Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1911-06-30


The domicle IL this corporation IL declared
to he the Town Of St. Joseph. In the Parish
OF Tensas. State of Louisiana. And az rhe Of
nee OF said corporation NJ said place Of dom
81 Directors and Stockholders Of said cor
poration.
All citations and other legal PROCESS shall
he served upon the President. or In HIS alb
sence. upon the vice-president. and In the
dent upon the Secretary OF said corporation.
ARTIcLEv.
The objects and purposes for which this
corporation has been organized and the ma
fure Of the business to be carried on by &C..
are declared to he; -
hold property both real and personal. and
the same to sell. exchange and dispose OF:
10 engage In agriculture and to buy, sell
manufacture and exchange agricultural pro-
timber and the same to manufacture: 20 own
and operate, hold and disDOse Of. saw mills
cotton gins. cotton factories. oil mills. grisf
fure tiles. to establish town sites. to construct
and repair buildings. to establish and operate
electric power plants. to conduct and carry
on mercantile business. Wholesale or retail
cattle. hogs. sheep and other domestic ami.
mails. and domestic fowls; to establish and
operate cold storage and packing plants; and
70 do and perform All other such matters as
may he related. incident to. grow out OF or
become necessary or advisable for the sue
cessful conduct or operation OF the purpose
and business and occupations hereinabove
And to the above ends this corporation
shall have power and authority to borrow
money. TO issue bonds and promissory notes.
and to secure the same by mortgage, lien
sonal and capital stock.
And further, TO subscribe for. purchase.
acquire. hold own. sell, transfer, exchange
n n or such other corporsfions a. nav
hereafter be organized within the State OF
Louisiana as shall be engaged In business or
pursuits hereinabove contemplated.
ARTICLE VII.
The capital stock OF this corporation Is
hereby fixed at Three Hundred Thousand
$500, 900 900 .ooj divided into and represented
BY Three Thousand shares of the par value
Of One Hundred Dollars $4,000 each. Two
Thousand One Hundred Fifty OF said shares
TO be at once issued to the incorporators
hereof and the remaining Eight Hundred
Fifty shares to be held as Treasury Stock
subject to the order and win OF the Board OF
said stock shall be paid Tor in cash, at such
time, In such amounts and after such notice
TO the subscribers a. may be fixed by the
Board of Directors, or the same may be is
property actually received by the corpora
ton.
All transfers Of stock in this corporation
must be made upon the books OF said Com
certificate OF stock so TO be transferred. q
new certificate In the new name being issued
therefor; and no transfer Of any fractional
part Of share OF stock shall be made.
This charter shall become operative and
this corporation going concern authorised
to do business A. soon IS Ten Thousand Dol
lars f,io, 900 :ool OF It's capital stock has been
No stockholder shall ever be held liable for
the contracts or faults Of said corporation In
any further sum than the unpaid balance due
the corporation on the shares Of stock owned
by him, nor shall any mere informally In or
ganization have the effect OF rendering this
charter null, or of exposing a st0ckholder to
any liability beyond the unpaid amount re-
naming due on his stock.
ARTICLE VII.
The Board Of Directors OF this corporation
ali the corporate powers Of said Corporation
shall be vested In and exercised by said
said Board OF Directors TO be elected an.
nually ct . meeting Of the stockholders OF
this corporation TO be held at the ONCE here
of In the Town OF st. Joseph, louisiana. on
the n-sf Tuesday In the month OF May Of
All such elections shall be held by ballot at
the ONCE Of said corporation. under the SUI
pervision OF Three commissioners TO be ap-
pointed by said Board OF Directors on the
Of such elections shall be given by the secre-
tary OF said Board OF Directors by publica-
ton for not less than ten days In news
paper published In the Town OF 81. Joseph,
Parish Of rensas, State OF Louisiana
AZ all such elections and at all corporate
meetings Of the ockhoiders OF said corpor-
shall be necessary to constitute q quorum,
and every stockholders shall be entitled 81
one vote for each share OF stock standing In
his name on the books OF the corporation 70
be cast In person or by his written proxy,
transferred within ten days prior 70 such
election shall be allowed; majority OF the
votes so cast shall elect.
A failure to hold such election, OF, II held
70 elect Board OF Directors shall not dis
solve this corporation. nor impair Its corpor-
ate management, but the Directors then In
impaired until their successors are elected
and quaIlneo-
The Directors hereof shall Immediately
rpen being ,nque5sa lnso 9mee s'ect ca one 1 o.
pany. another 10 be s-prcsident and an
other to be Secretary and Treasurer thereof:
and they NAV elect an Assistant Secretary
who shall not NECESSARILY be 3 member OF
said Board OF Directors or a stockholder In
said corporation.
Said Board OF Directors Il authorised and
empowered to appoint. employ and engage
all other such officers, agents and Servants
a. NAV be necessary for the purposes OF this
corporation, and 70 az the compensation o!
define the d1ties Of every eiicer. agent and
employee and az such officers; agents and
At the pleasure OF said Board.
All vacancies occurring In its membership.
By death. resignation or otherwise, shall be
hlled BY said Board.