The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1904-06-17
ARTICLE !

! COMPANY OF LOUISIANA, Limited. and it
domlcile is hereby fixed at Welsh III the Cal
| caSleu Parish and State of Louisiana.
ARTICLE II.
The object and purpose of said corporation
! and the nature of the business to be Carriel
| on ny 1t are as follows, tO-Wit: 70 buy, own
! sell, exchange, mortgage and lease all kinds O
| real estate and personal property and to maxi
SUCH improvements rs are necessary for the Oh
| Grafton and carrying on the business Of the Co
| poratlOn and TO buy, own, lease, build build
| lngS or machinery or other fixtures and appli
| anceS, on such land, that may be deemed neces
| SarY TO conduct the business OF the corpora
| ton; TO prospect, work and mine any and al
! minerals wherever the same may be found
and more especially, salt, sulphur natura
gas, rock, oil, or petroleum. and to Smclt, anC
refine and manufacture the minerals so found
| 10 buy ana sell the same iii their crude anC
manufactured state, to erect and maintain al
build RgS, machinery. fixtures and appliances
maintain and extend the same and build al
| pipe lines and other things necessary for the
transportation of said products to market.
ARTICLE III.
Said corporation shall enjoy succession by
It's corporate name and shall possess all the
powers incident to corporation and author.
lied by law for the period Of forty years from
the date Of this act.
ARTICLE ".
The capital stock of this corporation is here
by fixed at Five Hundred Thousand Dollars
G3OO,OOO;00l, divided into Five Hundred
Thousand Shares Of par value Of one dollar
per share. The corporation may begin bust.
ness at any time that majority Of the dircc-
tors may decide after fifty thousand shares OF
stock have been subscribed The board OF
directors may direct stock sold for the devel.
opment OF the company's property in such
amounts and at such prices as it NAV deter.
mine, and all stock not subscribed for shall
remain the property of the corporation and
| shall be treasury stock. The board of direC.
| tors shall, furthermore, have power to dlspOSG
| OF this stock in payment for labor performed
| or services rendered, and in payment of inter.
est and IN actual purchase, leasing or rental
| OF property: The certificates of stock shall be
signed by the president and attested by the
secretary under the corporate seal of the com.
pany, and shall not be issued until fully paid
for, and are transferable only on the books OF
the company.
ARTICLE V,
| The capital stock may be increased or de,
creased at such times and to such an amount
as may hereafter be decided by two-thlrd.
vote, OF the stock voting at any meeting All
stock sAal! be worcestershire.
ARTICLE VI.
The power Of said corporation shall be vest.
ed in tAe board of directors to be composed OF
seven stockholders to be elected yearly on
the 1th day OF May Of each year hereafter The
first Board OF Directors shall serve until the
| their successors shall be elected and duly
qualified. Zen days notice by registered let.
ter directed to the last known address Of each
| stakeholder and by publication in newspaper
| at the domlClle of the corporation for tifteer
| days shall be the notice required for the cleo.
ton. Each share OF stock shall be entitled tc
a vote and majority Of such votes cast al
such meetings shall elect The Board OF
| Directors shall annually elect from their mum
| Der, president, vlce-president. secretary
! an assistant secretary and a manager, or as
many managers and under officials as they
may deem necessary for the purpose of carry.
| ing on the business to the best interest Of the
| corporation.
| All officials shall serve after elected, during
! the term Of the Board Glecting them. FnuI
members OF the Board shall constitute a quo.
rum Tor the transaction OF business,
The Board Of Directors shall have all neces-
sary power to make bylaws. rulcSand regula.
| lions for the government Of the affairs Of the
! Corporation and to change the same when
they deS1q 1t necessary.
Vacancies IN the Board of Directors shall be
filled by the said Board of Directors during
the intervals between the elections. In ali
elections III which stockholders are entitled
10 vote each may vote his stock in person or
by written proxy. All citations or legal pro-
ceSses, shall be served on the president and in
absence and that Of the president, on the sec.
rotary.
ARTICLE VII
This charter may be amended or altered or
the said corporation may be dissolved bv n
vote Of the Stockholders owning three-fOurths
Of the Stock ct a meeting called for the pur-
pose after thirty days notice by registered
letter and published in a newspaper at the
domlciie OF the corporation. At the teImna-
ton or dissolution OF the corporation, its af-
fairs shall be Inundated by three commission.
ers who shall be appointed by the St0ckhold-
eTS from their number.
A majority vote OF the Stockholders shall
eject such commissioners and Shall establish
the terms and manner Of such foundations
and shall make and define the powers, duties
ana emOlllmentS OF SuCh commissioners and
the manner in which vacancies i'll their num-
Der shall be nlled if such occur.
ARTICLE VIII.
The corporation shall own and use corpor-
alton seal and shall have power to break and
alter the same ut pleasure.
ARTICLE X.
The president shall be the executive officer
and shall preside when present, at all meet.
ings, and IS hereby authorized to act for SAID
corporation, to sign all deeds, acts, convey.
allGUS, mortgages, leases, pledges, or receive
the same IN the name OF the corporation when
shall DO tse duly authorized party and repTe-
sentative Of the corporation to institute slitS,
to defend the same ana execute bonds and
generally, to take all Necessary steps to secure,
protect and defend the rights Of said corpOr-
alton. The vice. president shall act for The
president when he is absent and ali acts of the
ylce-presldent done in the absence, of the
president shall have the same force and power
Us though done by the president.
The secretary shall keep the records of the
corporation, the minutes of the meetings OF
the stockholders and OF the board Of directors,
lie shall Sign with the president all acts Of
mortgage and CouvCyances. The assistant
secretary shall act for the secretary in his ab-
Sence.
The treasurer shall be the custodian of all
funds OF the corporation and shall pay them
out only on the order OF the president and
secretary OF the company.
ARTICLEX.
No stakeholder Of such corporation shall
ever be held liable or responsible for the con-
tracts or faults Of such corporation in any
further sum than the unpaid balance due such
corporation on the shares Of stock owned bv
him as fixed and determined by said board Of
directors, and no mere technical informality
III the organization Of said corporation shall
have the effect of rendering the charter null
and void or exposing any stakeholder to any
IN ty-l in Of "a I,