The Opelousas courier., 1893-04-08
CHARTER.
State of Louisiana, Parish of 81. Landry
Toun of OpctouSaS.

STATE Of LOUISIANA, L0faSh OF 81. L61tufJ
Tom of OpetomSaS.
DE IT KNOWN that on this, Third Da
in the month of March, in the Year of gu
Lord One Thousand Eight Hundred and Ninet
Three, before me, Alfred Pavy, q Notary Pub
lie, in and for the Parish of st. Landry, Stat
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 who's
names are hereunto subscribed, who several,
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 dc
contract and agree and obligate themselve
and their associates and successors to form
and by these presents they do form q corpo
ration for the objects and purposes, and un
der the terms and stipnlations herein SO
forth, to-wit:
article |. The name and title of said corpo
ration shall be THE OPELOUSAS COM
PRESS COMPANY" By that name said cor
p~oration shall have power and authority tt
exist and enjoy succession for the full tern
and period of Ninety-Nine (99l years, from
and after the day and date hereof, to con
tract, sue and be sued, to make and use {
corporate seal, and the same to break or al
ter at pleasure; to hold, receive, purchase
and convey as we'll as mortgage aud hypoth
ecate property, real, personal and mixed; tt
name and appoint such managers, directors
and officers or agents as the interest of sale
corporation may require, and to make anC
establish such bylaws, rules and regulations
Tor 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.
Art. :. The domicile of said corporation
shall be in the town of Opelousas, Parish Of
st. Landry, State Of Louisiana, and all cita
ton or other legal process shall be served up
on the President OF said corporation, and II
case OF his absence, upon the Secretary there
of.
this corporation is established, and the ma,
ture of the business to De conducted or car
ried Oh by it, are declared to be, to provide
for the storage, or safe keeping of cotton and
other merchandise or produce. to cOmpres IS
cotton, and transact all business incidental
thereto, and in fnrtherance of aforesaid pur-
poses to maintain and operate suitable ware,
houses, cotton presses aud other appurte-
nances requisite for the transaction of the
business of storing ana COMPRISING cotton,
as well rs the storage of any and all meT,
chafadiSe or produce.
Art. 4. The capital stock of said corporation
is hereby fixed at the sum of Fifty Thousand
Dollars, $3.50, 000j to be divided into or rep
resented by Five Hundred Shares OF the sum
Of One Hundred Dollars ($l00I each, which
said stock shall be paid for lhirty-seven and
one half per cent at time OF subscription, and
the balance at such time as the Board of Di-
rectOrs shall determine to call same, such
calls TO be not more than twenty-five t2J) per
cent of its par value ut one time, nor shall
such calls be made oitcncr than once in thirty
(3u) days, or the said stock may be issued at
not less than par, i'll payment of property &c
tually received or purchased by said cOrpo-
ration. ~ for labor done therefor, and the
corporation shall commence business as soon
as TWENTY-FIVE Thousand ($25, 600 Dollars of
its capital stock will have been subscribed.
Dirt. 5. All the corporate powers OF said cor
poration shall be vested in and exercised by
a Board of Directors, to be composed of five
Stockholders, which Board shall he elected
annually on the first Monday of May in each
and every year, beginning in the year Eigh-
teen Hundred and Ninety-Four. All such
elections shall be by ballot, and held at the
office of said corporation, under the superin.
tendence of two ~ commissioners, to he ap-
for that purpose by the Board OF Di-
of which election tenaS l0l days prior
notice shall be given by publication in any
published in the town of Opelou-
sas, or in default of such newspaper being
published in said town, i'll any paper pub
lished nearest thereto. Each share of stock
shall be entitled to one vote, to he cast by its
owner, either i'll person or by proxy, at all
elections or meetings of the stockholders, and
persons receiving the greatest number of
votes cast Ill such election shall he the Direc-
tors.
A failure to elect Directors Oh the date
above specified, shall not dissolve the c0rpo-
ration, but the then incumbent Directors
shall c;l.isc another election to be held, with
in thirty 1901 days, whereof ten ll0l days
prior notice shall be given iii the newspaper
published, as aforesaid. and all officers shall
hold over until their successors are elected
aud qualified.
Vacancies occurring in the Board of Di-
rectOrs shall bo filled by the remaining Direc-
tors, and three Directors shall constitute Il
quorum for the transaction of business.
At the first meeting following each an
nual election, the Board of Directors shall
,lect one of their number to be President of
5he corporation, and shall also elect a Secre-
who shall also act as Treasurer. and
shall or may appoint from time to time. and
at pleasure such officers, clerks,
agents or other employees as may be deemed
necessary for the business and purposes of
he corporatio u. Said Board of Directors
nay make and establish, as well as change,
alter or amend, from time to time, any and
Ill bylaws, rules and regulations that they
nay deem requisite for the support and man
cement of the business aud affairs Of said
corporation. They shall have power and au-
TO contract debts, borrow money, is
ue notes and mortgage bonds, execute mort
cages and generally do all things pertinent
Or incident to the object and purposes of this
corporation. And. moreover, shall have
lower and authority to issue and deliver full
aid shares of stock, or bonds or obligations of
aid corporation i'll payment of labor done,
r money borrowed, or property or rights ac-
uaily received or purchased by the said cor
Dirt. 6. All checks, drafts, notes, bonds,
ills or any other obligation of this corpora
inn otoll ha aiwna1 nv tha 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 APP
by the Board of Directors shall be
Untitled to do the same.
Art. Z. Transfers of stock shall be made on
be books of the corporation upon the sur
ender of stock certificates. in presence ofthe
ecretary, who shall attest all transfers and
,sue new certificates in lieu of the ones sur
Trasferees will assume all I'M
aid balances, if any, due on the transferred
took. All certificates of stock shall be
igned by the President and Secretary of this
Orporation and sealed with it's seal.
Art. 8. The secretary shall make "a state
lent of the affairs of the corporation to the
OF Directors, annually, who shall de-
Iare such dividend as might be warranted
y the result of the business of the corpora
on or shall do with the said earnings as
ley shall decm oesG 1of the interest Oh the
operation. The first Monday of May of
ach year. shall be the date for such il state
commencing with May 9TH, 1894.
Art. 9. This Act of incorporation may be dis
either by limitation, or may be
modified, or altered, or it's capital
,ock increased or decreased with the assent
two-thirds in amount of the issued capital
,ock of said corporation at any general
Getting of its stockholders convened for that
nrpose, after thirty 1907 days previous no,
she'd in one or more Of the papers published
aforesaid, or it may be dissolved upon the
.&.s e tluoo P,,nll, RS ~ H. :a,,ol .ar: