The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1893-03-11
ARTICLE |
The name and title OF this corporation
shall be known as the
East Carroll 0para H1ass and Build
inr Association Limited.

The domiciie shall he ana remain AZ tne
town of Providence. parish OF East oai ro ~ |
husiness NJ soon rs two thousand dollars
sh iii haye been subscribed aud this charter
recorded. ~ ~
corporate name tor a PERIOD Oh tWth,!,n'S
wears IRON this date. unless sooner dissoise !,
AS hereinafter proyideu lot; aua :. SUI
| have mower and authority to contract. ahu
/ 10 sue and be sued in its corporate name
! To make and use corporate seal such US
nav he selected nv the Board OF Directors
and the same 10 alter OF break at their
Measure: to hold. acquire, receive. sen,
| purchase. convey, lease. mortgage, pieuSe
and pypothicafe such property real. person.,
aI or mixed under their corporate name anu
/ nnder the restriction established by iaw,as
IN the n.,ir1jou Of the Board OF DIRECTORS
/ NAV be necessary. convenient ana proper
for The transaction of the business thereoi,
and tie accomplishment OF the onJects anu
nurnosps for which it is established 10
p,.me and appoint such managers. directors,
o1Iirers aud employees as its needs. conseni-
anres and crest may require, 10 ihahe
and establish such bylaws for the proper
management and regulation OF It's affairs as
my be necessary and proper, ana nov ~.
! consist ent with this charter OF tug "a" =.
.IIv To enjoy. possess aud exercise all tne
r;,.bts. mowers and privileges granted oy
law to such corporations.
[ ARTICLE Ii.
The objects aud purposes fer which tnI'
carnoratiou il established and the mature
al the business 10 be carried on py ~ az
fdpelared to be primarily to buiia ioesi
Hall and Opera House in the town =
Providence. and sueil other buiiaiags .
v the Board of Directors may determine
same to be constructed either In eohnec'
ian Herewith or otherwise.
ARTICLE Ill.
Tbe canital stock Of this corporation l
hereby declared 70 be the sum OF invent.
Z five Thousand Dollars. DIVIDED into su'
|, SHARES Of Five Dollars each. TWENTY-FIVE pe
cent of which shall be para on suosci,psa - !.
|. and The balance when aud how Inc boar
nj directors shall determine, PROVIDED
notice Of a least 80 days shall be gwen
/ each subscriber Tor the payment o. VIVA
aver instaIlInent may he required by u
~ Raard oi Directors. which snail not excee
RI u per cent every 30 days, ana IN case ~ =
IL stockhoIier shall fail to pay any sueh !
sfaliinent at the time appointea aits, ~ $
hfea duly notified al perein. the Doa.u
DIRECTORS snail sell the stock owneo
MN or her at public Auction AFTER - "a;
9 advertisement. and after payir out o. y
or rr.,ceesis thereof the amount OF saiu 2
he and ali costs and expenses siiaii pay os
the balance To the owner o said s.ock. ],
All stock shall be transferred on !.
hooks of the Company m sucn n, ,'iss.,s =
form ss shall he provided in the bylaws \.
~ No sfockholder Of the Company shais
en- era,ifted 10 sell or dispose oil IN abs IN
IS her his share or shares OF the stock witiio
frat altering the same Ia wuuhS -
s. market value to the Company through
- president or Secretary and u the Comps
should fail TO purchase the same - tse =