Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1911-07-14
ACT OF INCORPORATION
OF
. SOMERSET PLANTATION COMPANY"
STATE OF LOUISIANA.

toe laws ana constitution Of the State
% tney covenant and agree, and by these pre
= ents do bind themselves as well as such al
. er persons as may hereafter become hereI
z corporation and body polite in law n
y the objects and purposes and under IN
q wit:
ARTIcLEI.
The name and style OF this corporation
4 rATION COMPANY - and by said name sai
corporation shall be known and have succes
: sion and corporate existence for and durIn
me Io,I period and term OF Ninety nine Year
& rom the date OF this act, unless sooner dis
! solved. and by said name shall contract an
sna pc sned and transact all itslcorporat
The seal Of this corporation shall he a meta
| nlsc with the words "SOMERSET pLANTa
, TON co. ST. JOSEPH. LA. I" And snch cor
porate seal said corporation shall have now
er 70 make and use. and the same to breal
! and alter at pleasure
; ARTICLE III.
The domicle OF this corporafIon "A aac,sr.d
to be the Town OF st. Joseph in fhe paris \
81 Teesas. State Of Louisiana And af the ~.
nee OF said corporation at said place OF dom
lsie snaIi De held All meetings Of the Board
poration.
ARTIcLEIv.
All citations and other legal process shal,
be served upon the President. or IN his an
sence. upon the yice-president, and in the
absence OF both President and vice-presi-
dent upon the Secretary Of said corporation.
ARTICLEv.
The objects and purposes for which this
corporation has been organized and the ma
ture OF the business TO be carried on nv N
are declared 20 be:
To purchase. lease. acquire. exchange ana
hold property both real and personal. and
the same TO sell. exchange and dispose az.
70 ensage In agriculture and to buy. sell.
manufacture and exchanges AGRICULTURAL pro-
ducts; TO acquire. hold. sell and exchange
TIMBER and the same 20 manufacture; to own
and operate. hold and dispose Of. saw mills
mills. fee factories. brick kilns. to mannfac-
ture tiles. to establish town sifes To con sfrucf
and repair buildings. TO establish and operate
on mercantile business, wholesale or retail
or both. to raise and deal In horses muIes
cattle. hogs, sheep and other domestic ami
operate cold STORAGE and packing plants: and
70 DO and parform all other such matters a.
may be related. incident to. grow out OF or
cessfnl conduct or operation OF the purpose
ana s business and occupations hereinaboye
And to the above ends this corporation |
shall have power and authority to borrow
money. to Issue bonds and promissory notes.
ana 70 secure the same by mortgage, lien
and privilege upon its property, real, per- |
And further. to subscribe for, purchase.
acquire. hold. own. sell. transfer. exchange /
and pledge shares Of stock in existing cor
hereafter be organized within the state Of
Louisiana as shall be engaged In business or Il
pursuits hereinabove contemplated.
ARTfCLEv vi.
The capital stock Of this corporation Il II
$500 900 900 .oo) divided iato and Represented
by Three Thousand Shares of the par value III
Of One Hundred Dollars $50. ool each. Two Il
2, One Hundred Fifty OF said shares
20 be at once issued to the incorporators
hereof and the remaining Eight Hundred II
Fifty shares 10 be held as Treasury Stock III
subject to the order and win OF the Board OF
Said stock shall be paid for in cash. at such II
time. In such amounts and after such notice III
% the subscribers as may be fixed by the III
sued at not less than par for labor done or III
property actually received BY the corpora III
All transfers Of stock I'm this corporot,on
must be made upon the hooks Of said Com III
pany at Its ONCE upon the surrender OF the III
certificate OF stock so to be transferred, a III
1ew certificate In the new name being issued
part OF q share OF stock shall be made III
This charter shall become Operative and
ms 8 corporation going concern authorized
ubscribed for.
No stockholder shall ever be held liable for /
my further sum than the unpaid balance due III
he corporation on the shares of stock owned Il
y him, nor shall any mere informality in or
bar5sr on nave ~ sne snset Of rendering this
ny liability beyond the unpaid amount re- :
naining due on his stock.
ARTICLE VII.
The Board OF Directors OF this corporation |
hall consist OF Five t5j members hereof. and III
hall be vested In and exercised by said
Said Board Of Directors to be elected an
bis 70 Sc held Ii ss ocs sere
IN the Town OF St. Joseph. Louisiana. on III
he first Tuesday In the month Of May OF
All such elections shall be held by ballot Al III
he ONCE OF said corporation. under the SUI III
ervisiOn Of Three commissioners to be an iii
oInted by ssid Board OF Directors on the
such elections shah be given by the secre- III
lry OF said Board OF Directors by pubIica- III
on for not less than ten days In 4 news
nrish Of Tensas, State of Louisiana. III
At all such elections and at all corporate III
leefings OF the stockholders Of said corpor- III
ton q majority OF the outstanding stock III
hall be necessary 10 constitute = Guol Jm.
nd every stockholders shall be entitled to .
ne vote for each share OF stock standing In
ls name on the books OF the corporation to
e cast IN person or by his written proxy,
royided that no vote on any share Of stock
within ten days prior to such
lection shall be allowed; q majority Of the r
otes 50 cast shall elect. Ill
A failure to hold such election, or. n held. n
, elect Board OF Directors shall not dis n
Dive this corporation, nor impair its corpor- y
g infringement, but the Directors then in Il
impaired until their successors are elected :.
nd qualified. Il
The Directors hereof shall Immediately
pom being indicted Into Office elect one Of
any, another to be vice-president and an
Their to be Secretary and Treasurer thereof:
I'd they may elect an Assistant Secretary,
aid Board Of Directors OF q stockhoIder in
Said Board Of Directors is authorized and
npcwered 70 appoint. employ and engage
J may be necessary Tor the purposes Of ' this
DTporation, and 20 az the compe lsafion oil
1e same; they shall have power 20 fix and
enne the duties OF every onicer. agent and
Employees shall hold oiIlce and employment
{ the pleasure OF said Board.
All vacancies occurring IN ifs membership.
"a es 81 s,sssEnssicn or otherwise, shall be
Said Board Of Directors Is authorized and
Empowered to make and establish alter and )
mend any and all bylaws. rules and regu-
" the conduct. support and manaeenenf Of
,e business and Affairs OF this concern.
And said Board Of Directors Ii furtherI
pecially authorized TO borrow money.
ontracts, execute mortgaees, liens and
lodges. issue bonds, notes and other obli-
atIons, and generally to do ali things reas-
nable, convenient and necessary Tor the
ess OF said corporation; and shall issue
hares OF stock In accordance with the pro-