The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1888-11-10

Andrew A. GUnty. Robert Layton, Fred
sssasiw T. ss'xx;ss :;: o::' n&'ss
Robert J. Nelson, 9. 4 Johaaea, .y1nnas
& hksSs nS:.S:;p q E s.s ss :as s:s;
= Who dseiss: shss they hSvs ssssessss3
and formed themselves iato 1 eofpos0kSon
and body polite under the la@e ~ xoaas-
provided and - 10Th.
1he name Of this corporation eAau b.
The Monroe Cotton Yarn aud 0nRtoG
Factory and by that name Il aAaal e,le CD
served on the Presidsnt Of - 0oosa q
corporation shall exist f6r nissey.nias
years. Its domicile shall be Monroe.
~ II.
The purpose and object Tor Walsh sAis
r. ,ap s Is - me os
Of cotton into yarn. cotton be0ateQ and
other fAbrics whsnsvsr dssmsd aavhAhlo
Q. necessary. and, to that end, The P1scA1se
operation Of mills and the periormo1oo ~
out the purpose Aforesaid. Il : hsssey d.
reference TO Articie so7 OF tho Consultation
ASS. and tina. the capital. .nscAinesy and
ssaSrsP "ss sst i IL s
b exempt from taxation for . posiod Of
twenty years from the adoption OF aaiA
constitution. lo. IL 1'lSl1 aIlI
shall be ono hundred tlioNAand VlOo, 0OQl
dollars, divided into two thousand ShaIt1
!0ool q my lsSl dSll:m escS; A. ~ Mcst.
Of paid.up stock no may hold. The otUcE
subscribed for shal! 10 payable In such ia-
stallmenta - the Board OF Directors may
determine and require. 49,. ~
Tho affairs Of this corporation shail b.
conducted, aud Ito business transacted aud
managed, by . BOARD Of DlvsctoRs oonaaes-
Ing Of ton members. Al Of whom SHAH b
jority Of the stockholdsvs at On aaoual
meeting to b called by the president
Of said board, amor thirty day: advertise
on Az - %. s:s
hsreinbei0re named shslt consiitatS =
Dosrti Of Dlrse.or: for the pS,po:e Of or
limitation and s ole sss
OF data aud bids for work to b dons. 0us
no purchases shall b made BY ,!hls RoarA
Son n;f sS. 5: a.,S e :. =. .oo
Any Thousand dollars Of the stock hos sssa
subscribed. i'"n ~ !. dojdw ~ m.e.
Tie hoard OF Directors shsll elect from
:s H.. .s: 10y So 80.
tio. oo5S ten Thousand dollars and tor more
II required by the board. He she'll Assp
alltho funds OF tho corporation aoa dlebnsoo
the came ON the order Of the Prleideps =
shall be directed by the Board, The Board
Of Director. shall have null and plonAry
obligations relating TO, and ne9ssssry a0r
the establishment and Transaction Of the
business OF tho manufaetory hsrSinbssofe
Described; provided ~. !'e T, no money eea!!
special authorization by meeting OF the
stockholders; and provided further tLst
the Directors shall never vote thsnssslvec,
sry, without submitting same 70 : meeting
of the stockholders. They shall have pow
or to select and buy elite for the bUIldin6s
needed by said msnniactosys % oonsrat:
buy on such terms, ~ they deein expsdI-
ent, all tho machinery and materials seed
ed for the businese of said mandatory, tn
ers. and tpifx their compensation, to par.
Chase cotton, to sell mHnUfactufos,. and
generally to do and perform all such Acts,
g are customary A. the I'D
business, and all tho contracts aud acts 81
said Board OF Directors shall b. binding on
this corporation and Its property. a.-r. ...t
The meetings of tho Board Of Directors
erned by rules and regulations to be sdopt-
cd by them. majority OF the Board shail
constitute = quorum. .If. - t.s45f .....
20" tsua ,f4. WI. rr.I!I ....,ti.s. i.,.
Immediately after the signing at this cot,
the Board of Directors herein PROV idsd for,
shall elect q secretary whose duty IL shall
be to provide himself with q subscription
book In which he shall receive subrcriptious
10 he sigued by tho person subscribing,
specify ing { he amount and NUN Dor ofshar0s
subscribed for. The secretary shall not
his Judgment arc not good Tor tho amount
subscribed, unless such person glvos socur-
ty. The act of signing the subscription In
said book shall create y legal obli4aGiOn on
the part OF each subScrib9r, to pay the
amou mt su bxcribed to the corporation provi.
ded the amount Of fifty thousand dollars 10
subscribed by all tho subscribers: and,
discretion, sue Tor subscriptions unpaid, In
whole or in part, or drop such subaerip-
tious from the books OF the company and
deny the rights OF \ stockholier TO the
maker of such subscription.
Whom the sum OF fifty thousand dollars
has been subscribed. the acting Board OF
Directors shall call meeting OF he stock
holders to elect new Board OF Directors
and take such other action M they may
deem wise and beneficial. '.I =
.f r VIII. s.....s. ~ l
Thi. act OF incprp oration may lie amend.
ed ut any time, by n vote vi - msj0yity OF
the stock holders in number aud amount,
provided that any dividends earned by the
cor poration shall be paid annually unless
! twG-thirds of the stockholders vote other
wise. , ..
Thus done aud signed in the presence o,
W. II. Mccormick and j. Is. Pollard, legal
nd a uv nd