The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1901-11-09

LIMITED,
and its domieile is hereby established il
the city Of Providence, parish of East Car
roll. State of Louisiana. and under its sait
corporate name said corporation shall havt
power and authority to contract, sue ant
be sued; TO make and use corporate seal
and the same to break and alter at pleasure
to hotd, receive. have. purchase, improve
ALLEVIATE. convey. sell, borrow, pledge
mortgage and hypotbicate under its saiC
corporate name. property. real. personal
and mixed; to name and appoint such
officers. directors. agents and managers OF
employees as the interest or convenience oil
said corporation may require; to make and
establish bylaws. rules and regulations for
the proper management and regulation OF
its affairs. as may be deemed necessary and
proper and the same to alter and change al
pleasure; and to do all other acts and
things permitted by law, or as shall or ma
be necessary and proper to carry on the OBJ
jects and purposes of said corporation.
Said corporation, unless sooner dis
solved. in accordance with its charter.
shall exist and continue for the period of
ninety-nine years, from and after the date
hereof
ARTICLE II.
This corporations created for the pur-
pose 0fmanuiacturlng products of all kinds
from crude cotton seed refining oil. manu-
featuring fertilizers. soap. cattle feed. buy
ing and selling cotton seed. operating an
oil null and cotton ginnery. and with the
right to construct railroad for use in its
business, and operate the same by hand
power. steam or electricity. and with the
right TO own and operate bridges and
steamboats, in connection Herewith. also
the operation of an ice factory and bottling
works; also the lease or purchase of lands.
machinery and such other
things as may be necessary for same; also
the erection of buildings, setting up and
equpping of all machinery and other
things necessary for same; also whatever
may be usual. necessary and convenient in
said business.
ARTICLE III.
The capital stock of said corporation
shall be two hundred Thousand dollars.
iivlded into and represented by TWO thous-
md shares OF one hundred dollars each.
If which said stock ten per centum shall be
'aid ior IN cash at the time of subscription
ma the remainder at such time or times AS
nay he designated by the board of direct
rs or the same may be issued at not less
ban par ia payment or exchange for prep
rty. or rights actually received or pur-
hased by said corporation. or the same
ray be issued full paid for money adj
anced. and for such other valuable con-
iderations or services as the board of di-
ectors or said corporation may determines; 1
rovlded, that no stock shall be issued I'M
| the consideration therefor has been re-
eiyed by the said corporation.
ANY stockholdeE may sell. assign or trans /
n his stock in this corporation. provided 4
lirty (3Ol days prior notice OF such inten-
on TO sell, assign or transfer The same be
ven TO the Company, and the other stock
'lders thereof shall have the first priyil-
e OF purchasing same. after which thirty
'ys notice, the said stock may be sold in
zen market.
The stock of sald corporation may he
ansferred under the above conditions.
divided such transfer thereof be made on
e books OF said company at its office in
e city OF Providence. aud on the surrend-
OF the certificate therefor.
No transfer OF any fractional part OF
are shall be made.
| he corporation shall commence doing
siness AS soon as twenty thousand dol
; of the capital stock shall have been
described for and ten per centum paid
sreon. =
he board of directors shall have the T
hit to determine how much stock shall :.
issued.
ARTICLE w. t
he corporate powers of this Company
II be vested IN and exercised by board v
I've directors. consisting of the Presi- c
L, Nice-president and three stockhold- P
Three of said board shall constitute u
rum for the transaction of business.
their decisions shall be valid corporate a.
].
he following persons shall constitute .
hrsi board of directors: f. ] HamIey,
sident; fsncey Bell. Vice presidents; =
MHlikin, Robt. Nicholson and j. E.
sdell
0 person shalt be eligible as a director
tncer who is not stockholdeF of this
lp&ny. re
lnng the absence of the President the y,
e.fresident shall act and preside The an
,laent, or in his absence, the Vice
ident shall be the proper person upon