The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1888-10-27
NEW ADVERTISEMENTS.
ACT OF INCORPORATION
The Monroe Cotton Yarn and
@ Bagging Factory.

DE n KNOWN AND REMEMRERED
- thae before mo Dennia N. Sholar1, no
Il anil s aay psa's of Ell ssa
state or Louisiana. on tho -th day OF Oceo-
ber, lSsS. personally camc and appeared the
sollow!nE named citizens Of said parish and
Andrsw 4. .Ganhy: Robert Layton, Fred
samuel wai'ia y VS., 9; ksSas 9 + ' as.,,.
Robert ). Nelson, 6: >. JoSsses. 1Ao.ak
81. Kindermsn. !. Basr and J. Il. 11ons.af
and isnsd thssasalvsa feeo. 8 0sF9S1so
lana for the pasposss end q - A1e
Tho Monroe Cotton Yar1 end 1aoRtnR
Factory and by that name e eha1l 81 81
b. sgd; !ptSSvidsa ta:s ei :. - ~
Dlrectozs ~ hereinafter spoDaoaA. zAlH
corporation shall exist N6e nlneEY-A1Ho
years. It's domicile shal b MouroN ~ y
III. Fs
The purpose and object for wAteA 49,
corporation y sosmsd |. , eas msse1ssesssss
Of cotton anto yarn. cotton heo4laq -
o&hsr 1abrics Whenever deemed a1v1laSl0
or necessary, aud, to that end. tAe PossAaee
operation Of mills and the pesiosma1oAor
al Other a. acts pr pseeis e
refsrsncs to Article 1o7 OF che Consolidation
Of the STATE OF Louislene, - anoadeA p
lass, and that the capital. nnorh!neEy ~
acquire aud employ In Ma businaaA aAAl
bo exempt from taxation for polloA q
twenty years from the adoption q saa6
CONSTITUTION rr. 't.S'',r
The capital stock Of this corp0selteA
nhall be ono hundred thousand (t0h0o(
dollars, divided iuto two thousan6 eoase3
81 e q. y 90 .sx A. s.
shall b. entitled to one vote for each shaFa
Of paid.up stock he may hold. me stock
of the y q
determine and require. 4,,.,,
... Nv. t..
The affairs OF this corporation shAll -
cond ucted, and It, businSas transacted sAa
ns sss ~ sn sSsra 81 q, ~ xso s.
stockholders, and ahait b elected By ma.
ljority Of the stockholders q "a aneual
%': :aa 70 3. ana. s:; .ar y q:
Of Monroe. Tks Art ton moor osssssA
hereinbefosc named shall oonsIlssee =
ganisetion, Obtaining. and colleosin0 aeS-
Of data and bids ier work 70 b dose. '6st'
no purchases shall b msds BY this -
until sitter . general meeting 81 tho aA0ok-
holders, which shall be called - soon g
my thousand dollars OF the stock hos hssa
| subscribed. .T5
Tho Board OF Directors shall elect fronl
their number president, secretary en1 .
treasurer. The treasurer shAll otvo hoNA
tio'ooSS ton sHous:nd dollars ' and nd ior uaoss
| II required by the Board. He shall Aoop
aiithe funds Of tho corporation sad dlsbusGe
u sss by sSs no.
OF Directors shall have full and pAesasY
power 70 make all contracts, asresm6nsaana
relating 70 and So
business OF the mandatory h0foaA6oeose
bo borrowed by said Director:. vtthost
stockholders; and provided further .shas
the Directors shall never vote theEnsoAvsA
or their ohicers, any compensation or 81
| Of iH the stocEhoiders. riley shall have pov:
or to select and buy n site for the Outdlnuo
| needed by said Inanufactory, to contract
bu b., 'o on such terms, ~ they dssm cxpsdi.
cd for the business OF said manufAolory, -
e es.e and tosn sSeIr oompsnsstion, q p:r
generally to do and perform all such aals,
/ N are CuutOtnAry IN inc mano&Omo0t ma
| for tho interest ofthe cotton uIActuttNg
business, ard all tho contracts and acts q
said Board of Directors shall b0 bindiu0 on
this corporation and It's property. ~
vi. ....... Ia
The meetings Of tho hoard OF DlroCtosa
and the duties OF It's officers, shall b eov-
erned Ivy rules and regulations 10 bo adopt.
ed by them. A majority Of the Board shall
| constitute 4 quorum. ... .-r.sisl'I -,
! VA .Ht ..rEil
immediately after the signing of this a0t.
| tho hoard OF Directors herein provided ~,
shall elect secretary whose duty is shall
be to provide himself with . subsssiptleA
book In which he shall receive subrCxiPsiOns
TO be signed by the person subscribing,
spsci lying tho amount and number Of shar6e
! subscribed for. The secretary shall not
receive subxcrir tons from persons Who la
his Judgment are not good Tor tho amount
| subscribed, unless such pOrson gives eocur-
| fly. The act Of signing the subscriptions ia
said book shalt croato = legal obligation, on
the part OF zach subscriber, TO psy the
| amount subxcribed to tho corporation proSi-
dsd the nmoant OF my Thousand dollars y
subscribed by all tho Subscribers: aud,
] provided that the Directors s0All, at their
| discretion, sue tor subscriptions unpaid, In
| whole or in part, or drop such subscrip-
tIona from the books OF the company and
f-4.t NJ StSx ts<Sf< a. IA