The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1899-11-30

authorised to possess oy law ana PaTtlc-
ularly carry out the purpose OF this cor
poration: and its domicile shall be the
town Of Benton, Booster Parish, La.
ARTICLE n.
The object and purpose OF this coFpo.
ration are declared to be-to gin and
mack cotton for the public; to buy cotton
and cotton seed and sell the same; 70 buy
md sell timber; to buy and sell lumber,
ana to manufacture same into salable
articles for sale; to establish, maintain
ma onerate water works for the purpose
of selling water to the public or any
other enterprise that the directors or
stockholders may see ft to attach 70 this
plant that they deem pecuniarily bene-
hcial 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 canital stock Of this corporation
"a declared TO be ten thousand dollars
$50 000 OO). divided into two hundred
1NOl shares of fifty dollars each, which
Shaif be paid for In cash, or property
actuallv sold and delivered to this corpo-
ration. and shall be due and payable IN
mch amounts and at such times and
nlaces as the Board Of Directors may
resolve and determine. This corporation
ahall beQin operation as soon % sixty
(6O1 shares. making three thousand dol-
iars IS. OOO, COY shall have been subscrib-
ed to the capital stock, and paid IN.
ARTICzv 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-
ma q Quorum. to be elected annually at
4 meeting Of the stockholders, TOR that
nurnoee. TO be held on the first Monday
IA Nav. 1900. and yearly thereafter, after
| ten DAYS notice given to each stockhoider
| hv the Secretary, each share OF stock
| being entitled to one vote. Until the hrst
| elect3on. the Board Of Directors shall be
| AR. Thompson, B. A. Kelly, 9. II.
Irion. T. NJ. Vaughan, J. p. Creswen, 7.
q. and and L. G.. Smith, who shall serve
until their successors are duly elected.
The officers Of this corporation shall be
President, Vice. President Score
tary and Q Treasurer, and said omcers
shail be elected annually by the Board OF
Directors, and until the flrst election the
of6cers shall be Is follows: Thomas Nd.
Vaughan, President; Joseph =: AdgeI,
Vice. President; James =. Creswen,
Treasurer, and Luther 6. Smith, Secre-
tary, who shall serve until their success
sors are duly elected.
| ARTICLE vn.
No stakeholder shall ever be liable OF
RESPONSIBLE for the contracts or faults Of
raid CORPORATION in any further sum than
the unpaid balance due to the company
on the shares owned by him; nor shall
anv informality in the organization have
the effoct Of rendering this charter null,
or Of exposing any stockholder to any
liability beyond the amount OF his stock
No transfer Of stock by the holders
thereof shall be binding on this corpora
lion. unless said transfer is duly entered
on ito books.
II, Whenever this corporation 10 dissolved
bv limitation, or from any other cause
it, affairs shall be iquidated BY three q
commissions from the stockholders ap'
pointed for that purpose, ct meeting o
same. convened after tan days notice z
; said stockholders, given to them BY let
/ ter. addressed to each stockholder ant
+ deposited in the mail. In case OF dealt
OF failure to act, said remaining commits
: sioners shall appoint their successors.
) This done and passed, at my ONCE, b
= the town Of Benton, said parish, the d!
{ and data above written, in presence Q
; Thomas Player and g. B. Smith, compe
o tent Witnesses who, with said appearer
and me, Notary, have signed these pres
SCENTS.
Names. No. Of 6naIee
i, A. r. Thompson .;:,.-........-Aen Nv
]. e. Adger (per A. r. Thomp- :.
al son .............-.......... EouI =
L. G. Smith nIee 1S
4. n. Vaughan 4s,n ~
4. Il. Land. -FOUR
IL. p. Creswell- Twensy e.
u r. B. Hill :9ne
q G. II. Irion.. =
: B. A. Kelly ,1 1s,Gns =
n T Masees P1IYsa. deputy Clerk and .,
d q. B. Smith. J ofhcio Notary Puon
y State Of Louisiana, Having examine
Parish Of Booster. the foregoing act
incorporation and finding nothing there1
contrary to law. ] hereby approve Z
same. -.
II Done and signed On this the 18th d
Of November, 1859. .-
,al niatrack Attorney. Second Judicial