The Opelousas courier. [volume] (Opelousas, La.) 1852-1910, 1892-08-13
CHARTER
OPELOUSAS COMPRESS COM
PANY LIMITED.
STATE OF LOUISIANA,
PARISH OF ST, LANDRY,

- 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 S. .
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 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
or near the town of Opelousas, La, and it
shall exist twenty five (25l years from date of
/ this Charter.
/ ARTICLE2.
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 he 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 J.
The capital stock shall be Fifty Thousand
Dollars, divided into five hundred shares of
$4,000, each payable as follows Ten per
cent. u0 olo) at the time of subscription,
twenty per cent. go oIol on October lst,
1892, and twenty per cent. 40 oIo) 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. US oEO)
of the amount subscribed be called in at one
time and that no calls be made oftener than
k1,;r ;rtry oh,
operations as soon as Twenty yfve Thousand
| dollars 1925, 5,00O.OO) of its stock is subscribed
ARTICLE 4.
The corporate powers of the company shall
be vested in q 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 a majority
| election shall be published in one of the
weekly papers published at Opelousas, 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 their sue
cessors are appointed, at a new meeting to be
called for that purpose, after the ten ll0l
days notice, as above provided for.
| Any vacancy occurring i'll the Board of Di-
rectors shall be filled by the Board from the
remaining stockholders. They shall elect a
! EF6SlucDG anu IL SbCfetaFy tu6 secretary Snail
also act as Treasnrerl 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, C. 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 sJhe U. S. Mail
at least three days before the meeting.
ARTICLE S.
All 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 do
! the same.
/ ARTICLE 6.
Transfer of stock shall be made Oh the
| books OF the corporation upon the surrender
of stock certificates in presence of the Secre
tary, who shall attest all transfers and isssne
| new certificates in lieu of the ones surren-
dered. Transferees will assume all unpaid
balances due on transferred stock.
ARriCLE7.
/ The Secretary shall make "a statement OF
the affairs of the corporation to the Board OF
Directors annually, who shall declare such
of the business. The first of June of each
year shall be the date for such a statement
commencing with June lst 1893.
ARTICLE 8.
The Board of Directors will select q mana
ger and appoint all employees and fix theil
salaries. All such employees to hold theil
appointments at the pleasure of the Board o
Directors.
! ARTICLE 9.
This corporation may be dissolved at any
time by vote of two-thirds of its stock
.RTICLE 10.
At the dissolution of this Corporation BY
limitation or otherwise it's affairs shall be
llquidated by three t3) commissioners WHIT
shall be elected by the stockholders at 6
meeting called for that purpose iu the samt
manner as other meetings. These commits
sioners shall be empowered to 1quIdate al
the affairs of this corporation. They are
hereby vested with authority to sell all prop
erty real and personal, receive proceeds, pay
all debts and distribute the balance among
the stockholders. Should a vacancy occur
among the commissioners the remainder shall
continue the liquidation.
ARTICLE IL
No stockholder shall ever he held liable ol
responsible for the contracts or faults of thl;
corporation in any further sum than the un
paid balance due on the shares OF stock own
ed BY him or shall any mere informallty IN or
gauization have the effect of rendering thl'
Charter null or of exposing any OF the stock
holders to any liability beyond such unpait
balance
AkTiCLE I2.
This act of Incorporation may be changed
modified or altered, the capital stock Increas
ed or decreased by a vote of two-thirds OF III
capital stock at a general meeting OF tn
stockholders convened for such purpose ate
ten u0j days notice as provided for in ar
! ticle a.
ARTICLE l3.
Two of the directors shall constitute
ouorum for the transaction of all business o
this corporation.
Thus done and incorporated in my ofhce a
i, Opelousas, La, in presence OF the hhaei
signed competent and attendant witnesses
who hereto sign with said appearers and me
Notary, on day and date first above writer
+ after reading of the whole.
.Oripinal Signed j. BLOCH,
C. SETTooE,
C. j. THoMPsoE.
Attest:
j. LAsALLE,
WIN. L. GILL. w S. FRAZEE,
t Notary Public.