The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1899-09-02
CNHRTER
THE EAST CARROLL FAIR ASSOcIA-
TON, LIMITED.
STATE OF LOUISIANA.
PARISH OF EAST CARROLL.

Be it known, that on this the 4th day of
August. in the year of our Lord one thous-
and eight hundred and ninety-nine, (iS99)
before me. +. X. Ransdell. Notary Public
in and for the parish of East Carroll, State
of Louisiana. duly commissioned and quail
fed. and In the presence of the witnesses
hereinafter PANIED and undersigned, per-
sonally came and appeared the parties
whose names are hereuntO subscribed, all
of full age, who declare that awaiting them
selves OF the provisions of the laws OF this
state relative 10 Corporations. and especial
ly OF Act No. SO of 1888. of the General
Assembly OF Louisiana. they have coVen-
anted and agreed and by these pres
ents. do covenant and agree, and bind
themselves. as well as such other per-
sons as may hereafter become asso-
ciated with them, TO form and consti-
tute corporation and body polite In law,
for the purposes and under the stipulalions,
articles and conditions, following:
ARTICLE /.
The name and style Of this said
corporation shall be THE EAST
CARROLL FAIR ASSOCIATION,
LIMITED, and its domicle is hereby
parish of East Carroll, State OF Louisiana.
and under its said corporate name it
shall have the power and authority to con-
tract, sue and be sued, to make and use a
corporate seal, and same to break and alter
at pleasure; to hold, receive, have. pur-
chase, improve, ALLEVIATE, convey. sell, bor-
row, pledge. mortgage and hypothecate
under its said corporate name. property,
real, personal and mixed; to name and ap-
point such officers, directors, agents and
managers, or employees, as the interests or
convenience of said corporation may re-
quire; to make and establish bylaws, rules
and regulations for the necessary manage
ment ofits affairs rs may be deemed prop
err, and same to be changed at pleasure:
and to do al! other acts nd things permit
ted by law, or MS shall be necessary or prop
er to carry out the acts aud purposes of
said corporation.
Said corporation, unless sooner dissolved
in accordance with its charter, shall exist
and continue for ninety-nine (y9) years,
from and after the date hereof
ARTICLE III.
The object and purposes for which this
corporation is organized are the following.
to-wit:
To encourage and promote agricultural
arts, the breeding and ilnproye ment of the
better grades of live stock, hogs and fowls;
to locate and establish fair grounds and
building, and to hold and conduct annual
fairs. and to do all things necessary to the
success thereof, in keeping with good or
der and law.
ARTICLE III.
The authorized capital stock of said Asso-
citation shall be Five Thousand dollars, d.
vided and represented by loco shares for
the sum of $500 five dollars each, of
which 30 per cent. shall be paid for in cash
at the time of subscription, and the remain
der at such time or times as may be direct
ed by the board of directors, or the same
may be Issued at not less than par In pay
inent or exchange for property or rights
actually received or purchased by said cor
poratiOn, or the same may be issued full
paid for money advanced and for such 9TH
er valuable considerations and services as |
the board Of directors may determine, pro-
vided that no stock shall be issued until |
the consideration thereby said corpora |
ton.
Any stakeholder may sell, assign or trans |
Ter his stock in said corporation provided |
such transfer thereof be made on the books |
of said Association at it's Office in the City |
Of Providence. and on surrender of the GER.
Iiticates therefor. No transfer Of any frae-
tional part OF share shalt be made.
This corporation shall commence doing /
business as soon as i've hundred dollars of |
its capital stock shall have been subscribed
and 80 per cent. paid thereon.
The board of directors shall have the
right to determine how much stock shall be |
The corporate pow ers of this Association
shall be vested in board of directors. con-
;istiug OF the president. vice president and
secretary and stockholders.
Five OF said board of directors shall con-
'titute quorum for the transaction of
and their decision shall be valid
corporate acts. The following persons
hail constitute the first board of directors
Phil Mcclure. President; W. s. Mcguire,
Vice President; #. III. Schneider. Secretary;
3 J. Hnmley. r. l.. Hill, Jno, A. BuckDer,
:. T. Constant, r. d. Davis and G. A. yoel-
Ter
No person snail be eligible as o director
IT officer who is not . stakeholder of this
During the absence Of the president the
ice president shall act and preside. The
president. or in his absence, the vice prssi-
lent shall be the proper persons upon
ghom citation and other legal proceedings
hall be served.
Said board of directors shall continue In
ffice until the first Monday OF August,
300, on which day. and thereafter annually.
board OF directors shall be elected on the
rst Monday Of August of each year. unless
he same should be holiday, when the
lection shall be on the next legal day
hereafter. Notice OF such election shall
e given each stakeholder, by the secretary,
Ian r.2f, ~ IL n