The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1890-07-30
CHARTER

O1i-AIE'LEj-ES
State Of Louisiana of Orleans
City Of Neao Orleans.
DE IT KNOWN, THAT ON THIS THE
II eleventh day of July, in the year one
Thousand eight hundred and ninety, be-
fore me, John Bendernagcl, notary Pub
lie. in and for the city and parish of New
Orleans, State of Louisiana, duly commits
stoned and qualified, and in the presence
OF the witnesses hereinafter named and un-
dersigned, personally came and appeared
the persons whose names are hercunto sub
scribed, who severally declared that, avail
ing themselves of the:provisions of Act No.
&c of the Legislature of this State, ap-
proved June 20, 1883, as well as of those of
the general laws of this State relative to
the organization of corporations. they have
formed and organized, and by these pres
ents do form themselves and those whom
they represent, into and constitute a cor
poration for the objects and purposes and
under the stipulations and agreements
hereinafter set forth, which they hereby
adopt as their charter, to-wit:
ARTICLE I.
The name and title of the said corporation
shall be the alexandria Publishing Com
pany, Limited" and by that name it shall
have and eujoy succession for term of
ninety-nine years from and after the date
hereof. Itshall have power and authority
to sue and be sued, to make and use cor
porate seal, and change the same at pleas
ure, to hold, purchase, lease, sell and hy-
ly,rf
cssary and proper for their business, to
make and issue bonds. to name, elect and
appoint managers, directors and agents,
and to make and establish such bylaws,
rules and regulations for the management
OF the business and affairs Of said corpora
ton as may be requisite and necessary.
ARTICLE II.
The domicile of said corporation shall be
the city OF New Orleans, parish of Orleans,
Louisiana, where all citations and other
legal process may be served on the presi-
dent OF the company, and citation may
| also be served On the business manager
thereof, at Alexandria, in the parish of
Rapides, in said State.
ARTICLE III.
The objects and purposes of this corpo-
ration shall be to publish a daily newspa-
per in the city of Alexandria, to be styled
the Alexandria Daily Times" and to do
job printing and all work appertaining to u
printing and publishing establishment in
all its branches.
ARTICLE ".
| The capital stock of this company is fixcd
at twenty thousand dollars, divided into
four hundred shares of fifty dollars each,
and may be further increased on COM
plisnce with existing laws.
The corporation may begin business and
be going concern when five Thousand
dollars of said capital stock shall havo
been subscribed for; and shares of stock
may be issued for money paid or property
received or labor done, and shall be paid
for at such time, in such manner and at
such appraisement as the said board of di-
rectors mayIdetermine; each share of stock
shall be entitled at all corporate meetings
to one vote, III person or by proxy.
| ARTICLE v.
| All the powers eff this corporation shall
be vested in and exercised by a board of
five directors, who shall each own at least
five shares of the capital stock of this cor
poration, majority of whomSshall consti-
tute quorum for the transaction of all
business. Edward B. Wheelock, Charles
NJ. Greene, Robert Strong, Theus N. Miles
and Pearl Wight, with the said Edward B.
Wheelock as president, Charles NJ. Greene
as treasurer and Robert Strong as secre.
tary, shall constitute the first board of di.
rectors: and they shall hold their Offices
until tho second Tuesday in December,
1891, or until their successors shall have
been duly elected and qualified.
On the second Tuesday in December,
ls91, and annually thereafter an election
for directors shall be held at tho Office OF
the company; each board of directors
shall elect o president, treasurer and sec.
retary, who shall hold Office until Their
successors are elected by tho succeeding
board; said board of directors shall also
elect business manager, who shall hold
office during the pleasure Of the board.
At all elections which shall be conduc.
ted by ballot, a majority of the stockhold.
ers represented in person or by proxy shall
elect said directors. Notice of all cleo
lions shall be given in ono of the newspa.
pers published in the city of New Orleans
and one newspaper published in the city
of Alexandria for fifteen days prior to the
election.
! ANY vacancy occurring in said board Of
directors, from any cause whatsoever, shall
be filled by the remaining directors.
ARTICLE vi.
! No sale of stock shall be held valid OF
binding on this corporation unless the
same shall have been transferred Oh the
books of the company; nor shall any
stakeholder vote at an election for direc
tors unless he has been the owner of the
stock sixty days prior to said election
aud no stakeholder shall ever be held liza
BILE for any contracts or faults of said cor
poration in any further sum than the I'm.
paid balance due the company on the
shares owned by him.
! ARTICLE VII.
This charter may be modified, changed
or amended, Oh the said corporation may
be dissolved by vote of three fourths q
l the stock represented at general meet
ing of the stockholders, convened fo,
those purposes, after thirty days previous
notice of such meeting shall have beer
given in one of the newspapers published
in New Orleans and in one published il
Alexandria.
Whenever this corporation is dissolved
by limitation or otherwise, its affairs shall
be liquidated by three commissioners tc
be elected at the meeting called to dis
solve, or in case of termination of charter
at II general meeting of the stockholders
to be held at least fifteen days before ter.
minatiop Of charter by limitation, after
fifteen days previous notice of such meet
ing shall have been given in newspaper