The southern sentinel. (Winnfield, La.) 1883-1910, 1903-06-19
CHARTER.
St. Maurice Gin Company. Ltd.



State of Louisiana Parish of Winn-
Re it known that on this the 2lst, day OF
May. A. D., One Thousand Nine Hundred ana
Three. 1893 Before me, B. r. Allen. Notary
Public in and for the Parish of Winn and State
Of Louisiana, duly commissioned and quail
fed. in the presence of the witnesses herein-
after named and undersigned, came and APP
reared the several persons whose names are
hereto subscribed who declare that, awaiting |
themselves of the provisions OF the laws oil
this State relative to organizations of corpor- |
ations for the work of public Improvement ana
utility and relative to the organization of cor
porations generally they have convenanted and
agreed and by these presents do covenant
and agree and bind and obligate themselves
As well as such other persons as hereafter
become associated with them, to form ana
constitute corporation and body polite in
law for the objects and purposes and under
the agreement and stipulations following:
ARTICLE L.
| The name and title OF this corporation hereby
formed is declared to be ''St. MAURICE GIN
| CO.. LTD under which name it shall have
and enjoy succession for period OF Ninety
Nine years, unless sooner dissolved, and shall
have and exercise for the purpose OF business
TO be carried on by it, all the powers conferred
| by law upon corporations including the pow
| ers to purchase, sell, mortgage. lease and
pledge real and personal property in the pros
ecution Of its business, to contract, sue and be
sued, to make bylaws for its government and
| generally exercise all the powers necessary or
convenient in carrying on its business.
| ARTICLE H.
1 -t.,I IL So,
St Maurice Winn Parish La, at point near
the Railload tracks convenient for shipping
seed to be decided by the Board of Directors.
| ARTICLE Ill
The object and purpose for which this cor
poration is formed and the nature of the bust
ness to be carried on by it, is hereby declared
to be public ginnery.
ARTICLE ".
The Capital stock of this corporation is here
BY fixed at 100000 Three Thousand Dollars
with the privilege of increasing said capital
stock to 100000 Give Thousand Dollars,
divided into shares of $500 par value each.
Operations under this charter shall commence
whenever Q5O000) Fifteen Hundred Dollars
have been subscribed. Said capital stock may
be paid for in cash or its estate,
personal property or services rendered All
transfers of stock shall be made on the books
| of the corporation on surrender of the out
standing certificate, persuant to such rules
and regulations as may be adopted by the
board of directors.
: ARTICLE v.
All corporate powers shall be vested IN a
board of five directors to be elected by the
stockholders at an annual meeting TO be held
the first Monday in August of each year The
first board of directors shall be elected when
2 sufficient stock has been subscribed to erect
and put in operation said gin, who shall hold
Office until the annual meeting, or until their
, successors have been duly elected and quail
fed.
The Board of Directors shall elect a Presi-
dent and Genl Manager who shall have power
to employ and discharge all laborers under
9 him needed in the affairs of administration OF
: this corporation and to fix the salaries fo'
| such.
ARTICLE vi.
All elections shall be by ballot and each
tockholder shall be entitled to one vote for
each share held by him, and shall be entitled
to vote either in person or by written proxy a.
all meetings OF the stockholders. A meeting
of the stockholders shall be given by written
notice through the mails addressed to eacl
| stakeholder.
ARTICLE VII.
Whenever two-thirds of the stock owned by
: one or more Of the stockholders of this corpor
y alton shall be DESTROYS of terminating tins
charter this corporation shall be dissolved
but the vote thereof shall be taken at a gen
erai meeting of the stockholders after du,
notice of the time and purpose of such meet
inc. Whenever dissolved or bv limitation
- -, nF
% poration shall be liquidated by three hqui
Il dators appointed for that purpose by thu
% stockholders at such meeting herein above re
ferred to.
ARTICLE VIII.
No stakeholder of this corporation shall eve
be held liable or responsible for the contracts
or faults of this corporation in any create
sum than the unpaid balance due by him OIL
20 the stock subscribed for, nor shall any infor
20 mality or irregularity in the organization o
. this corporation have the effect of rendering
~ this charter null or exposing any stockholde
to greater liability than the unpaid balanc
due ON his stock.
= Thus done and passed at my office in tn
= town of st. Maurice, winn Parish, State o
/ La, This 2lst. day of May, A. D., 1903. FRS
above written in the presence of Irwin Nc
| Can land Ed Gllcrease, competent witnesse
y residing in the the town, Parish and Stat
81 aforesaid, who have signed their names wit
~ the appearers and me Notary after readin
y the whole.
y T. l.. Cresswen ......... 2Share
ne WV. O'Neal ---.......-....-.-.
~ w. Teddlie ......-........-.....--. 10 $
N. Teagle--.-..........- 10
NJ. H. Taylor.--.............- 10
Walton Mccain
4 C. NJ. Mccain, per w. Mccain ---...
r. W. Woods.-.-.....-....- 10