The Louisiana populist. [volume] (Natchitoches, Natchitoches Parish, La.) 1894-1898, 1895-01-11
CHARTER.
STATE OF LOUISIANA,
PARISH OF NATCHIToCHEs.

4
toches, duly commissioned and qualified,
personally came and appeared the I'M
dersigned persons who in presence OF
he attending witnesses declared that
awaiting themselves Of the provisions OF
Act No. 80 Of the Legislature Of this
State, approved june Goth, 1888, 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
q corporation for the objects and pur-
poses herein set forth, which they ac-
| cept as their charter
ARTICLEuI.
The name and style of this corpora
ton shall be the NATCHITOCHES
PUBLISHING COMPANY, LIMITED,
and by that name it shall have power
and authority to exist and enjoy sue
cession for the period of ninety 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 in 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 do general publish
ing business.
ARTICLE w.
This corporation shall have power and
wi 20, MI IL sh no L. -
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
be 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 holder, payable twelve
months after date, unless the necessi-
ties of this corportion should require
earlier payment, and in no case can q
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 |
i. q. ",
ron +. Machen, William H. Areaux, |
William II. Latham and Hardy L. Brian, |
shall constitute the first board Of direc-
5ors, who shall hold their offices until
he Goth day of September, 1895, and
until their successors in office are duly
elected The board of directors shall
be elected on the 26th day of September
n each year, by the stockholders who
nay vote either in person or by proxy;
laid board to be chosen from among the
and to hold their Office
Until their successors are duly elected
~ q majority of the votes cast va
.ancy from any cause sshall be'filled by
he remaining directors from among
he stockholders. The board NJ direct
RS shall meet on the day of I'll cir cleo
ion, or as soon thereafter as practical,
md elect of their number president
md secretary, and employ from among
he stockholders an editor and general
business manager of the publishing bus
ness, and such other employees as may
,e necessary, and fix their renunera-
ion; they shall have power to alter or
mend 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
pplied first to the payment of opera
ing expenses, the remaining profits to
e declared a dividend to the stock
olders.
ARTICLE X.
This act OF incorporation may be
hanged or amended, or such corpora
ion may be dissolved with the consent
4 three-fourths of the stockholders
resent at any general meeting of the
convened for such purpose
fter thirty days notice in any paper
published in Natchitoches parish.
ARTICLE XII.
Whenever this corporation may be
dissolved either by limitation OF its
harter or otherwise its affairs shall be
iQuidated by the three existing board of
directors.
Thus done and signed by the parties
ereto, together with me, said Notary.