The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1907-05-02
CHAR T E r
The BOssier Parish Fair
Association.

ASSOCldCIOne
State Of Louisiana, Personally came
Parrish of Booster. and appeared the
parties whose names are hereunto sub
scribed, all of full age, who declare that,
availing themselves of the provisions OF
the laws of Louisiana relative to corpo-
rations, they have covenanted and agreed
and bind themselves, as well as such
other persons as may hereinafter become
associated with them, to form and con-
stitute corporation and body polite in
law for the purposes and objects and
under the stipulations, articles and con-
ditions following, to-wit:
ARTICLE I.
The name and title Of said corporation
| shall be The Bossier Parish Fair Asso-
| citation, and its domicile is hereby estab-
| lished in the town OF Plain Dealing,
Bossier Parish, State Ct Louisiana, and
under its said corporate name said cor
poration shall have power and authority
to contract, sue and be sued; to make
and use corporate seal, and the same
to break and alter at pleasure; to hold,
receive, have, purchase, improve, alien
ate, convey, sell and borrow, pledge,
mortgage and hypothecate, under its
said corporate name, property, real, per-
sonal and mixed; to name and appoint
such officers, directors, agents and man
ayers, or employees as the interest or
convenience of said corporation may
require; to make and establish bylaws,
rules and regulations for the proper
management and regulation of its affairs
as may be deemed necessary and proper,
and the same to change and alter at
| pleasure; and to do all other acts and
things permitted by law, or shall be nee
essary and proper to carry out the OBJ
jects and purposes Of said corporation.
Said corporation, unless sooner dis
solved in accordance with its charter,
shall exist and continue for a period of
ninety-n years from and after the
| date hereof.
The President, or in his absence, the
| Viee-President or Secretary, shall be
the proper person upon whom citations
or other legal processes shall be served.
| ARTICLE II.
The objects and purposes for which
this corporation is organized, and the
nature of the business to be carried on
by it, are declared to be the following,
to-wit:
The maintenance in the Parish of Bos-
sier, State Of Louisiana, of public fairs,
expositions and exhibitions Of stock and
agricultural products, and for the en-
couragement of agricultural and horti-
cultural products, and in all ways to
| promote the various industries of the
! State of Louisiana, and the welfare of
| its citizens.
ARTICLE III.
| The capital stock of the said corpora
ton shall be Five Thousand Dollars
| (S5,00O.0O) divided into and represented
| by one thousand (100O) shares Of the sum
of Five Dollars (S5.0O) each, which said
stock shall be paid for in cash at the
time OF subscription, or as may be de-
termined by the Board of Directors, or
the same may be issued, at not less than
par, in payment or exchange for property
or rights actually received or purchased
by SAID corporation, or the same may be
| issued, full paid, for money advanced,
and for such other valuable considera-
tons or services as the Board of Di-
rectors of said corporation may deter
mine; provided, that no stock shall be
issued until the consideration therefor
has been received by said corporation.
Any stakeholder may sell, assign or
transfer his stock in this corporation.
provided thirty days prior notice of
such intention to sell, assign or transfer
the same, be given the company, and
the other stockholders thereof shall have
| the first privilege of purchasing same.
After thirty days notice, the said stock
| may be sold in open market.
The stock of the said corporation may
be transferred under the above condi-
tions, provided such transfer thereof
may be made on the books of said COM
pany at it's Office and on surrender of the
certificate thereof. No transfer of any
fractional part Of a share shall be made.
The corporation shall commence doing
business as soon as one thousand dollars
| (S1OOO.0O) of it's capital stock shall have
been subscribed for. The Board of Di-
rectors shall have the right to determine
how much stock shall be issued.
ARTICLE ".
The corporate powers of this associa-
ton shall be vested in and exercised by
Board OF Directors, consisting of nine
stockholders, the President, Vice-Pres-
ident, Secretary and Treasurer. Five of
said Board OF Directors shall constitute !
d quorum for the transaction of bust
ness, and their decision shall be a valid |
and corporate act.
The following persons shall constitute |
the first Board of Directors and officers,
and they shall serve until the first Mon |
day in December, 1907: n. w. Sentell,
President; E. M. Laughlin, Vice-Pres-
ident; W. Fl. Demoss, Treasurer; j. T. |
Many, Secretary; L. c. Buckley, w. B.
Boggs, 6. 7. Mays, J. A. Lowe and
j. c. Logan.
A meeting of the stockholders will be
held on the first Monday in December, |
1907, and each year thereafter, to elect
directors to succeed those whose term
has expired.
No person shall be eligible as di-
rector, or an officer, who is nor stock |
holder Of this association.
During the absence of the President, |
the President shall act and preside. |
Notice Of said annual election shall be |
given Immediately preceding said cleo
ton, and this notice shall be published I
in some paper published in the Parish of /
Bossier, and the Board of Directors shall I
appoint one OF more stockholders to pre-
side at such election as commissioners. |
In the event of failure of any commits
sioner, or commissioners, to attend, the /
President shall, by appointment, fill the
vacancy. Any failure from any cause
whatever to elect the directors the day
named for that purpose, shall not dis
solve the corporation, but the directors
then in Office, as we'll as the officers of
said association, shall hold over until |
their successors are chosen.
In such event, the President shall
cause another election to be held within
thirty days, and shall give notice thereof
as herein before provided.