The Opelousas courier., 1892-07-23
CHARTER
OPELOUSAS COMPRESS COM
PANY LIMITED.
STATE OF LOUFAANA, I
PARISH OF ST. LANDRY. {


" PARISH OF ST.. LANDRY. !
DE IT 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
mIsslOned 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 and
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
be THE OPELOUSAS COMPRESS COM
PANY LIMITED. Its domicile shall be at
shall exist twenty-five t25| years from date of
this Charter
ARTICLE 9.
The objects aud 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
thing appertaining to that business.
ARTICLE }.
The capital stock shall be Fifty Thousand
Dollars, divided into five hundred shares of
$4,000, each payable as follows: Ten per
cent. TO- at the time of subscription,
twenty per cent. 10 oIo) on October lst,
1892, and twenty per cent. go oIo) on January
lst, 1898, and the balance at snch ii me as the
Board of Directors may direct, provided that
/ M fyuon nj
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 1926, ,000.0O) of its stock is subscribed.
ARTICLE 4.
The corporate powers of the company shall
he vested in Board of Directors composed
of Three (3l stockholders to be elected an
nualiy 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 a majority
of the votes cast shall elect. Notice of the
election shall be published in one of the
weekly papers published at Opeousas, La,
at least ten ll0l days prior to the election !:
on failure to elect from any cause, the di-
rectors in office shall continue until heir sue
cessors age appointed, at new meeting to be
called for that purpose, after the ten II0l
days notice, as above provided for.
I rectors shall besilied by the Board from the
remaining stockholders. They shall elect q
President aud Secretary the Secretary shall
also act as Treasurerl out of their number.
All employees shall hold their offices solely at
! the pleasure of the Board. Citations aud 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
tiee of all meetings must be given by letter
or postal card deposited into the u. s. Mai
at least three days befo1e the meeting
ARTIcLE 5.
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
dent or Secretary, or inability to act from
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 ou the
books of the corporation upon the surrender
of stock certificates in presence of the Secre-
tary, who shall attest all transfers and issue
new certificates in lieu of the ones snrren
dered. Transferees will assume all unpai'
balances due on transferred stock
ARTICLE z.
The Secretary shall make a statement o
the affairs of the corporation to the Board o
Directors annually, who shall declare sucl
dividend as might be warranted by the resul
of the business. The first of June of eacl
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. All such employees to hold thei
appointments at the pleasure of the Board G
Directors.
ARTICLE 9.
This cor poration may be dissolved at an
time by vote of two-thirds of its stock
ARTICLE 10.
At the dissolution of this Corporation
limitation or otherwise its affairs shall b
! lIquidated 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 comm
sioners shall be empowered to liquidate a
the affairs of this corporation. They al
3 hereby vested with authority to sell all prof.
/, erty real and personal, receive proceeds, pa
all debts and distribute the balance anon
the stockholders Should vacancy occu
among the commissioners the remainder sha
!, continue the liquidation.
ARTICLE IL.
No stockholder shall ever be held liable {
responsible for the contracts or faults OF th
corporation in any further sum than the III
, paid balance due OH the shares OF stock eWi
ed by him or shall any mere informality IN o
0 ganization have the effect of rendering tn
Charter null or OF exposing any of the stool
0 holders to any liability beyond such uppaI
balance.
ARTICLE -.
1 This act of incorporation may be changes
n modified or altered, the capital stock Increa
5 ed or decreased by vote OF two-tnlrds OF L
s capital stock at a general meeting OF %
! stockholders convened for such purpose afts
! ten H0| days notice as provided for III a
0 ticle 4.
\ ARTICLE i3.
0 Tgo OF the directors shall constitute
0 onorum for the transaction of all business
5 this corporation.
0 Thus done and incorporated in my once
0 OneIousas, La, in presence OF the unde
signed eompetent and attendant witnesses
0 who hereto sign with said appearers ano N
Notary, on day and date firsb above Writte
0 after reading Of the whole.
"A an-.a, S;rnoaa II BIncH.
5 C.. SETTooE,
5 G. j. THOMPSON
g Attest:
= = j. LAsALLE,
% W.T r, Orr w S. FRAzEE,