The Louisiana populist., 1894-11-30
CHARTER.
STATE OF LOUISIANA,
PARISH OF NATCHITOCHEs.

BE il known and remembered. that on
this the 26th day of September. 1894.
before me Charles II. Levy. Notary
, Public in and for the parish of Natchi,
/ tOches. duly commissioned and qualified,
/ personally came and appeared the un-
dersigned persons who in presence oi
| the attending witnesses declared that
availing themselves of the provisions of
/ Act No. 3G of the Legislature of this
State. approved June 29th. 1893 and
those of the general laws of this State
! relative to the organization of corpora
tions. they have formed and organized
themselves and those they represent into
"A corporation for the objects and pur-
: poses herein set forth, which they ac-
cept rs their charter
ARTICLE |.
The name and style of this corpora
/ ton shall he the NATCHITOCHES
PUBLISHING COMPANY. LIMITED. J
and by that name it shall have power
and authority TO exist and enjoy sue
cessiOn for the period of nincty-nine
years, commencing at this day and date.
ARTICLE IL.
The domicile of this corporation shall
be the city of Natchitoches. in the par
ish OF Natchitoches, State of Louisiana.
where all legal process shall be served
upon the president of this corporation.
or i'm his absence, the secretary or bust
ness manager.
ARTICLE III.
The purposes of this corporation is
to do general job printing. publish a
newspaper. and to doa general publish
ing business.
ARTICLE ".
This corporation shall have power and
privileges. to-wit II shall be capable i'm
law To purchase and receive. hold and
enjoy lands, houses, and property of any
kind whatever. 1t shall have the right
to sell said property; sue and be sued,
plead and be implicated; contract and
be contracted with: to borrow money,
and for that purpose to mortgage and
hypothecate real estate. and to eStab-
lish by laws for the government of this
corporation.
ARTICLE V.
The capital stock of this corporation
is hereby fixed at Five Thousand Dol
lars, divided into Two. Hundred shares
of Twenty-Five dollars each, with liber-
ty to commence business when the sub
scribed stock reaches the sum of Five
Hundred Dollars. No stakeholder shall
he held liable or responsible for any of
the contracts of this corporation, in any
further sum than the unpaid balance due
to the corporation on the shares of stock
held by him.
ARTICLE VI.
No one person shall hold more than
twenty shares of stock, and each share
shall be entitled to one vote.
ARTICLE VII.
At least fifty per cent of all subscrib-
ed stock shall be paid in cash and the
balance to be secured by personal note
of the share hol Ter. payable twelve
months after date, unless the necessi-
ties of this corportion should require
earlier payment. and in no case can
stakeholder be called upon to pay in
more than twenty-five per cent of his
original stock at any one time. and on
ly then after twenty days notice. given
in some paper published in Natchito-
ches parish, Louisiana.
ARTICLE VIII.
All corporate powers OF this corpora |
ton shall be vested in and exercised by |
a Board of five Directors, three of whom |
shall constitute quorum for the trans !
action of business Saml. j. Henry. Ma |
rion T. Machen, William H. Areaux.
H. Latham and Hardy L. Brian, |
shall constitute the first board of direc- |
tors, who shall hold their offices until |
the 26th day of September, 1895, and |
until their successors IN office are duly |
elected. The board of directors shall |
be elected on the Goth day of September
in each year, by the stockholders who
may vote either in person or by proxy
said roard to be chosen from among tn
and to hold their office |
until their success rs are duly elected
by majority of the votes cast: a va
raIcy from any cause shall he filled by
he remaining directors from among
he stockholders. The card of direct
Drs shall meet cn the day of their elec-
ion. or as soon thereafter as practical,
and elect of their number president
md secretary, and employ from among
he stockholders an editor and general
usiness manager Of the publishing bus
hess. and such other employees as may
De necessary, and fiS their remunera-
.ioh: they shall have power t. alter or
lnend all bylaws. rules and regula-
IONS requisite for the management of
he business of the corporation.
ARTICLE TX.
All profits of this corporation shall be
'pplfed first to the payment of opera
ing expenses, the remaining profits to
)e declared dividend to the stock
iolUers
ARTICLE X.
This act OF incorporation may be
hanged or amended. or such corpora
ion may be dissolved with the consent
,f three-fourths of the stockholders
present at any general meeting of the
stockholders convened for such purpose
'fter thirty days notice i'm any paper
published in Natchitoches parish.
ARTICLE XI.
Whenever this corporation may be
dissolved either by limitation of its
harter or otherwise its affairs shall be