The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1903-02-26

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 it's
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 be the proper per-
son upon whom citations or other legal
processes shall be served.
This corporation shall exist for a Pc
Rod OF ninety-nine years, unless sooner
dissolved, in accordance with its charter.
ARTICLE II.
The objects and purposes for which
this corporation is organized, and the
nature OF the business to be carried on
by it is declared to be to conduct gen.
eral mercantile, manufacturing and
warehouse business.
ARTICLE III.
The capital stock of this corporation
is fixed at $1,000, divided into 5000
shares OF 81 each, and it shall commence
business hereunder whenever 5000 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
be issued at par in payment or exchange
for property, rights OF 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
it's Office in the town of Plain Dealing,
and on surrender Of the certificates.
ARTICLE ".
The affairs of this corporation shall be
vested in and exercised by a Board of
Directors, to be elected from 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 all
officers herein provided for.
ARTICLEv
The following persons shall constitute
the first Board Of Directors: R. M. J..
Wise, President; J. J. Robertson, Vice
President; J. O. Nuckolls and A, ].
Demoss, and J. T. 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
of stock registered in his name. Notice
of said election shall be given by ten
days publication by some newspaper
published in the parish. After each
election the Board of Directors shall
elect from their own number the officers
OF said corporation.
ARTICLE VI.
This charter may be modified, changed
or annulled, the capital stock increased
or decreased, or this corporation may be
dissolved, at a general meeting of the
stockholders convened for that purpose,
with the assent of three-fourths Of the
entire capital stock, and ten days. prior
notice shall be given of such meeting, as
is herein provided, for general meeting
OF the stockholders for the purpose Of
electing Directors.
In case OF dissolution or termination
OF this corporation, either by limitation
OF its charter, or from any cause, its
affairs shall be liquidated by two com
missioners selected from the stockholders
with like assent, and at meeting called
Tor that purpose, as above set forth in
this article.
ARTICLE VII.
No stakeholder of this CORPORATION
shall ever be held liable for any greater
amount than the unpaid balance due on
the stock held by him; nor shall any
informality in the organization of this
corporation have the effect of rendering
this charter null; or of exposing any
stakeholder to any further liability than
herein above set forth.
This done and passed at my office in
the town of Plain Dealing, Louisiana,
on the day, month and year first herein
above written, and in the presence OF
w. P. Allen and G. E. Jones, competent
witnesses. r. M. J. WISE.
Attest: J.J ROBERTSON,
". P. ALLEN. 10. NUCKoLLs.
u. E. JONES. A. j. DEMOSS.
J. T. MANRY.
]. G. ALLEN, Notary Public.
Having examined the foregoing act Of
incorporation of the Plain Dealing CO.
Operative Farmers Union Warehouse
Company, Limited, and finding nothing
e