St. Landry democrat., 1889-07-27
CHARTER
Of the st. Landry Parish Farmers Union Tom.
mercial Association.

mercial Association.
STATE OF LOUISIANA
PARISH OF ST. LANDRY. ! Be it known ths
on thls twelfth day of July, in the year OF OF
Lofu Qpe thousand eight hindred and eight
nlne, and OF the independence Of the Unite
states or America the one hundred and thi
teenth, before me Charles ". DuROy NOtur
puollc duly commissioned and qualified for til
parish or st. Landry, State of Louisiana, and i
presence OF the witnesses hereinafter name
ana undersigned, to-wit: Leonce sandoz an
u. +. Goodwin, personally or through their dl
| ~ quailned representatives, como and appear
ed, George Pultord of Opelousas. Lucius Davi
OF Bellevue, q. 7. Hawkins of WaXia Lawrrnc
| Bushnell Of Prairie MamOu, Arcecius L. Fontt
not and Ernest E. OrteSO OF Tate's Cove Alci]
| Vldrlne and Marius Robert of Grand Prairie
and Eli Clark of Pine Prairie all of said parish
who declared that availing themselves of tn
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 bln(
ana ODllSate themselves, as well as such Der
sons as may hereafter become associated wifi
them, totorm and constitute Corporation an(
body polite in law for the objects and pur
poses and under the agreements and sfnula
tlOns following tO-wit:
ART l. The name and style of this CorDora
tlon snail be the st. Landry Parish Fariner's
Union Commercial Association limited aud by
that name 1t shall have power and authority to
and
period OF nlnetynine years commencing and Ia
be computed from the day and date hereof.
ART. .. The Domicle of this CORPORATION
Shall be In the City of Opelousas, State of Lou
lsiana, ana all citations or other legal process
shall be served upon the president Of said Cor
poration, or in case OF his absence or INABILITY
to act, upon the vice president, and in case of
the absence OF both upon the secretary.
Art: 3. The purposes OF this Corporation are
the following to conduct general mercantile
70 fny.f1
and sale OF all farm supplies and products and
10 all tllat appertains to the handling receiy
lng, forwarding and marketing of said pro-
ducts and the purchase OF supplies.
ART; f. This Corporation shall have power
by ana under Its corporate name to enioy the
!ollO"lnS rights aud privileges to-wt: ii shall
be capable ill law to purchase, receive, hold and
ENJOY lands, goods, chattels and property OF
a. any hina whatsoever 1t shall have the right
10 grant sell, mortgage and dispose of said pro-
perry, 10 sue ana be sued, plead and to be i'm.
pleaded, contract and to be contracted with. fo
maze ana Use common seal, to establish by-
'at debenture or other bonds and to do a gen
eral printing and publishing business
ART g. The capital stock Of this CORPORATION
s hefcDy nXed at the sum OF ono hundred
thousand dollars, tsloo00ol divided into twenty
thousand shares OF five dollars each, with liz
srty to commence operations whenever one
thousand dollars Of the capital stock shall have
.een subscribed. No stockholder shall be held
laoie or responsible for the contracts or faults
u this Corporation IL any further sum than
he UNPAID balance due OIL the share of stock
leld by hlnl, nor shall any mere infOrmality i'm
organization have the effect of rendering this
.narter null, or OF exposing stOckholder to
my liability beyond the amount of his stock.
ART. 6. Subscriptions for shares in the cani.
al stock shall be received only from individual
members i'll good standing OF subordinate
Jnlons holding Charters from the State Farm
RS Union Of Louisiana, and application for
hares must he accompanied by fifty per cent
Il cash of the amount of stock subscribed for.
mi the balance to be paid within thirty days
rom date OF application, when certificates of
tock shall be issued III the name of the stock |
olders, as soon as the ful! !amountsubscribed
Dr shall be paid u@.
ART. 7. Each sub-unon whose members |
for stock shall be entitled TO one |
eiegate Tor each ten shares or fraction thereof, |
aid delegate to be elected by those members |
ubscrihing for stock and from their number.
ald delegate to represent said stockholders in
Parish Convention to be held annually for the |
lection OF board of directors.
ART. s. All the corporate powers of this Cor.
oration shall be vested in and exercised by a
oard OF nine directors, five of whom shall con
-itute quorum for the transaction of busi-
ess; the delegate representing the stock
Olders OF this Corporation shall elect these
lrectors from their number on the third Wed
esday of July 1890, aud thereafter on the third
of July of each year at the office of
lis Association; The majority of the votes cast
lail elect, and each ten shares of stock shall be
ltited to one vote to be cast by the holder
hereof, either in person or by proxy and the
rectOrs then elected shall serve and continue
Office until their successors shall have be en- |
ected. A failure to elect directors OH the date
1ove specified shall not dissolve the Corpora,
on but the then existing board of directors
lall continue to hold their offices, and another
ecti0n shall be held within thirty days there
ter, whereof ten days prior notice shall be
ven in one of the weekly newspapers pub
shed in the City OF Opelousas and i'll the Of
;lal journal OF tne Farmers state Union of
Ouisiana Vacancies occurring in the said
)ard from any causes whatever shall be filled
' the remaining directors from among the
igible stockholders Of the Association. The
)ard OF directors at their first meeting in each
EAR, on the day following their election shall
ect out OF their number q President, Vice
resident and Secretary, as well as appoint
ON time to time, and dismiss at their will,
lch managers, clerks, agents and employees as
ay be deemed necessary for the business and
lrposes Of this Association, and fix their re-
uneration, and make and establish as we'll as
lnul and alter all bylaws, rules and regula-
Dns deemed requisite for the support and
Of the affairs and buslness of the
)rpOrarl0n,
ART. 9. The business manager of the St. Ian
Y Parish Farmers Union Commercial Asso-
alton shall be elected annually by the Parish
irmer's Union at its regular meeting in July
each year.
ART. 10. All profits earned shall be applied,
ST. to pay all operating expenses; second to
" per cent per annum on the amount of
i'd up capital stock, the balance Of profits If
~ shall be distributed amongst the stock
,lders.
ART. II. This act of incorporation may be
anged modified and altered, or said CORPORA
III may be dissolved with the consent OF three
urths of the stock represented and majority
the amount thereof issued at any general
Getting of the stockholders of said Corporation
nvened for such purpose after thirty days
'tice of said meeting shall have been pre-
ouSly given by advertisement in one weekly |
per published in the City of Opelousas and IN
g official Journal of the Farmers state Union
Louisiana.
solved, either by l1inita ton OF its Charter or
)m any other cause its affairs shall be liqui- '
ted by three Commissioners to be appointed ,
the stockholders at general meeting called
: the purpose; said Commissioners shall re-
hin in office until the affairs of said Corpora
IL shall have been fully liquidated and in
SO of the death of one or more of said Com
ssioners, the said survivor or survivors shall q
ntinue to act.
ART. 13. BY virture of the authority vested :
the Committee on corpora tiOn elected at the I
It meeting of the St. Landry Parish Farmers
ttee are hereby declared to be the first board
directors, and shall hold Office until the first
ction under this Charter on the third We'd 7
sday of July 1890, or until their successors are
Ivid, G. T. Hawkins, A. Vidrine, Lawrence
shnell A. L. Fontenot, 4. E. Ortego, NJ. Ro- h
ri, and Eli Clark, with George PulfOrd, Pres
mt; Lucius David Vice-Presdent; G. r.
wilkins, Secretary, and Alcin Vidrine Treas
er.
GEO. PULFORD,
LUCIUs DAVID,
LAWRENCE BUSHNELL, J
Per GEO. PULFORD,
G. T. HAWKINS, q
ET Y