The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1888-10-06
oLFAx GRANT PARISH, La, SATURDAY, OCTOBER 6, 1885,
CHARTER

C1AhIEh
Farmers Union Commercial As
sOciatiOn of Louisiana,
(Limited.)
UNITED STATES OF AMERICA,
STATE OF LOUISIANA
Citysof Shreveport, Sept. 5, 1888.
Be il known, that on this the fifth day
of September in the year of our Lord
one thousand eight hundred and eighty
eight, Q888) and of the Independence of
the United States of America, one hun
hundred and thirteen, before me, John N.
Hicks, notary public, duly commissioned
and qualified, for the parish of Caddo,
State of Louisiana, and in the presence
of the witnesses hereafter named and un-
dersigned to-wit: ]. B. Newton and
Lemuel Gustine personally or through
their duly qualified representatives, came
and appeared G.. l.. p. Wren of Webster
parish, Linn Tanner of Rapides parish,
A. T. Hatcher of DeSoto parish, j. A.
Tetts of Lincoln parish, Daniel Morgan
of East Baton Rouge parish, P. II. DON
avon Of Caldwell parish, w. M. Mann OF
Morehouse parish, w. H. Bass OF Sabine
parish and L. A. Clayton of st. Landry
parish, who declared that, availing them
selves of the provisions OF the law Of the
State of Louisiana relative to the organi-
cation of corporations they have con-
tracted and agreed, and do by these pres
ents covenant and agree, and bind, and
obligate themselves, as well as such per-
sons as may hereafter become associated
with them, to form and constitute corpo-
ration and body polite in law for the OBJ
| jects and purposes, and under the agree
ments and stipulations following, to-wit:
ARTICLE 1.
The name and style of this co-opera-
! ton shall be the Farmers Union Com
mercial Association of Louisiana, Limited,
and by that name it shall have power and
authority to exist and enjoy SUGGESTIONS
| for the full term and period OF ninety
nine years, commencing and to be COM
puted from the date and day hereof.
ARTICLE IL
The domicile of this corporation shall
be in the city Of New Orleans, State OF
Louisiana, and all citations or other legal
process shall be served upon the preei-
dent of said corporation, or in case OF his
absence or inability to act upon, the vice
president, and in case Of absence OF both
upon the secretary.
ARTICLE III.
The purposes Of this corporation are the
following; to conduct general mercan-
tile business, and to act as agents for the
purchase and sale of all farm supplies
and products and to do all that appertains
to the handling, and receiving, forward
ing, and marketing, of said products, and
the purchase OF supplies.
ARTICLE. ~.
| This corporation shall have power by
and under its corporate name to enjoy the
following rights and privileges to-wit: II
shall be capable in law to purchase, re-
ceive, hold and enjoy lands, goods, chat
ties and property of any kind whatsoever
It shall have the right to grant, sell, mort
gage and dispose of property, to sue and
be sued, plead and be impleaded, contract
and be contracted with, to make and use
q common seal, to establish bylaws to
govern this corporation, to issue and float
debentures and other bonds, and to do 9
general printing and publishing business
j ARTICLE v.
The capital stock of this corporation h
hereby fixed at the sum of $250,OO0. Two
hundred and fifty thousand dollars divided
into five thousand shares $1,000 OF fifty
dollars ($50) each, with liberty to com.
mence operations whenever five thousand
dollars OF the capital stock shall have
been subscribed. No stock holder shall
ever be held liable, or responsible for the
contracts or faults of this corporation IN
any further sum than the unpaid baIanc<
! due on the shares of the stock held by
them, nor shall any mere informality II
organization have the effect Of rendering
this charter null, or of exposing stocl
holder to any liability beyond the amount
! of his stock.
Subscriptions for shares of the capita
!. stock shall be received qnly from trustees
elected by and representing subordinate
farmers unions holding charters from tn.
State Farmers Union of Louisiana, an(
not from individuals, and applications TO
J shares must be accompanied by twenty
, I've per cent. in cash OF the amoun
, of stock subscribed for, the balance to b
,, paid in thirty days from date OF applica
., ton, when certificates of stock shall b.
issued in the name Of the trustee stock
holder as soon as the full amount sub
: scribed for shall be paid mp.
ARTICLE VII.
Each subordinate farmers union sub
> scribing for stock shall be entitled to on
trustee stock holder who shall be the rep
, resentative of this corporation in his sub
l ordinate union giving to the finance com
, mittee of his parish union good and sui
fcient bond in the sum OF five hundre'
4 dollars for the faithful performance OF hi
, duty. The first trustee stock holder shal
, be elected by subordinate union when
l ever the union decides to apply for stoc
y and shall serve until the next annual cleo
ton OF officers of the subordinate unior
9 at which his successor shall be elected 3
serve one year, and thereafter the truste
stock holder shall be elected by the sub
& ordinate union annually at the time Z
4 the regular election of officers. A paris
convention Of the trustee stock holder
+ in each parish shall at regular annus
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