St. Landry democrat., 1889-08-03

OF this Corporation IN any further sum thal
! the unpaid balance due OIL the share Of stock
held by him, nor shall any mere infornality in
| organization have the effect Of rendering this
! Charter null. or of exposing stakeholder to
| any liability beyond the amount OF his stock.
! ART. C. Subscriptions for shares in the cap
tai stock shall De received only from individual
members in good standing of subordinate
Unions holding Charters from the State Farm
crs Union OF Louisiana, and application for
shares must be accompanied by fifty per cent
III cash Of the amount of stock subscribed for.
and the balance to be paid within thirty days
from date Of application. E1"n certificates Of
stock shall be issued III H." name OF the stock
holders. as soon az the fnl atupunt subscribed
! for shall be paid W.
ART. :. Each sui,-unun whose members
subscribed for stock shall he entitled to one
delegate for each ten shares or fraction thereof
said delegate TO be elected by those members
subscribing for stock and from their nuln bei,
said delegate to represent said Stockholders in
4 Parish Convention to be held annually for the
election Of a board OF directors.
ART = All The corporate rowc!$ Vi li!s Cor
pOratOn shall DC vested in and exercised by IL
hoard of nine directors, five of whom shall con-
sttnte; / quorum for the trausaction Of bust
ness; the delegate representing the stock
holders or this Corporation shah elect these
directors from their number on the third Wed
nesday OF July 1856 and thereafter on the third
Wednesday, OF only OF each year at the OIiCe vi
this Association; tte majority Of the votes cast
shai! elect, and each ten shares VI stock shall be
entitled to one vote to he cast by the holder
thereof, either in person or by proxy and the
directors then elected shall serve and continue
in office until their successors shall have been
elected A failure 10 elect directors on the date
above Epccltied shall not dissolve the CORPORA
ton but the then existing board Of directors
shall conlin,,, to hold their offices, and another
election shall he held within thirty days there
after, whereof ten days prior notice shal, he
given i'll one Of the weekly newspapers pub.
liSlled i'll the City of Opcluusas and in tho OF
fetal journal OF the Farmers State Union Of
Louisiana. Vacancies occurring in the said
board from any causes whatever shall he filled
by the remaining directors from among the
eligible stockholders Of the Assucintion TIT.
board OF directors ut their first meeting in each
year, Oh the day following their election shall
elect out Of their number 1t President, Vice
President and q Secretary, as well az appoint
from time to time, and DISMISS ut their will,
such managers, clerks, agents and EMPLOYEES as
may be Declined necessary for tie business and
purposes Of this Association, and fix their re-
mu1rristion, and make and establish as we'll IA
annul and alter all bylaws, rules and regula-
tons deemed requisite for the support and
management OF the affairs and business Of the
Corporation.
ART. {" The business uI4uaSer Of the ST. Ian.
dry Paris Farmers Union Commercial Asso-
citation shall be elected annually by the parish
Farmers Union at It's regular meeting in July
OF each year.
ART. 10. All profits earuud shall be Applied,
first, to pay all operating expenses second to
pay ) per cent per ennum on tue amount of
any shall be distributed amongst tile stock
holders.
ART. II. This act OF Incorporation may be
changed, modified and altered, or said CnrDor;,-
ton may be dissolved with the consent of threo
fourths Of the stock represented and a majority
of the amount thereof issued at any general
meeting OF the stockholders of said Corporation
convened foy such purpose after thirty days
notice OF SAID meeting shall have been pre-
vously given by advertisement in ono weekly
paper published in the City Of Opelousas and IN
the Ofhclal Journal Of the Farmers State Union
of Louisiana.
ART. Il. Whenever this CORPORATION NAV he
dissolved, either by limitation OF its Charter or
from any other cause, its affairs shall be lioui-
dated by three Commissioners to be appointed
by the stockholders at d general meeting called
for the purpose; said Commissioners shall re-
main i'll office until the affairs of said Corpora
ton shall have been fully liquidated and in
missioners, the said survivor or survivors shall
continue to act.
ART. IL. BY Firture or the authority vested
III the Conmlttee on corporation elected at the
last meeting of the st. Landry Parish Farmers
Union OF Louisiana, the members of said Com
mittee are hereby declared TO be the first board
OF directors and shall hold Office until the first
election under this Charter on the third Wed
ncsday OF July 1890, orunti their successors are
duly elected to-wit: George Puford Lucius !
David. g. L. Hawkins. A. Vidrine, Lawrence
Bushnell, A. 1. Fontenot, E. L. Ortego, NJ. Ro- !
ident; Lucius David Vioe-President; q, r, (!
Hawkins, Secretary, and Alcin Vidrine Treas.
urer.
GEO. pULFORp,
LrCIUS DAVID.
LAWRENCE Bushnell.
Per GEO. PULFoRD,
Il. T. HAWKINS, !
ELL CLARK, I
Per G. 7. HAWKINS. /
ALCIN FIDRINE.
A. L. FosTENoT.
&. E. ORTEGo. I