The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-07-04
BLACK PRAIRIE
LAND CO., LIMITED.
UNITED STATES OF AMERICA,
STATE OF LOUISIANA,
PARISH OF ST MARY, S.
frITN ar

A. D., 1903 and of the Independence of the
United States, the one hundred and twenty
seventh, the parties whose names are here
to subscribed, availng themselves OF the
rights and privileges granted by and con
tanned in the Statutes OF the state OF LOUIS
lana, have contracted, cOvenanted an0
agreed and by these presents do contract
covenant, and agree and bind themselves as
well as such other persons AS may hereafter
become associated with them to form and
constitute 4 corporation or body politics in
law for the objects and purposes and under
the articles and stipulations following, to-
wit:
The name Of this corporation shall be the
LOUISIANA MACK PRAIRIE LAND COM
PANY, (LlMITED,) Of Franklin, La. and UNI
der it's corporate name shall have power
and authority to have and enjoy succession
for the full term and period of NINETY
NINE years from and after the date hereof,
to contract, sue and be sued, to make and
use corporate seal, and the same to break
or alter at pleasure; to hold, receive, lease,
purchase and convey as well AS mortgage
and hypothecate property, real, personal,
or mixed, cOrporeal or incorpOreal; To name
and appoint such managers, agents, direc-
tors and other officers AS its business inter
ests and convenience may require, and to
make and establish, AS we'll as alter and
amend from time to time, such bylaws,
rules and regulations for the proper govern
ment of the affairs of the said corporation
as may be necessary and proper.
ARTICLE III.
the City of Franklin, Parish Of st. Mary,
state of Louisiana, and all citations and 9TH
er legal process shall be served upon the
President of said corporation, or, in the
event of his absence, upon the Nlce-Presl-
dent thereof, and in the absence of both OF
said officers, upon the Secretary Of said cor
poration.
ARTICLE Ill.
The objects and purposes for which this
corporation is established and the nature of
the business to be carried on by it are hereby
declared to be to buy, own. convey, lease,
improve, develop improved or un!mproved
lands situated in the State OF Louisiana,
also to construct canals or waterways for
the purpose of supplying water for agricul-
tural purposes and to construct dams, diEes
and other necessary drainage works for the
purpose of draining lands, to promote imi-
grafton and to raise farm products, and to
buy and sell the same and to buy and sell,
own, lease. construct and operate mines and
mineral oil wells and to refine and otherwise
mineral oils and minerals and
their by prOducts and to that end to lease.
own, construct, operate retneries and manu-
factories and to store, warehouse, and trans
port mineral oils for hire by means OF pipe
lines, vessels, Darges and tank cars and to
that end to lease, own, control and operate
pipe lines, railroads, tramways, pumping
stations, storage tanks, tank cars, DargeS,
vessels, wharyes, warehouses, and generally
to hold and exercise all incidental powers
and privileges as relate to the objects and
purposes herein set forth. The corporation
shall also have power TO sell, mortgage, by.
pothecate and bond any Of its property, be
1t real, personal or mixed.
ARTICLE ".
The capital stock of the corpo:ation is
hereby fixed a: the sum Of FIVE HUNDRED
THOUSAND DOLLARS to be divided into
and represented by FIVE HUNDRED
THOUSAND shares of stock OF the face value |
Of s1.Uo each, which said stock shall be paid |
Or in cash at such times and in such |
amounts and after such notice to the sub |
;crbers as may be fixed by the Board of !
Directors and the same may be paid for in |
'eal or personal property, notes, bonds, |
mortgages or any other property which the |
5oard OF Directors may approve. 1t is eX-
1ressiy understood and agreed however
;apital stock shall be held as Treasury Stock |
which said stock shall be disposed OF by the
SOard OF Directors at such times for cash,
md in such manner and upon such notice
md for such prices AS said Board shall deem
'est and the proceeds thereof shall be used
or the purpose of defraying the expenses of
he corporation for Lny corporate purpose
All stock of this corporation
hall BIZ full paid and non assessable. This
corporation shall be authorized to exercise
II corporate powers when $l5.OO0.W is sub
cribed
ARTICLE "
All the powers OF said corporation shall be
estcd in and exercised by the Board of Di-
ectors to be composed of NINE ~ Stock
olders to be elected annually on the first
londay in July in each year, and the first
GARD of Directors appointed in this chatter
hall hold their offices until the first Monday
l July 1904. All such elections shall be by
allOt and conducted at the Office of SAID |
DrporatiOn under the supervision of three
to be appointed by the Board
Directors. Notice of such election shall |
Q given by written notice mailed to each I
lelnDer ny the Secretary not more than ,
'nrteen nor less than ten days prior to such
ection in one or more newspapers publish
in the City of Franklin, in the State Of
OuiSiana.
Every stakeholder shall be entitled to one
1te for each share Of stock standing in his
anne on the books Of the company, to be
lst IN person or by proxy, and majority
the votes cast shall elect. Any vacancy
;curring among the Directors by death,
or otherwise shall be filled for
u remainder Of the term Of the Board by
e remaining directors. failure to elect
rectors on the date specified shall not 7
ssolve the corporation, but the directors
IN i'll Office snail remain in Office until q
eir successors are elected and qualified.
larter shall Immediately upon tho Organf- 1
tiOn OF this company, and the Board of l
rectOrs thereafter elected, shall elect from I
cir own number a President and shall also :,
Get Secretary and Treasurer who may
may not be member Of the Board. The o
'ard OF Directors shall have the power 3
tner 70 combine or separate the offices of \,
e Secretary and the Treasurer.
Said Board of Directors may appoint from
lie to time, such officers, clerks or agents h
d other employees AS they may deem !.
cessary for the purposes and business of = !.
III cOrporptiOu and who shall hold office ut A
e pleasure OF the Board.
me Board may make and establish, as
III as alter and amend, any and all by
vs., rules and regulations necessary and .
Oper for the support and management of
business and the affairs of the corpora
p. said Board shall have the power and
thorlty TO borrow money, execute mort.
yes and create liens, issue notes or other
legations, and generally to do all things
lSODaDle or necessary for the prODer car. | r,
ny on OF the business of said corporation, q
! also to issue and deliver full paid shares
stock for cash, or in payment Of labor
no or property actually received by
, said corporation. Each director
III have authority to appoint in writ
proxy to represent him at all
etings Of the Board.
ARTICLE vi.
Whenever this corporation may be OF
solved, either by limitation or from P,
other cause, its affairs shall be til
Undated by three commissioners to be ar
pointed from amongst the stock su
ders at o general meeting Of stock ne
ders convened for such purpose of pc
ich meeting notice shall he given in so
manner and time provided for by VI
icle VII, of this Charter and major. tn
in amount of the capital stock of said of
npany represented ut such meeting or
ii DO requisite to elect. Said COM 81
'sloners shall remain in Office until th
affairs of the said corporation shall an
e been fully liquidated. In case of wi