The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1902-05-31
THE PROVIDENCE LAND COM.
pAEY, LIMITED.

, to contract, sue and be sued: TO make an,
use corporate seal, and the same to breal
and alter at pleasure; to hold. receive, have
: purchase. improve, ALLEVIATE convey. sell
borrow. pledge, mortgage and hypothecate
under its said corporate name, propert,
real. personal and mixed: to name and an
point such officers. directors, agents anf
managers or employees as the interest Of
convenience OF said corporation may re
quire: to make and establish bylaws. ruIe,
ana regulations for the proper manage
ment and regulation of its affairs as NAV he
deemed necessary and proper, and the same
TO alter and change at pleasure; aud to do
all other acts and things permitted by law.
OF as shall or may be necessary and proper
TO carry on the objects and purposes of said
| corporation.
said corporation unless sooner dissolved.
IN accordance with it's charter, shall exist
and continue for the period OF ninety-nine
years from and after the date hereof
ARTICLE II.
Thls corporation is created for the
purpose OF doing Real Estate bust
mes mess mi In buying leasing and sell
lana and elsewhere; also building houses
Tor lease or sale: cultivating agricultural
lands and developing plantations and nm
improved lands; also whatever is usual and
customary IN the creation management and
operation OF q Land Company.
ARTICLE III.
me capital stock of SAID corporation
snail be One Hundred Thousand Dollars.
divided into and represented by one 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 sub-
scrlption and the remainder at sucb |
tlhe or times as may be desig. !
mated by the board of directors. or |
the same may be issued at not less than mar
payment for
rights actually received or purchased Inv
said corporation, or the same may be issued
iull paid for money advanced, and for suchl
other valuable considerations or services as
the board OF directors of said corporation
may determines; provided, that no stock
shaiI be issued until the consideration
ca efeior has been received by the said cor
poration. WI
Any stakeholder may sell. ASSIGN or
transfer has stock in this corporation. pro-
VIued thirty 1907 days prior notice of sucb
intention to sell. assign or transfer the
,.in pe gwen TO the company, and the
.ther stockholders thereof shall have the
lrst privilege of purchasing the same. after
Nnlch thirty days notice the said stocb
nay be sold In open market.
ne stock OF said corporation NAV he
transferred, under the above conditions.
,roTlefd sucn transfer thereof be made on
ne DOCKS of said company at its office in
he city of Providence. and on the surrend-
I OF the certificate thereof.
no transfer OF any fractional part of
hare shall be made
fhe corporation shall commence doing
usfness as soon as twenty thousand doi
lr a OF tne capital stock shalf have been
lereon. p"tu
me board OF directors shall have the
gnt 10 determine how much stock shall be
sued. nan NC
ARTICLE w.
me corporate powers of this companv
IAN De vested in and exercised by a board
tnfee directors. consisting of the Presi-
mt. vice President and Secretary ana
feasurer. Two of said board shall cnnsti-
tie quorum for the transaction of bns;-
'ss. ana their decisions shall be valid cor
rate acts.
The following persons shall constitute
e first board of directors
,. s. Millikin, Presidents; J. e. Ransdeu
d Treasurer
During the absence ofthe president the
'e president shall act and preside. The
esldent. or IN his absence The vice presi-
NJ shall be the proper person upon whom I.
alton or other legal process shall be )
said board shall continue in Office until
hrst Monday in July QgO3l one thous- :
q nine hundred and three. ON which
-e and hereafter annually. a board OF di- (
TORS shall be elected on the first MONDAY !.
July OF each year. unless the same should
a legai hoilday, when the election shall
helu on the next day thereafter
>otice OF said election shall. he piven IN
ID stakeholder by the secretary. in writ,
!, az least ten days prior to each election. -
.ne BOARD OF directors shall appoint one
more stockh olders to preside at sneb,
ItIo n us commissioners. In the event
ne "a. Ialiure OF any commissioner or com
sloners 10 attend, the president shall,
nv anr MI the vacancy. Any fail
%! any cause whatever to elect
ectors the day named for that
pose shall not dissolve tbe cor.
alton, but the directors then in'l
;e' as Wei as the officers of said com
y; shail hoid over until their successors
chosen.
such event the president shall cause
lher election to be held in 80 DAYS. and
!. give notice thereof as hereinbefore
vided. ei""eiofe
! every election and meeting each
kholder shall be entitled to vote for
snare OF stock registered in his nanael
may vote by proxy.
ne election of directors shall be by bal
ma the majority in amount of votes cast
snare OF tock voted upon to be eounted
one vote, shall elect the person or per
for whom they were cast.
Tier each election the board of directors l.
erect from their own number the Off
OF said company.
be board of directors sbou horo TN
err 10 NIL vacancies in their number
seq by death. resignation or Otherwise
among the stockholders OF the eorpor-
ARrrcLH Vic
lie said board shall conduct all the busi-
oil this corporation, with full authority
ny. sell, lease. lands and houses, for cash
terms OF credit. IN Louisiana and
"nere, aud to do whatsoever is neees.
ana customary in carving out the -
cts OF THIS corporation, and 1t can dele
- ~ "a nc powers TO an agent or agents. com
= sa,u ooaiu Is turther authorized to shall
e and adopt such bylaws, rules and
iatiohs as The affairs and business Of
corporation may require. and as it may NJ
necessary for the conducting and =,
agement thereof. provided the same so &c
aw of the state or - o'i1, sel' OF Win imp
le said board shall elect or annaint a snai
etary anu treasurer, and such other -
n rs II may daan ,,ss,. 81 anus ana ter
uctIng OF the business of the corpora n ls =;
D. Their compensation, term of SER - IN
, nle .nr sap 70 dismiss them at said City
ight 10 o. and determine the salaries hara
ne several officers herein provided for. nn nl
ARTICLE vi. ston
Is charter may be changed, modified or age
lded. the capital stock increased or de- who
ed. OF this corporation may be dis geth
9 at meeting ofthe stockholders con- after
z Tor the purpose. with assent ofthree-
rs OF the entire capital stock. whether
~ or represented at such meeting.
lice OF such meeting shall he served nv
ecfeiafF on each stakeholder. in writ j. W
en- days prior to such meeting. e. b
ease Of dissolution or termination of
s., IN tra,'' limitation OF its i
atfsivs sail III sauss, lne liquidation ter o
,issian 800, - so sa ny three tied.
ifi, i've sseu llo'n the stoekhold- cord
for thas ,,,sr,, a''u &C meeting ct sc
I srfiess ss pei pose az ABOVE set forth Carr
"Reminiscences co Il WI