The Louisiana populist. [volume] (Natchitoches, Natchitoches Parish, La.) 1894-1898, 1895-01-18
CHARTER.
STATE OF LOUISIANA. !
PARISH OF NATCHITOCHES.


toches. duly commissioned and qualified.
personally came and appeared the UNI
dersigned persons who in presence oil
he attending witnesses declared that
availing themselves Of the provisions OF
Act No. 30 Of the Legislature OF this
State, approved June Goth. 1858, and
those of the general laws OF this State |
relative TO the organization oil corpora
tions. they have formed and organized |
themselves and those they represent into |
n corporation for the objects and pur-
noses herein set forth, which they ac-
cept as their charter.
ARTICLE !.
The name and style OF this corpora
tion shall he 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
wears. commencing at this day and date.
ARTICLE II.
The domicile of this corporation shall
he the city of Natchitoches, in the par
ish of Natchitoehes, 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 ".
This corporation shall have power and
privileges. to-wit 1t shall be capable in
, law 70 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"b impleaded; 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 "
The capital stock of this corporation
= is hereby fixed at Five Thousand Dol
r lars. divided into Two Hundred shares
l of TWENTY-FIVE dollars each. with liber
D tv to commence business when the sub
scribed stock reaches the sum of Five
u Hundred Dollars. No stakeholder shall
5 be held liable or responsible for any OF
the contracts of this corporation, in any
; further sum than the unpaid balance due
Z 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 10y personal mote
of the share holder, payable twelv,
: months after date, unless the necessi
ties of this corportion should require
y earlier payment. and in no case can s
stakeholder be called upon to pay il
more than twenty-five per cent OF his
original stock at any one time, and on
!, ly then after twenty days notice, giyer
!. in some paper published in Natchito
: ches parish, Louisiana
: ARTICLE VIII.
All corporate powers OF this corpora
G ton shall be vested in and exercised by
a Board of five Directors, three OF whom
: shall constitute quorum for the trans
g action of business. Sanl'l. j. Henry, Ma
rion +. Machen, William III. Areaux
! hllil3lD IL. ldliletlt tllltt Diitth
: shall constitute the first board OF direc
tors. who shall hold their offices unit
D the Goth day of September. 1895, and
1 until their successors in Office are duly
elected. The board of directors shall
u be elected on the Goth day of September
n i'm each year, by the stockholders who
NAV vote either in person. or by proxy
: said board to be chosen from among the
6 stockholders, and to hold their Office
until their successors are duly elected
0 by a majority of the votes cast va
n cancy from any cause shall he filled 10y
the remaining directors from among
d the stockholders The board of direct
ors shall meet on the Gay of their cleo
ton. or as soon thereafter as practical
! and elect of their number a presiden
o and secretary, and employ from among
!, the stockholders an editor and genera
II business manager of the publishing bus
4 mess. and such other employees as ma,
be necessary. and fix their remunera
Il ton: they shall have power to alter o.
! amend all bylaws, rules and regula
!. tons requisite for the management o
L the business of the corporation.
e ARTICLE TX.
D All profits of this corporation shall b.
: applied first to the payment of opera
ting expenses, the remaining profits t
he declared dividend to the stock
a holders.
ARTICLE X.
This act OF incorporation may b
u changed or amended, or such corpora
q ton may be dissolved with the consen
of three-fourths of the stakeholder
+ present at any general meeting of tn
is stockholders convened for such purpos
after thirty days notice in any pape
D. published in Natchitoches parish.
'e ARTICLE XI.
Whenever this corporation may b
dissolved either by limitation of il
- charter or otherwise its affairs shall b
t. liquidated by the three existing board c
directors.
d Thus done and signed by the partie
i'll hereto, together with me, said Notar,
al. - xxv,t.