The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1902-04-10
CHARTER OF SLIGO STOCK
COMPANY, LIMITED.

State OF LOu1S1ana-PaT1Sn OF Cau0O'
DE it known, that on this the seventh
ID day of March, in the year OF our
Lord, one thousand, nine hundred and
two. and of the independence OF the
United States of America the one hun
red and twenty fifth, before me, r. D.
Webb, a Notary Public, duly commits
stoned and qualified in and for Caddo
Parish, Louisiana, and in the presence
of the witnesses hereinafter named and
undersigned, personally came and ap-
peared the parties whose names are here
unto subscribed, who declared that
awaiting themselves of the provisions OF
the laws of this State relative to corpo-
rations, and especially of Act No. SO,
(thirty- six) of 1888, of the General
Assembly of Louisiana, they have cove
nanted and agreed by these presents, do
covenant and agree and bind themselves,
as we'll as such other persons as may
hereafter become associated with them,
to form and constitute a corporation and
body polite in law for the purpose and
objects and under the stipulations, arti-
cles and conditions following, to-wit:
ARTICLE 1.
The name and title of said corporation
shall be the Sligo Stock Company, Linn
tied, and it's domicile is hereby estab-
lished at Sligo, Bossier parish, La, and
under its said corporate name said
corporation shall have power and au-
thority to contract, sue and be sued, to
make and use corporate seal, and the
same to break and altar at pleasure, to
hold, receive, have, purchase, improve,
ALLEVIATE, convey, sell, borrow, pledge,
mortgage, hypothecate and lease, under
the said corporate name, property, real,
personal and mixed, and to name and
appoint such officers, directors, agents
and employees, as the interest or con-
venience of said corporation may require,
to make and establish bylaws, rules and
regulations for the proper management
of its affairs, as may be deemed necessary
and proper, and the same to change and
alter at pleasure, and to do all other
| acts and things necessary and proper to
| carry out the objects of said corporation.
This corporation, unless sooner dissolv-
ed in accordance with its Charter, shall
exist and continue for the period of five
wears from and after date thereof. The
President, or in his absence, the Vice
President, shall be the proper person
upon whom citation or other legal pro-
cess shall be served.
| ARTICLE 2.
The objects and purposes for which
thus corporation is organized, and the
nature of the business to be carried on
by it are declared to be to conduct a
general merchandise and planting bust
ness, and for this purpose to acquire
be deemed necessary or convenient fol
its business.
| ARTICLE 8.
The capital stock of this corporation
shall be twelve thousand dollars, divided
into and represented by one hundred anG
twenty shares of the sum of one hundred
dollars each, which said stock shall be
paid for in cash or property, rights OF
credits actually received by said corpo.
ration, provided that no stock shall bt
issued until the consideration thereo
has been received by the said corpora.
ton. Any stakeholder may sell, assign
or transfer, his stock in this corporation
provided, thirty days prior notice of sucf
intention to sell, assign or transfer thu
same be given the company, and thu
other stockholders thereof shall have tn,
first privilege of same.
ARTICLE4.
The stock of said corporation may b,
transferred under the above conditions
provided such transfer be made on tn
books of said company at its Office a
Sligo, Bossier parish, La, on surrende
of the certificates thereof. This corpo
ration shall begin business as soon as tn
capital stock shall have been subscribe,
and paid in. The corporate powers O
this corporation shall be vested in an
exercised by Board Of Directors, eacl
of whom shall be stakeholder in tn
corporation. The following persons shal
constitute the first Board of Directors
John A. Skannal, Henry Skannal an
R. N. Cunyus, with John A. Skannal a
President, Henry Skannal as Vice Pres
ident and Manager, and r. N. Cunyu
as Secretary and Treasurer; which Off
GERS and Board of Directors shall hol
their Offices until list Monday in January
1908, or until their successors shall hav
been duly elected and qualified. On tn
first Monday in January, 1903, and there
after annually, Board of Directors sha
/. be elected, unless the same be a legs
holiday, when the election shall be hel
on the nextleg day thereafter. Motto
of such election shall be given by tie
Aoyo PuDiASeseioA PACCCOOAle5 CdCA ClCC
ton in one of the newspapers publishe
in Bossier parish, La. The Board {
: Directors shall appoint one or MOI
stockholders to preside at such electio
as commissioners, and in the event {
failure of any commissioner to attend
= the President shall, by appointment, Fl
) the vacancy. Any failure from an
, cause whatever to elect directors tn
day named for that purpose shall ne
dissolve said corporation, but the direc
tors then in Office, as we'll as the Officer
, of said company, shall hold over unit
their successors are chosen. In the ever
OF failure to elect on the day namet
the President shall cause another electio
to be held within thirty days, notice {
which shall be given as before provided
At every election and meeting eac
! stockholder shall be entitled to one vol
for each share of registered stock in b
name. The election for directors sha
be by ballot, and the majority in amour
t OF votes cast each share of stock vote
upon to be counted one vote shall ele,
the person or persons for whom the