The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1896-08-08
No. 1881.
CHARTER
OF the Peoples Cotton Oil Go.
of lafayette, La
UNITED STATES OF AMERICA
STATE OF LOUISIANA, PARISH OF
LAFAYETTE.

LAFAYETTE.
Re It known that on this twentieth
day of the month Of June "Anno Doni-
ni' 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 and ex.
ofacio Notary Public, in and for said
parish and State, as such duly commits
stoned and qualified, and in the presence
of the witnesses hereinafter named and
undersigned: Personally came and ap.
peared the several persons whose names
are hereunto subscribed who declared,
That avsiling Themselves of the provisions
of the law of this State relative to the
formation of Corporations they do by
these presents, covenant and agree and
bind themselves and those whom they re.
present and those who may hereafter be-
come associated with them. to form and
constitute a corporation and body polite
in law for the purpose and under the
agreements and stipulations following.
ARTICLE l. The name and little of
this corporation shall be Peoples Cotton
Oil Company. Limited. Its domicile and
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 five hun
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
pectively. being set opposite their names,
which said shares are to be paid for in
instsl;ments Of not more than twenty per
cent every sixty days beginning with the
first payment on the first day Of August
Eighteen huncred and ninety six, subject
TO the call Of the Board of Directors.
ARTICLE II. Said corporation shall
commence iis existence from the date oi
these presents and shall continue for ,
period Of Ninety nine years and BY it
corporate name may sue and be suck
plead and be implicated appear snswe
and prosecute in any and all courts o.
justice here and elsewhere. The presi
dent Of this corporation shall be the Of
ncer on whom citation may be served
and in bis absence on the vice president
ARTICLE III. This corporation 10 OF
ganized for the purpose of erecting ant
operating > Cotton Oil Mil! for the man
ufactrre Of Oil. aud all other product
from cotton seed, and conducting ant
operating oil busibesses incidental there
to. Said corporation shall also hav
power to acquire, hold. receive. purchas
and convey by and under their corpora.
name real and personal property, sal,
corporation shall have power through 1t
board Of Directors to pledge mortgage o
hyrothecase its real and personal proper
ty for the purposes Of its business.
ARTICLE Nv. Said corporation shal
be managed by board Of Nine Director
who shall be citizens of this State ant
actual stockholders of said corporat:o,
to be elected by ballot on frst Tuesday
Of June Of each year and said board shall
hold ofice for one year or until their sue
cessors are duly elected and qualified
All elections shall. be conducted unde
the supervision of three stockholders t
be appointed by the board Of director,
for that purpose and ir case of any ont
of said commissioners Of elections declin
ing or failing 10 act, the president shall
sppoint another to oil his place. Th'
nine persons receiving the highest mum
Der Of votes shall be declared elected. Ii
case Of tie between anytwo or NOR,
among the number exceeding nine receiv
wing the highest number Of votes. ther
the tie shall be determined by casting
lots. The said board of directors shall
elect from their number president ani
vice president who shall serve without
salary and from the other stockholders {
secretary who shall be book keeper, 4
treasurer and general manager Whose
salaries shall be fixed by the board Of di
rectors. The board Of directors shall
have power to dll vacancies occurring OF
the board.
ARTICLE Y. The said board of di
rectovs shall make and ordain such by
laws for the proper management Of thl
corporatios. - may be necessary ant
proper 10 conformity With lav and sucl
.