The southern sentinel. (Winnfield, La.) 1883-1910, 1903-06-26
CHARTER.
st. Maurice Gin Company. Ltd.
,ta,e ~ Iouis,ana Parish of VIM.

State Of Louisiana Parish of VIM.
Be it known that on this the 2lst, day o.
May, A. D., One Thousand Nine Hundred and
Three, u9eS) Before ME, B. r. Allen, a Notary
Public in and for the Parish OF Winn and state
Of Louisiana, duly commissioned and QUAR-
fed. in the presence of the witnesses herein
after named and undersigned, came ana ap-
peared the several persons whose names are
hereto subscribed who declare that, ayaillng
themselves of the provisions OF the laws OF
this State relative to organizations of corpor-
ations for the work of public improvement and
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, 10 form ami
constitute corporation and body polite in
law for the objects and purposes and under
the agreement and stipulations following:
ARTICLE I.
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
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, 10 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 IL.
The domicle of this corporation shall be in
st. Maurice, Winn Parish La, at n 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
withth 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 Q500.Oo) Fifteen Hundred Dollars
have been subscribed. Said capital stock may
be paid for in cash, its equivalent real estate,
personal property or services rendered. Ali
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
at an annual meeting to be held
he GrSt w. An ~ ~
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 quail
fed.
The Board Of Directors shall elect Presi- |
lent and Genl Manager who shall have power |
% employ and discharge all laborers under 4
him NEEDED in the affairs of administration of |
his corporation and to fix the salaries for /
UGH.
ARTICLE VI.
All elections shall be by ballot and each |
shall be entitled to one vote for
ach share held by him, and shall be entitled
o vote either in person or by written proxy at
II meetings OF the stockholders. meeting
the stockholders shall be given by written
office through the mails addressed to each
tockholder.
ARTICLE VII.
Whenever two-thirds of the stock owned by
ne or more Of the stockholders of this corpor-
ton shall be DESTROYS OF terminating this
harter this corporation shall be dissolved:
ut the vote thereof shall be taken at a gem
raj meeting Of the stockholders after due
Office Of the time and purpose of such meet
lg. Whenever dissolved or by limitation
erein above expressed the affairs of this cor :
oraticn shall be iquidated by three liqui- ,
aaors appointed for that purpose by the .
at such meeting herein above re-
,rred to.
ARTICLE VIII.
No stakeholder Of this corporation shall ever
9 held liable or responsible for the contracts
faults Of this corporation in any greater
Am than the unpaid balance due by him on
'e stock subscribed for, nor shall any infor-
ality or irregularity in the organization of
lis corporation have the effect Of rendering
lis charter null or exposing any stakeholder
greater liability than the unpaid balance
re on his stock.
Thus done and passed at my Office in the
wn Of st. Maurice, winn Parish, State of
:, This 2lst. day Of May, A. D., 1903. First
'ove written In the presence OF Irwin Nc
IN land Ed Gilcrease. competent witnesses
siding in the the town, Parish and State
oresaid, who have signed their names with
. apPearers and me Notary after reading
e whole.
I. L. Cresswen oshares
". w. O,Neal /.
8. w. Teddlie 10
W. N. Teagle 10 9"