The Opelousas courier., 1894-08-18
OH ARTFR
OF THE
ST. LANDRY COTTON OIL co.
A OF LOUISIANA,

PARISH OF ST. LANDRY, CITY OF OPELOUsAs. )
Be it known that on this 10th day of July, in
the year of Our Lord One Thousand, Eigh,
Hundred and Ninety-Four, before me, Oscar H
Terwilliger, a Notary Public in and for the par
ish OF st. Landry, State of Louisiana, duly com
missioned and qualified, and in the presence OF
witnesses hereinafter named and undersigned
personally came and appeared the persons
whose names are hereunto subscribed, who
severally declared that, awaiting themselves OF
the provisions of the avs of the State of Lou,
isiana on the subject OF the formation of corpo-
%rations, they have contracted and agreed, and
by these presents do contract and agree and
cessors to form, and by these presents they do
form a corporation for the objects and pur
poses, and under the terms, stipulations and
limitations hereinafter set forth, to-wit, that is
to say:
ARTICLE I.
,s The zen name 7 a END title Go Of this this e e9rp cratic, s shall i
and by that name said corporation shall have
power and authority to exist and enjoy success
sion for the full term and period of 80 ninety
ninel years from and after the day and date
herelnabove to contract, sue and be sued; to
make and use a corporate seal, and the same to
alter at pleasure; to hold and receive and pur-
chase, as we'll as to mortgage and hypothecate
property-real, personal and mixed; to issue
bonds bearing interest at a rate not exceeding
7 (seven) per cent per annum and not exceed
ing 1926, 100000 twenty-five thousand dollars; to
officers and agents as the interest Of said COR
poratlon may require, and to make and estab-
llsh sucn bylaws, rules and regulations for the
affairs OF said corporation as may be necessary
and proper, and the same to alter and change
at pleasure.
ARTICLE II.
The domicile of said corporation shall be in
the city Of Opelousas, parish of st. Landry, and
all citations or other legal processes shall be
served upon the President of said corporation,
and in case of his absence upon the Secretary
thereof.
ARTICLE III.
The objects and purposes for which this cor
pOration is established and the nature of the
business to be carried on by it are hereby de-
purchase or lease, or to build and equip, and
the same to operate, works for the manufac-
ture of Oil, oiicake, meal, fertilizers. soaps and
any and all articles or commodities of trade
that can Or nay be made or distracted from
cotton seed, or other products of an oleagi-
nous nature the purchase and sale of all such
state; and to these ends and for such purposes
to establish and conduct and acquire by lease
or purchase and operate such works, machin-
necessary real estate and buildings, letters pa
tent or inventions and personal property as
may be deemed requisite for the purpose afore-
said.
To acquire by lease or purchase and the same
to own and operate one or more steamboats,,
vessels or other water crafts as may be requi-
site, convenient or necessary for the storing,
carrying, handling or delivering the products
and property of the said corporation and to
facilitate its business and transactions and to
uu WudtcScT elSc uldy DG necessary OF PERU
nent or in any wise incident to the aforesaid
objects and purposes.
ARTICLE W.
The authorized capital stock OF said corpora
ton is hereby fixed at the sum OF One Hundred
s inSesa at par De'7 Vaiue " Of 500 e aaeiaea ah ,hdo a 1eGG
stock shall be paid for at the rate of ten per
centnm 10 per cent? at the time of the sub
Beard Of Directors shall determine to call for
same, such calls to be not more than Twenty
five per cent. (25 per cent? of its par value at
f than 't once inn in thirty siaiy S ese1 days. Jays : Saba mas stock GI' @ag
be issued at not less than par in payment Of
property actually received or purchased by
e ea1q sadRopa sbali e OF nor iaeg bus doaes ana an sd tine
as the sum OF twenty thousand dollars ($20, OOO)
Of its capital stock shall have been subscribed
for.
ARTICLE v.
Az the corporate powers Of said corporation
shall be vested in and exercised by a Board of
Directors to be composed of seven ca stock
holders of whom at least a majority must re
side in the parish of st. Landry; which board
shall be elected annually on the second Mon
day of July in each and every year beginning
in the year 1895.
All such elections shall be by ballot and held
at the Office Of said corporation under the
superintendence of two C) commissioners ap,
pointed Tor that purpose by the Board Of Di-
newspaper published in the city Of Opelousas.
Each share Of stock shall be entitled to one
vote to be cast by it's owner either by proxy or
in person at the election, and the persons re-
ce1vlng the greatest number of votes at the
ELECTION shall be the directors.
The failure to elect directors on the date
above specified shall not dissolve the corpora
ton, but the then incumbent directors shall
cause another election to be held within thirty
(3O days, whereof ten QW days prior notice
shall be given in the newspaper published as
aforesaid, and all officers shall hold over until
their successors are elected and qualified.
Vnaonainc onn,, rrir1 sp %11 D~1~l - D.--o
tors during the year shall be filed by the re-
naming directors from among the stockholders.
and four ~ directors shall constitute a quorum
At the first Meeting following the annual
election the Board Of Directors shall elect one
ofstheir number to be the President and anoth-
Treasurer and shall or may appoint from time
to time, and dismiss at pleasure, such officers,
managers, clerks, agents and other employees
as may be deemed necessary for the purpose
and business of said corporation, and to fix
and change their salaries.
Said Board of Directors shall make and estab-
lish, as well as change, alter and amend from
time to time as they may see proper, any and
all bylaws, rules and regulations not incOnsist-
emit with this Charter and which they may
deem requisite for the cuisines and manage
ment OF the affairs Of said corporation. They
shall have power and authority to contract
debts, borrow moEeys, issue notes and mort
gage bonds, execute mortgages to secure the
same, and to pledge said notes and mortgage
bonds and generally do all that is pertinent or
conducive to the objects and purposes of this
organization; provided, however, that no debts
shall be contracted, moneys borrowed, notes or
mortgages issued or pledged, except for the
purpose OF buying seed and to pay the running
expenses OF the corporation and this only after
the stockholders shall have specially authorized
them by a twO-thirds vote.
ARTICLE VI.
All checks, drafts, notes, bonds, bills or any
other obligations of this corporation issued in
pursuance to this charter shall be signed by the
President and cOuntersigned by the Secretary.
And all officers Of this corporation who shall
be entrusted with any funds belonging to this
corporation shall furnish bonds in such amounts
as may be determined upon by the Board OF
ton.
Article VII.
Transfers Of stock Ehall be made on the
books OF the corporation upon the surrender
Of the stock certiicateSn the presence of the
Secretary who shall gttest ali transfers and
issue new certifcates of stock in lieu of, the
ones surrendered.
Transferees shall assume all unpaid balances
ii any be due on the transferred stock, and all
certificates of stock shall be signed by the
and authenticated by its seal.
ARTICLE VIII.
The Secretary and Treasurer shall make a
statement of the affairs Of the corporation to
the Board of Directors at such time as the
Board Of Directors shall declare such dividends
as may be warranted by the results of the bus
iness OF the corporation, or shall do with the
said earnings as they may deem best for the
general interest.
ARTICLE TX.