The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1888-11-16
CHARTER
OF THE
Lake Charles Canning Company,
NImITED0
UNITED STATES OF AMERICA,

UNITED STATES OF AMERICA,
STATE OF LOUISIANA PARISH OF CALCABIRU,
CITY OF LAKE CHARLES. }
DE IT KNOWN That on this, the Fifteenth
ID Q5th) day of October, in the year of our
Lord one thousand eight hundred and eighty
eight, and Of the Independence of the United
States the one hundred and thirteenth before
me, AUGUSTUS NJ. MAYO, a Notary Public, duly
commissioned and qualified, in and for said parish
and State, and in the presence of the witnesses
hereinafter named and undersigned, personally
came and appeared,
SEAMAN A. KNAPP, JOS. L. WILLIAMS,
EBEN F. WASEY, JOHN MCCORMICK,
ADOLPH MEYER JAMES W. BRYAN,
VIM II. HASKELL. SR., DAN L s. A, HARTMAN,
SIEPH'N w. MEADE,
who for themselves and such other person or
persons who may associate OF become associ-
Ated with them, seYeHlly declared that avail.
ing themselves Of the general laws of the State
relative to the organization Of corporations for
works of public improvements, etc, they have
formed themselves into and constitute q cor.
pOTRtiOn, with all the powers vested by law in
such corporations, and do by these presents cove.
nant and agree and bind themselves under the
following agreements and stipulatiOns, which they
adopt as their Charter, tO-wit:
ARTICLE |.
The name and title of said corporation shall be
the LAKE CHARLES CANNING COMPANY
LIMITED, and its dOmicile shall be in the City
of Lake Charles, State Of Louisiana, and by t hat
name the said corporation shall have power and
and succession for the term Of twenty FIVE (25)
years from and after the day and date hereof, to
contract, sue and be sued, to make and use cor.
pOTate seal and the same to break and alter at
pleasure and to hold, receive, lease purchase and
convey, as well as hypOthecate and mortgage
der the corporate name, PROPERTY, both real and
personal and to have power to do all business
necessary to carry out the objects of this cOrpOr
alton.
ARTICLE H.
All citations other legal process shall be
served on the President and in case Of his absence
upon the Vice President, and in the of the
absence Of both upon the Secretary.
ARTICLE LII.
The purpose for which this corporation is estab
shed aud the nature Of the business TO be carried
on by it, are declared and specified to be the
development Of the agricultural resources of this
parish and State the establishment maintenance
and operation Of canning and cooperating
mandatory, or manufactures, for the Cenver-
sion Of the pTOduC Is raised, gathered acquired
by this corporation into goods wares Or COmmOd
tiles, and the sale of such products either as raw
material OF in q manufactured state.
ARTICLE ".
The capital stock of said corporation is hereby
fixed at the sum of ten thousand dollars 60,
600, to be represented by thousand 10000
shares Of ten dollars Go each, which capital
stock may be increased TO one hundred thousand
dollars $l000O0) OF decreased to the original
amount by vote of tWOtlIirds "a Of the stock
represented at any meeting called for that pur-
Of the State Of Louisiana and In event of such in
crease, the original stockholders shall have the
right and privilege In proportion to their stock
then held, to subscribe TO such increase Of stock
at the par value thereof
Said corporation shall be authorized to com.
mence business when five thousand dollars
subscribed AL stock will be paid for as follows,
t0wit Five 90 per centon or before the first day Of
November, 1885, twenty per cent. on the frat
i, init Aba Rbnla Ia uof
In case any subscriber to the capital stock shall
fail TO pay any installment as above ordered and
tho same shall remain unpaid for the spaee Of
thirty days thereafter, he shall forfeit to the
company all amounts previously paid and all
rights obtained by and under his subscription,
at the discretion Of the board Of directors.
ARTICLE V.
Transfer Of stock shall be made only upon the
books of the company, and no stOckhOlder shall
be authorized to sell any shares at private sale
share or shares TO the company at the same price
be may DO offered for the same.
ARTICLE VI.
All the corporate powers of this company shall
be vested In and exercised by board Of directors
composed Of seven stockholders who shall own,
In their individual name not less than ten shares
of the capital stock said directors shall be
elected annually on the second Monday of Janu.
AIRY, the first election under this charter to be
held In 1880 such election shall be by ballot and
conducted at the office Of said corporation under
the supervision of three commissioners, TO be APP
pointed BY the board Of directors, Of which elec'
tion ten days notice shall be given In one of the
papers published In the city Of Lake Charles,
each share of stock shall be entitled TO vote
which shall be cast in person. minors may be
represented py their tutors, ladies' may vote DE
elect and the directors 90 elected shall serve
I'll their successors shall have been elected and
have qualified, 4 failure % elect directors, on
the day fixed shall not dissolve the corporation,
but tho existing board Of directors shall cause
another election TO be held Within thirty days,
Of which prior notice Of fifteen days shall be given
n . newspaper published in the city Of Lake
Any vacancy occurring in said board, from any
cause whatever, shall be filled by election by the
remaining directors.
Five directors shall constitute a quorum for the
transaction Of business and the board Of direC-
tors at Its frat meeting, shall elect one Of its
number to be President, and another to be Vice:
President and shall also elect Secretary and
Treasurer.
said board of directors may appoint, from
time 70 time, and disnias atpleasnTe, such officers,
clerks, agents, OF other employees as they may
deem necessary for the business and purposes Of
aaid oOTpOTati0ni and Il may make and establish,
alter and amend my and ~ byJlaws, rules and
regulations requisite for the support and man.
agement q the affairs and business Of said cor
pOTati0n.
Said corporation shall commence business, or
operations when i've thousand dollars (S5 600 Q0)
OF It's capital stock shall have been subscribed
for and until the first election shall be held under
this charter on the second Monday Of january,
1850, the following named stockholders shall
constitute the frat board of directors Of said cor
poTatian vested with al the powers herein before
enumerated and TO continue Ii Office until their
successors shall have been elected and have
qualified, Viz Seaman A. Knapp, Joseph i,
Wtlliame, Eben n Wasey, Harrison q. Drew,
Adolph Meyer, james w. Bryan and Captain
William II, HASKELL
ARTICLE VII
No stockholder shall ever be liable Or resp0nsl-
bic for the contracts faplts Of said corporation
ID any further sum than the unpaid balance due
on the shares Of stock gnhscRihad for or owned BY
him, nor shall any mere inf0Tmhlity of organize.
ton have the ehect Of rendering this charter nall
o. exposing any stQclkholder to any liability be.
yond the amount 81 his subscription ior stock.
ARTICIE yuI
Whenever this corporation Is dissolved, either
by limitation Or igpm other cause, its affairs shall
be hqnidnted uuder the superintnndAnch Of three
atpekbnders 70 be appointed for that purpose az
q general Meeting q the st9eAholdens convened
aitar T. irty days PRIOR a0aee and with the assent
~ tw0-thiTds 0l 81 the stock represented 1T any
meating called for that purpose and ID ease Of
the death q one O. mpse q sad commissioners,
ta atKlY NVr pilgfl ilyb PeWs5I npltsiTTs 80
THUS aQlle. read end signed ~ MY aliee, ID The
City Of Lake Ghaflcs Iouifana, Sd the nfoaenes
" Arthur a. Weats AID Rr5i q calkins law