The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1902-04-03
CHARTER OF SLIGO STOCK
COMPANY, LIMITED.

State OF Louisiana-Parish of Caddo.
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
availing themselves of the provisions of
the laws of this State relative to corpo-
rations, and especially of Act No. 80,
(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 well 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:
The name and title of said corporation
shall be the Sligo Stock Company, Linn
tied, and its 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
years 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
this 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
such real and personal property as may
be deemed necessary or convenient for
its business.
ARTICLE 3.
The capital stock OF this corporation
shall be twelve thousand dollars, divided
into and represented by one hundred and
twenty shares of he 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 be
issued until the consideration thereof
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 such
intention to sell, assign or transfer the
same be given the company, and the
other stockholders thereof shall have the
first privilege CT same.
ARTlcEE4.
, The stock of said corporation may b.
transferred under the above conditions
provided such transfer be made on the
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 subscribed
and paid in. The corporate powers o
: this corporation shall be vested in ant
exercised by Board of Directors, eacl
of whom shall be stakeholder in thu
corporation. The following persons shall
constitute the first Board Of Directors
John A, Skannal, Henry Skannal AM
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 1st Monday in January
1903, or until their successors shall hav
been duly elected and qualified. On tn
first Monday in January, 1903, and there
d after annually, a Board OF Directors shal
!. be elected, unless the same be legs
holiday, when the election shall be hel
on the next legal day thereafter. Motto
of such election shall be given by tie
days publication preceding each cleo
IIOA III Ouo VI tuc newspapers puDuSue
in Bossier parish, La. The Board {
r Directors shall appoint one or nor
stockholders to preside at such electio
as commissioners, and in the event (
failure of any commissioner to attend
It the President shall, by appointment, ii
a the vacancy. Any failure from an
: cause whatever to elect directors til
1t day named for that purpose shall NJ
dissolve said corporation, but the diree
tors then in Office, as well as the office
of said company, shall hold over unit
. their successors are chosen. In the eve,
OF failure to elect on the day name,
- the President shall cause another electic
to be held within thirty days, notice
which shall be given as before provides
> At every election and meeting eae
1 stakeholder shall be entitled to one vo
for each share of registered stock in b
name. The election for directors sha
be by ballot, and the majority in amour
TT of votes cast each share of stock vott
upon to be counted one. vote shall ele
the person or persons for whom the
VI have been cast. After each election ii