The Opelousas courier. [volume] (Opelousas, La.) 1852-1910, 1886-08-07
Charter of the Southwestern Louisiana
Land Company.
STATE OF LOUISIANA, I
PARISH OF ST. LANDRY.

WDE 1T KNOWN that on this twelfth day
HID of July, in the year of our Lord One
Thousand Eight Hundred and Eighty-Six, and
of the Independence of the United States OF
America the one hundred and eleventh, before
me, Gilbert L. Dupre, notary public in and
for said parish of ST. Landry, State of i1ouisi-
ana aforesaid, duly commissioned and quail
fed and in the presence of the witnesses
hereinafter named and undersigned, person
ally came and appeared the several persons
whose names are hereuntO subscribed, who
declared that, ayailing themselves of the pro-
visions of the laws of this State relative to the
formation of corporations for works of public
improvement and other purposes, they have
contracted and agreed. and by these presents
contract and agree and bind themselves, as
we'll as such persons as may hereafter become
associated with them. to form and constitute
corporation and body polite in law, for the
objects and purposes and under the stipnia-
tions and articles following, viz:
ARTICLE FIRsT.-The name and title of said
corporation shall be The SOUTHWESTERN Lou
Is1ANA LAND COMPANY, and its domicile shall
be in the city of Opelousas, parish of st. Ian
dry, State of Louisiana aforesaid. Said cor
poration shall exist and have and enjoy sue
cession, under it's corporate name, for the fnli
term and period of ninety nine years from and
after the day and date hereof, and shall have
power and authority to contract, sue and be
sued, under its corporate name; to make ana
use corporate seal, and the same to break
and alter at pleasure; to hold, receive, pur-
chase and convey, as well as mortgage and
hypothecate, under it's corporate name, pro-
perty, both real and personal; to name and
appoint such managers directors and officers
as its convenience may require; and to make
and establish such bylaws, rnles and regula
tions for the proper management ana regnla-
tion of the affairs of said corporation as may
be necessary and proper, and the same to
change, alter and amend at pleasure.
ARTICLE SECOND. Said corporation is estab-
lislied for the purpose of developing the agri-
cultural resources of Southwestern Louisiana,
the promotion of immigration thereto, and the
purchase apd sale of lands as real estate, SO as
to provide homesteads or farms to persons i'm.
migrating thereto and in the prosecution OF
the above purposes to do all and everything
pertinent or in any wise incidental thereto.
ARTICLE THIRD.-The capital stock OF said
Company has been fixed and is hereby declar
ed to be the sum of Two Hundred and Fifty
thousand Dollars, to be divided into Or repre-
sented by twenty-five hundred shares OF the
sum of one hundred dollars each. Fifty per
cent of the amount of each share shall be paid
| in cash at the time of subscription, and the
balance shall be paid in cash, in instalments
of such amounts and at such periods as the
Board of Directors may determine. Said
Board of Directors, however, may issue said
| stock for labor done or property actually re-
ceived, under such provisions as they may de-
eide upon. In case of failure of any subscriber
| to pay the instalments demanded on his stock
as required, the Board of Directors shall have
the option, after thirty days written notice to
the delinquent, of forfeiting bis stock, with
| all amounts previously paid thereon and no
stockholder shall have the right to vote while
in default for unpaid instalments due on his
| stock.
| ARTICLE FoURTH-The business and affairs
| of said corporation shall be under the super
| intendence and management of a Board OF
| Directors composed of seven stockholders, to
| be elected annually on the third Monday in
July of each year. Said election shall be by
ballot, and conducted at the once OF saia cor,
poratian under the superintendent OF three
commissioners to be appointed by the Board
of Directors; of which election ten days prior
notice shall be given in one OF the newspapers
published in the parish of st. Landry; and
the directors thus elected shall serve until
their successors shall have been chosen OF
elected as aforesaid; o majority OF the votes
cast shall be necessary to elect, and each
share of stock not in default shall be entitled
to one vote either in person or by proxy in
the event of failure to elect Directors on the
day above fixed, the Board of Directors shai
cause another election to be held within thirty
DAYS, and cause ten days prior notice thereof
to be given in q newspaper published IN sale
parish of st. Landry. ANY vacancy occurring
In said Board of Directors from any cause
whatsoever shall be filled by election by tht
remaining Directors Four Directors shall
|
business, and said Board of Directors at the
frat meeting In each year shall elect out o
their own number President and o Vice
a | President, and shall also appoint from time t.
Y time such officers, clerks, managers, oyerseer
or other agents as may be deemed neeessar.
. | for the business and purposes OF said corpora
ton, and may dismiss the same ut pleasure
1 and they shall have full power and authorit
to make and establish, as we'll as change o
!. amend and alter all bylaws, rules and regnla
tions for the support and management OF tn
- business and affairs OF said corporation.
I ALI citation or other legal process shall b
! served upon the President, and in case OF hi
!. absence or inability to act, then npon til
Vice. President of said corporation.
ARTICLE EFIFTH.--Whenever this corporatio
Q is dissolved, either by limitation or from an
: other cause, it's affairs shall be liquidated III
! der the superintendent of three stockholdet
2 to be appointed for that purpose at generf
meeting of the stockholders, convened afte
+ thirty days prior notice, with the assent of
l. majority In amount of the capital stock. Th
said Commissioners shall remain in office unit
q the affairs of said corporation shall have bee
fully settled and liquidated; and in case of th
g death OF one or more of the Commissioner
!. the survivor or survivors shall c0ntinueto &C
ARTICLE STXTH.-This act of inc0rpora tic
= may be changed, modified or altered, or sal
10 corporation may be dissolved with the asset
9 of o majority in amount OF the capital stoc
20 holders of the said corporation convened II
.; such purpose after thirty days prior notice
d such meeting shall have been published IN
1t newspaper published In the said parish OF
v, Landry. Any amendment in relation to II
re capital stock will require compliance with Il
provisions of Act No. 26 of the Legislature
. shis State for the year 1882.
y ARTICLE SEvEETH-No stoek-holder shs
70 ever be held liable or responsible for the CO
II tracts or faults of said corporation in any fu
% ther sum than the unpaid balance due on Il
Dr shares OF stock owned by HIM nor shall OF
70 mere informality in organization have she (
. feet of rendering this charter null or OF 9
er posing stock holder to any liability beyoI
rs the amount paid on his stock.
70 ARTICLE EIGHTH.-Messrs. e. c. Duson,
nt w Dnson, ri. T.. Garland, Joseph Bloc
" JuIius Meyers, Alphonse Levy and Geo. !
m Hudspeth, with the said Aiphonse Levy
ed President, and G.. C. Duson as vice. -Presidel
n have been chosen and selected as the til
Board of Directors of said Company, to ser
as such until the third Monday In July, of t
wear Eighteen Hundred and Eighty-seyen,
= until their successors shall have been elecie
Said Company shall commence operations
soon as one thousand shares of stock sh
20 have been subscribed for
!, Thus done and passed at my Office 10 81
u parish of St. Landry, in the presence of j.
Cain and o. II. TeeWilIigar competent "
nesses, residents of said parish who here
Mt sign their names together with said appearf
ar aud me the said notary, on the day and da
ti aforesaid:
ID, Original signedl - -.
of JOS BLOCH, 900 shares.
"a G. C. DUsoN, 200 shares.
81 ALpHoNsE Levi, 900 shares.
n JuTrug MEYERS, 900 shares