St. Landry democrat., 1889-03-09
AURE5.TEN DAVID,
CHARTER,
OF THE FARMERS 41S1oy srppry sTnpr
STATE oF LOUISIANA, !
Parish OF st. Landry. s

STATE HE LOUISIANA, !
! Parish OF st. Landry
! Article lat. The meme Of this corporation IL
thG FARMERS Union supply Store and its doiu-
! iClie VIII ne at some place near Vile Plate in
tie parish 0i # Landry. State of Louisiana.
| ART 2u' The object Oi this corporation is to
l'uIehase and aesl isTnlers supplies and pl oducp,
and to do ii atf'eral mercantile buslnesg at q
! stipulated percentage 10 he fixed and rap,.lat.f
! by g board OF 1,UsIpcs.
/ AT. 5d Inc duIuIiGn Of this corporation is
nXeu AT twenty five yeala unless sooner dissoly-
! eu oy Two tAl!1e vote oi all the ckholders vt
special QleeitLs5 b, Id for the purpose ftersiE
! days legal nuTII;e ~
! Art: 4th. Inis corporation may sue and b;
eued III us corporate name, and may bug and
! own real ami PERSONAL property. and shall har,,
! tho right to issue paid UP shares to mem bers Of
the Farmers Union in good standing culy for
cash, lumber or other property.
| Art. 9th. The capital stock OF this corDorsti,r
snall pe limited 70 twenty tive Thousand dollars
tsI2C'o 10 nc HlF,aed INTO live dollar Shares al d
nay nay commence business when enc thousand
do.lars worth OF shares have haeu taken
Art. 9th AT all election. each subscriber tn
as much as one share shall 10 entitled to vote
but no person Shall Ia entitled To more than ona
vote though No lhay own as many shares ns he,
may desire "' A'
Art 'th This corporation shall be goyerte ell
oy BOARD OF Trustees tn coreis, OF one rom
each Union interested who shall no eecte6 nv
delegates Of stockholders who will be entitled
to Que vote for each five votes in his JJnion
sncn s conventions shall be held annually on tho
| first Monday III March, at the same snon,I
| meeting they shall select manager ar TIC
Store; The President of the Board Of Truetees
shall be a member ut large, and selected bv tne
convention OF stockholders, at their snI;unl
meeting. The board of Trustees shall hold Their
oihce TIL tho next annual election and instala-
ton,
The Board OF Trustees shall have tbs ,orpa,.
to examine the books of the Corporation at anv
tlne they may see proper after giving al least
!, Two days notice to the manager, and to issue
pit1o up STOCK as per article 4th of this Charter
10 appoint ali clerks and assistants as needpd
BY manager.
The President Of the Board OF Trustees shall
9 caa together the Trustees, els the stock holders
Art. stn. Tie stockholders at their reRnlar
annual meeting shall Ax the Saiary Of the man,
aser, WHICH N y he increased or decreased st
their uexI meeting
Art. 9Th. The duty Of the iiienaeer shall tg+,
pntchase aii goods, receive and sell all paodnce
70 ne ne advantage OF the customers shall! attend
10 the keeping OF tns BOOKS, receive ali nonrys
ana control all the business pertainin1 IN tba
store. He shall also have the power to removs
an ,I clerks and asslstsn:s; He shall maze ali
nra1's nta . ana paynents In liquidation OF debts.
anu 20 pay dividends when ordered by the
board OF Trustees, which may be dons onlv
When there M ls "a surplna nf capital.
Art l0th. There shall be 8 percnr tage rlaenf
upon all goods sold sufficient to defrAv al eI'
penses, and to accumulate acapital of sufflcient
amount to DO all the business desired, and when
Stockholders shu he paid Off as tho means So
cumulats. The pay ment of stockholders To he
ordered by the Board of Trustees 'o
oa ATT. ditn aiter The original stockholders have
ent Unions who have been trs,liup nth thi.
store by the Board Of Trustees who sham thnn
aeciarei an members OF the Union who have pa.
troiliLeu the store, 10 DO stockholders in this
have done, 00 ]ncS
They shall then proceed to select q Board Of
trustees to take charge and proceed with tho
business, who shall ut each annual neeting "a,
wise ana stock claims and increase or decress.
eaGh sFockholders shares in proportion to his
q Tna nit
VINO are members of the Union in good stand
trade. ~ 'Ao'-
Art. 18th. No stockholder shall be a,fowef, IN
withdraw hls or her stock only in case Of death
then tho heirs may withdraw the deceased
interest 10 tho corporation But no
M stock can be %lthdrawn, or dividends paid
pose. "' Po'
Art 18th. Dividends may be declared pro.
l. ll.a 70 bE2eAAoideis annually at a fixed data,
"Aen the Board or Trustees may deem prouer.
to reduce the capital to an amount lust neaea.
sary for the trade
=, Art: 1lth; No stock shall be sold or otherwise
disposed Of except to members of the Union in
good standing and then only by consent Of tbn
Board of Trll=tt es. 'A '"S
Art. 18th The original atockhadars sh.,; ,o
paid eight per cent interest per annurn on their
stock, but nn percentage shail be allowed nY,ar
the original stockholders are paid oil. but tie
capltal may ne feeicft as per article 18th
art. 16th. lle manager lnay be renewed b,,
ees may direct and produce evidence OF his in
lapaeity negfec. or otherwise mismanarmsnH
iie 81 shall al give bond for The faithful dischsre"
If his duties II the sum OF twiee the ap,nunf e.
nay have IN MS hands ILjeh may b,, rrra.saS
'r decreased as the business may demand.
The board 0: Trustees snail set and raco;,,,
he bond, "A" 1eee!Fe
Original signed: ]. L. Penny, Lnoius Lapdra-
Done passed ard signed on the day above
written III presence of Toribuss Fontenof an,,
nS Sie,,, itu.srS aIter reading OF the whole,
Iorieus Fontenat. c D. Quirk, "''aesscs
1hls is 10 certify that i have eya,,;-oa a.,
or thsIsa As5 ana notp
,iove the san,s-siened,; Jcnn n 'nns,dnnpon nadap a-
ATTY, 1psiousas, Frn. 25th 1889 S~'A' o!st-
Filed Fec. 25ta, 1889.
STATS OF LOUISIANA
hereby certify that tie above ard forepoi,s,
md OF record in my office. " ~"
Witness my hand and seal Of ofg9ce m r,.,,t
as, La, this 2s,h day Of Feb, 4. D. 1889.
ALFRED PAvY,
n'T' Clerk,