The Meridional. (Abbeville, La.) 1856-1906, 1901-01-05

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AnnEyILLE CANAL COMPANY.
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United States of America-State of
Louisiana, Parish OF Nermllion.
BE ID known that on this 10Th OF
December in the year of our Lord One
Thousand Nine Hundred, and OF the
Independence of the United States OF
America. the One Hundred and twenty
fifth, before me Geo. w. Summers a
Notary Public duly commissioned u
qualified, in and for the parish of Yer
million, State of Louisiana, and in the
presence of the witnesses hereinafter
named and undersigned, personally
came and appeared the several persons
whose names are hereunto subscribed,
who sew orally declared that awaiting
themselves ofthe provisions ofthe laws
of this state, relative TO the orgahiZa-
ton of corporations, they have contract
ed and agreed, and do by these pres
ents, contract and agree and bind and
obligate themselves, as we'll as all other
persons as may become associated with
them, to form themselves into anu con
stitute a corporation and body corpo-
rate in law, for the objects and pnr-
poses and under the conditions, stipula-
lions and Articles following, to-Wlt:
ARTICLE FIRST.
The name and title of said corpora
ton shall be the Abbeville Canal Com
pany and under its said coporate name,
it shall have power and authority 70
exist and enjoy succession for the full
term and period of ninety nine years
from and after date hereof; to contract,
sue and be sued; to make and use a cor
porate seal and the same to break and
alter at pleasure; to purchase, receive,
lease, hold and convey,a a well as mort
gage and hypothecate under its corpo-
rate name, property, both real and per-
sonal; to name and appoint such man
age and directors, officers and agents
as the interest and convenience of said
corporation may require; and to make
and establish as we'll as alter and amend
at pleasure. such bylaws, rules and
regulations for the proper management
and regulations of the affairs OF said
corporation as may be necessary and
proper.
ARTICLE SECOND.
The domicile of said corporation
shall be in tie town of Abbeville, State
of Louisiana, and all citations or other
legal process shall be served upon the
President of said Corporation, or in
case of his absence, on the Vice
President; or in case of his absence,
upon the Secretary of the Corporation.
ARTICLE THIRD.
The objects and purposes for which
this corporation is established and the
nature OF the business. to he carried on;
are declared and specified to be:
To buy, sell, hold, reclaim, de veEop.
improve. build upon, irrigate and Gull
tivate bands; to reut to tenants and to
Other persons; to build, purchase, lease
and operate rice mills and warehouses;
to purchase, construct. own, lease and
operate canals in the state Of Louisiana,
to be used for irrigating lands, or Tor
transportation of products and mer-
chanoise, or for both; to furnish water
for irrigating purposes and to charge
and collect tolls therefor in money or
crops, or otherwise; to buy, sell, store,
ship, forward and handle rice and other
agricultural products, and to acquire
canals and canal property or interest
therein, whether represented oy, stock
or otherwise; and to do any and all
such acts and things as may or shall be
necessary a~ndsproper to carry out said
objects and purposes.
ARTICLE FOURTH.
The capital stock of this corporation
shall be five hundred thousand $780,
000) dollars, but the corporation shall
be entitled to organize and begin bust
ness when forty five thousand dollars
($45 .000l of said capital stock shall
have been subscribed and paid in as
follows: Fifteen per cent December
18th 1900; twenty-five per cent January
1st, 1901; and sixty per cent March 1st,
1901. The remaining four hundred and
fifty-fve Thousand 1856, 000| shall be
issued only on a resolution passed by
three fourths of all the directors or the
company, at a meeting called to con-
slider the issuance after ten days full
notice to all the directors. When said
additional stock shall be issued, it shall
be first offered to the then owners of the
stock of the company in the same pro-
portion in which they each oTn the
existing stock, Each shareholders
shall have ten days to decide whether
he will or will not take his proportion
of the additional stock, and if he does
not both take and pay for the same in
ten days after the notice of the allot-
ment to him, he shall be conclusively
presumed to have refused to take the
same, and the amount allotted to him
shall then be reallotted to the other