The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1896-08-01
No. 1881.
CHARTER
Of the Peoples Cotton Oil CoLtd.
of Lafayette. La
United STATES OF AMEflCA
STATE OF LOUISIANA, PARISH OF
LAFAYETTE.

Re It known that on this twentie'h
1. of rho month of June "Anno Ooma-
~, One Thousand Eight Hundred and
Ninety Six and of the Independence OF
The United States of America the One
hundred and twentieth, before me Ed
G. Voorhies, Clerk Of Court ana eA.
offic;o Notary Public, in and for saio
,ar;sh and State, as such duly commis-
stoned and qualified, and in the presence
of The witnesses hereinafter named ana
unders,rned Personally came and ap-
peared the several persons whose names
are hereunto subscribed who declared
That avaiIing themselves of the provisions
of tho law of this State relative to the
formation of Corporations they do by
these presents, covenant and agree anu
hind themselves and those whom they re-
nresent and those who may hereafter be-
come associated with them. to form anc
constitute a corporation and body polilic
in law for the purpose anc under the
agreements and stipula,ions following.
ARTICLE I. The name and little OF
this corporation shall be Peoples Cotton
Oil Company Limited. Its domicile ana
place for doing business shall be IN the
parish of Lafayette State of Louisiana
and it's capital stock shall be FIFTY
| Thousand Dollars divided into i've hum
dred shares of One hundred dollars each:
The appearers being shareholders and
their places of residence, and the num-
ber of shares held by each Of them res
peetively, being SET opposite their names
which said shares are to be paid Tor IN
instal,men,s of not more than twenty pei
cent every sixty days beginning with ,h'
first payment on the first day Of Angus
Eighteen hundred and ninety six, ,subjec
to The call of the Board of Directors.
ARTICLE II. Said corporation shal
commence its existence from the date Q
these presents and shall continue for
period of Ninety nine years and by Il
corrorate name may sue and be sue
plead and be implicated appear answ'
and prosecute in any and all courts
Justice here and elsewhere. The pres
dent of this corporation shall be the O
ficer on whom citation may be serve
and in his absence on the vice presiden
ARTICLE III. This corporation IS
ganized for the purpose of erecting al
operating a Cotton Oil Mil! for the ma
|, nfactrre of Oil, and all other prOdu6
, from cotton seed, and conducting al
operating all businesses incidental thel
10. Said corporation shall also ha
rower to acquire, hold, receive, purcha
and convey by and under their corpora
name real and personal property, 81
corporation shall have power through
board of Directors to pledge mortgage
. hyrothecate its real and personal prop'
~ for the purposes of its business.
ARTICLE ". Said corporation sh
be managed by board of Nine Directt
who shall be citizens of this State a
actual stockholders of said corporal;
r to be elected by ballot on first Tuesd
of June of each year and said board sh
hold Office for one year or until their 81
cessors are duly elected and qualifi
All elections shall. be conducted unt
III the supervision of three stockholders
be appointed by the board of direct
for that purpose and ir case Of any
of said commissioners of elections decl
ing or failing 10 act, the president sll
appoint another to fill his place. ]
IA nine persons receiving the highest nj
- Der of votes shall be declared elected.
case Of a tie between anytwo or IN
among the number exceeding nine rect
wing the highest number of votes. Il
s. the tic shall be determined by cast
lots. The said board of directors 81
elect from their number president
or vice president who shall serve with
lsalary and from the other stockholdel
secretary who shall be book keeper
treasurer and general manager VIII
salaries shall be fixed by the board Of
reclors. The loard of directors q
- have power to fill vacancies occurring
the board.
ARTICLE v. The said board Of
fist rectors shall make and ordain such
'.ea leu laws for the proper management of
nifty corporation, as may be necessary
a. anu ~ proper in conformity with law and
The bylaws to alter amend or repeal at pl
..s; aai ure. They may adopt for the use of
are corporation seal Of such device as
y. may deem nt and appropriate.
3 of ARTICLE The names of
-