The Opelousas courier., 1886-07-31
Charter Of the Southwestern Louisiana
Land Company.


Land Company.
STATE OF LOUISIANA
PARISH OF ST. LANDRY.
DE IT KNOWN that on this twelfth day
ID of July, in the year of our Lord One
Thousand Eight Hundred and Eighty.Six and
America the one hundred and eleventh, before
me, Gilbert L. Dupre, notary public in and
for said parish of st. Landry, State of LOuisi
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, availing themselves of the pro
visions of the laws of this State relative to the
formation of corporations for works of pubic
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
a corporation and body polite in law, for the
objects and purposes and under the stlpuia-
tions and articles following, viz.
ARTICLE FIRsT.-The name and title of said
corporation shall be The SOUTHWESTERN Lou
IsIANA LAND COMPANY, and its domlcile shall
be in the city of Opelousas, parish OF St. Lam
dry, State of Louisiana aforesaid Said cor
poration shall exist and have and enjoy sue
cession, under it's corporate name, for the full
term and period of ninety years from and
after the day and date hereof, and shall have
power and authority to contract, sue and be
| sued, under it's corporate name; to make ana
use corporate seal, and the same TO pfeak
| and alter at pleasure; to hold, receive, pur-
| chase and convey, as we'll as mortgage and
| hypothecate under its corporate name, pro-
perty, both real and personal; to name and
| appoint such managers, directors and ohcers
as its convenience may require and to make
foIa1 a1seE, oI, hx-1o rntp a.
tions for the proper management and regula-
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-
lished for the purpose of developing the agri-
cultural resources of Southwestern Louisiana,
| the promotion of immigration thereto and the
purchase and 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
1 bOaHQ Oh DlEGcCOES may u6tGEAlAS. Ociu
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 bis stock
| as required the Board of Directors shall Rave
the option, after thirty days written notice to
the delinquent, of forfeiting his 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
intendenee 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 office OF said cor
poPaton 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 a 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 shall
cause another election to be held within thirty
days, and cause ten days prior notice thereof
to be given in newspaper published in said
parish of ST. Landry. Any vacancy occurring
10 said Board of Directors from any cause
WnaIsoesst t saan 70 n'II To' ~ m;roctnps shaIl
constitute quorum for the transaction ol
esst anu m aaob rasr sbasl aiaet ont of
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saa;oy;.,r y d,,n,rt os tba ean;tai stool Tb
sa;g II Oh II rerma;n in Office mt;
sfo ~ ;rs nf sa;s cornarat;an shall have hee,
s,Ils aastlaJ amd 1;onlJatad and in case of Til
aanyh ~ o,,a or ,,anra af tba Eamm;ss;oner
sIa s.,rr;vor or snrv;vors shall continue tn act
sn3 Sp~,cT ern s,yra Th;s IA ~ ineornoraf
nov ha cbangad mol;f;ed or aIteredI or@ @sai,
oosy,,,ro t;o, ,sso1 he dssoIvea With The assen
oS = ;or;tv ~ ar,onnt nf tha ean;tal stocl
sisreaS y ! - INV y ga,,eral maat;nu of the stock
halders of the said cornoration convened fo