The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1908-02-22
CHARTER
lion Manufacturing Company, Limited.
or THE

United States of A1nerica-Stateof Louisiana
Parish of Ascension.
DE IT KNOWN THAT on this 18th day of
- February, in the year of our Lord, nineteen
hundred and eight before me, II. j. CHAUVIN
notary public in and for the parish of AS
censlon, state of Louisiana, duly commissioned
and sworn. and in the presence of the witnesses
hereinafter named and undersigned, personally
came and appeared the several persons whose
names are hereunto subscribed. who severally
declare that aveiling themselves of the general
laws OF the state of Louisiana relative to the
ganizatien of corporations, they have formed
and organized and do py these presents organize
and form themselves into and constitute a cor
poratlon for the objects and purposes and under
the stlpulations and agreements hereinafter set
forth which they hereby adopt as their charter,
to-wit:
ARTICLE ONE.
The name and style of this corporation shall
be THE UNION MANUFACTURING COAf-
PANY, LIMITED. It's domicile shall be at
sorrento Postotice, IN the parish OF Ascension,
state OF louisiana, and it shall have and enjoy
succession by and under its corporate name for
period of ninety-nine years from and after the
date hereof
ARTICLE TWO.
The objects and purposes for which this cor
poration is organized and established, and the
nature of the business to be conducted by it are
hereby declared to be d general cotton ginning
business, a general sawInill business and a gen
eras corn milling business to build. buy or lease
alG operate cotton gins and their accessories;
sd mills and tlelf accessories ana corn mills
and their accessories in the parish of Ascension,
an at such other places as the corporation
might determine; to gin cotton, saw timber and
mil corn for the general public and 10 charge
and collect fees therefor; to buy and sell cotton
and cotton seed; to buy and lease cotton and
other lands and to sell and let-outt the same; to
cultivate cotton and other crops on its own
lands and on leased lands to buy and sell lurr-
Der and timber and timber lands; to manufac-
ture timber into lumber and sell the same; to
buy and grow corn and to manufacture it into
grits and to sell the same; to make advances on
cotton or other crops growing or to be grown
also on timber and timber lands and on lumber
and generally to do and perform any and all
things that may be requisite and necessary to
carry out the objects and purposes of this cor
poration.
ARTICLE THREE.
This corporation shall have power to contract,
sue and be sued in its corporate name; TO make
and use corporate seal and the same to
break or alter at pleasure; to hold, lease, re-
celye, purchase and convey; to mortgage, pledge
and hypotheeate property, real, personal and
mixed corporeal and incorporeal; to name and
appoint such directors, managers agents and
employees as its businesS interests and convent
ences may require, and to make and establish as
well as alter and amend from time to time. such
bylaws, rules and regulations as may be neces-
sary for the proper government of the affairs of
the corporation.
The president, and in his absence or inability
or refusal to act, the vice-president shall be the
proper person on whom all citations and other
process shall be served.
ARTICLE FOUR.
The capital stock of this corporation is hereby
fixed at five thousand dollars, tS5000l to be
(5o0} shares of the par value of ten dollars s10)
each. Said stock shall be paid for in cash, at
such time. in such amounts and after such notice
to the subscribers as may be fixed by the board
of directors or the same may be issued for labor
performed, for services rendered, or for money or
property received or purchased by the said cor
poration, upon such terms and conditions, and
in such amounts and at such times as may be
decided upon by the board of directors. The
corporation shall be going concern and shall
be auf horned to commence business as soon as
three thousand dollars $4,000 of the capital
stock shall have been subscribed for. No stock
holder shall at any time own in his own name
or hold more than fifty shares of the capital
stock of the corporation.
ARTICLE FIVE.
All of the corporate powers of this corporation
shall be vested in and exercised by board of
nine directors to be composed of stockholders of
the corporation, five of whom shall constitute s.
quorum for the transaction of any and all bust
ness of the corporation. The said board of
directors shall be elected annually, on the first
Monday in February of each year, except the first
board of directors appointed, named and desig-
mated in this charter, who shall hold their offices
until the first Monday in February, 1909, or un-
til their successors are elected and Installed.
All such elections Of directors shall be by ballot
and conducted at the Offices of the corporation
under the supervision of two commissioners. who
shall be stockholders of the corporation and who
shall be appointed by the board of directors.
Ten days notice of said elections shall be given
by written or printed notices to be mailed
to each stakeholder at MS usual postof-
fee address. Every stakeholder shall be en-
titled to one vote for each and every share OF
stock standing in his name on the books OF the
corporation, to be cast in person or by proxy
held by other stockholders and q majority of
the votes thus cast shall elect. failure TO eject
| board of directors on the date above specified
shall not dissolve the corporation. but the oil
rectors then In Office shall remain in Office and
| continue to perform the duties OF their Offices
until their successors are elected and installed,
! .aloa haI h1 a
possible thereafter. OF which ten days previous
notice shall have been given as above provided
The board of directors shall at their nrstmeet-
ing after election, elect from their number a
president, q viee-pfesident, q secretary and
treasurer who shall hold their respective offices
for the term of one year or until their successors
are elected and installed
The board of directors shall also have power
| and authority to make and establish as wen as
| alter and amend bylaws rules and regulations
| necessary in the conduct and management o.
the business OF the corporation: anu the sara
board of directors shall have Jul power 70
| borrow money. execute mortgages and create
liens, issue notes, bonds or other obligations,
and generally to do and to perform all things
| necessary and lawful for the proper carrying ON
above provided to issue and deliver fuIl paid
shares of stock of the corporation, for cash, or
in payment of labor performed, services rendered
property received, upon sucn terms ana CON
dltIons as it may see 1T.
shall be filed by the remaining directors.
ARTICLE SIX
Transfers of stock shall be made upon the
books OF the corporation by the stakeholder IN
| person or by his duly authorized agent OF at
| torney, and no transfer of stock shall be al
mitted or held to be valid binding so far as
| the corporation is concerned un1ess made on the
| books of the corporation; and no stockho!der
shall dispose of his stock to another stoekholdeF
| or to an outside person until he shall have Of
fered the said stock for sale to the corporation
at the book value thereof
ARTICLE SEVEN
i No stakeholder shall ever be held liable nor
responsible for the contracts or ta1lts 81 the SAG
corporation IN any further sum than the unpaid
| balance due to the corporation on the shares
| owned by him: nor shall any mere inforn1aIIty
in organization have the effect of rendering TINS
= charter null or of exposing any stockholdeI to
any liability beyond the unpaid amount due On
the shares of stock subscribed fer by him.
ARTICLE EIGHT.
The ranS4a1 S4gr- esF this ion 7ffsY h