St. Landry democrat. (Opelousas, La.) 1878-1894, 1889-08-17

! the unpaid balance due or the share of stock
! held by him, nor shal any mere informality in
organization have tho effect of rendering this
Charter null, or of exposing stakeholder to
any liability beyond the amount of his stock.
ART. 6. Subscriptions for shares in The CAPT
! tal stock shall he received only from individual
/ members in good standing OF subordinate
Unions holding Charters from the State Farm
cr's Union OF Louisiana, and application for
I shares must he accompanied Ivy fifty per cent
! in cash OF the amount OF stock subscribed for,
| and the balance to be paid within thirty days
| from date of application. Uiru certificates Of
stock shall he ISSUED III thr name OF the stock-
holders, soon a. me Ia. 9infunt SilbScIlDct
for shall DC paid u.
ART. :. Each SnhuniuA WHOSE members
Subscribed for stock shall be entitled 10 one
delegate for each ten shares or fraction thereof
/ said delegate to lie elected by those members
subscribing for stock and from their number
said delegate to represent said stockholders in
Il Parish Convention to Be held annually for the
election Of Il hoard OF directors.
Art. S. All the corporate powers OF This Cor
poration shall be vested in and exercised by Il
I board of nine directors five OF whom shall con-
stitutc 4 quorum Tor the transaction OF bust
/ ness; the delegate representing tn" stock
holders of his Corporation shall clcc; these
directors from tllCir Number on he third We'd
nes,lay OF July l'!', and thereafter Oh the third
Wednesday OF Jull of each year 81 the Office OF
this Association; the majority OF Ih. votes cast
shall elect, and each ten shares ii stock shall be
entitled 10 one vote 10 be cast bF the holder
thereof. either III pr;~"i' OF by proxy, and the
in Office until their successors shall have been
elected a failure to elect directors on tie date
above specified shall not dissolve the Corpora
ton but the then existing hoard of directors
shall continue to hold their Offices, and anot her
election shall be held within thirty days there
after, whereof ten days prior notice shall he
. gwen in OF the weekly HcWSnapers pub
lislIed in the City OF OpcIous;ts and in the OF.
fetal journal of the Farmers State Union of
louisiana Vacancies occnrring i'll the said
, board from any causes Whatever shall be filled
tlbu he
eligible stockholders of the Association. The
board OF directors al their first meeting i'll each
year, on the day following their election shall
elect ouI Of their number , President, II Vice
President and Il Secretary. as well as appoint
from time 10 time. and dismiss at their will,
such managers, clerks agents and employees as
may be deemed necessary for the business and
purposes OF this Association, and fix their re-
Enumeration, and make and establish az Wei ls
amul and alter all bylaws rules and rcgula-
tons deemed requisite for tho support and
management Of tie affairs ard business OF the
Corporation.
ART. q The business manager Vi thc Il. Ian
dry Parish Farmers Union Commercial Asso-
citation shall he elected annually by the Parish
Farmers tli0n 1T its regular meeting m July
OF each year
ART. 10. All profits CARRIED shah be applied,
first. to pay all operating expenses; second to
pay per cent per anliItn on tho alnOunt of
paid mp capital stock, tie h;tlanrt of profits il
any shall he distributed amongst the stock
holders.
ART. II. This act OF Incorporation may be
chang e,l modified and altered or said (nrnor;,-
ton may BIZ dissolved with the consent OF three
fOuthS of the stock represented and majority
Of the amount thereof issued at iuy general
meeting OF the stockholders of said Corporation
convened for such purpose after thirty DAYS
notice OF sad meeting shall have been pre-
yiouSly given by advertisements in one weekly
paper published in the City of OpelOusaS and IL
the Official Journal OF the farmers State Union
of Louisiana.
Art. J., Whenever this Corporation may he
Dissolved, either by limitation OF its Charter or
from any other cause, its affairs shall be liuu-
dated by three Commissioners to be appointed
by the stockholders at general meeting called
for the purpose; said Commissioners shall re-
main in office until the affairs OF said C0rpora-
ton shall lave been fully iquitlatcd and in
case OF the death of one more of said Com
missioners the said survivor or survivors shall
continue to act.
ART. IS. BY virturc OF the authority vested
i'll the Committee on CORPORATE ton elected at the
last meeting OF tho st. Landry Parish Farmers
Union of Louisiana, the members of said Com
mittee are hereby declared to he the first board
OF directors, ana shall hold Office until the first
election under this Charter on the third We'd
ncsday OF July 1880, oruntl their Successors are
duly elected to-wit: George Pulford, Lucius
David, G. L. Hawkins, y. Nidrinc, Lawrence
Bushnell, A. J.. Fontenot, E. f. Ortego, NJ. Ro
beri. and Eli Clark, with George puIfOrd, Pres
ident Luclus David Eice-Prcsidcnt; G. T.
Hawkins, Secretary, and Alcin Vidrine Treas
urer.
Gro. PtlFORD,
LUCIUs DAVID,
LAWRENCE BUSHNELL,
Per GEO. PULFORU,
c. T. HAWKINS
ELI CLAEk.
Per G. 7. HAWKINS.
ALCIS VIDRINE,
A. l.. FONTENOT,
j.. L. ORTECo.
". ROBERT.
Witnesses:
LEONCE SANDDL,
E. z. GOODWIN.