The Lake Charles echo., 1893-09-01
CHA RTER.-
STATE OF LOUISIANA
pAaIsn nn r-srna.IEtl

STATE OF LOUISIANA.
bAHIsH OF C&LCAslEu.
BE IT X RTOTE That On this the .lsth nav a
j AIS s9st, Iss9 est9Fe t1e Z. I. Cann a, notary
Parish Of GasGasisu AID State of Louisinpa isuii
20 the presence Of tas Al Foster and Henri o.
Sst awful Witnesses, personally appsased I, y.
carroll, 4. z Hyatt j. H. Eavea Sr u w
ichols j. A- Seely and Isaao Nichols al Of The
lDaEt nHlaed stzte and yzfash " no de- laFsd thai
'ya3lhg themselves Of the provisions 0T the laws
ii la' stat at Louisiana. relative to the qrgnui
katEUHs of CORPORATIONS they have eoBtraet.zi ana
iETesu and do b these presen's oSTsrant and
gree o6llEals ss7li- siHd themselves - sFeil a.
--uob other pErsHn5 as may hereafter become
tsTottaied vita thsu. 60 fsfm and ,tFFsfit1ft a
corporation ard body politiC In law. for the
objects and purposes under the following stipu.
mtIUn and agFssHBsnt. TO-Tyit:
ARTICLEI
The name and ats Is Of this sorparatiop shaIl lac
THE PEOPLE COOPERATIVE AsSOCI.
LIoA. OF CALCASIEU PARISH. LOUISA Ma.
LIMITED and by that nafe it shnli laFf tbe
snihoiiiy and lEBwsrs TO exist and enjoy suones-
sion tor the full tern Of five years, ooIamen-inC
aod 70 be computed fiom thg 18th day Of Angust,
ARTICLEu.
The doIniole Of thiz corporation shall be within
the vicinity Of 1rFTyyillg. La and all eitPtf0ns
or other legal prDosss shsli be lsrrysd On the
puesid-nt Of said corporation. or IN Ill. absence or
sevretary.
ARTICLE III.
The purposes Of this corporation ave to conduct
cooperative general mercantile business.
ARTICLE ".
This gOrEDFataon5 shall have the power By aud
under it, corporate hatue Ia l1Brtbass FeeetVs
aH'i etoy laFds gt0dis chafttls and an, PROPERTY
OF kiud Whatsoever. Ii stall have the Fi,l
to graut sell HJrigsEe and dispasp Of said pTI'p
erty 70 rue and to be satsd. plead ami be i'm
pleaded to contract and be contracted with tu
make ami ase a common seal % make and
esla Dlish by-laWB to govern this corporation.
AR fICLET Y.
The capital stock OF this cDFpyFa ti0n Is hereby
hE-T4 al wenty Ihuu-and Dallar5 $50 0f0l, 70 be
divided into shAIss Of 6 each with liberty 20
CumHrnue operations when one hundred shares
have been pad up No stDckhalder shall Syer be
habie responsible iOT the contracts OF fanIs Of
tins corporation in any tuftber snm than the
uhIasd stOgk dne hiu- OF shsll any mere inform
allii In organization have the effect Of rendering
this charier nuil Or Of eHpoaiBg any stoekb0lder
stock.
ARTICLE VI
The stOOkholders Of this corporation shall hold
annual meetings the second Thursday In
Angus OF each year aud shall elect from their
number h0aTd OF seve directors, three Of whom
shall constitute quorum for the transaction Of
DuslHess in ~ HON all the CBFpUEatB powers Of
tins C1FP0ratlsn shall beryssisd and exercised.
A majority Of al the vOBss cast shall elect aud
each sham Of stock shall be entiIlvd to vote pro
vued No person Ia entitled 10 more than ten votes
And the directors thpn elected shall serve and con
tAIur IN UlBUe uBtil thelf HugUessUFE have bBcn
elevlei A failure 70 elect directors on the sb0ye
eP5gIlH time shall not dissolve this cOTErsati,fu
5u the existing board Ji directors shall continue
office and auuJbsF election shall be b=d Within
unity DAYS thereafter Hyhsrt9i, Ten dagE pIiur
notice shall be given By mail OF oth-rwise Of Baid
! election Vacancies occurring in the 5aid board
lIuH ANY cause Nhat.-VsT, shall be filled bS the
remaining directors from smOng the eligible
.IpcEh"luvUs Of the association. The beard Of
directors at their first meeting 1i each year shall
FF..Tr s14F.F
ur ut aud secretary well elect from tiIue to
lime aud dismiss At their will such mama gsFB,
clerks, agents RId smpiOte as may be d-eIB-d
necessary Tor the purposes o! the corporation aDd
70 flZ LhsiI remuneration and make aud establish
a. ~sdl anuul a.sd alter all by laws rules and
regulations doeIned requisite for the support and
management Of the business ri The corporation.
ARTICLE VII.
/ Stockholders shall be required to own a, least
! Ion shares Of capital stock Ia beuOme eligible for
a director Of this cOrpgTHt8un The general
uanagEr shall be required ~ OWn not less than
ten shares OF capital ST ok and shall be REQ tired
| Ia give good au' soiyen bond for the faithful
performance Uf has duty.
ARTICLE VII
All the profits Of This association shall be
applied first To the payment Of all operating sx-
peusgs. The balance Of profits If any, shall be
J tisuIb8ted Among the stuck kholdeTs according TO
tho amount Of their stock.
ARTICLEIX.
Thia act Of incorporation may he changed.
| uOuihSd "r altered, said corporation may be
diRsolVed with the CONSENT Of three-fVaTths Uf the
sock represented
ARTICLE Y.
Whenever this oUrpUr .tiun shall be dissolved.
either By iinitaIiVn ii its charter or otherwise
/ lr'ln any whatever its atfairs shall be
\ ilQHldaJ'd By bbFue Inissi8Hsrs syhG shall be
rlrcted by TIE stOch hoidsra NJ general lnsstin,,
Gallon for aI purpose: said commissioners stall
continue IN office anil tue affairs of tho eUFpUr.
alton shall have been fully hquldatsd aud a hual
settlement be perfevted. s" & #s
/ | q J. CARROLL, t
T. Z. HYATT
j. N. .sNEELY, r
). B EAVE : SR.,
ISAAC-HIOHOLS,
j. W. NICHOLS III. D.,
| j. b. EAEES. JK
! Attest:
! HEaRY CARTER,
D. Al. EOsTEK