The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1903-01-22
CHARTER OF
Plain Dealing Cooperative Farmers
Union Warehouse Co., LTD.

IiaiA Ueaung C0-UperatlVe Farmers
Union Warehouse Co., It'd.
State Of Louisiana, Parrish Of Bossier.
DE IT KNOWN, That on this. the
II 18th day OF January, 1903, before
me, John G. Allen, a Notary Public,
duly commissioned and sworn, in and
for the Parish of Bossier, State OF Lou
lsiana, personally came and appeared
the parties whose names are hereunto
subscribed, all OF full age, who declared
that availing themselves Of the proyis-
ions OF the laws of this State relative to
corporations, and especially Act No. So
OF 1888 Of the General Assembly of
Louisiana, they have covenanted and
agreed, and by these presents 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 purposes and
objects and under the stipulations, ar
ticles and conditions following, to-wit:
ARTICLE I.
The name and style of this corpora
ton shall be the PLAIN DEALING CO.
OPERATIVE FARMERS UNION WARE
HOUSE COMPANY, Limited, and its domi-
cile is hereby established in the town of
Plain Dealing, Bossier parish, La, and
under its said corporate name it shall
have power to contract, sue and be sued,
to hold, acquire, receive, purchase, sell,
transfer, convey, deliver, borrow, pledge,
mortgage and hypothecate property,
real, personal and mixed; to make and
establish bylaws, rules and regulations
for the proper management of its affairs,
and the same to change and alter at its
pleasure, and to do all other acts and
things as may be necessary and proper
to effect the objects and purposes Of said
corporation.
The President, or in his absence the
Vice-President, shall DO the proper per-
son upon whom citations or other legal
processes shall be served.
This corporation shall exist for a pc
Rod OF ninety mine years, unless sooner
dissolved, in accordance with it's charter.
ARTICLE II.
The objects and purposes for which
this corporation is organized, and the
nature of the business to be carried on
by 1t Is declared to be to conduct gen
warehouse business.
ARTICLE III.
The capital stock OF this CORPORATION
is fixed at 5000, divided into 5000
shares OF 81 each, and it shall commence
business hereunder whenever S5OOof the
capital stock shall have been paid for,
All stock shall be paid for in cash at the
time Of subscription, or the same may
bedssued at par in payment or exchange
for property, rights or credits actually
received by said corporation, or the
same may be issued full paid for money
advanced and for such other valuable
consideration as the Board of Directors
may determine.
ANY stakeholder may sell, assign or
transfer his stock in this corporation,
provided 80 days notice Of such inten-
ton to sell, assign or transfer be given
the company, and the other stockholders
shall have the first privilege OF purchas-
| ing the same. The stock of said corpora
ton may be transferred under the above
conditions, provided such transfer be
made on the books Of the corporation. at
its Office in the town of Plain Dealing,
and on surrender Of the certificates.
AWHILE lVs
The affairs of this corporation shall be
vested in and exercised by a Board OF
Directors, to be elected f.om among the
stockholders of the said corporation.
The said board shall have authority to
fill vacancies in their number, caused by
death, resignation or otherwise, from
among the stockholders of the corpora
ton; they shall have full control Of all
property of the corporation; they are
authorized to frame and adopt such by
laws, rules and regulations as the bust
ness and affairs of the corporation may
require, and they shall appoint such
officers, agents, servants and clerks as
they may deem necessary to conduct the
business of the corporation, fix their
compensation, term Of service, with the
right to dismiss them at said boards
pleasure; they shall have the right to
fix and determine the salaries Of Ill
officers herein provided for.
ARTICLE v.
The following persons shall constitute
the first. Board Of Directors: r. M. =,
Wise, President; J. J. Robertson. Vice
President; J. O.. Nuckolls and A. J,
Demoss, and ]. 7. Many, Secretary and
Treasurer. They shall hold their Office
until the first Tuesday in January, 1904.
when the stockholders shall elect their
successors in Office, each stakeholder
being entitled to one vote for each share
0f St0cH rnnri ctorod ~, HE roro. AY.a.