The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1889-01-26
LEGAL ADVERTISEMENTS.
CHARTER OF THE
Farmers Union Cooperative
Association" :.
.crINrTEn
lLIMIrED.l
ARTICE I.

its doMicil shall be In tho CITY
Of Wcst Monroe, La, and It sh.n exlae snta
enjoy succession for n period 6f ninety-nlAo
years from the date hereof unless sooner
The president OF the corporation. or 10 his
be the ofilcer upon whom all eitesaons -
other legal process ahall be served.
ARTICLE II.
The objects and purpose. Of this oesp1e.
ton are declared to DO: to buy aud e 81
in TIA corporate name and capacity, evary
species Of property, both resi- and pss:oaaa:
ws.t aoS1oa on ~ sai 81
ness with the right to buy aud 70 sell nQ-
cllansliss and produce Of every dssofapeeen
which may enter into oommsreA aud =
othsr auxittaries ~ the neccssittes OF ~
business may require.
ARTICLE III.
The capital stock OF this corporataoD =
hereby fixed at not less than i've tno0osn3
dollar. with priviiegs OF extsndins e any
thousand dollsrs. =, The number ofahasee
ftys dollars each. payable on do,nsnd i
cash At the time OF subscription. ts
ARTICLE ". 's
Any member Of the Farmer. Union e
good standing shall be entitled to take
stock. "a
All the corporate powers Of this compaay,
shall b. vested in and be exorctsod hy
eleven ckholders: J. n. Edwards, Robs.
McCrAry, q. +. Mckenzie. 8. r. LaWis, ~
u. w allace, John Il. Heater. =. 8. Heavy. =.
f. y ss:y .as w Seps. o sSs Az ao: 1
OF Directors with !. II. Edwa1da 9 rs1a6.s
dent, s.. r. lewis as secretary, aad q, =.
:. .n :sd
shall hold their offices until tho nrut Moa..
day In December. 1850, or until their eae-
cesscrs are elected and qualified, aud q
the Same day annually thereafter, % olUe-
ton for choosing directors shalt b hol6 g
the Office Of the company. a majority ofehA
to one vctc to BE- cast 81 az
holder or by proxy; all elections 70 b he'd
by ballot, and any vacancy occurring a,
ssid Board shall be filled by tho rsma.nisg
Anyiailure to elect directors 1t any 80.
ulsr meeting Of the stockholders. shall est
dissolve the company, but the dlFeofeN
Functions until a new Board is aleoted: = :.
Seven members Of said Board shall oon-
stitnte y quorum for tho tranaactton Of b0e.
iness, and said Board Of nlrectors es.wsal
Tho right to sdopt such By-Laws, kulss 80
Regulations for tho transaction OF the btao1-
ness OF said company as may 10 necasaary.,
porate seal with sueh device a. they smay
seiest, and shall oloct all officers hersln
provided for. and such other officers ~ tie
necessities Of tho business may demand.
ARTICLE vi.
No member holding stock In this COR
poration shall have tho right to withdraw
his stock under Eve years. and not eysA
against this corporation, and In no cAse
shall the re be withdrawal Of stock exospt
upon two.thtrd vote OF all the st0oktAot-
to withdraw stock shall vote upon said ap-
ARTICLE VII. an
All profits earned, and oil effucts Of The
corporation shall first lie applied to the
and tho liquidation OF all indebtedness
Of tho corporation, and second, to bo dis
tributsd pro rata among tho stockholders.
ARTICLE VIII. ., aaf,
This chatter may be amended oc this
corporation dissolved by q vote OF sws-
thirds Of the stockholdors present or rep
convened for that purpose after fifteen dAys
written notice shall have been. given .
each stockholder.or after ifteenday puOh-
cation n IN one Of the
Special meetings of the st6ckholders may
DO called by the president, or In his alDenes.
In the event Of the dissolution, or q The
expiration ofthis charter. the liquidation
of the affairs Of the company shall be COZ
Quoted by two COIN missfoners 70 be elected
by ballot At q general meeting Of the stock
holders convened for that purpose, and .
msiority Of the stockholders present Or
represented shall elect. 80
The commissioners thus elected sheal a.
once proceed to settle and wind up the bna-
ness OF tho corporation, soil, or othew!ss
dispose of It's assets, and on payment OF ~
liabilities, distribute the excess pro rata
among the stockholders.
ARTICLE TX.
NJ .tockholdor Of this company. shall
cont racts or faults of the Same In any fur
Their sum than the unpaid balance due -
the company on tho stock owned by him,
nor shah any mere informafity in organt-
zation have tho effect OF rendering thlo
charter null, or Of OK posing any atOckhold-
ers to liability beyond the amount Of his
stock.
Thus done and passed on this 2lst day Of
December, 1888, at tho city OF Monroe, La. ,
| in the presence Of y. J.. LOWS and Il. \.
/ Young, competent Witnesses, who siga
! their names hereunto, together with tie
parties TO this act, and me, clerk and ca
| +. X. EDWARDS,
| ROBT. McCRARY,
! Attest q. r. Nick ENIrE.
s. r. LEWIS.
| X. A. YOUNG.
| AUSTIN GREEN,
| Clerk and ex-oificio Reoordet
| "hNh' and Notary Public.