The southern sentinel. (Winnfield, La.) 1883-1910, 1903-07-10
CHARTER.
St. Maurice Gin Company, Ltd.
uisiana Parish OF VIM


State Of Louisiana Parish Of VIM.
Be it known that on this the 2lst, day Q
May, A. D., One Thousand Nine Hundred ant
Three, Q90S Before me, B. B. Allen, q Notar.
Public in and for the Parish Of Winn and Stat.
Of Louisiana, duly commissioned and quail
fed, in the presein OF the witnesses herein
after named and uIllersigned, came and ap
peared the several persons whose names ar
hereto subscribed who declare that, awaiting
themselves Of the provisions of the laws o
this State relative to organizations Of corpor.
ations for the work Of public improvement and
utility and relative to the organization Of cor.
purations generally, they have convenanted and
agreed and by these presents do convenant
and agree and bind and obligate themselves
as well as such other persons as hereafte,
become associated with them, to form and
constitute a corporation and body polite in
hw for the objects and purposes and under
the agreement and stipulations following:
ARTTCLEI.
The name and title Of this corporation hereby
Termed is declared 70 be est. 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 Ipurchase, 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 an the powers necessary OF
convenient in carrying on its business.
ARTICLE II.
The domicle Of this corporation shall be in
st. Maurice, Winn Parish La, at q point near
the Railload tracks convenient for shipping
seed to be decided by the Board Of Directors.
ARTICLE III.
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
70 be public giunery.
ARTICLE w.
The Capital stock Of this corporation is here
BY fixed ut 10000 Three Thousand Dollars,
with the privilege of increasing said capital
stock to 100000 Five Thousand Dollars
divided into shares OF $500 par value each.
Operations under this charter shall commence
whenever u50o.oe) Fifteen Hundred Dollars
have been subscribed. Said capital stock may
bepaid for in cash or its equivelent,real estate,
personal property or services rendered. All
transfers of stock shall be made on the books
Of the corporation on surrender OF the out
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 81 An annual meeting to be held
the first Monday In August Of each year. The
first board OF directors shall be elected when
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 quali-
The Board of Directors shall elect a Presi-
dent and Gen1 Manager who shall have power
e s employ ana 81 dlscn1aIge all laborers under
such.
All elections shall be BY ballot and each
tockholder shall be entitled to one vote for
each share held byshim, and shall be entitled
to vote either in person or by written proxy at
al meetings OF the stockholders. A meeting
s e sSs s malls ss z s
ARTICLE VII.
Whenever two-thirds Of the stock owned By
one or more Of the stockholders Of this corpor-
charter this corporation shall be dissolved !:
but the vote thereof shall be taken ct d ZEN
eral meeting of the stockholders after due
notice Of the time and purpose Of such meet
ing. Whenever dissolved or by Limitation
herein above expressed the affairs Of this cor
poration shall be liquidated BY three liqui-
dAtors appointed for that purpose by the
stoekholders at such meeting herein above re-
ferred to.
ARTICLE VIM.
No stakeholder of this corporation shall ever
be held liable or responsible for the contracts
or faults Of this corporation in any greater
sum than the unpaid balance due BY him on
the stock subscribed for, nor shall any infor-
mAlity or irregulafity in the orRanization of
this corporation have the effect Of rendering
this charter null or exposing any stockholder
70 greater liability than the unpaid balance
due ON his stock.
Thus done and passed at nv ONCE in the
town Of St. Maurice, VIM Parish. state of
!s This nst. day Of May. A. D., leos. First
Can land Sd Gilcrease. Competent witnesses
residing m the the town, Parish and State
aforesaid, who have signed their names with
ne appsasers and me Notary after reading
r. 4. ffrsssyxefl n g.