The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1913-04-19


be carried on by it all the powers con-
ferred by law upon corporations, in
Guiding the power to hold, receive, pur-
chase, issue, convey, sell, mortgage,
pledge and exchange, and otherwise
acquire and ALLEVIATE property, both real
and personal, in the prosecution OF It's
business, to improve and plant ana
operate real estate; to conduct general
mercantile business in connection with
the planting operation; to contract, sue
and be sued; to make and use, if 1t 80
desires, corporation seal, and the same
to alter and break at pleasure; 10
make bylaws and rules for its 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 ana
convenience may require, and generally
to exercise all the powers necessary to
carry on its said business.
ARTICLE II.
The domicile of this corporation shall
be at Mansford, 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 alb
sence or disability, on the Vice-Presi-
dent, or on the Secretary Treasurer.
ARTICLE III.
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: To
buy, sell, lease, mortgage. exchange or
otherwise ALLEVIATE or acquire, and gen.
orally to deal in real estate, improved
or unimproved, in this parish or else-
where, for 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
real estate business in this Parish and
elsewhere, and to do any and all thugs
connected with or appertainlng 70 the
said business, including conducting OF
the plantation business and general
mercantile business in connection there
with.
ARTICLE Nv.
The capital stock of this corporation
is hereby fixed at the sum of Three
Hundred and Seventy-hve Thousant
Dollars, divided into Thirty Hun
dred and Fifty shares, at the par valu,
of One Hundred Dollars each, which
shares shall be paid in cash, or in prop.
erty received, or in labor done. at sucl
time or in such manner as the Board o
directors shall determine. This corpo
ration shall have the right to commence
business when all of the capital stool
shall have been subscribed for. Al
the transfers of stocks shall De made OF
the books of the Company, on tho sur
render of the outstanding certificate
and pursuant to such rules as the Boar
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 b
a President, Vice-President, and
Secretary Treasurer, and they sha
constitute the directors and be electe
to the office at the same time that th
} Directors are elected.
| The affairs of this Corporation sha
, be managed by Board of Director
consisting of three stockholders, an
the said Board shall hold Office for
] term of five years from the date of thei
q election. The first Board of Director
of this Corporation shall be w. +
Ward, W. N. Smith and Neal T. Holt
and the future elections shall be bel
on the first Monday in April, 1918.
All future elections shall be by ballo
, under the superintendent of two com
missioners appointed by the Board, an
each share of stock shall be entitled
one vote, whether cast in person by tn
: registered owner, or by his proxy or hi
representative.
The officers for this Corporation fc
, the term ending with the first Monda
: in April, 1918, shall be:
, w. H. WARD, President.
w. N. SMITH, Vice-President.
NEAL T. HOLT, Secretsry-Trea!
All future officers shall be elected b
a the Board of Directors at their drs
Y meeting.
And the said Directors and Officer
shall continue in Office until their sue
cessors are duly elected and qualified
: and the Corporation shall not be dis
e solved or affected by failure to hold tn
regular meeting thereat, but in case {
such failure, said meeting and electio
shall be held as soon thereafter as pos
4 '
8 Directors, caused by resignation
q death or otherwise, shall be filled b
:, the remaining members Of the Board.
a ARTICLE vi.
At the termination OF this charter
limitation or otherwise, the busine:
: and affairs shall be liquidated by tw
q commissioners, to be appointed frol
i among the stockholders at a meetin
q of the stockholders convened for tn;
purpose, after ten davs notice in writin
shall have been given by the Secretary
q Treasurer to each stockholder in perso
n or mail, said commissioners to be cleo
Il ed by a majority vote of the shares ,
the capital stock present or representa-
ut such meetings and voted in perso
s or proxy. said commissioners sha
remain 10 Office until the affairs of Il
a Corporation are fully liquidated, an
= in case of death, resignation or inabi
e ity to act of either, his place shall
!, Tiled by the stockholders in like man
k ner, and alter like notice as above pro
If vided until which time the survive
shall continue TO act.
Il ARTICLE VII.
;. This charter may be changed, alter
ed or amended, or the corporation ma
be dissolved or ordered liquidsted by
3 vote Of three-fourths OF the capt.;
stock, present or represented at
meeting of the stockholders convene
II for such purpose after ten days motto