The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1896-05-30
CHARTER.
STATE OF LOUISIANA. PARISH OF
EAST CARROLL.

Be it known that on this Zotn gay Oh 4"h!
A. d. 1896, before me. w: d. montgomery
= Notary Public for parish and State afore-
said. came and appeared the several per-
sons whose names are hereto subscribed,
who in the presence of the undersigned
witnesses, severally declared that avaihng
themselves OF the law relative TO CotPoI-
ations, they do hereby contract, 1ihu,
agree. and obiigate themselves. as wei as
s9ch other persons as may hereafter De-
come associated with them, to form and con-
stitute a body politic in law Tor the ooJects
and purposes and under the agreements
and stipulations hereinafter set out, to-"lt'
ARTICLE 1.
The name and title OF corporation
shall be THE PEOPLES COTTON GIN Com,
pANY, LIMITED; under when name anu
title the said Corporation shall nave power
| to exist for fifty years, to sue and De sueu,
| ~ MAZE and use corporate seal, and TO
| break or change same at pleasure. same 10
| no desionated by the Board OF Directors i,
| 70 purchase. lease own, sell, mortgage anu
| pledge real estate and personal properly
| To anpoint such managers and agents as tue
business of the Corporation may oelianu'
and generally to do all such acts anu
rh,nos necessary and convenient for car
wing ont the objects OF this Corporation
as hereinafter stated.
ARTICLE III.
The domIcile o: this Corporation shall De
in the town of Providence. East Carroil
parish, Louisiana. and all citations OF 0tn u
tegal processes shall be served on the Presi'
dent. and IN his absence. on the Secretary
/ ARTICLE LII.
The nnrpose for which this Corporatior
10 Established and the business to be car
rled on by it is operating PUBLIC CoIIoN
GIN AND GRIsT MILL in the parish aioIe
said and the lease or purchase OF the iahe
: necessary for same and the purchase ana
CONSTRUCTION of all necessary buildings ahe
machinery for same and the constructor
, for lease of such buildings near the gin SITE
/, as can be leased to advantage, toge.ne!
with the general power to DO all mug
necessary and convenient in eonducunE
said business.
ARTICLEIv.
The capital stock of this Corporation
q hereby fixed at Zen Lhousahu D od =,
1sio o6oA divided into and represented D.
Two Hundred Shares OF Fifty Dollars each
Tho number of shares 80 be subscribed 10
orcanizatiou shall be thirty (3O), ana
I soon as that number shall have been sur
Y scrlbed and paid in full, the Company shal
4 organize and commence business. NJ I th
same shall have been fully paid Tor In cas-
o or property. The stock shall be evidence
nv snch certificates issued and slgne
nv such officers as the Board OF "
rectors may designate and snail pc tran'
IL ferrable only on the books OF the Gonpan,
p No transfer of stock shall De vaiiu VI p hao
, ing unless and until same shall nave pee
!. made and entered on its books. NO shar'
q holder. his heirs. representatives,
assigns, shall sell or dispose OF STOCK nel
by him in this Corporation until the san
shall have been rendered to the remaiui'l
stockholders in writing through sne omo'
Ie designated by the BYLAWS OF SAID Corpo
a alton to receive such tender, who are
have an option on said stock at the marks
10 nrice for a period of fifteen days. IL
bylaws shall be adopted by the Board
directors at their first meeting after Tn
Do said Corporation shall nave oeeh oisa
e. lied. v
- The corporate powers of this Compai
IL shall he vested in Board OF directors
be comnosed of three stockholders. II
rstlRoard of Directors shall be CHOSEN
I'd hereafter provided. on the Ind MONDAY
ha Nav. 1897. Prior to that time the boaru
~ directors shall be composed as hereihait
Gu stated. On the second Monoay OF N,
ny nj each year a general meeting Oh =
stockhoIders of said Corporation shall
held and thereat shall be elected three L
/, reetors for the ensuing year, alter mite
AL DAYS written notice served on each OF
on share holders by the secretary OF tnis -
he poration At all elections majority "a
| votes CAST euhll cicSt. hhS
shall be entitled to cast either In person
by proxy one vote tor each share OIL $40
hg held by him, but not to vote % any shs
NY. of stock transferred to him within tWei
,ss DAYS prlor to an election. All Directo
both those appointed in this charter .
those hereinafter elected, shall hoid on
until their successors are elected ana
ducted into Office. In case OF failure
iu- elect officers on the day hereinapoVe nA
in or ON such day as said annual meeting 3, ~
have been regularly adjourned to, TINS =
noratiop shall not be thereby oiss"N
rel Int the three Directors shall con- iaue
office and new election shall DE heic 70
ne preceeded by fifteen days notice as ao'
nls provided.
Article vi.
Until the first election to be beiu IN
cen this charter as hereinaboye PROVIDED
lid following PANIED persons shall serve
Directors, to-wit:
Jos. E. Rasdeli as President.
l las 8. Mlliikin as Vice President
nCe Nd. I. Hamiey as Secretary aud Treasu
We Said Directors shall serve and u
ard office until their successors shall nave =
elected and qualified at the hrst am
meeting of the share holders as apoVe
Gu yided. In case of D vacancy lroh1 az
has resignation or otherwise, the ssid Boar
aca- directors shall elect 8 successor.
lool ARTICLE VII
nal The Board of Directors shall, at their