The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1889-01-19
LEGAL ADVERTISEMENTS.
CHARTER OF THE
ID. ssasxsa5z-szse - sSssfSe
Farmers Union cooperative
Association. - 1, p
ILIMITED.l
article 7.

l-IInited;"itSd otntcit shall be in the city
4. of West Monroe. La, and il shall exist ami
i enjoy succession for 4 period of nj nety- nine
Years from the date hereof unless sooner
i dissolved. Z .-r..ri..,f 4-ss.s.t :, y Ia $
The president OF the corporation. or in his
absence the secretary and treasurer. shall
be tho officer upon whom, all citations and
other legal process shall be served.
t@ra~y, ARTICLE II. a'sa s-sa.-s es,
The objects and purposes of this CORPORA
! ton are declared to be = 70 buy and to sell
in it's corporate nanie and capecity, every
species of properly, bothres and personal.
| and particularly to carey ON In the :oity of
| West Monroe a geilorels naercaaeit0sO Nsi.
ness with the right to buy and TO sell mer-
chandise and produce of every description
] which may enter into oonlnerce,s aud to
own and employ such drays, floats and
other auxiliaries as the necessities of the
| business may require. +, 5000 3t-s-,ts
! a. sara ARTIcL.E III. ,s...
| The capital stock Of this corporation Il
| hereby liked nj not less thnn Ave Thousand
dollars with privilege of extending to hfty
OF stock shall he; 10000 at = par value Of
ii We dollars each, payable on demand. in
cash atttse time of subscription. ~ = q %
ARTICLE Nv. "a ti,.,'Y.ss
| ANY member of the Farmers Union In
good s,arding shall be entitled to take
stock. ''r' "'t't.
All the corporate powers OF this company
shall be vested in and be exercised by .
Board of Directors to be composed or
eleven stock holders: J. II. Edwards. Robt.
McCrars., c., II. Mckenzie, s. +. LeWls, u.
D. Wallace. John H Hester; J.: s. ASpry.y;
| Il. i. Terry shall compose the first Board
Of Directors with j. II. Edwards ~ preai-
dent, S. +. Lewis as secretary, and z. +:
of Directors and the other Aforesaid officers
shall hold their offices until the first Mon
day in December, 1889, or until their sue
cessors are elected and qualified, and on
the same day annually thereafter, au cleo
| ton for choosing directors shall be held at
| the office of the company. majority 81 the
votes cast shall elect, each stockholder to
be entitled to one vote, to he cast by the
holder or by proxy; all elections to be held
by ballot, and amy vacancy occurring on
SAID Board shall DO Oiled by the remaining
din ectorS. ..,-'y...- f..
ANY failure to cleo: directors at any. reg
ular meeting of tho ockholders, shall not
! dissolve the company, but the direotors
funct ions until u new Board is elected. b al
Seven members OF said Board shall conr
stitute a quorum for the transaction of bus.
! mess, and said Board OF Directors a. wcll
| as the one herein provided for. shall have
the right to adopt such bylaws, kules and
| Regulations for the transaction OF the busi-
ness of said company rs may be necessary,
and to cause to DO made aud to use cor
porate seal with such device AZ they may
seleat, and shall elect all officers herein
| PROV idea for, and such other officers AZ the
necessities of the business may demand. =
| ARTICLE VI. -: F.. =
| No member holding stock in this. corr
| poration shall have tho right to withdraw
| then, if there are any liabilities existing
! against this corporation, and in no case
| shall the no be II withdrawal OF stock except
upon atwo-third vote of all the stockhol-
bar a m
| to wit hdraw stock shall vote upon said ap-
ARTICLE VII. SD tHa ,.asg
All profits earned, and all effects of the
corporation shall first be applied to the
payment Of expenses of the corporation,
and The liquidation OF all indebtedness
Of the corporation, and second. 10 be dis
:ributcu pro rata among the stockholders.
ARTICLE VIII. 4....
This chatter may be amended or this
J corporation dissolved by vote of two
thirds of the stockholders present or rep
| resented AT u meeting of the stockholders
convened for that purpose after fifteen days
| written notice shall have been given to
| each stock holder,o after fifteen days publi-
| cation theteofin ono OF tho newspapers OF
| The CITY OF Monroe as the iresluenl may
| elect. .
| special meetings of tho Stockholders may
he called by the president, or in his absence,
hy the secretary anu treasUer, az any lime
upon similar notice.
In tho event OF the dissolution, or at the
leSp;raiion oIthiS charter, the liquidation
| of The affairs of the company shall be cons
Quoted by two commissioners TO De elected
by ballot al Il general meeting of the stock
holders convened for that purpose. and q
majority of the stockholders present @,
! rcprcsen! ed shall elect. - ..a ~. g.,
! Tho commissioners thus elected shall Of
once proceed to settle and wind up the bus
ness of tho corporation, sell, or Othew ise
dispose of its assets, and on payment of its
| liabilities distribute the excess pro rata
among the st octl holders. ....- ... ..
ARTICLE lX. o.. *
ever be held liable or responsible for the
contracts or faults Of tho same in any fur
ther sum than the unpaid balance due te
the company on the stock owned by him
nor shall any mere inforrnality in organi
za,ion have tho effect of rendering thi.
charter null or of exposing any stociSfcid
crs to n liability beyond the amount OF his
stock.
r Thus dono ana passed on this 2lst day o
December, 1888, at the city of Monroe, la.
in the presence of =. T.. Lewis and X. A
Young, competent witnesses, who sigi
their names hereunto, together with thu
partiaS To this act, and me, clerk and ex
oilicio Recorder and Notary Public
j. r.. EDWARDS, .t..,
ROBT. McCRARY,
, Attest: q. +. Nick lcNZiE.
s. i. LEWIS.
| X. \. YOUNG. ..-.,.-.,.s .-.-.- 20
AUSTIN GREEN,
| Clerk and ex-oAicio Recorde
| ( SEAL. and Notary PlIblic.