St. Landry democrat., 1891-10-10
OH a RTER
THE BELL-CEENEY SPRINGS CO.,
LIMITED.

| LIMITED.
| STArE OF LOUISIANA, PARISH OF ST. LANDRY,
OF September, IN the year ct orr Lord one thou
! sand eight hundred and ninety one personal !,
csne and appeared k@mi Mornhnvcs, Murphy
| D. Lewis, James .. Cnucher,,, Robert ttht
| chert, CiGuphas COIHcau, Samuel Haas R0brr1
| NJ. Lltten, Placitlc ROBIN, PIntard d. Williams
Charles +. Burr. Aaron Loeb, d. p. Saiza!i, OIL
! A, Haas, Henry l.. Erich, Ferdinand NJ War
| tile, Thos IL. Lewis, Jr., F. s. Foote, hereto
subscribing i'll presence of the undersi gncd com
potent ana attendant with" sSes rcaidents of me
parish and State aforesaid, who declared to me
| the undersigned, WILLIAM s. FKAZEE, Il notary
public, duly commissioned and qualified as sycf
| Ill and Tor the sad parish aud State, that the,
| nave formed themselves i'll a corporation, and
| ny these presents do forlu themselves into {:
| corporation, to be styled THE Ecil-l Cheney
Springs Company, Limitcd.'
15t. The object Of this corporation is to DUP
chase THE HtIi-Chcney Springs and land and
buildings thereto beiUngiHG; to sell the same
| Iii case thTat-fourths Of the Stockholders so dc.
size, TcSrINlnG the stockholders lots To them
to set aside portion thereof, together with tho
place vi public resort, to be leased to some com
| fctcnt person as place to he kept for public
resort. subject 70 such conditions and terms AS
this body may determine upon. The said PRO
perty is to TIC purchased for Il , ace also of sum
uICr resort tor the members OF this Company,
also Tor the sale Ill lots to persons who may de
!
summer residence.
I'd. Tie capital stock Of the Compauv shall
be the sum OF Scrcatcen Handftd Doiiurs dIyid
| ed into seventeen shares of one hundred dnliar.
per share The stock may be Increased iron
time to time upon the assent thereto of three.
tUurtns OF the Stockholders.
Sd. The affairs of this COMPANY shall be man.
aged by a Board OF Directors to consist Of SEVEN
stncliloiders, to be annually elected Oh the Isl
day OF September. each stockhulilcr being c,,ti
tied to one Vote Tor each share OF stock held hv
HIM; the stockholders being entitled 10 wore Lyy
proxy, the latter 70 b. Il stuvhhuder himself .
4th. The Board Of Directors Annually rl.cto1
shall choose Il president vice president ara So
crctary, the latter to be treasurer and to give
such houd as the board Of directors may dem
sufficient. The first board OF directors shall be
RGm MOrnhnve., Plaridn Robin {, Cn,na,,,
James o. CnacleYt, NJ. D. Lewis r. Cbari,rrG
c. +. Burr with IGini Mcr:hiuyfg as l,Irs,lanfr
and Robert Chacitcrr as secretary arl treas
urer, and {. CoIncau yiec-iresiCeut
9Th. The board Of directors shall have fn1I an,
thouty to cause SurrfY and Plat Of 1ht sernnnd
to be made, showing aud DESIGNATING tie nor.
ton OF GROUND set aside for !, place of uuh
lie resort, the lots Of the srncl,linl,iprs
aud the lots laid out for s,Ir ~ suI
PERSONS its may desire to purchase me
board shall also have authority to MAKE
rules and regulations TOR the general srn,.nr'
meut OF the affairs OF the COMPANY. tn rv th,
terms and conditions upon which lots of ground
NAV be sold to lease that pnr1inn of tha ssrnt,iI
upon which the springs and buildings there"
belonging are situated. upon such terms and
conditions as they NAV deem best for thr cn,n
mon benefit va"
9Th. The Board Of Directors NAV make sucb
repairs and improvements upUn the rround 70
be set aside f,i. II Dubic r,.s1rt az ,Gay ,h;,,I,
necessary to nut il in a couditlon TO be 'leasad
provided no greater sum taan fifteen hundred
dollars within the next three wears sh.Il ha nv
pended for said PURPOSE " va
And for the purpose of making such renairs
and improvements, contributions unon the
stockholders may be called for by the board.
In IeYying suctl contributions tie dirrctnrs
shall make the same payable in nstalIments
having in view the cotivGniruoh ,1,i ,j,iIit,- ~
pay OF the Stockholders.
9TH. The stock shall he paid for l,v tho non
SOUS holding The same il accordance with tl,
terms OF payment Of the purchase price OF the
property, each stakeholder paying MS prOuor-
ton Of the cash payment and credit install
ments with tic interest accrued therpnn
8th In case OF failure OF any stoc5ho,er To
meet his payments promptly upon his stock or
upon any cal for ID contribution made upon
him, he shall forfeit his stock and his intrrest
ill the company and in its prouprty and his
stock, and interest IN tho prouarTv shall he for
felted to and vest III the other stockholders.
who shall themselves meet his Indebtedness.
provided that this provision shall not be held
to apply to the lot OF ground Of aDy stack holder
who snail have paid for his stock in full; such
stakeholder, though forteit1ng his Interest in
all the balance of the property, having the right
to retain the lot Of ground assigned 10 MIN with
all its privileges.
The board of directors shall in all leases 70 he
made by them, reserve to the .stuckilDldrrs rho
ight to the use Of the waters Of the SPRINGS
and the baths, and shall also reserve to tlic mir
chasers OF lots aud their households the fTpn
use OF the waters CT the springs Tor drinking
and Tree access trere!o
10th. The board of directors shall sail no lot
to q person of bad character, and shall incor.
porate in every act of sale, that the lot sold
shall not be occupied by house of ilI.fame nor
shEll be used to Keep :; drinking or gambling Ing
house thereon, or store or public business of any
kind and any violatson of such Stimulation ~ !
any purchaser of lot, OF by the heirs or repre-
Il forfeiture of the tide and oWnrrsh;n Of SHnh
lot and buildings thereon, and the same shall
vest in the stockholders. AZ also ali intcr.st
which such persons may have IN the ComnanT
18th. ANY stakeholder who may wish 10 dis.
pose of his stock must give the preference to
The board OF directors to purchase for the siocS o
holders and no lot shall be sold h, 5h,
without tile consent OF at least four of tIfa sf
holders obtained m wrting~ts latter I bows reVGa
20 prevent any lot from falling into tn. no,
sion Of person ohiectionabIe to the othon t
owners aud to the Stockholders N'''i 'o'
St Landry parish. al iniTS I.'li pt
n the name OF the PRESIDENT. unnn wIo ol,, De
ion shall be served in case If nv sm mn. Cita
he Company '' 'oi0 against