The Opelousas courier., 1894-07-21
CHARTER
up THE-
ST. LANDRY COITON OIL co,
STATE OF LOUISIANA,
PARISH OF 1T IANnpy (tJTy nE nDEIn " a

PARISH OF ST. LANDRY. CITY OF OrELoUsAs.
Be it known that on this 10th day of July, il
the year of Our Lord One Thousand, Eigh
Hundred and Ninety-Four, before me, Oscar Fl
Ierwilliger, a Notary Public in and for the paI
lsh or st. Landry, State of Louisiana, duly com
mlssloned and qualified, and in the presence o
witnesses hereinafter named and undersigned
personally came and appeared the person
whose names are hereuntO subscribed, VIII
severally declared that, availing themselves o
the provisions Of the laws of the State of Lou
islana on the subject OF the formation of cOrpO
ratl0ns, they have contracted and agreed, anG
by these presents do contract and agree ant
Dlnd themselves and their associates and sue
cessors to form, and by these presents they dc
form a corporation for the objects and pur
poses, and under the terms, stipulatiOns anC
limitations hereinafter set forth. to w.t.. that il
to say
Ths en- name and title St this corporatIon shall
and by that name said corporation shall have
sion for the full term and period Of 80 NINETY
n1ne) 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
pro~perty-real personal and mixed; to issue
ponds bearing interest at a rate not exceeding
7 (seven) per cent per annum and not exceed
ing $25, 00o.o 90 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-
lish such bylaws, rules and regulations for the
affairs of said corporation as may be necessary
ana 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
an citations or other legal processes shall be
served upon the President of said corporation,
ana In case OF his absence upon the Secretary
thereof.
ARTICLE III.
IT, 11foox. -
porat1on 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
the same to operate, works for the manufac-
ture OF Oil, oll-cake, meal, fertilizers, soaps and
any and all articles or commodities Of trade
mat can o, 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
said. NC 0'e"'o requisite LOT the purpose afore-
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
do whatever else may be necessary or peril
nent or IN any wise incident to the aforesaid
OBJECTS and purposes.
ARTICLE ".
The authorized capital stock of said corpora-
ton ls hereby fixed at the sum of One Hundred
Thousand Dollars $l0O .OOW divided INTO 1000
shares at par value of 500 each, which said
stock shall be paid for at the rate of ten per
centum 90 per cent? at the time of the sub
scription, and the balance at such time as the
Board OF Directors shall determine to call for
9QmQ GnRh Gallo m h. MT ro0~a <h1,n n-.--A-
nVe per cent. (25 per cent? Of its par value at
one time, nor shall such calls be made oftener
than once in thirty 800 days. Said stock may
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 (S2O. OOM
for. 0A ~
ARTICLE v.
All the corporate powers of said corporation
to be composed OF seven % stock
holders OF whom at least a majority must re-
SIDE in the parish of st: Landry; which board
saail pe eiected annually on the second Mon
Jay OF July IN each and every year beginning
in the year 1896.
All such elections shall be by ballot and held
at the office of said corporation under the
superintendence of two (2) commissioners ap,
for that purpose by the Board of Di-
.rectors, of which election ten 90 dayskprior
n nev'se seal pu b ggiyein N BY by p c't1 "a il any
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-
the greatest number of votes at the
shall be the directors.
Inc 1allure 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
1907 days, whereof ten (1O days prior notice
saan be given in the newspaper published as
their successors are elected and qualified.
Vacancies occurring in the Board of Direc-
tors during the year shall be filled by the re-
and four AZ directors shall constitute a quorum
for the TRANSACTION of ordinary business.
At the first meeting following the annual
the Board Of Directors shall elect one
their number to be the President and anoth-
Or to be Vice-President and shall also elect a
and shall or may appoint from time
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 estah-
!sn, as well as change, alter and amend from
Time TO time as they may see proper, any and
al bylaws, rules and regulations not inconsist-
snt with this Charter, and which they may
deem requisite for the business aud manage
ment OF the affairs of said corporation. They
snail nave power and authority to contract
1eDts, borrow moneys, issue notes and mort
gage bonds, execute mortgages to secure the
same, and to pledge said notes and mortgage
ponds and generally do all that is pertinent or
to the objects and purposes of this
organization; provided, however, that no debts
'hal! be contracted, moneys borrowed, notes or
issued or pledged, except for the
purpose OF buying seed and to pay the running
OF the corporation; and this only after
he stockholders shall have specially authorized
hem by a twO-thirds vote.
ARTICLE vi.
All checks, drafts, notes, bonds, bills or apy
timer obligations Of this corporation issued in
to this charter shall be signed by the
resident and countersigned by the Secretary.
and all officers of this corporation who shall
'e entrusted with any funds belonging to this
shall furnish bonds IN such amounts
Is may be determined upon by the Board of
and to be secured to their s~atisfac-
ion.
ARTICLE VII.
Transfers of stock shall be made on the
looks OF the corporation upon the surrender
i the stock certificates in the presence of the
who shall attest ali transfers and
ssue new certificates of stock In lieu of the
Iransferees shall assume all unpaid balances
any be due on the transferred stock, and all
srtificates Of stock shall be signed by the
nd authenticated by its Seal.
ARTICLE VIII.
tatement of the affairs of the corporation to
he Board of Directors at such time as the
after may provide by its bylaws, and said
'oard OF Directors shall declare such dividends
ness Of the corporation, or shall do with the
earnings rs they may deem best for the
eneral interest.
ARTICLE TX.
This act of incorporation may be changed,
lodiffed or altered, or it's capital stock increas-
d or decreased with the assent OF two thirds
q amount OF the issued capital stock Of said
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