The Opelousas courier. [volume] (Opelousas, La.) 1852-1910, 1892-08-06
CHARTER
Or THE
OPELOUSAS COMPRESS COM
PANY LIMITED.
STATE OF LOUIElANA, I
. PARISH OF ST. LANDRY. (

Notary Pnblc in and for the Parish of st.
Landry and State of Louisiana, duly com
missioned and qualified, ana 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.
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 domiclle shall be at
or near the town of Opelousas, La, and it
shall exist twenty five (25) years from date of
this Charter.
ARTICLE ?.
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 appertaining to that business
ARTICLE 3.
The capital stock shall be Fifty Thousand
Dollars, divided into five hundred shares of
cent 10000 at the time of subscription,
twenty per cent. 60 oIo) on October lst,
1892, and twenty per cent. t20 oIol on January
lst I893 and the balance at such time as the
Board of Directors may direct, provided that
no more than twenty-five per cent. (25 oIo)
Of the amount subscribed be called in at one me
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 $685. 900. .00l of its stock is subscribed.
ARTICLE 4.
The corporate powers of the company shall
be vested in Board of Directors composed
of Three t3) stockholders to be elected an
nualy 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 [10] days prior TO the election !;
on failure to elect, from any cause, the di-
reetors in office shall continue until their sue
cessors-are appointed, at new meeting to be
| called for that purpose, after the ten [i0l
days notice, as above provided for.
| Any vacancy occurring in the Board of Di-
rectors shall bl filled by the Board from the
remaining stockholders They shall elect a
President aud Secretary [the Secretary shall
| also act as treasurer out of their number.
! All employees shall hold their offices solely at
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, 1893, the
Board of Directors shall consist of Jos.
Bloch, G. j. Thompson and C. Settoon, with
Joseph Bloch as President and Charles Set
toon as Secretary and Treasurer Meeting
of stockholders may be 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 beisre the meeting.
ARTICLE 5.
All checks, drafts, notes, bonds, bills or any
other obligations sbafisbe signed by the Pres
ident and countersiged by the Secretary, or
in the event of the absence of either the Presi
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 Seere
tary, who shall attest all transfers and issue
| new certificates in lieu OF the ones surren
dered Transferees will assume all unpai
balances due on transferred stock.
ARTlcLE7.
The Secretary shall make statement @
tne aHalrs ol the eorpo,aVioh 9 W tno Doalo " :
DireetoTs annuaiiy, Wno snall uec.ate suo
diVlaeha as mlghe my NJ "srlan.eu @ py ehe lesu' n
Oh ehe business. ny srs' % June VI s., eas
year shaI! oe Ing ua.e ior Ssoa SaSn s'"'en'ei
commencing Win June 20. i0'''
ARTICLE 0.
The Board of Directors will select o mans
ger and appoint all employees and tix the
SALARIES. Al SUN einp,uyoes ~ ~ nn 81 !,
:" APPOINTMENTS "' 'n0 p'o"e"'0 "a '"o
DlFec'ors'
, ARTICLE y
This corporation NAV be dissolved at an
r time by a vote of two-thirds of its stock.
r,,n
4. -. s;,...,,.;.of th;e rornorat;on h
,..t a. Ing ns nthar,;so ;ts affairs shall
: ,,nn;dsted hv three "a, commissioners wi
aaIloa,eo Ia9a,p ne ,oo.od bv tba stnckbolders at
snt;n snan no osIiaa for t},at nnrnosa in the sau
!. niee.s oaoa o.haa ,naotinaI These commi
manner as osnef a n.sS mss - n lion;deta .
!. s,nhels snai' s ~ .h;s onpnor.t;on They a.
q TUG anails ~ .n;,h s a,thdritT - sell ali nro
j. erts real and personal receive proceeds, pa
n saaI,s oIas a,d f,,;str;hnte the balance anon
a.. az o,nolebo,dars Shonid vacancy oect
among the commissioners the remainder sha
cnntinue the liauidation
. continue 'Ao 'ids..
/, ARTICLE -.
No stockhoider small ever % neia iiaDio
raRD0usible Tor The contracts OF lduitS Vi 1u