The Opelousas courier., 1894-07-28
HARTE
--OF TILT
ST. LANDRY COTTON OIL co.
OF LOUISIANA

PARISH OF ST, LANDRY. CITY OF OrELoUsAs. s
Be it known that on this 10th day of July, i'll
the year of Our Lord One Thousand, Eight
Hundred and Ninety-Four. before me. Oscar Ii.
Terwilliger, q 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, availing themselves of
the provisions of the laws 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
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 COTTON OIL COMPANY
and by that name said corporation shall have
power and authority to exist and enjoy success
sion for the full term tpd period Of 80 (ninety-
nine) 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 well as to mortgage and hypothecate
property-real, personal and mixed; to issue
bonds bearing interest at q rate not exceeding
tseyen) per cent per ennum and not exceed
ing $50, 100000 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 tho
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
served upon the President of said corporation,
and in case of his absence upon the Secretary
thereof.
ARTICLE III,
Nh oI;,.+- ,J -.-.. Ali $50
p%oration is established and the nature of the
business to be carried on by it are hereby de-
clared to be as follows, to-w1t: To acquire by
purchase or lease, or to build and equip, and
ture of oil, Oil-ceke, meal, fertilizers, soaps and
any and all articles or commodities of trade
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
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 is hereby fixed at the sum of One Hundred
Thousand Dollars S100, 0O0) divided INTO 1000
shares at par value of 500 each, which said
stock shall be paid for at the rate of ten per
centum 10 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
Ganp prJnh naul f0 ha mt mona fhon Turanfp
five per cent. (5 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
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 business as soon
as the sum Of twenty thousand dollars $50, OOO)
of its capital stock shall have been subscribed
Tor.
ARTICLE V.
All the corporate powers Of said corporation
Directors te be composed Of seven () stock
holders Of whom at least q 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
superintendence of two Q) commissioners ap,
pointed for that purpose by the Board of DI-
%rectors, OF which election ten 40 daysfprior
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
ceiving 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
500 days, whereof ten QO days prior notice
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 filed by the re-
naming directors from among the stockholders.
and four a. directors shall constitute a quorum
for the transaction Of ordinary business.
o,a AT the FL, hr SIN. meeting ct following the annual
of their numbTg to be the President and anoth-
er to be Vice-rfesident 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 and estab-
iish, as well as change, alter and amend from
time to time as they may see proper, any and
emit with this Charter, and which they may
deem requisite for the business and manage
ment OF the affairs OF said corporation. They
shall 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
III Ii SSuCluLly " ali tudG lS pertinent OF
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 iii
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
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.
Transferees shall assume all unpaid balances
Z ~-- 1~ I.~- 49, "a