The Louisiana populist. [volume] (Natchitoches, Natchitoches Parish, La.) 1894-1898, 1895-01-25
CHARTER.
STATE OF LOUISIANA,
PARISH OF NATCHITOCHEs.

before me Charles ii. Levy, n 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 OF
the attending witnesses declared that
awaiting themselves of the provisions of
Act No. 30 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
tons, they have formed and organized
themselves and those they represent into
corporation for the objects and pur-
poses herein set FORTH which they &C
cept as their charter.
ARTICLE !.
| 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 Ii.
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
privileges, to-wit: 1t shall be capable in
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
Ihypothecate 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 a
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
Board of five Directors, three Of whom
shall constitute quorum for the trans
action of business. Sam'l. j. Henry, Ma
rion T. Machen, William H. Areaux,
William II. Latham and Hardy L. Brian,
shall constitute the first board of direc-
tors. who shall hold their offices until
the 2Gth 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
NAV vote either in person or by proxy ;
said board to be chosen from among the
stockholders, and to hold their Office
until their successors are duly elected
by majority of the votes cast va
cancy from any cause shall be filled by
the remaining directors from among
the stockholders The board OF direct
ors shall meet on the day of their cleo
ton, or as soon thereafter as practical,
and elect of their number a president
and secretary, and employ from among
the stockholders an editor and general
business manager of the publishing bus
mess. and such other employees as may
be necessary. and fix their remunera-
ton; they shall have power to alter or
amend all bylaws, rules and regula-
tons requisite for the management Of
the business of the corporation.
ARTICLE TX.
All profits of this corporation shall be
applied first to the payment OF opera
ting expenses, the remaining profits to
be declared a dividend to the stock
holders.
ARTICLE X.
This act OF incorporation may be
changed or amended, or such corpora
ton may be dissolved with the consent
of three-fourths of the stockholders
present at any general meeting of the
stockholders convened for such purpose
after thirty days notice in any paper
published in Natchitoches parish.
| ARTICLE XI.
| Whenever this corporation may be
dissolved either by limitation OF its
charter or otherwise its affairs shall be
liquidated by the three existing board Of
directors