The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1896-06-27
CHARTER.
STATE OF LOUISIANA, PARISH OF
EAST CARROLL.

re IL known that on this 10Th day Oh Nay
A ID. 1896. before me, w. u. montgomery
Notary Public for parish ana Seate aiut
sons whose names are hereto subscribed;
who in the presence of the unoerslgueu
w;tnesses. seyerally declared that aVaihhg
| themselves OF the law relative 10 No.po
ations, they do hereby contract, Jinu s
agree, and obligate tneme ,sv S,srsafter be-
come associated with them, to form ana cou-
| St;,nte q hody polite in law Tor the opJects
ond nurnoses and under the agreements
and stipulations hereinafter set out' to-"i'
ARTICLE 1.
| Tho name and title OF this corporation
shall be THE PEOPLES COTTON yin OoM,
PANY. LIMITED under which hanie anr
title the said Corporation shall nave power
| 70 exist for fifty Years, to sue and be sueu,
| 20 make and use a corporate seal, anu 70
hreak or change same at pleasure. sanio W
he designated by the Board oil DIIec'ols
to purchase, lease own sell. m0rtgase ane
; pledge real estate and persona p,op rs the
10 appoint such managers ana agents 40 s,,I
? business of the Corporation may demand,
, ond Generally to do all such acts anu
! thinGs necessary and convenient ior ou.
~r;n9 ont the objects OF this Corporation
as hereinafter stated.
ARTICLE III.
!, The domlcile o. this Corporation snai. vi
! in the town of Providence, East CaIiol
narish Louisiana, and all citations or Othei
t.o.ai nrocesses shall be served on the Presi
Y dent. and In his absence, on the Secretaiy
, ARTICLE Ill.
Tho nnrnose for which this Corporation
i IL established and the business 10 pe cal
r,od on nv il is operating PUBLIC CoTTof
GIN AND S,RIsT MILL in the parish aiore
eaid and the lease or purchase Oh Tue iant
n necessary for same; and the purGnase az.
I. construction OF all necessary puiluinss gu,
oh;nerv for same and the construction
for lease of such buildings near the gin sl.
os car he leased TO advantage; toRe.ne
with the general power to do all thine
u necessary and convenient In conuoo'in
~ said business.
The capital stock of this Corporation
hereby fixed at Ten Tnousanu D III :,
u, 1sIo O6O( divided into and Represented !,
III Two Hnndred Shares of Fifty Dollars eaci
i. Tho nnmher of shares to be subscribed le
oroanization shall be thirty (So), ana
soon rs that number shall have been SUI
oa scrbed and paid in full, the Company qua na
eu organize and commence business. NO &C ~
re t9Scata of stock shall be issued until u
in same shall have been fully paid Tor In cas
Or nronerty, The stock shall be eYidenct
nv s,ich certificates issued and signs
he nv such officers as the Board U.
I'd. rectors may u on she hooks of the Compan
0st No transfer of stock shall be valid or PIN
;n1 unless and until same shall nave pe'
nsde and entered on its books. NO shaf
as holder. his heirs. representatives,
~. assigns. shall sell or dispose OF s.ooA s ~
nv him in this Corporation until tne saL
lru sS,il have been rendered to the remain J.
tonthoIders in writing through the ONO
designated by the BYLAWS OF saiu NoIp y
es- zion to receive such tender, VINO aIc
be- have an option on said stock at Tue mar \, :
I'D nt b. Il
by.laws shall he adopted by the boaru
E;ractors at their first meeting after u
soid t,orporation shall have been org'
Geo ICED.
lsse ARTICLE v.
Ugh r.,o mowers of this Compa
vim shall be vested in Board oil Dilec.ois y
he composed of three stockhoioeis.
:. first Board of Directors snsi sr Se Monday
With May, 1891. Prior TO tnas tadn a. ' hereinai
oil statad. On the second Monoay .,
of each year a general meeting VI
40 stockholders OF SAID Sorpoaa soS three
VEN rectors for the ensuing year, AFTER ny
and days written notce seaa rat. nv of this {
mp noration. At all elections MAJORITY VI
votes cast shall elect, ana eacn shai ,er no,
. shall he entitled to cast either IN perso -.
TEN hv nroxy one vote tor each share Oh 81
and held by him. but not to q vote Cd any 81
lion. of stock transferred to him within wv
davs prlor to an election. All DIIeo'
III hoth those appointed In this cnaItsi
those hereinafter elected. shall hoiu
,,ntii their successors are elected anu
the Sncted into Office. In case OF jaliuI !.
who elect officers on the day hereinaoo;ne !
md or on such day as said annual meetihg
have been regularly adjourned 10, .his
Inc norotion shall not be thereby oissoi
pera but the three Directors shall :, coha, ii
otfsce and new election shall be heia
. proceeded by fifteen days notice as a.
provided.
ARTICLE vi.
Until the first election to be nei1 =
'suas, this charter as hereinaboye proSlueu
~ VA: a. following named persons snah SCI
. the Directors, to-wit: ,.
!, .u9 los. r.. Rasdell as President.
ffovr las. 9. Millikin as Vice Presldent
, s.r I'D. J. Hamley as Secretary ana Ireas
-imeS Said Directors shall serve anu
office until their successors snaii nave
elected and qualified at the nrst ~
list. Meeting of the share holders as above
vided. In case of vacancy ron =
'rown resignation or otherwise, the said Bot
crate. Directors shall elect suceesso'
guire ARTICLE ~ 49,,
The Board of Directors shall, at tnei