The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1902-09-19
ARTICLE I.

State of Louisiana. Under it's corporate name
this corporation shall have power to contract,
seal: to hold, purchase improve. ALLEVIATE,
convey, sell, borrow pledge, mortgage; lease;
and personal and mixed; to name and appoint
such officers, directors and managers as the
make and establish bylaws. rules and regula-
lions for the proper management OF It's AFFAIRS,
and to do all other acts permitted by law. or
that may be necessary and proper to carry out
the objects and purposes of its organization.
This corporation un ess sooner dissolved IN
accordance with its charter. shall exist and
continue, for a period of twenty-five years
from and after the date hereof
The president, or in his absence the secre-
tary and treasurer shall be the proper person
upon whom citation other legal process
shall be served.
ARTICLE II.
The objects and purposes for which this cor
poration is organized are declared to he to own
maintain and operate machine shops for the
general manufacture and repair of machinery
to sink wells for oil. minerals irrigation or any
same. To buy and sell all kinds of machinery
and implements, and to carry on a general
ARTICLE III.
G'he capital stock of this corporation shall
| be twenty-five thousand dollars tS25, 900 di-
and fifty shares of one hundred dollars slOO.-
OO each, which stock shall be paid for in cash
authorized to commence business as such
whenever fifty shares Of its capital stock shall
cent. of the par value of the ca ital stock sub
scribed for shall be paid for in ca sh orits equiv
balance to be paid in at such times and upon
such terms as the board of direc tors shall
designate. No stock shall in any case be issu-
ed until the consideration has been received
by this corporation.
ANY stockholder may sell. assign or transfer
his stock in this corporation provided thirty
days prior notice is, given to this corporation
and they shall have first privilege of purchas-
ing SAID "a stock or any part thereof But no
81 N rs
office at Welsh. La. and no transfer of any
fractional part of a share shall be made.
ARTICLE ".
The corporate powers of this corporation
shall be vested in and exercised by a board of
directors, three in number, consisting of
president ggice-pressident. and secretary and
stitute a Quorum for the transaction of bust
ness; and their decisions and actions, shall be
gible as a director or, officer of this corpora
ton who is not a stakeholder this corpora
ton.
The following. persons shall constitute the
first board of directors, Henry W. LAM, of
H. Boiling, of Welsh, La, secretary and treas,
This board of directors shall continue in
which date and annually thereafter a board Of
directors shall be elected, or in case the said
Notice of said election shall be given at least
published in Welsh, 7 a. In case of a failure
for any reason to hold an election on the day
until their places are filled by new election.
to be provided for by the acting board of
directors.
At every meeting of the stockholders each
stockholder shall be entitled to one vote for
each snare OF stock reglstered1n his name, an6
The election Ct directors shall be b. ballot
directors shall elect the officers of the company
ARTICLE V.
The board of directors shall have full power
to FL all vacancies in their number caused by
death, resignation or otherwise from among
the stockhol ders Of the corporation.
The, The board OF directors shall have full an
employees as it may deem necessary, and to fix
Their salaries and to confer upon them such
authority as may be wise and prOpcr. The
honrd of dlrectors shall have power to fix the
salaries of all officers herein provided for.
ARTICLE VI
This charter may lie changed or amended.
the capital stock increased or decrea sed, or
this corporation may he dissolved Mt a general
meeting of the stockholders convened for that
purpose, with the assent of three-fourths of
the capital stock either present or represented
III snch meeting: ten DAYS prior notice of such
meeting must be given as provided for in
annual elections
In case of dissolution or termination Of this
corporation either from limitation of its
charter Or from any other cause, the Iinnida-
ton of its affairs shall be conducted by three
commissioners selected from among the stock
holders, with like assent, at meeting called
for that purpose, with notice as provided for
Said commissioners shall remain in office
ll9uidated- In case of death Of one or more
of said commissioners the survivor survi-
ARTICLE VII
No stakeholder of this corporation snail ever
be held liable for any contracts or fanlts
e any Si further sum than the unpaid
stock subscribed for or owned ny him nor
shell ffor%%dty in 6; rEaPPzaion have the
exposing sto"kholder to any liability beyond