The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1899-11-23

lleges which corporations are or may be
authorized to possess by law, and partic-
ularly carry out the purpose of this cor
poration; and its domicile shall be the
town OF Benton, Bossier Parish, La.
ARTICLE II.
The object and purpose of this corpo-
ration are declared to be-to gin and
pack cotton for the public; to buy cotton
and sell timber; to buy and sell lumber,
and to manufacture same into salable
articles for sale; to establish, maintain
and operate water works for the purpose
OF selling water to the public, or any
other enterprise that the directors or
stockholders may see fit to attach to this
plant that they deem pecuniarily bene-
fetal to the same.
ARTICLE M.
Citations and all legal processes shall
be served on the President, and in his
absence on the Secretary.
ARTICLE ".
The capital stock of this corporation
is declared to be ten thousand dollars
($1O,0 900 O0), divided into two hundred
(200) shares Of fifty dollars each, which
shall be paid for in cash, or property
actually sold and delivered to this corpo-
ration, and shall be due and payable in
such amounts and at such times and
places as the Board of Directors may
resolve and determine. This corporation
shall begin operation as soon a. sixty
(60) shares, making three thousand dol
lars ($3, 600 0O) shall have been subecrib-
ed to the capital stock, and paid in.
ARTICLE v.
The affairs Of this corporation shall be
under the management and control Of the
Board OF Directors, composed Of seven
stockholders, four Of whom shall consti-
tute quorum, to be elected annually at
meeting Of the stockholders, for that
purpose, to be held on the first Monday
in May, 1900, and yearly thereafter, after
ten days notice given to each stakeholder
by the Secretary, each share Of stock
being entitled to one vote. Until the first
election, the Board Of Directors shall be
A. r. Thompson, B. A. Kelly, G. III.
Irion, T. M. Vaughan, J. p. Creswell, +.
T. Land and L. G. Smith, who shall serve
until their successors are duly elected.
ARTICLE VI.
The officers of this corporation shall be
Presloent& vlce-Presadent, . Score
tafy ana ifeasurer, ana sara once:
snan De elected annually ~ the Board Of
D1recSofs, ana una! the nrst elecuon tne
omcers small De as follows: Tnomas NJ
vaughan, fresadent; Joseph =: Aogef,
vlce-fTesloens james =. Cresweu,
treasurer, ana Lutner ": SMltns oecre-
tary, VINO snal serve untli tneir success
sofs are ouly eiected.
| ARTICLE vn.
No stockholder shall ever be liable O,
responsible for the contracts or faults Of
| said corporation in anv further sum thar
the the nnni;d haiance due to the CONWAY lrr,
on the shares owned bv him: nor shall
any informality in the Organization hay,
/ the effect Of rendering this charter null
or Of exposing any stockholder to an,
liability beyond the amount Of his stock
/ No transfer Of stock by the holder
thereof shall be binding on this corpora
ton. unless said transfer is duly entere,
on it's books.
ARTICLE VIM.
this y. corporation s i sso,ys
Is; Is affair shali ha l;nn;iafeS ~ three q
uo;ntad sor th ,n nn ,ro y meet;ne g
eama Convened aftar tan dava ,', not;ce !
said stockholdera. ciyen TO them 81 lei
ter. adlraaaod e. each atockholder an
da a, s n the mail n casa 81 daat al
or failure 70 act. said remaininr COMMIT
s;ona-s shsI, sn,, IN, tha;r s,,ceessors '
This This done and nassed a nv once. /
+he t,.,,, e. P .a se;d ,or;sh the a.
sno 1 ~. = Dolso:, 800 1851, 80 =.
Thomas Player and g: 3 Smith sn;a comps
and me, Notary, have signed these pref
se''' Names. No. 81 share