The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1913-08-14
C. HAIR L & K
The Haughton Gin Company

State Of louisiana, Before me, the un
Parish Of Bossier. dersigned au-
thority, personally came and appeared
ST.. West, r. NJ. Sandidge, T. H. Law
renee, G. b. Smith and J. B. Oneal, who
declared that, availing themselves OF the
provisions of the laws of this State rela-
tive to corporations, they have COW
enanted and agreed, and by these pre-
sents covenant and agree, and bind
themselves, as we'll as other persons as
may hereafter become associated with
them, to form and constitute corpora
ton and body polite in law for the OBJ
iccts and purposes and under the stipu-
lations and conditions following:
ARTICLE I.
The name and title OF this corporation
shall be The HAUGHToN GIN COMPANY,
and it's donlicile is hereby fixed and es-
tablished at Haughton, Bossier Parish,
Louisiana, and under its said corporate
name said corporation shall have power
and authority to contract, sue and be
sued, to make and use a corporate seal,
and the same to break or alter at pleas
ure; to hold, receive, have, purchase,
improve, ALLEVIATE, convey, borrow,
pledge, mortgage, and hypothecate
under its said corporate name, property,
real, personal, and mixed, and to do all
things and acts permitted by law and
necessary and proper to carry on the
objects and purposes of said corporation.
The president, or in his absence, the
vicepresident, shall be the proper per-
served. This corporation, unless sooner
h re oh,p ri
shall exist and endure for period of
ninety mine years from and after the
date hereof.
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 hereby declared to be for the
construction and operating OF a public
ginnery in the town of Haughton, La,
said parish, and to operate a grist mill,
and to buy and purchase cotton and cot
ton seed, and to dispose of same, and
generally to do such acts and things as
are necessary or incident to the purpo-
seS herein set forth.
ARTICLE III.
The capital stock OF this corporation
shall be Five Thousand Dollars (S5, 600
divided into Fifty Shares of One Hun
dred Dollars (Si0O) each. The corpora
ton shall be considered as going con-
Germ when Four Thousand, Five Hundred
Dollars (S4 500 shall have been sub
scribed for, and Two Thousand, Five
Hundred Dollars (S2,500) actually paid
in, and the balance shall be paid when
ever the Board of Directors shall de-
mand it.
ARTICLE ".
The corporate powers of this company
shall be vested in and exercised by a
board of five directors, who shall for the
! present be S. j. West, r. NJ. Sandidge,
Il. H. Lawrence, G. w. Smith and J. B.
Oneal, Of which board 6. w. Smith shall
be President, T. H. Lawrence Vicepres-
ident and r. M. Sandidge Secretary and
Treasurer, who shall hold their Offices
until the next regular meeting of the
stockholders for the selection of the
Board Of Directors, which shall be held
not later than the 18th day of June, 1914
and annually thereafter. Stockholders
meetings shall be held, of which meet
ings notice shall be given by writer
notice directed to the last known place
of residence of each of the stockholds
provided that such notice may be waived
by the consent of the stockholders.
ARTICLE V.
The Board of Directors shall have full
power to fill vacancies in their number
caused by death, resignation, or other.
wise, and from the stockholders of the
company. They shall have full contro
of the property of the company and shall
81 conduct manage and use the same a.
they deem best, and as is consistent with
the objects and purposes of this com.
pany. They are authorized and empow.