The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-06-27
CHARTER
LOUISIANA BLACK PRAIRIE
LAND CO., LIMITED.
UNITED STATES OF AMEGiCA.J
STATE OF LOUISIANA
PARISH OF ST. MARY, :.

= > ~ A.
STATE OF LotIsjA>t.>
PARISH OF ST MARY, ). :.
CITY or FRANKLIN.
lie it known that on The I'D day oI june
A. D. 1908 and of the Independence OF tn,
United states, the one hundred and twenty
seventh. the parties whose names are mere
to subscribed, awaiting themselves of the
rights and privileges granted by ana con
tanned in the statutes of the ~tatc Of Louis
lana, have contracted, cnTcnantcd and
agreed and by these presents 90 contract
covenant. aud agree ana bind themselves a.
we'll is sGch other persons rs may hereafter
! become associated with them to form and
I constitute a corporation or body politics in
NV tor the objects and purpose. and under
the articles and .tipulatiCns following, to
Wit:
ARTICLE J.
The palae OF this corporation shall he the
! LOUISIANA BLACK PRAIRIE LAND CON
pANG, (LlMiTEDJ o. Franklin, La, and uiI-
! der its corporate nam" >hal! have pcH ~
! and authority to have and ENJOY succession
( inr the full term and period Of NlNtIH
NINE years froIa and after the date ncrcGf,
to contract, sue and be sued, to MAKE ANA
use a corporate seal, and the same to bTe"i,
or alter at pleasure: 10 hold, receive. lease,
purchase and convey a. well a. mortgage
ara hypothccate property, real, personal,
or mix ed, corprrcal or Incorporeu!, to name
and appoint such managers, agents, dIreG-
tors and otner officers a. It's business inter
| cNt> and convenience may require. and 10
make ana establish, as well as alter and
amend from Time to time, sHch bylaw ;,
rules aTd regulations for tie proper govern =
! q q corporal.
as mag be necessary and proper.
ARTICLE II.
The doInicile OF this corporation slial! be N
the city OF franklin, Parish Of st. Mary,
state OF louisiana and All citations ami 9th
| er legal process Shall be served upon the
| President of said corporation, or in the
event Of his absence upon the |ice-brcsi-
d"nt thereof, and in the absence OF both of
! SAID officers, upon the Secretary Vi said cor
porat!cn.
nj i,its91
corporate ION 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 unlnproycu
! lands situated III the State OF Louisiana,
also to construct canals or waterways tor
the purpose OF supplying water for agricui-
turaI purposes ana to construct cams, di,tS
ana other necessary drainage works for The
| purpose Of draining lands, to promote imi-
| grafton and to raise farm products, and to
| buy ana sell the same ANA to buy ANA sell,
| own, lease, construct and operate mines and
| mineral oil wells and to refine and otherwise
| manufacture mineral Oils and minerals and
! their by products and to that end to lease.
| own, construct operate reIineritS and manu-
factories and to store, warehouse, and trans
| port mineral oils for hire BY means OF pipe
| lines, vessels, bargeS end tank cars and to
| that end to lease, Own, control and operate
/ pipe lines, railroads. traMways, pumping
| stations, storage tanks, tank cars, barges,
| vessels, wharVes, warehouses, ana generally
to hold and exercise all incidental powers
| and privileges relate to the objects ana
| purposes herein set forth. Tie corporation
| shall also have power 20 sell, mortgage, by
| pothecate and bond any of its property, be
! It real, personal or mixed
! ARTICLE ~.
I Tile capital stock oI the corporation is
| heIsGy nNeG a. the sum OF FIVE HCNDltED
TEJSAND DOLLARS to be divided INTO
ard represented by FIVE HUNDRED
| THOUSAND shares of stock Of the tAce value
| OF Sl.Uo each, which SAID stock shall be paid
| tor Ill casn at such times and in such
! amounts and after such notice to the sub
| scriDers as may be i1xcd by the Board of
! Directors and the same may be pad for in
| real or personal property, notes, bonds,
| mortgages or any other property which the
, Board OF Directors may approve. it IS eX
| Iressly understood and agreed however
| mat at least Twenty i've (2JJ per cent OF the
| capital stock shall be held as Treasury Stock
! which said stock shall be disposed OF by the
Board of Directors at Sucn times for cash,
and i'll sGch manner and upon such notice |
and for such prices AS said Board shall deem
best and tue proceeds thereof shall be used !
tor the purpose of defraying the expenses OF !
the corporation for any corporate purpose |
whatsoever. III stock of this corporation |
shall be full paid and non assessabie. This |
corporation shall be authorized to exercise |
All corporate powers when Sl5,0OO.00 is sub
scribed.
All the powers OF said corporation shall be |
vested in and exercised by the Board of Di-
rectors to be composed Of NINE 90 Stock
holders to be elected annually on the first
Monday in july in each year, ana the nrSt
Board of Directors apo. nted in this cEalter
shall hold their offices until the first Monday
IN July 1894. All such elections shall be by
ballot and conducted at the Office OF SAID
corporation under tine supervision OF three
commissioners to be appointed by the Board
OF Directors. Notice Of such election shall
be given by written notice mailed to each
member by the Secretary not more than
fourteen nor less than ten days prior to such
election in one or more news papers publish
ed in the City of Franklin, IN the state of
Lou iSiana.
Every stakeholder shall be entitled to one
vote Tor each share OF stock standing in his
name on the books of inc company, to be
cast Ill person or by proxy, and "A majority
Ct the VOTES cast sua!i eject. Any vacancy
occurring among the Directors by death.
resignation or otherwise shall be niled for
the fefianCer OF the term OF the Board by
w ititia!!ling directors. failure to elect
directors on the date specified shall not
uI9soivc tiio corporation, but the directors
tnSn lii once snail remain in Office until
their successors are elected and qualified.
the hrst Board of Directors named in this
Cnarter shaii immediately upon the organi-
eaton or this company, anu the Board OF
Directors thereafter elected, snail elect from
their own number a President and shall also
eject Secretary and ii Treasurer who may
or may not be a member of the Board Tine {
Board OF Directors shall have the power !:
either to combine separate the offices of :,
the secretary and the Treasurer
SAID Board of Directors may appoint from
time to time, such officers CLERKS or agents /
ana othef employees as they may ueeu q
le .t3 Tor the purposes ana business of
/
he pleasure of the Board.
1he Board may make and establish as
ven as alter and amend, any and all by-
avs, rules and regulations necessary and
proper for the support and management of !
he business and the affairs of the CORPORA. !
ION. SAID Board SHAH have the power and
to borrow money, execute 1aort.
'ageS ana create liens, issue notes or other
and generally to do all things
easonaDle or necessary tor the proper car T
ylng on or the business OF said corporation L
nd also TO issue and deliver full paid shares
I stock for cash, or in payment of labor
one or property actually received by
he said corporation. Each director
nail have authority to appoint in writ
ng q proxy to represent him at all
icetlngs of the Board.
ARTICLE VI.
Whenever this corporation NAV be, o
issolved, either by limitation or from r
ny other cause, its affairs shall be Ii
by three commissioners to be al
ppo'nted from amongst the stock 81
oiders at general meeting of stock n,
olders convened for such purpose of D.
mich meeting notice shall be given in Sc
ne manner and time provided for by "
rtlcie VII, Of this Charter and major til
" IN amOunt If ,ha 20 n; Al ,t.,,l- ~ ~