Madison times. (Tallulah, Madison Parish, La.) 1884-1???, 1884-06-21
CHARTER.
STATE ofIOUISIANA.
Parish Of Madison.

-EIT KNOWN AND REMEMBERED
tba, on this the 22d day of NAY a. ID.
ID ONE THOUSAND EIGHT HUN.
DRIED AND EIGTY- FOUR, before
me Frauris N. Dawson, Il Notary Public dn-
Iv commissioned and sworn in and for s;tid
Parish and State. and in the presence oil the
witnesses hereinafter named and undcrsign-
ed, pcrsonully came and appeared NJ :. smith ,
j. IT, u. Bowman, +. C. Carroll, Geo. T. Wad-
dell F. Martin aud A. II. PIttman, the seVe-
raj persons whose names are hefenhto SUD |
SCR he'd, who ,lecla. Q aid said, thar avatiihg
themselves Of tue laws of this State, reiative
TO the organization Of Corporations for works
a uabA,c iuyssuyesaenis aud utility, they have
united and agreed, and ny these presents 40
unto and gree for themselves and sticd other
| persons ~ NAV hereafter become ass"ciated
| with them, Ia form aud constitute cor",a-
| ton TOR the purpose aud objects, an dundtr
the stpulatIons and articles following,
towit:
ARTICLE I.
The name and title of said Corporation
| shall he Cotton Lands Company" and its
1 don,icile at Tallulah Madison Parish, state
of Louisiana; hut said domicile may in the
discretion Of the Dir ictOry BIO changed 70
any other locality. not inconsistent with tho
\ laws OF tIir State.
Said Corporation shall exist and nave ana
| enjoy succession under its corl'orae name
for the term aud period Of twenty-five years,
| commencing on, and to be counted from and
after the day and date hereof.
The President. aud in his absence, the gen
eral Manager. and in the absence of both OF
tn Sc. the Secretary of the Company, are
hereby designated n the officers on whom
all citations and other legal processes shall
be served.
Said CORPORATION shall have power and
auth rity to contract, sue and be sued under
its corporate name, to make and Use cor
DO, ate seal, the same to break or alter AT VIII,
| to purchase, receive, hold, and convey, IA
J we'll as lease, mortgage and hypothecate un.
der it's corporate name property, both real
| and personal, to make, sign, and endorse
promssOry notes, bonds. drafts. and bills OF
exchange in tho TRANSACTION OF their business,
to borrow such sums Of money as may be le-
| auired In the purchase, cultivatiO n, improve
mept, reclamation. protection, and develop
, ment Of lands and other property, and all or
any kind of improvements, and the promo
ton of other cOrporats interests, and for this
purpose may issue bonds or other obligations,
secured by mortgage uponithc franchises and
oil or any part OF the property, both real and
personal vi said Company, with power to sell,
pledge or otherwise dispose of said bonds,
and to use the same in purchase and payment
for property, and to nalne and appoint such
, Managers. Direct ors and officers, and to make
and establish such bylaws, rules, and rcgu
> lations for the proper m;shas ement aud gov
= as may be necessary and proper, and the
same w change, amend. and altar at pleasure
ARTICLE IL.
The purposes for which this Corporation il
n established. are declared to he. TO buy. hold
cultivate, improve and sell nd, and with
5 power to mortgage and cucumber the same
to construct ami maintain works OF land re
r clamation, drainage, and protection, to pro
, mote immigration, to cultivate cotton and
Q OIL mr., ROT s.f ha
foster agricul urc, and the raising OF stock
, to manufacture cotton and WOODEN yarns ant
i cloths, either or both, to manufacture INN
=, Der, and to generally manufacture any ant
y all Of the raw products of this State: To con
O tract and maintain Telegraph lines, Tele
phone lines, Railways, Canals, Plank roads
o and covered roads: To improve and navigat
the waterways passing through and contign
8 ous To said lands, and to generally develops
O the resources OF the corporate property.
ARTICLE LII
The capital stock is hereby fixed at th
snm of Eve hundred Thousand dollars divid
ed into or represented by five thousaus
!. shares of the sum OF one hundred dollar
each But the stock holders Of said compan
y may from time to tirue by a majority vote
, increase its capital, provided the capita
. shall in no event exceed three million dollars
e ARTICLE Nv.
4 The business and affairs Of said Corpora
tjop shall be under the superintendent aut
n MANAGEMENT of Board Of Directors, com
posed Of six stock. each oil WHOM
10 shall own in his own name at least one shar
10 of the Capital Stick Of said Company. TIL
" Stockholders shall meet annually, for tn
g: consideration Of the business OF the COmpan
and the election of Board Of Director
a Said Board of Directors shall be elected fl
~ the tcriu Of one year aud q majority OF tll
votes cast shall elect. In tho event OF q fai
n 4 In ALA IN
the old Directors shall continue to serve unit
a. their successors are duly elected. All sue
elections shall be by ballot. Each share
n stock shall be entitled to one vote either
10 pei son or by proxy; And thirty DAYS prior n
tice of such election shall be given by publ
70 cation IN newspaper pueI,slied u, tue raris
of Madison, Louisiana. The said Board q
10 Directors shall have full power and anthorit
az To appoint such officers clerks or agents u
u they NAV deem necessary for the business
We said Company: and to make and establish ;
we'll no alter and amend any and all bylaw
N rules and regulations as shcy may deem ne
essay for the protection support and NAL
40 uye ment OF the affairs interests and bushes
g. Of said Company and said bylaws shall all
tx the place and time for annual meeting
10. aud define and restrict the duties and power
- of all officers Of the Company. Three of Il
Ae Directors shall constitste qnoru m Tor u
transaction Of business and any vacau'
which may occur in any Board from deal
resign alton shall be filled by the Execute
Couimittee o. They shall at regular annu
49,. meetings elect OpS Of the Board Of Directo
y to Ice Pres ilent of the Corporation and sha
on also elect . Secretary and Treasurer wi
shall give such bUnds 10 the Executive Coz
n nittee shall require.
At every election of Directors the Stoc
aii boldcrs shalt Mt the same meeting elect thr
IT of said Directors to serve as ar kxecuti
Committee aud this Executive Commit
OF shall exercise between the meetings OF :
Directory all the powers Of the Directo
ny itself All officers Of the Corpora ton sh
av hold their Offices until their SUCCESSORS !
~ duly elected and qualified.
'rc ARTICLE, v.
ed No stockholer shall ever be liable
,al responsible for the contracts or fau
:, of said corporation in any further 81
ui- than the unpaid balance due I
ZEN company on the shares owned by h
rim nor shall any mere informality in I
' ganization have the effect of rend
,ut ing this Charter null, or of exposi
ON any stakeholder to any liability
-, You'd the amount of his unpaid stO
- ARTICLE, VI
w No stock, bonds, notes, contra
Inc and similar obligations of this com
The ny shall be binding and of force q
,.;o effect against the company unless siI
'tt' ed by the President, countersigned
ain the Secretary, and stamped with
res seal Of the company.
-. ARTICLE. VII.