The Opelousas courier., 1886-07-17

improvement aud 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
q corporation and body polite in law, for the
objects and purposes and under the stipula-
tions and articles following, viz:
ARTICLE FIRsT.-The name and title of said
corporation shall be THE SOUTHWESTERN Lou
IsIANA LAND COMPANY, and its domiciie 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 and be
sued, under its corporate name; to make and
use a corporate seal, and the same to break
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 officers
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-
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
| Board of Directors may determine. Said
| Board of Directors however, NAV 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 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 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
| poration under the superintendence 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 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
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 ut their
first meeting in each year shall elect out of
| their own number q President and Vice
President, and shall also appoint from time to
time such officers, clerks, managers oyerseers
or other agents as may be deemed necessary
for the business and purposes of said corpora
/ tion, and may dismiss the same at pleasure
and they shall have full power and authority
to make and establish as we'll as change or
amend and alter all bylaws, rules and regula-
tions for the support and management of the
business and affairs of said corporation.
All citation or other legal process shall be
served upon the President, and in case of his
absence or inability to act, then upon the
Vice President of said corporation.
n ARTICLE EFIFTH.-Whenever this corporation
is dissolved, either by limitation or from any
, other cause, its affairs shall be liquidated un
, der the superintendent of three stockholders
to be appointed for that purpose at general
! meeting of the stockholders, convened after
thirty days prior notice, with the assent of Q
/ majority in amount of the capital stock. The
n said Commissioners shall remain in Office unit
! the affairs of said corporation shall have beer
fully settled and liquidated; and in case of thu
s death of one or more of the Commissioners
! the survivor or survivors shall continue to act
n ARTICLE SIxTH.-This act of incorpora tioI
4 may be changed, modified or altered, or sale
n corporation may be dissolved with the assen
s of a majority in amount of the capital stool
s thereof, at any general meeting of the stock
n holders of tue said corporation convened TO
n such purpose after thirty days prior notice o
n such meeting shall have been published in
4 newspaper published in the said parish of st
< Landry. Any amendment in relation to th
( capital stock will require compliance with th
( | provisions of Act No. 26 of the Legislature o
{ this State for the year 1882.
< ARTICLE SEvENTH-No stakeholder shal
n ever be held liable or responsible for the cor
: tracts or faults Of said corporation in any ful
70 ther sum than the unpaid balance due on th
shares of stock owned by him; nor shall an
mere informality in organization have the e.
IecG OF FGHU6FIug Jnib CIhFtcf uutt uE VI %
posing o stock holder to any liability beyon
the amount paid on his stock
ARTICLE EIGHTH.-Messrs. e. c. Duson, VI
0. w. Duson, H. L. Garland, Joseph Blocl
L Julius Meyers, Alphonse Levy and Geo. v
70 Hudspeth, with the said Alphonse Levy /
President, and c. G.. Duson as vice-Presiden
have been chosen and selected as tho fir
Board of Directors of said Company, to sery
10 as such until the third Monday in July, of I'll
year Eighteen Hundred and Eighty-seyen, {
lg until their successors shall have been electe'
1e Said Company shall commence operations 9
70 soon as one thousand shares of stock sha
r. have been subscribed for
D. Thus done aud passed at my office in sal
{ parish of st. Landry, in the presence OF j.
n Cain and o. II. Terwilliger competent wi
nesses, residents of said parish who here
y sign their names together with said appeare
and me the said notary, on the day and da
= aforesaid:
Original signedl
y, G. w. HUDsPETH, 10 shares
JOS BLOCH, 200 shares.
&C. DUsoN, 200 shares.
ALPHoNsE LEVY, 200 shares.
JULIUS MEYERS, 200 shares.
~ n~f,e errnr