The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1902-04-17
CHARTER OF SLIGO STOCK
COMPANY, LIMITED.

Stale OF LOulSlana-FaE1Sn OF CaQQO.
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-dfth, before me, r. D.
Webb, 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. &c,
(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 corporation and
body polite in law for the purpose and
objects and under the stipulations, arti-
Giles and conditions following, to-wit:
ARTICLE /.
The name and title of said corporation
shall be the Sligo Stock Company, Linz
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 it's 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
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
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 the sum Of one hundred
dollars each, which said stock shall be
paid for in cash or property, rights or
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
OF 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 Of same.
ARTICLE4.
The stock of said CORPORATION may be
transferred under the above conditions,
provided slch transfer be made On the
books Of said company at its Office at
Sligo, Bossier parish, La, on surrender
CT the certificates thereof. This corpo-
ration shall begin business as soon as the
capital stock shall have been subscribed
and paid in. The corporate powers OF
this corporation shall be vested in and
exercised by a Board of Directors, each
of whom shall be stockholder in the
corporation. The following persons shall
constitute the first Board OF Directors
John A. Skannal, Henry Skannal and
r. N. Cunyus, with John A. Skannal as
President, Henry Skannal as Vice Pres
| ldent and Manager, and r. N. Cunyus
as Secretary and Treasurer; which Off
GERS and Board of Directors shall hold
their Offices until list Monday in January
1903, or until their successors shall have
been duly elected and qualified. On the
first Monday in January, 1903, and there
after annually, Board of Directors shall
be elected, unless the same be legal
holiday, when the election shall be held
on the next legal day thereafter. Notice
OF such election shall be given by ten
| days publication proceeding each elec-
ton in one OF the newspapers published
in Bossier parish, La. The Board Of
Directors shall appoint one or more
stockholders to preside at such election
! as commissioners, and in the event Of
failure OF any commissioner to attend
the President shall, by appointment, fill
the vacancy. Any failure from any
cause whatever to elect directors the
day named for that purpose shall moi
dissolve said corporation, but the direc-
tors then in office, as well as the officers
OF said company, shall hold over unit
their successors are chosen. In the even,
| OF failure to elect on the day named
the President shall cause another election
to be held within thirty days, notice Of
| which shall be given as before provided
At every election and meeting each
stakeholder shall be entitled to one vote
for each share of registered stock in his
name. The election for directors shall
| be by ballot, and the majority in amour,