The Opelousas courier. [volume] (Opelousas, La.) 1852-1910, 1899-05-20

whose names are hercuntn subscribed Who sew
orally declared that. ;lvailinAs themselves oi
| the provisions Of the act of the Legislature of
TINS state known as; Act No % of the session OF
! 1888, approved June 9th. laSS, we'll those
| OF the general laws of the State relative to the
| organization CT corporations. they have formed
| and organized. and by these presents, do form
! themselves and those whom they represent and
their successors, into and constitute corpora
| the stipnlatons and conditions hereinafter set
forth, which they adopt us their charter. to-
| wit:
ARTICLE I.
The name and tito OF this rorporation shall
be THE BOAGNI co. LTD" 1t shall have
| its donlicile in the Town OF Opelousas, Parish
of st. Landry, State OF Louisiana. where all eli
tations and nther le ynl process may he served
on the President of he Company, or in his all
| srnce, on the Vice President thereof
ARTICLE II.
The objects and purposes OF this corporation
are hereby declared to be to develop land, and
to lqnidate and settle the remaining property
movable and lmmovahl:. notes. mort cages,
documents aud effects now held i'll common by
the heirs of DR.. Vincent Boagui Is joint own
ers, they having accepted the succession sim.
ply and uncondtionally ana having been reg
nlarly aud legally rnt in possession OF the
effects thereof under an order of Court as
shown by Judgment No. SOL, in the II III Judi
cial District Court in and for the Parish of st.
Landry, La, owning the same Jointly and in
indivision, and having partitOncd among
themselves alnlcably and III kind the property
and effects OF said succession, except the resi-
due thereof still held iii indiviSion they agree
to form a corportiOn in order to facilitate
and accelerate the liquidation. partition and
final settlement of the matters and property i'll
which they thus hold an interest III common.
ARTICLE III.
1t shall have power 10 sl;e and be sued and to
make and use a copofarc seal and change the
same at pleasure, to hole, lease and sell prop
for their business.
1t shall have power 10 coli.'ct debts, secure
claims, have notes achnow ca.cd. or institute
suits to interrupt prescription and other pur-
poses, to pay taxes, redeem property sold for
taxes or buy in any property sold for taxes
receive payment and satisfaction OF claims in
money or i'll property, accept rc1roceSsions
take mortgages, receive person n or collateral
securities, receive payment i'll full in part:
obtain Judgments. pay any and all debts and
the necessary current expenses of this cOrpo
ration, deposit moneys i'll bank, declare divi-
dends and pay TO each stakeholder his pre- rata
share i'll monies realized by the corporation on
shall also have power. with the unanimous
consent of the Beard of Directors, to contract
debts, rccOgnzH or acknowledge obligations,
pay same or divide the money or assets of the
corporation equally anln,S the Stockholders.
ARTICLE ".
The capital stock of this corporation is fixed
ut the sum of Nine Thousand 10000 Dollars rep
resen ted by ninety shares of one hundred uOO)
Dollars each payable by transferring, cedins
ana conveying to said corporation the iuter-
est of Eaid stakeholder i'll said residue of said
succession, it being well understood that the
stockholders i'll tbs corporation are to be the
nine heirs OF DR.. Vincent BoagEi.
The joint stock shall consist OF ali the
residue of the succession of DR.. Vincent Boagni
not included i'll divisions Nos. one two and
three.
No stockholder Of this corporation shall be
allowed to sell lis share of stock without first
offering the same to the stockholders Of this
Company, through its Secretary, which offer
shall remain open for three days, and should
said stock be accepted.i it shall he taken by and
for the said corporation and immediately can
celled, thus reducing the number OF shares in
said corporation.
All stock shall he transferred on the books of
the Company by the stockholder his or her
duly authorized agent or attorney in fact.
No transfer of stock shall be recognized as
valid and complete until the transfer is so
made on the books of this corporation.
ARTICLE V
All stock in this corporation which NAV he !
held or owned by female who is married |
shall be represented, controlled and managed |
by her husband, or by any proxy or agent she |
or husband may select and any stock |
oweLd by Il female who is not married shall be |
controlled and managed by her |
self personally or by any proxy or agent she may
select. and all such husbands. proxies or |
agents shall be allowed TO exercise all the |
rights privileges and prerUgatlVcs aS could he |
exercised by him were he personally the owner |
Of the stock, and TO vote The stock he SO repre-
sents or hold any office in this corporation.
ARTICLE Vi.
All the corporate powers oi tins corporation |
shall be vested in and exercised hy a Board of |
nine Directors composed OF stockholders OF this |
or representatives OF holders OF |
stock OF this corporation, five Of whom shall |
business, hut no debt shall he CON |
tracted without the unanimous consent OF |
the nine members of the Board OF Directors,
except for current expenses to carry out the |
purposes of this corporation, and bare quorum |
shall be sufficient to Ito all conservatory acts |
and incur such current expenses AS trey may
think necessary or eXpedent in the protection |
Of the Interests of this corporation, or in car
sying out its objects and purposes, or they may
delegate their authority to sthc President, and
in his absence to the Vice President to do all |
such acts as they themselves might do
The President or ill his absence the Wee
President shall be the executive officer OF this
corporation and preside at al the meetings OF
the Board OF Directors. and lie may in his dis
cretiOn call special meetings OF the directors or
stockholders OF this corporation to consult to-
gether upon any matter appertainlng to The in
terests OF the COrpGrttlOn
ARTICLE VIZ
No one shall be member of the Board Of
Directors who does not own or represent 10 |
shares of the capital stock OF this corporation.
The first Board OF Directors shall he Vincent
W. Boagni. +. NJ. BOagni, Jos. II. EoasHI, Dr
c. F. Boagni. j. Z. Boagni, c. II. Comeau,
lien A. Anding, j. j. Thompson and NJ. c.
MOseley
ARTICLE VIII.
The officers OF this corporation shal! be Vim
cent W. Boagni President Edward II. Eoasni,
=; j. j. Thompson, Secretary and
and II. G. Moseley as attorney. which
said Board OF officers shall remain il Office uu-
til the first Monday in May 1900, or until their
shall have been daily elected ana |
qualified On the first Monday of May. 1G0o and !
for three wears thereafter. an election |
0f the directors shall be held at the office OF |
the corporation and SAID directors, when |
elected, shall Immediately upon taking their
seats elect from their number a President, |
Vtce-PTesIdent, Secretary and Treasurer and |
an Attorney. The Secretary and Treasurer
shall not be required to le stockholder.
All elections shall he by ballot held at the
lays previous notice shall be given by the Sec
retary i'll writing, by mailing the same to the
best known address OF each stockhoider.
At the meetings Of the stockholders each share |
IF stock shall be entitled to to be east by
is owner or representative, either in person
Dy proxy, and majority of votes cast shall |
elect.
failure TO elect directors or officers as
above provided, shall not dissolve the corpora
lion, but the then existing Board OF Directors
shall continue in Office and another election
shall be held soon expedieht Any Va
cancy occurring IN said Board OF Directors
rom any cause shall be filled by the remaining
directors for the unexpired term.
All bank checks and corporate obligations
shall be signed by the Secretary and counter |
signed by the President.
ARTICLE IX.
This corporation shall continue three years,
4 not dissolved sooner by conse, I, and may be
year for five years, by which tlm. II shall he
dissolved. and its affairs finally liqnidated by /
three commissioners Appointed for tnat piir
pose by the Board of Directors.
ARTICLE X.
No stockholder shall evrt be liable Or resp0H-
sible for the contracts or faults Gf this corpora
lion in any further sIm than his interest in
this corporation, nor shall any mere informal
ty in organization or anything else have the