The Opelousas courier. [volume] (Opelousas, La.) 1852-1910, 1886-07-24
Charter Of the Southwestern Louisiana
Land Company.
STATE OF LOUISIANA, I
pApIau oES Landry.

for said parish OF ST. Landry oCaCe Oh LOUISE
ana aforesaid, duly commissioned and quail
fed, and in the presence of the witnesses
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 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
a corporation and body polite in law, for the
objects and purposes and under the stlpula-
tions and articles following, viz:
ARTICLE FIRsT.-The name and title OF said
corporation shall be THE SOUTHWESTERN Lou
IsIANA 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 its corporate name, for the full
term and period of ninety-nine years from and
after the day and date hereof, and shall have
power and authority to contract, sue ana De
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 its corporate name, pro,
perty, both real and personal; to name and
appoint such managers, directors and ofhcers
as it's convenience may require; and to make
and establish such bylaws, rules and regula-
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 ofsouthWestern LOUISIANA
the promotion of immigration thereto, ana 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 instaiments
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 supscriper
to pay the instalments demanded on ms stock
as required, the Board of Directors shall have
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
intendence and management OF Board Oh
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
poratiOn 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 ana
the directors thus elected shall serve until
their successors shall have been chosen or
elected as aforesaid a majority OF the votes
cast shall be necessary to elect, ana eacn
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 tne
day above fixed, the Board OF directors snail
cause another election to be neld Witnin a tnlfty
days, and cause ten days prior notice thereoi
to be given IN a newspaper pupilshed 10 saiu
| parish of st. Landry Any vacancy occurring
in said Board of Directors from any cause
whatsoever shall be filed by election by the
remaining Directors. Four Directors shall
constitute a quorum for the transaction OF
business, and said Board OF directors at tneif
hrst meeting IN each year snaii eiee6 ouL ~ oi
their own number President ana Az. wee, e.
President, and shall also appoint from time co
| time such officers, clerks, managers, oyerseers
or other agents as may be deemed necessary
for the business and purposes OF said corpora
tion, aud may dismiss the same at pleasure
and they shall have full power and authority
to make and establish, as well as change OF
amend and alter all bylaws, rules and regula
tions for the support and managemen5 OIL thf
business and affairs OF said corporation. .
i s.r,,a5 ,,non tha Pras;aanf and in case of his