The Madison journal., 1913-05-31
CHARTER
of the
MANSGORD LAND COMPANY.

7 duly commissioned, sworn and qualified
| in and for the Parish OF Madison, Stat
nf Louisiana, and in the presence Of the
witnesses hereinafter named and under
! signed, personally came and appeared
! the several persons whose names are
hereunto subscribed, vino declare that,
availing themselves of the laws OF this
state is such eases made and provided
relative to the organization Of corpora
, tions, they have formed and by these
presents co form themselves, their as
sOciates, sUccessOrS and assigns into a
corporation for the objects and pur-
poses and under the stipulations herein
after set forth. which they hereby adopt
as their charter, to-wit:
ARTICLE l.
The name and title of this Corpora
tiOn is hereby declared to be MANS
FORD LAND COMPANY, and it
shall have and enjoy corporate success
sion for period OF ninrty-nine years
from this date, and shall have and exer-
else for the purpose OF the business to
be carried OIL by it all the powers con-
terred bv law upon corporations, in
cluding the power to hold, receive, pur-
chase, issue, convey, sell, mortgage,
pledYe and exchange, and otherwise
acquire aud ALLEVIATE property, both real
and personal, in the prosecution of its
business to improve and plant and
operate real estate; to conduct "A general
mercantile business in connection with
the planting operation; to contract, sue
and be sued; TO make and use, If it so
desires, a corporation seal, and the same
to alter and break at pleasure; TO
make bylaws and rules for it's govern
ment, and the same to alter or amend
Or repeal at pleasure; to make and en-
ploy such managers, directors Officers,
agents and employees as its interest an
convenience may require, and generally
to exercise all the powers necessary to
carry on its said business.
ARTICLEII.
The domicile of this corporation shall
be at MansiOrd, In the Parish of Madi-
son, State of Louisiana, and all citation
and other legal process shall. be served
on the President, and in case OF his abb
sence or disability, OH the Vice. Presi-
dent, or OIL the Secretary-Treasurer.
ARTICLE III.
The objects AID purposes for which
this corporation is organized, and the
nature OF the business to be carried on
by it are hereby declared to be: 70
buy, sell, lease, mortgage, exchange or
otherwise alternate or acquire, and gen.
orally to deal i'll real estate, improved
or unimproyed, in this parish or else
where, ior its own account or the ac-
count of others, as principal or agent,
on commission or otherwise; to improve
the same, and generally to carry on Il
real estate business i'm this Parish and
elsewhere, and to do any and all things
connected with or appertaining 20 the
said business, including conducting CT
the plantation business and general
mercantile business i'll connection there
with.
ARTICLE ".
The capital stock of this corporation
is hereby fixed at the sum of Three
Hundred and Ssventy-fiye Thousand
Dollars, divided into Thirty -seven Hun
dred and Fifty shares, at the par value
of One Hundred Dollars each, which
shares shall be paid in cash, or in prop
erty received, Or in labor done. at such
time or in such manner as the Board OF
Directors shall determine. This corpo-
ration shall have the right to commence
business when all of the capital stock
shall have been subscribed for. All
the transfers OF stocks shall be made on
the books of the Company, on the sur
render OF the outstanding certificate,
and pursuant to such rules as the Board
OF Directors may prescribe. Said cap
ital stock may be increased in accord
ance with the laws of this State.
ARTICLE v.
The Officers of said Company shall be
a President, Vice-tresident, and
Secretary Treasurer, and they shall
constitute the directors and be elected
to the Office at the same time that the
Directors are elected.
The affairs Of this Corporation shall
be managed by Board of Directors
consisting of three stockholders, and
the said Board shall hold Office ior
term of five wears from the date OF their
election. The first Board of Directors
of this Corporation shall be w. h.
Ward, w. N. Smith and Neal T. Holt,
and the future elections shall be held
Oh the first Monday in April, 1918.
All future elections shall be by ballot
under the superintendence OF two COM
missioners appointed bv the Board, and
each share OF stock shall be entitled to
one vote, whether cast in person by the
registered owner, or by his proxy or his
representative.
The officers for this Corporation for
the term ending with the first Monday
in April, 1918, shall be:
W. II. WARD, President.
W. N. SMITH, Vice-President.
NEAL T. HOLT, Secrets ry-Treas.
All future officers shall be elected by
the Board of Directors at their first
meeting.
And the said Directors and Officers
shall continue in Office until their sue
cessors are duly elected and qualified,
and the Corporation shall not be dis
solved or affected by failure to hold the
regular meeting thereat, but in case OF
such failure, said meeting and election
shall be held as soon thereafter as pos
sible. Any vacancies on the Board oil
Directors, caused by resignation
death or otherwise, shall be filled by
the remaining members OF the Board.
ARTICLE vi.
At the termination VI this charter by
Limitation or otherwise, the busines,
and affairs shall be liquidated by two
commissioners, to be appointed from
among the stockholders at a meeting
of the stockholders convened Tor tha
purpose. after ten uavs notice in wIitint
Shall have been giveu by the Secretary
Treasurer TO eacn stocknolder in pei SOL
or mail, said commissioners TO be elect
| ed hy a majority voIn Of the sharrs O.