The Opelousas courier., 1892-07-30
CHARTER
Or THE
OPELGUSAS COMPRESS COM
PANY LIMITED.
STATE OF LOUISIANA, !
PARISH OF ST. LAND Y. {

PARISH OF ST.. LAND y.
DE IT KNOWN that on this 9Th day of
ID of the month of July, in the year of our
Lord One Thousand Eight Hundred and
Ninety-Two, before William s. Frazee, a
Notary Pnblc 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 and
obligate themselves and their associates and
successors to form a corporation for the OBJ
iects and purposes and under the terms and
stipulations hereinafter set forth, to-wit
ARTICLE l.
The name and title of this corporal ion shall
be THE OPELOUSAS COMPRESS COM
PANY LIMITED. Its domieIle shall be at
or near the town of Opelousas, La, and it
shall exist twenty-five t25l years from date of
this Charter.
ARTICLE2
The objects aud purposes of this corpora
tion shall be to store and handle cotton in
bales or otherwise, TO compress same, and 1t
shall be authorized to acquire such property,
real or personal, as may be necessary for the
TRANSACTION OF lbS business anu 10 uO every
thing appertaining to that business.
ARTICLE g.
The capital stock shall be Fifty Thousand
Dollars, divided into five hundred shares of
$4,000, each payable as follows Ten per
cent. 30 oIo1 at the time of subscription,
twenty per cent. t20 oIol on October lst,
1892, and twenty per cent. 40 oIol on January
Ist, I893 and the balance at such time as the
Board of Directors may direct, provided that
no more than twenty-five per cent t25 oIo)
of the amount subscribed be called in at one
time and that no calls be made oftener than
once in every thirty days-aud shall begin
operations as soon as Twenty-Five Thousand
dollars 1925, 600. .00) of its stock is subscribed.
ARTICLE a.
The corporate powers of the company shall
be vested in Board of Directors composed
of Three (3) stockholders to be elected an
nually 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 sfice shall continue until their sue
eessors are appointed, at new meeting to be
called for that purpose, after the ten ll0l
days notice, as above provided for.
ANY vacancy occurring in the Board of Di
recters shall be filed by the Board from the
remaining stockholders They shall elect a
President and Secretary Fthe Secretary shall
| also act as Treasurerl out of their number
| All employees shall hold their offices solely al
the pleasure of the Board. 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, 1898, the
Board of Directors shall consist of Jos
! nd Cnffnnn Tuit
Joseph Bloch as President and Charles Set
toon as Secretary and Treasurer. Meeting
| of stockholders may be called at any time bJ
| the President and must be called at the re
quest of 100 or more shares of stock, and no
tiee 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 5.
All checks, drafts. notes, bonds, bills or an,
other obligations shall be signed by the Pres
ident and countersiged by the Secretary, or
dent or Secretary, or inability to act from
| whatever cause, the manager regularly ap
pointed by the Board shall be entitled to d
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
new certificates in lieu of the ones surreT
dered. Transferees will assume all unpai
balances due on transferred stock.
ARTIcLE7.
The Secretary shall make statement {
the affairs of the corporation to the Board {
Directors annually, who shall declare sue
dividend as might be warranted by the resul
of the business. The first of June of eac
year shall be the date for such a statemen
commencing with june lst 1893
ARTICLE s.
The Board of Directors will select man;
ger and appoint all employees and fix the
salaries. All such employees TO hoid tne
appointments at the pleasure of the Board (
Directors.
This corporation may be dissolved at an
time by a vote of two-thirds of its stock.
ARTICLE 10.
AT the dissolution of this Corporation b
limitation or otherwise its affairs shall |
llquidated by three 81 commissioners wi
] shall be elected by the stockholders at
, meeting called for that purpose IN the san
manner as other meetings. These commi
sioners shall be empowered to hqnIdate a
the affairs of this corporation. They al
! hereby vested with authority to sell al pro
, erty real and personal, receive proceeds pa
: all debts and distribute the balance anon
the stockholders. Should vacancy occi
. among the commissioners the remainder sha
/ continue the liquidation.
|, ARTICLE Ii.
No stakeholder shall ever be held liable
resnousibIe for the contracts or faults OF th
corporation in any further sum than the u
Maid balance due on the shares of stock aWl
ed by him or shall any mere infOrmality IN Q
!, eauization have the effect of rendering th
= Charter null or of exposing any OF tie stoe
) holders 20 any liability beyond such unpa
i balance.
ARTICLE II.
This act of Incorporation may be change
!. modified or altered, the capital stock inerea
y I'd or decreased by vote of two-thlrds OF ]
l. ean;faf stock at general meeting OF q
stoekholders convened for such purpose aft
ten 90, days notice as provided TOR In
o ticie A. 20
Two of the directors shall constitute
auorum for the transaction OF all business
= this corporation.
q Tins done and incorporated In my once
+ Opelousass La, in presence OF Inc unu'
), sigued competent and attendant Wltnesse
who hereto sign with said appearers ana q
Notary, on day and date first ABOVE Wfltts
after reading of the whole.
t.r,r;g;nal sipueds j. BLOCH,
4 C. SETTOoH,
C. J. THOMPSON
Attest:
J. Wss T., GILL. W. S. FRAzEE,