The Meridional. (Abbeville, La.) 1856-1906, 1901-12-07

East Side Canal Co, Limited.

East Side Canal Co, Limited,
State of Louisiana, Parish of Vermil-
ion.
Be it known that on this, the ninth
day of November, ammo Domini nine
teen hundred and one, before me,
Anthony j. Golden, a duly commits
stoned and qualified Notary Public, in
and for the. Parish of Vermilion, State
of Louisiana, and in presence of the
the witnesses hereinafter named and
undersigned, personally came and ap-
peared the several persons whose
names are hereunto subscribed, who
s~everally declared, that availing them
selves of the laws Of this State relative
to the organization of corporations,
they do, by these presents, contract,
agree, bind and obligate themselves, as
well as all other persons who may be-
come associated with them, to form
and constitute a corporation and body
corporate in law, for the objects and
purposes, and under the conditions,
s~tipulations, and Articles following,
tO-Wit:
ARTICLE I.
The name and title of this corpora
ton shall be 1.-THE EAST SIDE
CANAL COMPANY, LIMITED, "and
under its corporate name it shall have
power and authority to exist and en-
Joy succession for the period of ninety
nine years from and after the date
hereof; to contract, sue and be sued;
to make and use a corporate seal and
the same to break and alter at pleas
ure; to purchase, receive, lease, hold,
and convey, as well as mortgage and
hypothecate under its corporate name,
property both real and personal; to
name and appoint such managers, di-
rectors, officers, and agents as the in
terest and convenience of said corpo-
ton may require; and to make and es-
tablish, as we'll as alter and amend at
pleasure, such bylaws, rules and regu-
lations for the prudent and proper
management of the affairs of said cor
poration, as may be deemed neces-
sary.
ARTICLE 2ND.
The domicile of This corporation,
shall be in the town OF Abbeville, YER
million Parish, Louisiana, and all cita-
lions or other legal process shall be
served upon the President of said cor
poration, on the Vice-President in the
absence of the President, and upon the
Secretary in the absence of both Presi-
dent and Vice President.
ARTICLE BIRD.
The objects and purposes for which
this corporation is established, and the
nature of the business TO be transacted,
are hereby declared to be: To buy,
sell, lease, hold, reclaim, develop, i'm
prove, cultivate and irrigate lands; to
rent lands to tenants and other per-
sons; to build, purchase, lease, own
and operate rice mills, lrrigating ca
mails and warehouses; to furnish water
for irrigating purposes, and to collect
tolls therefor in money or in. products;
to buy, sell, store, ship and handle
rice or other agricultural products; to
acquire canals and canal property or
interest therein, whether represented
by stock or otherwise; and to do any
and all such acts and things as may be
necessary to carry out said objects and
purposes.
ARTICLE 9TH.
The capital stock of this corporation
shall be Two hundred and fifty thous-
apd dollars divided into five thousand
shares of the par value of fifty dollars
each; but the corporation may organ
ize and begin business when ten thous-
and dollars of the capital stock shall
have been subscribed for, the remain
der Of the stock shall be issued by
resolution Of seven-ninths of the Board
of Directors, at a special meeting called
for the purpose after ten days notice to
each Director, and whenever addition
IL stock is issued it shall be first offered
to the then owners of the stock in pro-
portion to their holdings, and if they
fail to avail themselves of this allot-
ment within ten days after issuance of
the additional stock, they shall be
deemed to have abandoned their option
thereon. Notice of the issuance of
additional stock shall be given to each
shareholder by mail to the address
given on the books of the company, land
no notice shall be required to be sent
where no address has been given. Ger
~tificates of stock shall be signed by the
President, Tor in his absence by the
Vice Presidentl and by the Secretary;
and shall be issued only wheh the stock
they represent shall be fully paid. The