St. Landry democrat., 1889-07-20
CHARTER
OF the st. Landry Parish Farmers Union Com.
mercial Association.

mercial Association.
STATE OF LOUISIANA
PARISH OF ST. LANDRY. ) Be 1t known tina,
on this twelfth day of July, in the year of 0u.
Lord Que thousand eight hundred and eighty
nine, and of the independence of the United
States of America the one hundred and thir
teenth, before me Charles W. DuROy Notary
public duly commissioned and qualified for the
parish OF st. Landry, State of Louisiana, and il
presence OF the witnesses hereinafter named
and undersigned, to-wit: Leonce eandoz and
E. P. Goodwin, personally or through their du-
ly qualified representatives, come and appear.
ed, George PulfOrd of Opelousas. Lucius David
of Bellevue, G. T. Hawkins Of Waxia, Lawrence
Bushnell OF Prairie Mamou, Arcecius l.. Fonte
not and Ernest e. Ortego OF Tate's Cove Alcin
Vidrine and Marius Robert of Grand Prairie
and Eli ck CLARK Of M Pine Prairie all of said parish
provisions of the laws of the State of Louisiana,
relative to the organization of corporations,
they have contracted and agreed, and do by
these presents covenant and agree, and bind
and obiigate themselves, as well as such per-
sons as may hereafter become associated with
them' tororm ana constitute Corporation and
body polite in law for the objects and pur.
poses and under the agreements and stipula-
ti0ns following t0-wit:
ART. L. The name and style of this Corpora
ton shall be the ST. Landry Parish Farmers
Union Commercial Association limited, and by
that name it shall have power and authority to
exist and enjoy succession for the full time and
period OF nlnety-nine years commencing and to
ART. 2. The Domicile of this Corporation
shall be IN the City OF OpelOusas State of LOU
isiana, and all citations or other legal process
Shall be served upon the president OF said Cor
poration, or i'll case of his absence or inability
TO act, upon the vice president, and in case of
the absence OF both upon the secretary.
ART. 8. The purposes of this Corporation are
| the following: to conduct a general mercantile
and sale Of all farm supplies and products and
| to all that appcrtains to the handling, recev-
ing, forwarding and marketing of said pro-
ducts and the purchase Of supplies.
| ART. 4. This Corporation shall have power
| by and under its corporate name, to enjoy the
following rights and privileges to-wit: 1T shall
be capable in law to purchase, receive, hold and
enjoy lands goods, chattels and property of
any kind whatsoever. 1t shall have the tight
| to grant, sell, mortgage and dispose of said pro-
perty, to sue and be sued, plead and to be i'm
pleaded, contract and to be contracted with, to
mako and use common seal, to establish by
| laws to govern this Corporation, to issue and
float debenture or other bonds and to do a gen
eral printing and publishing business
ART. .. The capital stock of this Corporation
| is hereby fixed at the sum of one hundred
thousand dollars, $780, 000) divided into twenty
| thousand shares OF five dollars each, with lib
erty to commence operations whenever one
Thousand dollars ot the capital stock shall have
been subscribed. No stockholder shall be held
liable or responsible for the contracts or faults
Of this Corporation in any further sum than
the unpaid balance due OF the share OF stock
held by him, nor shall any mere infOrmality in
organization have the effect of rendering this
Charter null, or OF exposing stakeholder to
| any liability beyond the amount of his stock.
ART G. Subscriptions for shares in the capi-
,al stock shall be received only from individual
members in good standing of subordinate
Unions holding Charters from the State Farm
er's Union OF Louisiana, and application for
shares must be accompanied by 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, when certificates of
nal tlo Stnp
holders, as soon as the full amount subscribed
for shall be paid up.
ART. 7. Each sub-union 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 number
said delegate to represent said stockholders in
Parish Convention to be held annually for the
election OF board of directors.
ART. 8. All the corporate powers Of this Cor
poration shall be vested in and exercised by
board of nine directors, five OF whom shall con-
stitute q quorum for the transaction of busi.
ness; the delegate representing the stock
holders of this Corporation shall elect these
directors from their number on the third We'd
nesday Of July 1890, aud thereafter ON the third
Wednesday of July of each year at the office Of
this Associations; the majority of the votes cast
shall elect. and each ten shares of stock shall be
entitled to one vote to be cast by the holder
thereof, either iu person or by proxy and the
directors then elected shall serve and continue
in Office until their successors shall have been
elected. failure to elect directors on the date
above specified shall not dissolve the Corpora
tion but the then existing board of directors
shall continue to hold their Offices, and another
election shall be held within thirty days there |
after, whereof ten days prior notice shall be |
given in one of the weekly newspapers pub |
ished in the City of Opelousas and in the Of |
fetal Journal of the Farmers State Union of |
louisiana Vacancies occurring in the said |
board from any causes whatever shall be filled |
by the remaining directors from among the |
eligible stockholders OF the Association. The |
30 anf ft,aipQ Q,,ak
year, on the day following their election shall |
elect opt Of their number President, Vice |
President and Secretary, as we'll as appoint |
from time to 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-
annul and alter all bylaws, rules and regula-
tions deemed requisite for the support and |
management OF the affairs and business of the !
Carpotaftnrf
ART. 9. The business manager of the St. Lam
dry Parish Farmers Union Commercial Asso
citation shall be elected annually by the Parish
Farmers Union at its regular meeting in July
of each year.
ART. 10. AL profits earned shall be apnlied,
first, to pay all operating expenses second to
pay per cent per annum on the amount of |
paid up capital stock, the balance of prOfits If
any shall he distributed amongst tie stock
holders,
ART. II. This act Of incorporation may be
ton may be dissolved with the consent OF three
fourths of the stock represented and majority
of the amount thereof issued at any general
meeting of the stockholders of said Corporation
convened for such purpose after thirty DAYS
notice of said meeting shall have been pre-
gioHsly given by advertisement in one weekly
paper published in the City Of OnsloIsaa and in
the official Journal OF the Farmers State Unien
of Louisiana.
ART. -. Whenever this Corporation may be
Dissolved, either by limitation Of it's Charter or
from any other cause, its affairs shall be lqui-
dated BY three Commissioners to be appointed
by the stockholders at a general meeting called
for the purpose; said Commissioners shall re-
main in office until the anairs Of said Carpora-
case OF the death of one or more of said Com
the said survivor Or survivors shall
continue to act.
ART. Is. By virture of the authority vested
In the Committee on corpora tion 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 THE Charter on the third We'd
nesday of July 1885, oruntIl their successors are
duly elected to-wft: George Pulford, Lucius
David, G.. T. Hawkins, A. Vidrine, Lawrence
Bushnell, a. L. Fontenot, E. E. Ortego, NJ. Ro-
heri, and Eli Clark, with George Pulford, Pres
ident; Lueius David Vice President; e. T.
Secretary, and Alcin vidrine Treas