The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1907-04-25
CHAR E r
The BOssier Parish Fair
Association.

The Bossier Parish Fair
Association.
State of Louisiana, Personally came
Parish Of Bossier. 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 we'll as such
other persons as may hereinafter become
associated with them, to form and con-
stitute a 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 of 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 a 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 it's
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 it's 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
iects and purposes of said corporation.
Said corporation, unless sooner dis
solved in accordance with its charter,
shall exist and continue for period of
ninety-nine years from and after the
date hereof.
The President, or in his absence, the
Vice 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-
enlargement 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
Csc, 100000 divided into and represented
by one thousand 10000 shares Of the sum
of Five Dollars (S5.00) 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 OF purchased
by SAID corporation, or the same may be
issued, full paid, for money advanced,
and for such other valuable considera-
tions 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-
tons, 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 share shall be made.
The corporation shall commence doing
business as soon as one thousand dollars
| (S10OO.0O) OF its 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
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: NV. Sentell,
President; E. M. Laughlin, Vice-Pres-
ident; w. H. Demoss, Treasurer; J. T.
Many, Secretary; L. C. Buckley, w. B.
Boggs, G.. T. Mays, J. A. Lowe and
j. G. 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 a di-
rector, or an officer, who is nor stock
holder of this association.
/ During the absence of the President
the Vice-President shall act and preside
Notice of said annual election shall be
given Immediately preceding said cleo
ton, and this notice shall be published
in some paper published in the Parish oil
Bossier, and the Board of Directors shall
appoint one or 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 snail, by appointment, fill the
vacancy. Any failure from any cause