St. Landry clarion. (Opelousas, La.) 1890-1921, 1894-09-22

4 .
/ The name and title of this corporation
shall be .THE SEVENTH DISTRICT
i PUBLISHING COMPANY, Limited, 2
and under said corporate name it shal
have power and authority to have ane
fenjoy corporate existence and succession
i for twenty-five years from and after
date hereof; and shall have power tc
| contract and be contracted with, TO sue
4 and be sued, to make and use a corporate
1 seal and to break or alter same at pleas
ure, to hold, receive, let, purchase, con
yey and mortgage and hypothecate
| property, real, personal and mixed to
borrow and lend money and to give and
receive security therefor; to name and
appoint such managers, directors, Off
GERS, servants and agents as the interest
and convenience of said corporation
may require; and to make such bylaws,
rules and regulations for the manage
ment OF It's affairs as may be necessary,
| and the same to alter, amend and repeal
at Its pleasure.
ARTICLE II.
The domicile of said corporation shall
be opelousas, in said parish and State,
and citations and other legal process
s11fai be served upon the President of
said corporation, and in his absence upon
the Secretary.
ARTICLE III.
The objects and purposes for which
this corporation is established, and the
business to be carried on by ii, are as
follows: To print and publish in said
town of Opelousas a monthly or semi
general book and job printing busi-
ness and all things connected Herewith,
and by sale of such newspapers, periodi-
Gals, books and other printed matter
published by it, to disseminate news and
information, and for said purpose it may
purchase or establish a newspaper or
newspapers, dc.
ARTICLE Nv.
The capital stock of this corporation
is hereby fixed at the sum of Five Thou
sand Dollars, divided into and represen-
ted by one thousand shares at five dol
lars each, and said stock shall be paid
for as follows: one-tenth or more at the
time of subscription and the balance at
the rate of five dollars per month there
after. The Board of Directors shall
have power to issue full paid stock at
not less than par in payment of a news
paper outfit or material or other proper
ty purchased by said corporation, or for
work done or services rendered said cor
poration, and this corporation is author
fzed to begin business as soon as Five
Hundred Dollars of the capital stock
shall have been paid in.
Transfers of stock shall be valid only
when made ON the books of the compa-
ny, subject to such formalities as the
Board of Directors shall prescribe.
ARTICLE V.
The corporate powers of said company
shall be vested in and exercised by a.
Board of Directors composed of nine
stockholders of said company to be ell
ected annually ON the third Tuesday in
April. The first election shall be by
ballot and held at the office of the COM
pany under the superintendent of three
commissioners to be appointed by the
Board of Directors. Ten days prior no.
tice of such election shall be given by.
publication in the paper published by
this company, and the Directors shall
continue in office until their successors
shall have been elected. Each stock
holder is entitled to cast, either in per-
son or by proxy, one vote for each share
Of stock held by him or her, and the
majority of votes cast at such election
shall elect the Directors for the ensuing
year. "A failure to elect Directors shall
not dissolve the corporation, but the
Directors then in Office shall continue as
Directors until special election can be
held, which shall be after ten days. no.
tice as above provided.
Any vacancy in the Board shall be
filled by the remaining Directors, and
five shall constitute quorum for the
transaction of any business.
. ARTICLE VI,
the first Board of Directors, viz: G.. J.
". Boyd, T.. G. Simon, D. b. Gibson, G..
North, w. NJ. Johnson, Ct. f. Priestly.
f. Mack, A. Poydras and A. G, Gibson
whose names are signed hereto, and
they shall hold office until the third
Tuesday in April, 1895, and until their
successors are elected. The Board of
10 u Re, ffr,t -.
from its number a President, yfce-Pres-
ident, Secretary and Treasurer. Said
Board of Directors may also appoint q |
General Manager of the business of the I
corporation, who shall also be Editor-in-
Chief OF any newspaper published by it. |
Any contract with said General Mana |
ger shall not exceed one year, and his
salary shall be fixed by the Board. Said I
manager shall have the power to select |
the employees and to discharge and fix /
their compensation, subject to approval /
of the Board.
ARTICLE VII.
dissolved its affairs shall be 1iquidated |
by three commissioners to be appointed
from among the stockholders at gem
eral meeting to be convened for the pur-
pose after thirty days prior notice by
one OF the weekly papers published In
Opelousas, and with the assent of a ma
Iorlty in amount of the capital stock of |
said corporation. Said commissioners
shall continue in office until the affairs /
OF said corporation shall be fully liqui- I
dated, and in case Of the death of one |
commissioner the other two shall con-
tinue to serve.
ARTICLE VIII.
The Board of Directors shall exhibit
q quarterly statement of the financial |
condition of the company and declare |
such dividends as the profits (
will allow. No person shall be Direc- |
tor unless he be holder OF five shares.
This act of incorporation may be chang
ed, altered, amended, or said corporation
the assent of majority
IN amount of the capital stock thereof I
IT general meeting of the stock -hol-j
1ers called for said purpose after thirty
lays prior notice in weekly newspa- /
paper published in said town of gnel- /
ousas.
ARTICLE TX.
No stock sholder shall be held liable
FOR the contracts, debts or faults Of said
corporation IN any sum greater than the
unpaid balance that may be due the
company on shares of stock owned by
aim or her. Nor shall any mere infor-
mality in organizing have the effect Of
this charter null or of expos
ng any stakeholder to any liability be-
yond the amount of such unpaid balance
lue upon his or her stock.
Thus done and signed at Opelousas.
said parish and State in presence of +
said undersigned competent ard atten-
lent witnesses, who have signed hereto
With said appeasers and me, Notary, af-
.er reading Of the Whole. Felix Mack
not knowing how to write signs hyi
making his ordinary mark, and Giles
Sorths William M, Johnson, Dixon ii.
IihGnIl Andraxu (I. .flibaon and 1.l,e..sa..I