- Der, and to generally, Manufacture any al
all of the raw products of this State: To C..
&c tract and niainfan Telegraph lines. Tie
ba phone lines, Railways, Canals. Plank roa'
nv and coverctroad To improve aud naviga
nd the waterways passing through aud comfy
Gus to said lands, and to generally leve.o
he resources OF the corporate property
~ ARTICLElil
ed "e fa yr hnn sJ tSo"sau dollar, div
,as cd into or represented by five thousi
shares of the sum OF one hundred doll
each. But the stock holders of said compa
49,. may from time to time by a majority vo
lit- increase its capital, provided the capi
ed stall In no event exceed three million ao'''
ARTICLE
The business and affairs Of said COrpo
Up ton shall be under the superintendent u
oa management of Board of Directors, G,
~ posed Of six stock holders. each Of VII
ed shall own in his own name at least one sh
of the Capital Stick o! said Company.
Stockholders shall meet annually, for
7. consideration of the business of the Comp
sn- and the election of II Boaid of Direct
Said Board of Directors shall be elected
the term OF one year and u majority OF
led votes east shall elect. In the event OF a
IRE Ia elect Directors at the time sta
the old Directors shall continue to serve u
for their successors are duly elected. All 5
elections shall bc by ballot. Each shar
stock shall be entitled to one vote either
! OF pei son or by proxy: And thirty davs prior
,to tice of such election shall he given by pa
cation in newspaper published in the Pa
e OF of Madison. Louisiana. The said Boart
Directors shall have rui' power and autho
in appoint such officers clerks or agent
iese they MAY deem necessary for the bus mo-
was said Company: and To make and establis
nc well as alter and amend any and all by-l
mo, rules and re- guations as they may deem
essay for the protection support and J
!, ascmcnt Of the affairs interests and bust
of said Company aud said bylaws shall
ity' fix the place aud time for annual meet