The Opelousas courier., 1894-08-11
CHARTER
--OF THE-
ST. LANDRY COT'TON OIL co.
TATE OF LOUISIANA,

the year of Our Lord One Thousand, Eight
Hundred and Ninety-Four, before me, Oscar II.
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
seyerally declared that, availing themselves of
the provisions of the laws of the State of Lou
isLana on the subject Of the formation OF corpO-
%ratiOns, they have contracted and agreed, and
by these presents do contract and agree and
bind themselves and their associates and sue
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:
The name and title Of this corporation shall
be ST. LANDRY CaTTON OIL COMPANY
and by that name said corporation shall have
sion for the full term and period of 80 NINETY
nine) years from and after the day and date
hereinabOve; 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 tseven) per cent per annum and not exceed
ing S25, 10000 twenty-five thousand dollars; to
name and appoint such managers, directors,
officers and agents as the interest of said cor
poratiOn may require, and to make and estab-
llsh such bylaws. rules and regulations for the
affairs of SAID corporation as may be necessary
and proper, and the same to alter and change
ARTICLE II.
The dOmicile of said corporation shall be in
| the city OF Opelousas, parish of st. Landry, and
all citations OF other legal processes shall be
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-
clared to be as follows, to-wit: To acquire by
purchase or lease, or to build and equip, and
ture of oil, oilcake, meal, fertilizers, soaps and
any and all articles or commodities Of trade
that can Or may be made or distracted from
cotton seed, or other products OF an oleagi-
! nous nature the purchase and sale of all such
articles either in raw, manufactured or refined
state; and to these ends and for such purposes
to establish and conduct and acquire by lease
or purchase and operate such works, machin-
cry, apparatus and manufactures with all
necessary real estate and buildings, letters pa
tent or inventions and personal property as
| said.
To acquire by lease or purchase and the same
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
do whatever else may be necessary or peril
nent OR in any wise incident to the aforesaid
ODJtcUS anu PURPOSES.
ARTICLE ".
The authorized capital stock of said CORPORA
ton Ia hereby fixed at the sum of One Hundred
Thousand Dollars ($10O,0OO) divided INTO 1000
shares at par value Of 800 each, which said
stock shalt be paid for at the rate of ten per
%scription, and the balance at such time as the
Board OF Directors shall determine to call for
same sam such calls LIS to be mot more than Twenty.
one time, nor shall such calls be made oftener
than once in thirty t3ol days. Said stock may
be issued at not less than par in payment of
property actually received or purchased by
said corporation, or for labor done, and the
corporation shall commence business as soon
as the sum OF twenty thousand dollars CSC, OO0)
Of its capital stock shall have been subscribed
Cor.
ARTICLE v.
All the corporate powers of said corporation
shall be vested in and exercised by a Board of
Directors te be composed OF seven "a 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
All such elections shall be by ballot and held
at the office OF said corporation under the
pointed for that purpose by the Board Of Df-
recton, of which election ten 90 daysKprior
notice shall be given by publication in any
newspaper published in the city of OpelOusas.
Each share of stock shall be entitled to one
vote to be cast by its owner either by proxy or
in person at the election, and the persons re-
election shall be the directors.
The failure to elect directors on the date
above specified shall not dissolve the corpora
cause another election to be held within thirty
(30 days, whereof ten t10) 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.
Vacancies occurring in the Board of Direc-
tors during the year shall be filled by the re-
naming directors from among the stockholders.
and four a. directors shall constitute a quorum
for the Transaction of ordinary business.
At the frsP meeting following the annual
election the Board of Directors shall elect one
of their number to be the President and anoth-
er to be Vice-President and shall also elect a
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 Int 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-
ent with this Charter, and which they may
deem requisite for the business and manage
ment of the affairs of said corporation. They
shalt have power and authority to contract
debts, borrow moreys, 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
conduciys to the nso objects and purposes pos, : OF thus
kASN ~ ~ NANV ~ NSDt
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 q two-thirds vote.
ARTICLE vi.
ALT 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 couDtersigned 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
| Directors and to be secured to their satisfac-
ton.
ARTICLE VII.
Transfers of stock shall be made on the
books Of the corporation upon the surrender
of the stock certificates in the presence of the
Secretary who shall attest all transfers and
issue new certificates of stock in lieu of the
ones surrendered.
II any be due on the transferred stock, and all
certificates OF stock shall be signed by the
President and Secretary of this corporation
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
latter may provide by its bylaws, and said
as may be warranted by the results of the bus
mess OF the corporation. or shall do with the
said earnings as they may deem best for the
| general interest.
ARTICLE TX.
This act of incorporation may be changed,
modified OF altered, or its capital stock increas.
| ed OF decreased with the assent OF two thirds
In amount OF the issued capital stock of said
corporation at any general meeting OF its stock.
holders convened for that purpose after thirty
| corporation may he dissolved upon the assent
OF three fourths OF the issued capital stock