The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1901-12-07


Them, to form and constitute evaporation
and body polite IN law for the purposes
and objects and under the stipplafions. ar
ticles and conditfoHs nljow;ng. to-wit:
eKTieLEsi.
The name and style pr said corporation
THE CARRslL OH. AND ICE COMPANY,
LExITED,
and its donisile Is hereby established in
the city OF Providence, parish of East Car
roll. State ofLouisiana. and under its said
corporate name said corporation shall have
stpower and afttority 10 contract. Sue and
be sued; to make and use a corporate seal.
and the same to break and alter,at pleasure;
Ito hold, receive. have. purchase, improve.
ALLEVIATE. conyey.-ssell., borrow, pledge.
mortgage and hypothieate under its said
corporate name. property. real, personal
and mixed; to nome and appoint such
i officers, directors. agents and managers or
/ employees as the interest or convenience of
said corporation may requfre, 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 ut
pleasure; and TO do all other acts and
] things permitted by law, or as shall or may
! he necessary and proper to carry on the OBJ
| jeets aud 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 H..
| This corporation is created for the pur-
| pose 6fmanufacturng products ofall kinds
| from crude cotton seed. refining oil. manu-
! featuring fertilizers. soap. cattle feed. buy
ing and selling cotton seed. operating an
oil mill and cotton ginnery. and with the
right to construct a 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,
buildings, machinery and such other
things as may he necessary for same; also
the erection of buildings, setting up and
equipping of all machinery and other
things necessary for same; also whatever
may be usual, necessary and convenient in
conducting said business.
ARTICLE III.
The capital stock of said CORPORATION
shall be two hundred thousand dollars. |
divided into and represented by two thous- |
and shares OF one hundred dollars each. |
of which said stock ten per centum shall be |
paid Tor in cash at the time of subscription |
and the remainder at such time or times as |
may be designated by the board of direct |
ors or the same may be issued at not less |
than par in payment or exchange for prop |
erty. or rights actually received or pur- |
chased by said corporation. or the same |
may be issued full paid for money ad- |
yanced. and for such other valuable con- |
siderations or services as the board of d. |
rectors or said corporation may determine; |
provided, that no stock shall be issued un-
I'll the consideration therefor has been re-
ceived by the said corporation.
Any stakeholder may sell, assign or trans
fer his stock in this corporation. provided |
thirty 500 days prior notice of such inten-
tion TO sell. assign or transfer the same be
given to the Company. and the other stock
holders thereof shall have the first privil-
ege OF purchasing same, after which thirty
days notice. the said stock may be sold in
open market.
The stock of SAID corporation may be
transferred under the above conditions,
provided such transfer thereof be made ON
the books of said company at its Office in
the city of Providence, and on the surrend-
er of the certificate therefor.
No transfer OF any fractional part of a
share shall be made.
The corporation shall commence doing
business as soon as twenty thousand dol
lars of the capital stock shall have been
subscribed for and ten per eeEtum paid
thereon.
The board of directors shall have the
right to determine how much stock shall
be issued. se,ss
ARTICLE Nv.
The corporate powers of this Company
shall be vested in and exercised by board
of five directors. consisting of the Presi-
dent, Vice-president and three stockheld-
ers. Three of said board shall constitute a
quorum for the transaction of business,
and their decisions shall be valid corporate
acts.
The following. persons shall constitute
the first board of directors: Il. j. Hamley, .
President; Yancey Bell. Vice president
J s. Millikin, Robt. Nicholson and j.. Il.
Ransdell. se +
No person shall be eligible as a director
or officer who is not a stakeholder of this
Company.
During the absence of the President the
shall act and preside. The
President, or in his absence, the Vice
president shall be the proper person upon
whom citation or other legal process shall
be served.
Said board shall continue in office until
the first Monday in January, 1919 One
Thousand Nine Hundred and Three. on !
which date and thereafter annually. a
board of directors shall be elected on the
first Monday in January of each year
unless the same should bea legal holiday
when the election shall be held on the next
legal day thereafter
IN
each stockholder by the secretary in writ
log. at least ten days prior to each election;
and the board of directors shallappoint one
Or more stockholders to preside at such
election as commissioners, msthe event of
the failure OF any commissioner or commits 4
sioners to attend. the President shall. by
appointment. I'LL the vacancy. Any failure
by any cause whatever to elect directors
the day named for that purpose shall not
dissolve the corporation. but the directors !.
hen in Office ss we'll rs the officers of said
Company. shall hold over until their sue
.essors are chosen. q
In such event, the President shall cause Z
another election to be held In thirty DAYS,
aud shall give notice thereof rs herein be- a
fore provided. "A 4{
At every election and meeting each stock !.
holder shall be entitled to vote tor each :
share of stock registered in his name and
nay vote by proxy.
ot, and the majority in amount OF. votes
EAST. each share Of stock voted upon to be-
counted for one vote. shall elect the per-
son or persons tor whom they were cast.
After each elecfion the board of directors
shall elect from their own number the off,
GERS of said ompany.
The board OF directors shall have full
power TO I'LL vacancies in their number
caused by death, resignation or otherwise
rom among the stockholders of the cor
poration. -
ARTICLE VI. g
The said board shall have full control of
the property of this Company. and shall So
conduct. manage and use the same rs in
their discretion they deem fit and that is
consistent with the interests OF this Com
pany or tie welfare of same
The said board is further authorized to
frame and adopt such bylaws. rules and
regulations as the affairs and business of
h.. ..r.ts tIt.rt n a