The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1901-11-16

| auenate. convey. sell. borrow, pledge.
mortgage and bypotbicate under it's said
corporate name. property. real. pepsonai
and mixed: TO Dame and appoint such
officers directors. agents and managers or
employees as The interest or convenience OF
said corporation may require; to make and
! establish bylaws. rules anu regulations Tor
the proper management and regulation OF
its affairs. as may be deemed necessary ana
proper. and the same to alter aud change at
pleasure: and 10 do all other acts and
things permitted by law, or as shall or may
be necessary and proper TO carry on the OBJ
iects and purposes OF said corporation.
Said corporation, unless sooner dis
solved in accordance with its charter,
shall exist and continue for the heriod OF
ninety nine years, from and alter the date
hereof
ARTICLE II.
This corporation is created for the pur-
pose-ofmanufaciurlng products ofall kIsds
from crude cotton seed, refining oil. manu-
featuring fertilizers. soap. cattle Ieed, puv-
ing and selling cotton seed. operating an
oil mill and cotton ginnery, and with tbe
right to construct railroad for use In It's
business. and operate the same by hand
power, steam or electricity. and Win the
right 10 own and operate bridges and
steamboats, in connection herewith, also
the operation of an ice factory and b0ttllng
works: also the lease or purchase OF lanos'
buildings. machinery and sueh olner
things as may be necessary for same; also
the erection of buildings, setting up ana
equipplng of all machinery and other
things necessary for same: also whatever
may he usual. necessary and convenient III
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 sball De
paid for in cash at the time of subscription
ana the remainder at such time or times as
may he designated by the board of direct
ors or the same may be issued at not less
than par in payment or exchange Tor prep
ertv or rights actually received or puf-
chased by said corporation. or the same
may be issued full paid tor 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 I'M
I'll the consideration therefor has been re-
ceiyed by the said corporation.
ANY stakeholder NAV sell. assign or trans
fer his stock in this corporation. provided
thirty (3C) days prior notice OF such lnten-
ton to sell, assign or transfer the same be
given to the Company. and the other stock
holders thereof shall have the first prlvli-
ege OF purchasing same, alter 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
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 eeGtum paid
thereon.
The board of directors shall have the
right to determine how much stock shall
be issued.