The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1893-02-25
East Carroll Opera Hauss and Build
iny Association Limited.

The domjriIe shall be and remain at the
town Of Providence. parish OF East CarroH.
State ot Louisiana. and 1t shall commences
business as soon as two thousanu uohaie
hall ave been suDscTipeu ano 1nis e"
recorded.
1t shall have and enjoy succession by It's
corporate name for a period OF twenty.nve
wears from this date. unless sooner dissolved
as hereinafter provided for; ana IL snaii
have power and authority to contract. anu
! TO sue and be sued in its corporate name :
| To make and use q corporate seal such as
NAV he selected by the Board OF Directors,
| and the same to alter or break at their
pleasure: to hold. acquire. receive. sell.
n,,rchase. convey, lease. mortgage, pledge
ana hypothcate such property real. person,
| al or mixed under their corporate name ahe
/ under the restriction established y! Ia" ,as
/ IN the oninion Of the Board of Directors
i NAV be necessary. convenient and proper
! for the transaction of the business thereof.
! and the accomplishment OF the obJecis anu
i purposes for which it is established 70
name and appoint such managers directors
! officers and employees as its needs, convent
ences and interest may require; 70 nlane
4 and establish such bylaws for the proper
management and regulation OF It's affairs az
may be necessary and proper, ana not In,
consistent with this charter or the laws OF
this State or the United States; and gener
ally to enjoy. possess and exercise all tht
rights. powers and privileges granted D,
law to such corporations.
ARTICLE Ill.
The objects and purposes for which tni'
corporatien is established ana the haSut'
. ri The business 10 be carried IN ny y arr
declared ro be primarily to build Tow
, Hail and Opera House in the town
Providence. and such other buildings II
the Board of Directors may determine
same to he constructed either in CONNECT
ion Herewith or otherwise.
ARTICLE IN
The canital stock Of this corporation ,
} hereby declared to be the sum OF twenty
:, five Thousand Dollars. divided into aUJ
shares of Five Dollars each. twenty-five pc
cent of which snail be paid on subscripflo
and the balance when ard how the BOAT
a of Directors shall determine. provided
/. notice of at least 30 days shall be given
each subscriber for the payment OF VIVA
4 ever instaliment may be required by th
!, Roard OF Directors which shall not excee
U ~ per cent. every 30 days, and in case ~
stockholder shall fail to pay any such j
stallment ut the time appointed after nasiu
e been duly notified as herein. the BOARD !
Directors shall sell the stock owned
him. or her. at public auction alter - ga
advertisement, and after payir out 81 y
IL proceeds thereof the amount OF SAID {;
II and all costs and expenses. shall pay Os
4. the balance to The owner D. SAID STOCK.
All stock shall be transferred on q
books Of the Company IN such manner ~
form Ms shall be provided IN the oy-ia~s !;
No stockhoIder of the Company SHAH
50 permitted TO sell or dispose Of IN any ma
4. ner his share or shares of the stock witpo
III fret offering the same IN writing az
= market value to the Company through
10 President or Secretary and II the Compa
should fail TO purchase the same ~ the .