The Opelousas courier., 1893-03-11
CHARTER.


Torn Of Opelousas.
DE IT KNOWN that on this, Third Da,
- in the month of March, in the Year of oul
Lord One Thousand Eight Hundred and Ninet1
Three, before me, Alfred Payy, a Notary Pub
lie, in and for the Parish of st. Landry, STATE
of Louisiana, duly commissioned and quail
fed, and IN the presence of the witnesse!
hereinafter named and undersigned, person
ally came and appeared the persons whose
names are hereunto subscribed, who s~everally
declare that, availing themselves of the pro,
visions of the law of the State of Louisiana
on the subject Of corporations, they have con,
tracted and agreed, and by these presents do
contract and agree and obligate themselves
and their associates and successors to form,
and by these presents they do form a corpo-
ration for the objects and purposes, and un.
der the terms and stipulations herein sci
forth, to-wit:
article |, The name and title Of said corpo-
ration shall be THE OPELOUSAS COM
PRESS COMPANY" BY that name said cor,
poration shall have power and authority to
exist aud enjoy succession for the full term
and period Of Ninety-Nine 1907 years, from
and after the day and date hereof, to con-
tract. sue and be sued, to make and use q
corporate seal, aud the same to break or al.
ter at pleasure; to hold, receive, purchase
and convey as we'll as mortgage and hypOth-
ecate property, real, personal and mixed to
name and appoint such managers, directors
and officers or agents as the interest of said
corporation may require, and to make and
establish such by laws, rules and regulations
for the proper mana cement and regulation
OF the affairs of said corporation, as may be
necessary and proper and the same to alter
and change at pleasure.
AH. , The dOinicile of said corporation
shall be III the town of Opelousas, Parish of
st. Landry, State of Louisiana, and all eta.
ton on other legal process shall be served up
- . In Dungs1nnY ~f HNs1 yNr N~1 -
case Of his absence, upon the Secretary there
of.
Art 3. The objects and purposes for which
this corporation is established, and the ma
ture OF the business to be conducted or car
ried on by if. are declared to be. to provide
for the storage, or safe keeping of cotton and
other merchandise or produce, to compress
cotton, and transact all business incidental
thereto, and in furthcrance of aforesaid pur-
poses Ia maintain and operate suitable ware
houses, cotton presses and other appurte
nances requisite for the transaction of the
business OF storing and COMPRISING cotton,
as we'll as the storage of any and all me,'
ChdftdiSe or produce,
Ark. a. The capital stock of said corporation
is hereby fixed at the sum of Fifty Thousand
Dollars, 1880, 600i to lie divided into or rep
resented by Five Hundred Shares OF the sum
of One Hundred Dollars t$l00l each, which
said stock Shall hr paid for thirty-seven and
bllC tUll per cent az tItuG ~ SHtSti ptlPil' ttllti
the balance at such time as the Board of Di-
rectarS shall determine to calf same. such
calls 20 he not more than twenty-five t2al per
ceut OF its par value 1T ome time, nor shall
such calls b.. tutde oftcnrr Than once in thirty
i3bl days. ct he said stock may he issued mt
not less tlLlu par, IN payment at property ac-
tualiy received or purchased 10y said carpo-
ration. At, for labor dome therefor, and the
corj,"t atiun shall commence business as soon
as Twtn'ysFItr ThuuSind tS4r,tG0l Dollars ut
ITS captni stuck viii have been subscribed.
Art. . All Tie curpnratr powers Of said cor
poritIOn shall he vested III and exercised by
d Boaid ot Directors. 10 he composed of five
Stockholders. which Board shall he elected
annually on the first Monday of May in each
every wear. beginning in the year Eigh-
teen Hundred and Ninety-Four. All such
elections shall he by ballot, andr held at the
office o. said corporation, under the superin-
tendence Of two ~ commissioners, to he an.
pointed for that purpose by the Board ot Di-
reetors, of which election @n It0l days prior
shall be given by publication in any
published ~ the town of Opelou-
sas, or in default OF such newspaper being
published III said town. in any paper pub
nearest thereto. Each shtr" OF stock
be entitled to one vote, tn b. rast by it's
owner, either III person or by proxy, at all
elections or meetings al the stockholders, and
persons receiving the greatest number of
votes cast II SucA election shall be The Direc
tors,
A failure ta elect Directors on the date
above specified, shall not dissolve the rc0rpo-
but the then incumbent Directors
shall cause another election to be held, with
n Thirty 1907 days, whereof ten Ilol days
)rI0r notice shall be given in the newspaper
published, as aforesaid, aud all officers shall
lOld over until their successors are elected
and qualified.
Vacancies occurring in the Board of Di-
SI,fI ta filHf hr tke paJ5.ipsERp 1ir
,ors. and three Directors shall constitute IA
quorum for the transaction OF business.
AT the first meeting following each an
nual election, the Board of Directors shall
elect one of their number to be President of
he corporation, and shall also elect a Secre-
;ary who shall also act as Treasurer, and
shall or may appoint from time to time. and
at pleasure such officers, clerks,
gents or other employees as may be deemed
for the business and purposes Of
he corporatio Ii. Said Board of Directors
nay make and establish, as we'll as change, |
liter or amend, from time to time, any and
I'll bylaws, rules and regulations that they
nay deem requisite for the support and man
cement of the business and affairs of said
They shall have power and au-
hority TO contract debts. borrow money, is
ne notes and mortgage bonds, execute mort
cages and generally do all things pertinent
,r incident to the object and purposes of this
orporatiOn. And. moreover, shall have
,ower and authority to issue aud deliver full
shares of stock, or bonds or obligations of
aid corporation in payment of labor done,
r money borrowed, or property or rights &C
ually received or purchased by the said cor
Art.. g.. All checks, drafts, notes, bonds,
ills or any other obligation OF this corpora
ion shall be signed by the President, and
undersigned by the Secretary, or in the
vent of the absence of either the President
Secretary, Or their inability to act, from
7hatever cause, the manager regularly ap-
by the Board of Directors shall be
ntitled to do the same.
Art. Z. Transfers Of stock shall be made on
he books of the corporation upon the sur
ender of stock certificates. in presence oft
who shall attest all transfers and