Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1902-07-11
ACT OF INCORPORATED
-0F THK--
fEESAS COTTON eOA0grSS C0NplgF
STATE @foUIsIANA.
'AIE~LoCIaANA,


m
after named and undersigned, personaIlv
came and appeared tife ser erai rsrsens. v.he-e
names IRE hereunte subscribed, and vh1 sew.
efafly declared, that .avaiIing Themselves a.
the laws and Constitution 81 the State n ~
louisiana, in such cases made and PROVIDED
they contract and agree, and by these pres,
ents eind themselves as well as such pernon~
as may hereafter become associated w.
j them to form and constitute a corpora inn
and body Polite In law Tor the sbjec,s and
aiatiom fshoSing, to-wit;
ARTICLE L.
4 Thename and title Of this Corpa r.t;or -,
be TEE 1EEsAs COTTON COMPRFSs
COMPANY, and by said nrlne said uofnSr.
istence for and during Inc fun term Of n;nss, :,
nine years, from tho date of this act. uniesys
sooner dissolved, and by said name NAV corr
| tract and sue and be sued. 80
Said1ruxporation shall have power TO MAIN
and use a corporate seal, and the same to-aIS
ter at pleasure, also 70 hold, lease, purchase
sell and convey, as well as nrs7ftpag e ami nv,
pothecate, under its corporate Xf,,s,a 80,
and personal property, also to borrow monev
and give security therefor, also to make con.
tracts and receive grants and donations ~
lfeal and personal property, also to name AMI
fappofnt sdch risfrsgers- d freetors and Officers
las its interests and convenience may reouis,a
| also TO make and establish such bylaws ana
rules for the proper management and for the
REGULATION Of the affairs Of the said coruoraS
ton as may be necessary and proper, also to
possess and exercise ali ether powers ana
! privileges which Corporations 81 a sinik.r
l'character are or may be authorized to p0ssssss,
and exercise under the laws and Constitution
OF the State of Louisiana.
ARTICLE III.
The place chosen fof'ehe domIcle of this
corporation is st. Joseph, IN tie Parish Of
Tensas, State Of Louisiana.
ARTICLE III.
The purposes for which said corDoratiot,
has been organized are as follows to-wit.
Wolocate, construct, purchase, own main
the Village OF ST. Joseph, In 'fensas narish
State OF Louisiana, and to this end and for
this purpose, TO locate, construct and main
tain, such buildings, warehouses, platforms
rail road switches or side tracks, and All an,
purtenances and accessories necessary for ~
incidental to the business of conducting and
PGPefanng a cotton compress.
To purchase, own, maintain and -tuerate
anu 10 anenate, mortgage or pledge all ma
chlnery such as presses, boilers, pumps.
connections etcetera, appurtenant and neces
sary 20 the business herein established
To press, store, weigh, sample and class
cotton and TO make and Observation-Disclosures
therefor as may be fixed by the authority
hereinafter provided for, teswit. Che Board
Of Directors DV"Au
To obtain or receive by purchase, grant.
gilt, or exchange both real and personai
property for the objects, purposeS intenfs
anu business Of she corporation, and the
same TO sell, part with, ALLEVIATE or convey.
property on its own credit, for the purI,fse
OF constructing maintaining aud eperafinsr |
the business herein provide for and as eyi. !
dence OF such indebtedness OF said CORPORA |
ton for such loans or for the purchase lease
or construction of such property to issue its |
corporate bonds or promissory notes, bear
lng interest at such Lates per annum as the i
said corporation may elect, payable at such
times and places as may be agreed upon and /
Tor the security of such bonds or notes, and /
its property, its capitalstock, its corporafe /
franchises, and any or M of its real or per-
sonal property, or both.
All citations shall be served upon tho PresI-
dent, or, In his absence, upon the Vice presi |
Dent or the Secretary and Treasurer of said |
corporation, ortpon any such other person |,
a. nAay De determined by said corporation
ARTICLE Nv.
SECTION ONE. The amount of the capital
STOCK OF the said corporation shall be TTIIR-
TY FIVE THOUSAND 1875, 900. oOl DOLLARS.
divided into THREE HU.JDRED AND FIFTY
81 SaAkES OF the par value of ONE HUNDRED
DOLLARS each. This Nharter shall become
operative and the said corporation shall COM
menoe business as soon as TWENTY THOU
= N DoLLARS Of its capital stock shall
SECTION TWO. The time and manner NJ
paylng SUBSCRIPTIONS Tor stock of the said
corporation shall be determined by the Board
on directors, except that no stock shall be
issued oy the corporation unless IL be for
money or property actually received or for
abor performed. W
part OF any subscriber to paw the whole or
any portion of his subscription at the time 0flH
- tne manner fixed by the Board of Directors,
ne snares OF stock subscribed for Nv him,
md all payments therefore made thefeoa Ie
may 81 their option, be forfeited to the cor ]
s1., ey the Board Of Directors, after
service OF written notice on the DELINQUENT
subscriber and failure on his part to paw the
balance due.
SECTION FOUR. No stockholder of said :
corporation shall ever be liable or held re- {
'ponsible for its contracts or faults IN anv
urther sum than the unpaid balance OF the !
mares OF STOCK owned by him; nor shall in !
II rendering this charter null, or exposing .
stockholder to any liability bevond the 2
S OF the stock subscription, subscribed
ARTICLEv.
The corporate powers of this cerporafion
nan pc vested In Board of Directors conn c
,osed OF nye members. The first Board Of | b
, ns shall consist of and be composed s
,I, constituted as follows; Charles G. Cor s
III, Wlulam Nj. Davidson, Joseph Curry | a
oseph >. Rodriguez and Robert WorreIl.
Inc y, directors herein named shall hold office
MIL the LIST Monday in the month of June.
s0S. On the LIST Monday in the month of June. a
sO5, and annually thereafter on the Ist Mon | @
= ay =. IN June on each year a general meeting .
Ire eoOckholders Of said corporation shall | p
e held, and there shall be selected from b
mong the stockholders, as many directors Il
serve during the ensuing year as win be q
ecessaTy 70 complete the Board. Notice of II
ne meeting shall be given by publication In
newspaper published in the VILLAGE Of 81.
osepn, Parish OF Tensas, La, for fully ten
AT all elections, the vote OF a majority of Il
ne STOCK present and represented shall be Y
ecessary to electy and the majority 81 the 5.
standing stock OF the corporation shah 2
9 necessary to constitute a quorum at such g
lection, and such stakeholder shall be en- =
I eltn 70 cast, either in person or by proxy y
ne vote Tor each share of stock held by him u
us not 70 vote on any share of stock trans !,
ysred within ten days prior to an election u
II directors shall continue In office until e!
lelr successors are elected and indicted into 4.
nee me directors shall elect one Of their u
on,per 70 DC Fresident OF said Company, and =,
nother 70 be Vice President, and may elect u u
ON among themselves or aDpoinf from "
theirs who are not directors one person to NJ
E secretary and another TO be Treasurer OF o.
ssttions. Said Board of Directors NAV also
ppolnt an assistant Secretary and an assist
ny treasurer or one to NIL both positions
no me person TO be so appointed need not TO
. seoeknoider or director Of said corpora
SAID Board may also appoint such officers
. 1ll ptoyees as IL may deem necessary. It
,sa nave me power to oil all vacancies oc-
irring IN lie own body, to make all neces-
Try bylaws. rules and regulations for the
overnment OF the business and affairs Of the
llo corporation, and to change the same At
easure, as It may determine
ARTICLE vi.
This corporation may be dissolved nv the
SEM OF three-fourths Of the amount OF the
y -standlng capital stock at a general meet
g convened for such purpose after thirty
sys notice shall have been given Of such |
eeung oy advertisement, in a newspaper
~ nalsst IA the village Of st. Joseph, La.
= =. and form provided by the general laws OF Js
Is state for the increase Of the capifaT stock til
such corporations. q
y IL, may be diminished in amount after COM A.
n,s Win the same requirements prescribed th
the general laws Of this State for the in | &C
sase Vi tne capital stock OF such corpora 81