Madison times. (Tallulah, Madison Parish, La.) 1884-1???, 1884-06-28
CHARTER.
STATE ofI.OUISIANA. |
Parish of Madison. J

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DRIED AND EIGTY-fOUR. before
ma Francis NJ Dawson, "a Notary Public dn-
IL commissioned and sworn in and for said
Parish and State. and in the presence Of the
witnesses hereinafter named and undersign-
ed. PERSONAL came and appeared NJ Smith
j. II. ID. RowBIar. +. Z. Carroll, Geo. L. Wat
dill 4. Martin and A. b. PIttman, the seve-
raj persons whose names are hereunto sub-
ss'ribed, who declared aid said, that svailing
themselves of the laws of this State. relative
TO the organization Of Corporations for works
of public improvements and utility, they have
united and agreed, and by these presents do
unto and agree for themselves and such other
persons ~ may hereafter become associated
with them, te form and constitute corpora.
ton for the purpose and objects, and under
the stipulations and articles following,
to-wit:
ARTICLE I.
The name and title Of said Corporation
shall be Cotton Lands Company, and its
dOnicile at Tallulah. Madison Parish, State
Of Louisiana; hut said dOmicile may IN the
discretion Of the Dir .ctory he changed to
any other locality, not inconsistent with the
laws Of this State.
Sold Corporation shall exist and have and
enjoy succession under its corporate name
Tor the term and period Of twenty-five yeara,
commencing on, and to I've counted from and
after the day and date hereof.
The President. aud in his absence, the gen:
efal Manager, and in the absence VI both OF
those, the Secretary of tho Company. are
hereby designated as the officers on whom
all citations and other legal processes shall
be served.
Said Corporation shall have power and
authority tn contract, sue and be sued under
| its corporate name, to make and Use cor
poiate seal. the same TO break or alter at will,
| to purchase, receive, hold, and convey, us
well AZ lease, mortgage and hypot hecate un.
der its corporate name property, both real
and personal, to mako, sign, and endorse
proinissory notes, bonds, drafts, and bills OF
exchange i'll tho TRANSACTION OF their business.
| 10 borrow such SUMS Of money rs may be le-
quircd in the purchase. cultivation, improve
| ment, reclamation. protection. and develop
ment of lands and other property, and all or
any kind OF improvements. and the promo
| ton of other corporate interests, and for this
purpose may Issue bonds or other obligations.
secured by mortgage upon the franchises AMI
1 all or any part o. the property. both real and
personal OF said Company, with power To se'l.
pledge or otherwise dispose Of said bonds,
and TO use the same III purchase and payment
| for property, and 10 Maine and appoint such
| Managers Directors and officers, and to make
and establish sucf bylaws, rules, and regu
lations Tor thc proper management and gov
| ernment of the affairs OF said Corporation,
as may be necessary and proper, aud the
4 ehlnc W CllAliHt, kiutuu anu utltE NJ pitaSuEC.
ARTICLE H.
| The purposes for which this Corporation Is
4 established. are declared to be, to buy hold
cultivate, improve aud sell land, and with
power to mortgage and cucumber the same
tn construct and maintain worlS Of land re-
clamstiou. drainage. and protection. to pro
mote immigration, to cultivate cotton and
0thel products Of the soil and generally to
| foster ngricui ure, and the raisibg OF stock
TO man niacture cotton and wOolen yarns and
cloths, either or both, to manufacture lnm
Der, and 10 generally manufacturo any and
all OF the raw pr0ducts Of this State: To con
tract and maintain Telegraph lines. fele
phone lines, Railways, Canals, Plank rosds
| aud covered roads: To improve aud navigats
the waterways passing through and c0ntigu
eas ~ said lands, and 70 generally develops
the resources Of tho corpOrste property.
| ARTICLE Ill
The capital stock Ia hereby fixed NJ the
snm Of ave hundred thousand dollars divid.
cd into or represented by fve thousand
shares af tho sum of one hundred dollar,
may from time to time by = majority vote
increase its capital, provided the capita
shall in No event exceed three million dollars
| ARTICLE w.
The business and Affairs Of said Corpors
ton shall be under the suiserintensirncs and
msnseemens Of 4 Boarl Of Directors, com.
posed of six stock holders, each of whom
ehall own iu,Lis own name 1t least one share
Of the CAPITAL Stock Of said CompSuy. The
consideration Of the busioess of the Compxn,
and the election Of board Of Directors
Said Board of Directors oh al be elected fol
the term of one year and . majority u thu
votes cast shall elect. In the event VI u fail
ure 70 elect Directors ut tho tiine states
the old Directors shall continue to serve unit
their SUCCESSORS are duly elected. All suel
elections shall be by ballot. Each share o
:. stock shall be entitled To one vote either i,
person or by proxy: And thirty DAYS prior no
tlee OF such election shall DO given by publ,
Of Madison, Louisiana. The said Board o.
Directors shall have full power and authority
20 appoint sueh officers clerks or agents ~
mi CnSSr "1v and ,o ,nsto anu assshi;sh y
well AZ alter aud amend any and all bylaw,
rules and regulations NJ they may deem nee
ess'.1y for the protection support and man
,ne an uni . Ie hr am" , GaS,nes'
as the plsc. aud time for annual meeting,
aud define and restrict the dutie. aud power,
q oil oiee .s % the C%paay rnree o. th'
transaction of business and any yseane.
which may oSou5 IN any Board isO'p deaI Q
esgn ai s" IT, " Iii. hu a n0 sn,.n"
mc.tiurs eject ono of the Boxrd Of Director
to be Prrsidcn of the Cooperation aud sLsl
also elect Secretary and Treasurer VIII
, sns,l give n sncn Sonas ~ tne Executive coa
At every election of Directors the Stock
holders shall , nj Tho same meeting elect tire
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