The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1888-12-29
NEW ADVERTISEMENTS.
CHARTER OF THE
FARMERS Uniohsto Operative
n - : Association"

Farmers UnlonawE0-Operatlve
~ - Association"
.,.s. - sLt1EME1TTEp.l 9 - no 80
~ AEfIcE IL 4 =
u,H1s CORPORATION SHALL BE
). rsrmer's Union. Cos6persetse Association
-Limited;" its domicil shall be in tho city
of West Monroe, La, and il shall exist ana
years from the date jletsoi unless sssasf
Tho president OF the corporatiop-or in his
absence the secretar end lSe s.;n,s small ,;,a
other legal process shall be served.
H. ~ A1ARVICLEiIt. / - - q
The objects and purposes of this corpora
ton are declared tobs: to bny and to sell
in its corporate name and eapacity, every
species Of property, both real and personal.
and particularly 20 carry on in the city OF
west Monroe i general mercantile BUSH
ness with the right to buy aud to nal! lner-
chantiise and produce Of every description
S which and a smoT sns asa3s sa,s and
other auxiliaries 40: the necessities ~ the
business may require. M
G5!s ~ 80 ARTICLE IfT.
The capital stock of this corporation is
hereby fixed ut not less than i've thousand
dollars with privilege of extending to my
Thousand dollars. Tho number OF shares
of stock shall be Il, 080 at par value OF
i've dollars each, payable on demand IN
cash at the time of subscsfption.< Il ~
80 ARTICLE ". ~. s,,'t,1.
ANY member Of the Farmers Union, in
good standing shall be entitled to take
stock ARTICLE TIC vi | n l. "
All the corporate powers Of this company
shall be vested in and be exercised oy q.
hoard of Directors Ito be composed lof
eleven stockholders: J. r. Edwards, koot.
McCrsry, g. f. Mckenzie. s. r. Lew ts, ~
D. Wallace John X. Hester, ). s. aenty,Jt
y. Taylor. g.. w: Ward: oliver Gaik, Sand aaa
of Directors with j. II. Edwards ~ preat-
dent, s. =. Lewis as secretary, ana -. N:
Mckenzie as treasurer, and the said hoard
shall hold their offices until the first Mon
day in December, 1889, or until their sue
cessors are elected and qualified, and on
the first Monday of December, lSs9, and on
ton for choosing directors shall DO hold at
tho office of the company. majority of tho
votes cast shall elect, each stoc kho!der to
be to hs to
by ballot, and any vacancy occurring on
SAID Board shall be filed by the remaining
directors.
ular meeting Of the stockholders. shall not
dissolve the company, but the directors
therein office shall continue to exercise
functions until q new Board Is eie s;te
stitute quorum for the transaction of bus,
mess, and said Board OF DIRECTORS as well
as the one herein provided for. shall have
Repuiations for the transaction of the busi7
ness of said company as may DC necessary,
and to cause to be made and to use cor
porate seal with such device as they may
selest, and shall elect all officers herein
provided for. aud such other ofhcers As the
necessities Of the business may demand.
ARTICLE vi. ~ .l,.t.. a.t'
No member holding stock in this cor
poration shall have the right to Withdraw
bis stock under five year, 1nd not s,s even
against this corporation, and in no case
shall there be a withdrawal fstock except
upon a two-third vote OF all the stocknol-
ders, and no member making apphcetlon
p'''"''o''' ARTICLE VII. ~i'r .''.r
All profits earned, and all effects Of the
corporation shall first be applied to the
and the iiqnidation Of all Indebtedness
OF the corporation, and second, to be dis
tributed pro rata among the stockholders.
ARTICLE VIII. /g.,.4
This charter may be amended or this
corporation dissolved by vote OF two
thirds of the stockholders present or rep
resented at q meeting of the stockholders
convened for that purpose after fifteen days
written notice shall have been given to
each stakeholder, OR after fifteen days pnpll.
cation thereof in one of the newspapers or
the City OF Monroe as the President may
Special meetings of the stockholders may
be called by the president, or In his absence,
by the secretary and Treasurer, at any time
upon similar notice. .-f ..,I,
In the event of the dissolution, or ut the
expiration OF this charter. the liquidation
of the affairs OF the company shall be con-
Quoted by two commissioners to De elected
by ballot at general meeting o. we stock-
majority Of the stockholders present. or
represented shalt elect. .
: rhe commissioners thus elected shall at
once proceed to settle and wind up the bus
ness Of the corporation; soil. or othewise
liabilities, distribute the excess pro rata
among the stockholders. ,t.
ARTICLE TX.
No stock holder of this company shall
ever be held liable or responsible tor the
contracts or faults of the same in any FUR
Their sum than the unpaid balance due 10
the company on the stock owned by him,
nor shall any mere infornality in orsani-
cation have the effect Of rendering this
charter null. or OF exposing any stockhold-
ers to liability beyond the amount OF his
stock.
December, 1883, at the city Of Monroe, La. !,
in the prt sence of $. p. Lewis and X. A.
Young, competent witnesses, who sign
their names hereunto, together with the
parties to this act, and me, clerk and ek-
J. Il. EDWARDS,
ROBT. MCCRARY,
Attest G. f. MCKENZIE.
=. !: f. sY oiJNa. W.
- AUSTIN GREEN,
} Clerk and ex-ofiicio Recorder