The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1896-07-11
CHARTER.
STATE OF LOUISIANA. PAKisH of
EAST CARROLL.

BE IL G Sno Wafore me. W. II. Montgomery,
!, Notary public for parish and state aiol
Ia came and appeared the seVeral pei
,ons whose names are hereto supso n;od
who in the presence OF the ,,a?7iiro |
'',;.,esses. seyerally declared that avainng
', .a,,,Salves Of the law relative to CorpoI
stions they do hereby CONTRACT. 1,nu,
aoree and obIigate themselves, as wen DC
sSch other persons as may nereaisoa 80
come associated with them to ioriI anu li; oo
st;tute a body polite in law LOT tlie
nd nurposes and under the agreements
and stipulations hereinafter SCI ou''
ARTICLE l.
The name and title OF TINS COT @ ro,i.
shaii he THE PEOPLES COTTON yin ooa,
niNv IInfITED: under which name anu
t;tIe the said Corporation shall nave poMei
20 exist for fifty years, to sue anu NC s1oe
To make and use a corporate SCAT az" ~
break or change same at pleasure: aa
he designated by the Boara Oh Daoe nd
to purchase, lease own, sen, ,nJi Sranerty
nIedoe real estate and personal p.ope,tb
r. annoint such managers and agents as .nI
husiness of the Corporation may oeuanu;
"a Generally to do all sueh acts anu
things necessary and conVenieHne lor
wing out the objects of this Corpoia'ioA
as hereinafter stated.
ARTICLE ii.
The dom,clle o. tins Corporation sna.n u vi
in the town of Providence, East Oa. .t'nr
rarish Louisiana, and all citations OF OtheI
,r~ocesses shall be served on the Presl-
dent. and IN his absence, on the Secresary'
ARTICLE III.
ri. ,,,,,ose for which this Corporation
g astahlished and the business 10 oe cai-
rod ON bv it is operating PUBLIC cot .l.,o
80 I'M cRIsT MILL in the parish aiore,
said !. and the lease or purchase OF tne ian .S
necessary for same and the purGnase anu .a
| Construction OF all necessary puiluinSs anu
,saah;nerv for same and the constructors
fa. Iaase Of such buildings near the gin sue
| 80 con he leased TO advantage; tVSe.nei
~;.b the general power to do all thins
,'acassarv and convenient in conducting
said business.
ARTICLE Nv.
The eapital stock OF this Corporattom Is
borehv fixed at Ten ThOusaho Do,ai
8 1Sio 00Ol divided into and representeu ~ ~
Two Hundred Shares OF Flity poil ti.d 49, 10,
Tbe number of shares to be subscriber 10,
nanization shall be thirty (30), ana a.
oa6n as that number shall have Deen guy
r,had and maid in full, the Company snal
o.,ranize and commence business. NO cei
tifcate of stock shall be issued uhtli VI
same shall have been fully paio lor ; ~ oas
or property. The stock sna,, o and signe,
- snch officers as the Boaru oi W
ro5otors NAV designate and shall De trans
Z s.rohie only on the books OF the Colhpan.
NJ, transfer of stock shall be Vailu OF pin.
ing unless and until same shall nave peu
l. made and entered on It's DOOM, :
l. hnldar his heirs. representatives, :
!, assions. shalt sell or dispose OF stocA n1,
a." I'M in this Corporation until the san'
"a, have been rendered to the remai ai ~
a stockholders in writing through tne omo'
" des;onated by the BYLAWS Oh saIu ~o ra
ia alton to receive such ten1ei, tte mark
a;no for a perjod of fifteen Gays.
Pr'Isws shall be adopted by the boaru
ma E;raotors nj their first meeting AFTER III
IN Ia Cornoration shall have been orga
ve lied.
The corporate powers OF TINS Ooinpa'
re shall he vested in a Board Oh Diieo.oiS r.,
10. be composed OF three Ssi, ba chosen
70 first Board of Directors snail De GnoSer
he or proylded on the md M0noay
pr NJ 1907 Prior to that time the boara
m;..a.tors shall be composed as hereihai9
,rs stated On the second Monoay VI ~ :
ed Of each year general meeting s u
- stockholders of SAID Corpo thraa !
Al beId and thereat shall be eiecteu wi sc. :
l.. reetors for the ensuing year, after ntse :
S.,s 1rritten notice served on each OF
share holders by the secretary Oh tnie .
ay- noration. At all elections naJolIss III =,
es- votes cast shall elect ana each shai
-, shall be entitled TO cast oisu - &c etl
au- bv nroxy one vote for each snare oi ~
or bal6 nv him. but not to vote Oh any gu
If stock transferred to him WITHIN we
80 ,,T,or to an election. All Directt
has botb those appointed in TINS enaItei !
BILE those hereinafter elected, snaii noiu u
ar. until their successors are electea anu
49, Jncted into office. In case OF ialiu, =,
tue elect officers on the day hereinaoo.ve II y
or ON such day as said annual mee..ns =
have been regularly adjourned 10, I'M, tsiis
p narstion shall not be thereby oissoi'
ace Put The three Directors shall cohtihus
tho ,ti;ce1 and a new election shall be neiu :
for proceeded by fifteen days notiee 40 az
owl pio'i .pTIct.E vi.
Until the first election to be heid VI
aud this charter as herelnaDove pi X aarS
r, followlug PANIED persons shai ser
Ian Directors. to-wit:
on los n Rasdell as President.
the las. 8. MIilikin IS Vice Presldens
Ed i Hamley as Secretary and 1 feast
neu Saia directors shall serve anu
ot,;ce unt1l their successors shaii nave
rensl elected and qualified at tne has sv az
-. meeting of the share holders Us avo' =
rous vided. In case of vacancy IRON .l d ~ "
aud restoration or otherwise, the ssiu Doa
ouId directors shall elect successor.
but Aklieht
Tho noard OF Directors shall, at theil