The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1893-02-18
East Carroll Opera House and Build
Ing Association Limited.

The domicile shall be and remain at the
town of Providence, parish OF East Carroli.
State of Louisiana, and 1t shall commence
business as soon as two thousand collars
shall lave been subscribed and this charter
recorded.
II shall have and enjoy succession by it's
corporate name for period OF TWENTY-FIVE
wears from this date. unless sooner dissolved
as hereinafter provided for; ana IL sbaii
have power and authority to contract. ana
to sue and be sued in its corporate name :;
to make and use a corporate seal. such as
NAV be selected by the Board of Directors,
and the same to alter Or break at their
pleasure: to hold. acquire, receive. sell,
purchase, convey, lease. mortgage, pledge
and hypothicate such property real, person.
aI or mixed under their corporate name ana
under the restriction establlshe by law. as
IN the opinion of the Board OF Directors
NAV be necessary, convenient and proper
for the transaction of the business thereof.
and the accomplishment OF the objects ana
purposes for which it Is established: 10
name and appoint such managers. directors,
officers and employees as itssneeds, eonveni-
ences and interest may require to make
and establish such bylaws for the proper
management and regulation of its affairs as
may be necessary and proper, ana not In
consistent with this charter or the laws OF
this State or the United States; ana gener-
! ally to enjoy. possess and exercise all the
rights: powers and privileges granted Dy
/ law to such corporations.
ARTICLE Ill.
The objects and purposes for which this
corporation is established and the nature
! Of The business TO be carried IN by It are
declared to be primarily to build Town
Hall and Opera House in the town OF
Providence. and such other buildings as
the Board of Directors may determine,
same TO BE constructed either in Connect
ion Herewith or otherwise.
ARTICLE Ill.
The capital stock of this corporation IS
hereby declared 60 be the sum OF twenty
five Thousand Dollars. divided into oJod
shares of Five Dollars each. twenty-five PEI
cent of which shall be paid on subscription
4 and the balance when AID how he boaro
of Directors shall determine. provided
notice of ut least 80 days shall be given e
each subscriber for the payment OF what
ever instalment may be required by tiis
Board OF Directors. which snail not exceed
% per cent every 80 DAYS, and in case an
stoekhoIder shall fail TO pay any such IN
, stallineHt at the time appointed after hasins
, been duly notified as herein. the Board Q
Directors shall sell the stock owned o.
: him. or her. at public auction after ~ DAY
, advertisement, and after payir out Of TIL
proceeds thereof the amount OF SAID cal
: and all costs and expenses. SHALL pay owe
, the balance to the owner o. said stock
All stock shall be transferred on tn
e books of tue Company in such manner an
!. form as shall be provided in the bylaws.
: No stoclsholder Of the Company shall b
!. permitted TO sell or dispose OF IN any mar
ner his share or shares OF the stock witliou
n first Offering the same IN writing at 4
. | fnarksS value TO the Company through II
7 President or Secretary ami il the Compan
t should fail to purchase the same at the sal