The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1888-11-30

or THE
Lake Charles Gaming COMPANY,
EAWETEDD

| TDE IT KNOWN, That on this, the tnteenth
! - U5thD dav 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 n MAYO, 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 7. WASEf, JOHN MCDuhMlChr
| AD0LPH MEYER, JAMES W BR1AN
WMHHASKELI.. SR., DAE'LS. ALBANIAN,
STEPHtN ". MEADE,
who for themselves and such other person or
persons who may associate OF become associ-
atsd with them. sevsrally declared that avail
! ing themselves OF the general laws Of the state
relative to the organization Of corporation for
works Of public improvements. etc. they nave
formed themselves into and constitute COZ
DuratiOp 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 sttpulauons, winch theY
adopt their Charter t0-wit
ARTICLE l.
The name and title Of said corporation shall be
tht LAKE CHARLES CANNING COMPANY
-LIMITEu and its dOmicilc shall be in the City
Of Lake Charles. State Of Louisiana and by 1 hat
name the said corporation shall have power and
authority to have and enjoy corporate eIistanGe
and succession for the term OF twenty-five t25l
years from and after the day and date hereof, to
| contract sue and be sued to make and usf cor
pornte seal and the same TO break and alter at
pleasure and 10 hold receive lease, purchase and
convey, a. well as hypUthecatc and mortgage IN,
der the corporate name, property both real ana
| personal and TO have power to do all business
necessary to carry out the objects of this corpor'
alton. -
| All citations or other legal process shall be
served the President and in case of his absence
! upon the Vice President and in the case Of the
absence Of both upon the Secretary.
ARTICLE III.
The purpose for which this corporation is ostab
hshed and the nature Of the business to be carried
on by il declared and specified to be the
| development OF the agricultural resources OF TINS
| parish and STATE the establishment maintenance
| and operation OF canning and cooperating
mAnulHctOry or manufacture toI the CONVEX
sion of the products raised gathered or acquired
! by this corporation into goods. wares or COmmou-
tiles and the sale Of such products either as raw
material or in manufactured state
ARTICLE ".
The capital stock Of said corporation is hereby
! fixed at the OF ten thousand dollars $50
/ OOOJ Ia b, represented by one thousand $1,000
! shares Of ten dollars $50 each which capital
! stock may be increased TO one hundred thousand
! dollars l$IO0u9y decreased 10 the original
amount by a vote Of tTO+thirus a. Of the stock
| represented at any meeting called for that pHT
pose. IL amount. and by complying with the laws
of the state of Louisiana and il event OF sUC III
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
mencc business when five thousand dollars
(SjUOO.OO of its capital stock shall have been
subscribed. An stock will be paid for as follows,
towlt Five 5 per cent before the first day of
November, 1888: twenty per cent OIL tho first
day Of December, 1888 and ten per gent per
month thereafter until the whole amount is paid.
In subscriber to the capital stock shall
fail Il pay any lnstallment above ordered and
the shall remain unpaid for the space Of
thirty days thereafter, be 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 thu company. and no stOCkhOldeT shall
be- authorized IL sell any shares at private sale
10 any unless he shall have first offered such
share or shares to the company at the same price
he may be 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 Beven stockholders, who shall own,
in their individual name not less than ten shares
of the capital stock said directors shall be
elected annually the second Monday Of Janu-
airy the first election under this charter to be
held III 1889, such election shall be by ballot and
conducted at the Office of said corporation under
the supervision Of three commissioners, to be ap-
pointed by the board OF directors, of which cleo
! ton tcn days notice shall be given in of the
| papers published in the city Of Lake Charles,
each share of stock shall be entitled to one vote
! which shall be cast in person minors may be
| represented by their tutors, ladies' may vote by
proxy. and a majority of the votes cast shall
elect and tine directors so elected shall serve uu
til their successors shall have been elected and
have qualified. A failure to elect directors Oh
the day fixed shall not dissolve the corporation
| but the existing board of directors shall cause
! another election to be held Within thirty days
OF which prior notice OF fifteen days shall be given
! in a newspaper published in the city Of Lake
| Charles.
ANY vacancy occurring in said board from any
oaust whatever, shall be filed by election by the
remaining directors
Five directors shall constitute quorum for thC
transaction of business, and the board Of diTeC
tors, at its first meeting, shall elect OF it,
number to be President, and another to be Vice
| President, and shall also elect a Secretary ami
| Treasurer.
Said board Of directors may appoint from
time to time, and dismiss at pleasure such officers
clerks, agents or other employees, they MAJ
deem necessary for the business and purposes o
said corporation; and it may make and establish
alter and amend any and all bylaws, rules ant
regulations requisite for the support and man
1 agement of the affairs and business of said cor
pOratiOn
Said corporation shall commence business, Q
operations when five thousand dollars (S5, 00O. 90
OF its capital stock shall have been subscribe,
for, and until the first election shall be held unde
this charter on the second Monday Of January
1889, the following named stockholders Bhal
constitute the first bOaSd of directors OF said
pOTatiOn, vested with all the powers herein befOr
enumerated, and to continue in Office until thei
|
qualified, viz Seaman A. Knapp, Joseph I
Williams, Eben T. Massey, Harrison G. Drew
u Adolph Meyer, James W. Bryan and Capital
William II. Haskell.
ARTICLE WI.
No stOckholder shall ever be liable or respons
bic for the contracts faults of said oOFp0TatiO
In any further sum than the unpaid balance dn
on the shares of stock subscribed for or owned b
him, nor shall any mere informality of organize
ton have the effect Of rendering this charter nu
or exposing any stakeholder TO any liability b
yOnd the amount of his subscription for stock.
ARTICLE VIII
Whenever this corporation is dissolved, eithe
by limitation from other cause, Its affairs sha
be Gquidated under the superintendent of thre
stockholders to be appointed for that purpose
a general meeting Of the stockholders convene
after thirty days prior notice and with the asseI
of twO-thirds a. of the stock represented at an
meeting called for that purpose and In case
the death of one or more of said commissioner
the survivor shall have power to continue to &C
Thus done, read and signed at my office, in til
city Of Lake Charles, Louisiana, in the presenC
of Arthur A. Wentz and Fred q. sCalldns Law
full witnesses, who heIeantO sign, together wit