The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1899-09-09
GARTER
The EAST CARROLL FAIR ASS0ciA-
TON, LIMITED.
STATE OF LOUISIANA.
PARISH OF EAST CARROLL.


Be 1t known, that on this the 4th day OF
August, 10 the year of our Lord one thous-
and eight hundred aud ninety-nine, (lS9o)
before mo. +. X. Ransden, a Notary Public
In and for The parish of East Carroll, State
OF Louisiana, duly commissioned and quail
fed and tn the presence of the witnesses
hereinafter named and undersigned, per-
sonaily 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 TO Corporations. and especial
~ of Act No. So of 1883. 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 rs such other per-
sons as may hereafter become asso-
eiated with them, to form and consti-
tute a corporation and body polite in law,
for the purposes and under the stipulations,
articles and conditions, following:
ARTICLE 1.
The name and style OF this said
corporation shall be THE Fast
CARROLL FAIR ASSOCIATION,
LIMITED, and its domicle is hereby
established In the City of Providence,
parish OF East Carroll State of Louisiana,
and under its said corporate name it
| shall have the power and authority to con-
D
corporate seal. and same to break and alter
| at pleasure; to hold, receive, have, pur-
chase, improve, ALLEVIATE, convey, sell. bor-
row, pledge, mortgage aud hypothecate
under its said corporate name. property.
real, personal end mixed; to name aud APP
point such officers, directors. agents and
managers, or employees. as the interests or
quire; to make and establish bylaws, rules
and regulations for the necessary manage
ment of its affairs as may be deemed prop
err, and same to be changed at pleasure;
and to do all other acts nd things permit
ted by law. or as shall be necessary or prop
err to carry out the acts and purposes OF
said corporation.
Said corporation, unless sooner dissolved
in accordance with its charter, shall exist
and continue for nfnety-nine (39) years,
from and after the date hereof.
ARTICLE II.
The object and purposes for which this
corporation is organized are the following.
to-wit:
To encourage and promote agricultural
arts. the breeding and Improvements 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 Aaso-
citation shall be Five Thousand dollars, d.
vided and represented by 1u00. shares for
the sum of $500 five dollars each, of
which 80 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 TOR 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 thereofb said corpora
ton.
Any stakeholder may sell, assign or trans
fer bis stock in said corporation provided
such transfer thereof be made on the books
of said Association at its office in the City
of Providence, and on surrender Of the Ger.
tificates therefor. No transfer ofaBy frac-
tionaI part of share shall be made.
This corporation shall commence doing
business IS soon as five hundred dollars of
its capital stock shall have been subscribed
and 90 per cent paid thereon.
The board of directors shall have the
right to determine how much stock shall be
subscribed.
ARTICLE Nv.
The corporate pow ers of this Association
shall be vested in board Of directors. con-
sisting OF the president. vice president and
secretary and stockholders.
Five OF said board of directors shall con-
stitute a quorum for the transaction of
business, aud their decision shall be valid
corporate acis. The following persons
shall constitute the first board of directors
Phil Mcclure. President; W. s. Mcguire,
Vice President; <. Fl. Schneider. Secretary;
E. J. Hamley. X. L. Hill, Jno, A. Buckner,
f. T. Constant, Il. b. Davis and G. A. voel-
ker
No person shall be eligible as director
or officer who is not stockhoder of this
association,
During the absence of the president the
vice president shall act and preside. The
president. Or in his absence, the Vice presi-
dent shall be the proper persons upon
whom citation and other legal proceedings
shall be served.
Said board OF directors shall continue in
Office until the first Monday OF August.
1900 on which day. and thereafter annually,
a board of directors shall be elected on the
first Monday of August Of each year. uuless
the same should be holiday, when the
election shall be on the next legal day
Notice Of such election shall
be given each stockholder, by the secretary. j
at least ten days prior to each election, and
the board Of directors shall appoint ole or