The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1888-11-17
: NEW ADVERTISEMENTS.
\ ACT or INCORPORATION
The Monroe Cotton Yarn and
Bagging Factory. g,

..--0es661AS oOtVIys
DE 1T KNOWN AND REMEMBERED
ID that before me Dennis III. 6holays, No
IN sna Tor Y. ps9sh of and
State Of Louisiana, ON the -th day OF Ocea,-
ber, 1855. personally camo end appeared the
soliowing named cis,sens Of said pariah and
Andssw 4. Ganhy. Robert Layton, Fred
SaS%' af%Nn g. seEKs sca. No. E'a:.
sas:.s TIN Nelson, 5 SHsesos, 1 rSs'
II. Kiaaermsn. !. Basr and. J. u. 1iessoeS
and formed thsuaslves Into q coipesaAaoa
and body polite under the laws % LOUIS
lana TOR the purposes and in The 0AnA0e
hereinafter provided and sst forth, 5aG
1 eeha ~ Nfs'; L. FSa'al sAt hiil r'i'
TIL. name Of this corporation aks,l -
The Monroe Cotton Yarn ana 6aeain9
Fsctory and BY that name i .Aall eex an1
Directors ~ hsrainaltsr spssiasd. TAis
corporation shall exist for ninsty-nin0
years. Its doinicile shall be Monroc.
The purpose and object for whlch shas
corporation IL formed Il the nlanuH1se0so.
Of cotton into yarn. cotton beSglug 81
other fAbrlcs Whenever deemed 06v1Mbl0
OF necessary, and, TO that end. the purchaoo
Operation Of mills aud the psriormSHce of
all other acts necessary or proper - carry
out the purpose Aforesaid. Il y hereby de-
sss AZ oe 4. Ma
OF the state Of Louiaiane, - amsndeA Ia
ilass. and that the capital. msnhinssy and
other property that :std cosposatlon mAI
b exempt nom taxation for : poiiod Of
twenty years from tho adoption OF ssiA
CONSTITUTION ru pae,s.
The capital stock Of this corporation
ahail DO ono hundred Thousand (iO0.OoO)
dollars, divided into two Thousand shareo
{2o00) Of Any go dollars each. Al all meet
shall be entitled to one vote for each share
Of paid.up stock he may hold. The stock
soh:orioed for shall be p.ysel: In such In
determine aud require. Hl- 4s.s.ltf
The STAIRS OF this corporation shalt be
conducted, and its business transacted aud
managed. by Board Of Directors consiet-
. ss Sd aud shall 30 sleetsa b y1 ma
jority Of tho stockholdoYa 1t an annual
meeting to be CALLED by the ppasldone
Of .s sS a aes S.z; in Z: y,
Of Monroe. The arst ten incorporates
hsrsinbefore named shall constitute .
e for aha ai q
scriptions. correspondence and ooilsotion
Of data and bids for work to bo done. Hut
no Pnrchass. shall be made by !his goa.d
holders, which shall be called 90 soou q
any Thousand dollars OF the stock has hsea
subscribed. gp .ss..4sz. ss .s.tt..
Tho Board OF Directors shall slscs fren
their number prsident, secretary end .
treasurer. The treasurer shall give bond
With good security @. sum not Les than
II required BY. the Board. He shall koep
allthe funds Of the corporation and disburss
the same on tho order Of the presitent =
sS hs. and
power to make all contracts, agreomonta end
obligations relating to and necessary for
the cstsbii:h me .nd transaction q The
described; provided thst no money ehall
10 borrowed by said Directors, without
special authorization by !. meeting Of she
tSs Dirsctors shall never vote thsmss,vss,
or their omcsrs, any compensation or cea-
sry, without submitting same 70 . nesting
sr to seiect ana buy site for the Suildinss
needed by said manufactory. to CONTRACT
for the buildings required, 20 select ana
emit, ali the n.chinery aud matsriais nesd.
al Tor the business Of said mAnufActory, 70
hire . suPerintendont and other employ
and tea. their ri, fGompsns;ssIon 70 par;
generally to do and perform all such acts,
9 are customary In tho management and
for the interest ofthe cotton manufacturing
business, aud all the contracts and acts Of
said Board Of Directors shall BIO binding on
this corporation and its property. ,8.
3. ray h.. vi. =. Yin.
Tho msetings OF the Board OF Directors
and the duties Of it, olhc0rs, shall bo E0v-
ornod by rulos and regulations 10 DO adopt
cd BY them. majority ftho Bosrd shall
constitute quorum. -ia Use" "f..E
VII. af -I f'..-ia.
Immediately after the signing of this cot.
the Board Of Directors herein provided osr,
shall elect y secretary whose duty IL shall
be TO provide himself with subscriDtioe
book In which he shall receive subrcriptioua
TO be signed by the person subscribing,
specifying tho amount and number OF shar0o
subscribed for. Tho secretary shall not
recsive subscriptions from persons who II
his judgment are not good Tor tho amount
subscribed, unless such person gives aecur-
ity. Tho act Of signing tho subscriptton IN
said book shall create = legal oblixstiou on
tho part OF each subscriber, to pay the
amount subscribed to the corporation proyi-
dod the amount Of fifty Thousand dollars IL
subscribed by all the Subscribers: and,
provided that the Directors shall, at their
discretion, sue tor subscriptions unpaid, in
whole or In part, or drop such subscrlp-
lions from the books Of the company ana
deny the rights OF = stockholdor to the
IL. IL