The Opelousas courier. [volume] (Opelousas, La.) 1852-1910, 1892-07-16
CHARTER
Or THE
OPELOUsAs COMPRESS COM
PANY LIMITED.
STATE OF LOUISIANA, !

Ahloh of Oh. bARDh =
DE 1T KNOWN that on this 9th day OF
-AD of the month of July, in the year of our
Lord One Thousand Eight Hundred and
Ninety Two, before William s. Frazee, a
Notary Pnblic in and for the Parish of st.
Landry and State of Louisiana, duly COM
missioned and qualified, and in the presence
| of the witnesses hereinafter named and under
signed, personally came and appeared the
persons whose names are hereuntO subscribed
| who severally declare that availing them
selves of the provisions of the laws of the
State of Louisiana on the subject of corpora
tions, they have contracted and agreed and
by these presents, do contract and agree aud
Obligate themselves and their associates and
successors to form corporation for the OBJ
jects and purposes and under the terms and
stipulations hereinafter set forth, to-wit:
ARTICLE /.
The name and title of this corporal ion shall
bs THE OPELOUSAS COMPRESS COM
PANY LIMITED. It's domicile shall be at
or near the town of Opelousas, La, and it
shall exist twenty-five (25l years from date of
this Charter
The objects and purposes of this corpora
tion shall be to store and handle cotton in
bales or otherwise, to compress same, and it
shall be authorized to acquire such property,
real or personal, as may be necessary for the
transaction of its business and to do every
thing appertaning to that business.
ARTICLE 3.
The capital stock shall be Fifty Thousand
Dollars, divided into five hundred shares of
$4,000, each payable as follows: Ten per
cent. no oTo) at the time of subscription,
twenty per cent 10 oIo) on October Ist,
1892, and twenty per cent. GO eIo) on January
lst, 1893, and the balance at such time as the
Board of Directors may direct, provided that
no more than twenty-five per cent. (25 oIol
of the amount subscribed be called in at one
time and that no calls be made oftener than
once in every thirty days-and shall begin
operations as soon as Twenty-Five Thousand
dollars $25,O00.00) of its stock is subscribed
ARTIcLE4
The corporate powers OF the company shall
be- vested in Board of Directors composed
OF Three t3l stockholders to be elected an.
nuaiy on the first Monday eff August Of each
year. The election shall be by ballot, each
share of stock shall be entitled to one vote
eth er IN person or by proxy and majority
of the votes cast shall elect. Notice Of the
election shall be published in one of the
weekly papers published at Opelousas, La.
at least ten [10l days prior to the election
on failure to elect, from any cause, the di-
rectors in effice shall continue until their sue
cessors are appointed, at new meeting to be
called for that purpose, after the ten Il01
days notice, as above provided for.
Any vacancy occurring IN the Board of Di.
rectors shall be filled by the Board from the
remaining stockholders. They shall elect a
President aud Secretary 1.-THE Secretary shall
| also act as Treasured out of their number.
| All employees shall hold their offices solely at
the pleasure of the Beard. Citations and all
! legal process shall be served on the Presi
| dent and in his absence, on the Secretary.
! Until the first Monday of August, 1885, the
Board of Directors shall consist of Jos.
! Bloch, C. j. Thompson and G.. SettOon, with
| aa Sat
toon as Secretary and Treasurer. Meeting
of stockholders may he called at any time by
/ the President and must be called at the re-
quest of 100 or more shares of stock, and no
| tice of all meetings must be given by letter
or postal card deposited into the U. s. Mai
at least three days before, the meeting
/ ARTICLE S.
| ALI checks, drafts, notes, bonds, bills or any
/ other obligations shall be signed by the Pres
ident and countersiged by the Secretary, or
in the event of the absence Of either the Presi
whatever cause, the manager regularly ap
pointed by the Board shall be entitled to dt
| the same.
ARTICLE 6.
Transfer of stock shall be made on the
books of the corporation upon the surrender
of stock certificates in presence OF the Secre-
/ tary, who shall attest all transfers and issue
dered Transferees will assume all unpait
| balances due on transferred stock.
ARTICLE7.
The Secretary shall make a statement o
the affairs of the corporation to the Board o
4 Directors annually, who shall declare sucl
dividend as might be warranted by the rssui
of the business. The first of June of eael
year shall be the date for such statemen
commencing with June lst 1893.
ARTICLE 8.
The Board of Directors will select mana
ger and appoint all employees and fix thei
salaries. An such employees to hold thei
appointments at the pleasure of the Board o
Directors.
This cor poration may be dissolved at an
time by vote of two-thirds of it's stock.
ARTICLE TO-
At the dissolution of this Corporation b
limitation or otherwise its affairs shall b
lIuuidated by three 81 commissioners VIII
shall be elected by the stockholders at
meeting called for that purpose in the sam
manner as other meetings. These commits
sioners shall be empowered to liquidate
the affairs of this corporation. They ar
hereby vested with authority to sell all prof.
erty real and personal, receive proceeds, pa
all debts aud distribute the balance anon
the stockholders. Should a vacancy oceu
among the commissioners the remainder sha
continue the liquidation.
ARTICLE H.
No stoekholder shall ever be held liable {
responsible for the contracts or faults of th
corporation In any further sum than the III
paid balance due on the shares of stock Owl
ed by him or shall any mere informallty III 0
& ganization have the effect of rendering tn
Charter null or of exposing any OF the sGocl
holders to any liability beyond such unpa
J balance.
ARTICLE H.
This act of incorporation may be change
modified or altered, the capital stock lncrea
ed or decreased by vote of two-thirds OF ]
j capital stock at q general meeting Oh g
Y stockholders convened for such purpose ait
y ten fl0J days notice as provided Tor IN
] ticle A.
!, ARTICLE i3.
Two of the directors shall constitute
ouorum for the transaction of all business
this corporation.
Thus done and incorporate ted IN my ONCE
0pelonsas, La, in presence OF the nndi
STONED competent and attendant WItnesss
. who hereto sign with said appearers and u
e Notary. on day aud date first above write
it after reading of the Whole.
o "Originai Signed J. BLOCH,
/, G.. SETTOoN,
C. y. THOMPSON
Attest:
IS WIN. L. GILL w S. FRAzEE,
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