The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1896-06-13
CHARTER.
STATE OF LOUISIANA, PARISH OF
EAST CARROLL.

A n. 1906. before me. w. II. Montgomery,
a Notary Public for parish and state aiore-
said. came and appeared the seVera pei
sons whose names are Rereao supS.i
who in the presence OF the unoerslgneu
witnesses. severally declared that aValiing
themselves of the law. relative to CofpoI-
atoms. they do hereby contract, pind,
agree. and obiigate themselves, as wen as
siich other persons as may nereaitei PC
come associated with them, to form anu con-
st;tnte q hody politic in law tor the objects
and uurposes and under the agreements
and stipulations hereinafter set OUT to-"i''
ARTICLE 1.
The name and title OF this corporation
shaII he THE PEOPLES COTTON GIN Com,
PANY. LIMITED; under which name anu
title the said Corporation shall have power
to exist for fifty years, to sue ana De saeu,
! to make and use a corporate seal, anu W
break or change same at pleasure. same W
be designated by the board OIL pr.oo'o an3
/ to purchase, lease own, sell, mortgage anu
nledge real estate and personal properly
| 10 annoint such managers and agents as Tue
| business of the Corporation may demanu'
and generally to do all such acts auu
things necessary and convenient Ior Gar
rying out the obJects OF tnis Noipoi"''''
| as hereinafter stated.
| ARTICLE III.
The domiclle OF this Corporation snail DC
in the town of Providence, East Cat .nn,
narish. Louisiana, and all citations or Othei
legal processes shall be served on the frest
dent. and In his absence, on the secretary
ARTICLE Ill.
Tho nurnose for which this Corporation
;s established and the business TO De car
red on by it is operating PUBLIC CoIIoc
. GIN AND GRIST MILL in the parish aiore
said and the lease or purchase OF the iant
ecessary for same; and the purchase ane
construction OF all necessary bulioings am
machinery for same and the constructor
for lease OF such buildings near the gin SIT
as can be leased TO advantage; togetne
, with the general power to do all thlng
! necessary and convenient in conductin
said business.
+. ARTICLE Nv.
/. Tho canital stock of this Corporation
berehy fixed at Ten Thousand Dollar
= 1SlO. O0O) divided into and Represented y
Two Hundred Shares OF Fifty DoiiaIs sacl
The number of shares to be subscribed 10
orcanization shall be thirty (30), ana 2
eoon as that number shall have been SUI
u scuhed and paid in full, the Company sna
q organize and commence business. NO &c
t;fcate of stock shall be issued until tn
k same shall have been fully PAID ior In car
4 or property. The stock shall De eSiaemoe e
u nv s,ich certificates issued ana signe
Is Nv such officers as the Board OF u
rsctors NAV designate and shall pc iran
4. ferrohIe only on the books of the Compan
No transfer of stock shall be valid OF pin
;nr unless and until same shall have pee
e made and entered on its books. NO shal
10 holder. his heirs, representatives.,
10 assigns. shall sell or dispose OF stock ne
at nv him in this Corporation until the san
:. sb oil have been rendered to the remalnii
IL stockholders in writing through the ONO
err designated by the BYLAWS OF salu Oorpe
alton to receive such tender, VINO are
have an option on said 10 st fsasen a. . days II
bv.Iaws shall be adopted by the BOARD
IT. Directors at their first meeting aIter u
;s said (,orpor. ton shall have been orga
lied.
ARTICLE w.
The corporate powers OF THIS Compa
;. shall he vested in Board OF Directors 3,
TIC be composed of three stockholders.
II first Board of Directors shall pc CHOSEN
tereafter provided, on the End M0noay
th Nav 1897. Prior to that time the Board
directors shall be composed as herelnai
er stated ON the second Monday OF
ay nj each wear a general meeting OF y
:. stockholders of said Corporation shaii
lu- held and thereat shall be elected three
SEES rectors for the ensuing year, alset h nv nf
DAYS written notice served on eacn Oh
ira share holders by the secretary OF THIS =
on noratiou At all elections majority Oh
votes cast shall elect, and each snare noi
is shall he entitled to cast either in person
NV nroxy one vote for each share OF 81
oi helf hv him. but not to a vote Oh any sn
mr. of stock transferred to him within tive
DAYS prior to an election. All DlIect'
on. both those appointed in this cnaTter
rol those hereinafter elected, shall hold OF
until their successors are electeu anu
po- ducted into office. In case OF ialluI !.
elect officers on the day hereinaDove n
or on such day as said annual meeting ,
have been regularly adjourned 10, this
noration shall not be thereby oiss'N
on, bnt the three Directors shall continue
o'n .,tiiee and a new election shall be held =
ire nreceeded by fifteen days notice as at
nan provided.
"a" ARTICLE vi.
has Until the first election to be held vi
to this charter as hereinabove provided
=, following named persons shall .serV'
VIII Directors, to-Wlt:
rac los E. Rasdell as President.
las. s. Mlllikin as Vice President.
ope ed. ]. Hamley as Secretary and freast
the SAID Di n.Ss;r :, cesssors shall have
crat elected and qualified at the nrst an
meeting of the share holders as above
MS yided. In case of a vacancy from o'
Tie resignation or otherwise. the SAID Boa
directors shall elect successor.
i'en ARTICLE VII
TIE Board Of Directors shall, at theii