The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1913-06-14
CHARTER
of the
MANSTORO LAND COMPANY.

III anu lol lIlc 'lllSIl u NdulSOly '''"'S
OF Louisiana, and i'll the presence OF the
witnesses hereinafter named and under
signed, personally came and appeared
the several persons whose names are
hereunto subscribed, WHO declare that,
availing themselves of the laws OF TINS
state is such cases made and provided
relative TO the organization OF corpora
tons, they have formed and 10y these
presents do form themselves, their as
SOCRATES, SUCCESSORS and assigns into
corporation for the objects and pur-
poses and under the stipulatio"S herein
after set forth. which they hereby adopt
as their charter, tO-wit:
ARTICLE l.
The name and title of this Corpora
ton is hereby declared to he MANS
FORD LAND COMPANY, and it
shall have and enjoy corporate success
sion for period OF ninety nine years
from this date, and shall have and exer-
cis,, Tor the purpose of the business TO
be carried on by it all the powers con-
ferred by law upoh corporations, IN
Guiding the power to hold, receive, pur-
chase, issue, convey, sell, NOR gage,
pled,e and exchange, and Otherwise
|
and personal, in the prosecution OF Its
business, to imlIov" and plant ana
operate real estate; to conduct "A general
mercantile business III connection WIN
the painting operation; to contract, sue
and be sued; TO make ana Use, III III :"
desires, Il corporation seal, anu IN" 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 ana em-
pluy such managers, directors ,oliicerS,
agents and employees as It's interest an i
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 Mausioid, In the Parish OF MadI-
son. State Of Louisiana, aud all citation
and ether legal prCct s. shall he served
ON the President, and i'll case Of his alb
seuce or disability, on the e-Presi-
dent. OF on the secretary Treasures.
| ARTICLE Ill.
! The objects I'D purposes Tor which
this corporation is organized, ana the
ua, tire of the business to be carried on
by il are hereby declared In be: To
buy, sell, lease, mortgage, exchange OF
otherwise ALLEVIATE or acquire, and gen.
orally to deal III real estate, improved
or unimproved, in this parish or else
where. tor its own account or the ac-
count of others, ais principal or agent,
on commission ar otherwise; 10 improve
the same, and generally TO carry on a
real estate, business in this Parish and
( elsewhere, and To do any and all things
\ connected with or appertaInIng 20 me
said business, including conducting CT
D tine plautatiun busin, - aud general
, mercantile business in conncctlC n there
= with.
t ARTICLE w.
The capital stock OF this corporation
1 is hereby fixed 1T the sum oil Three
! Hundred and Seventy-fye Thousand
. / Dollars. divided into Thirty-seven Hun
y dr.d aud Fifty shares, at the par value
9 of One Hundred Dollars each, whlct
shares shall he paid in cash, or in prop
prty received, or ia labor done, at suci
time or in such manner as the Board q
Directors shall determine. This cUlpo
ration shall have the RICH; to commence
business when all Of the capital stool
shall have been subscribed Tor. Al
the transfers OF stocks shall be made Oh
the books of the Company, on the sur
render OF the outstanding certificate
and pursuant to such rules as the Boar
IS OF Directors may prCscIlne. SAID cap
# llal stock may De increased IN accord
u auce with the laws OF this State.
le ARTICLE V.
The Officers of said Company shall b
a President, Vice-rresiuent, and
10 - secretary Treasurer, and they sha
F. constitute the directors and be eiecte
OF IN the office at the same time that th
~ Directors are elected.
ne The affairs of this Corporation sha
ir be managed by a Board OF Director
consis,inC of three stockholders, an
IN the SAID Board shall hold Office lor
term of five years from the date OF the
election. The first Board OF Dlrect0l
of this Corporation shall he w. t
Ward. W. N. Smith and Neal L. Holl
ana the future elections shall be he
-, Oil the first Monday in april, l9lS.
All future elections shall be by TALL
under the superinLendence OF two con
e. missioners appointed bv the Board, al
Is. each share OF stock shall be enllIIed
one vote, whether cast in person by u
T. registered owner, or 10y his proxy or
he representative.
-. The officers for this Corporation 4
the erm ending with the iirst Mondi
e. in April, 1918, shall be:
i'll W. II. WARD, President.
at W. N. SMITH, Vice-President.
NEAL Holt, Secretsry-Trea
all All fn,ure officers shall be elected
TIN the Board of Directors at their III
meeting.
And the said Directors and Office
shall continue in Office until their SUI
w. cessors are duly elected and qualliie
~ and the Corporation shall not De al
solved or affecteG by failGIe 10 hold I
~ regular meeting thereat, but IN case
such failure, said meeting ana electi
lily shall he held as soon thereafter as pc
lpe sibIc. Any vacancies on the Board
or Directors, caused Dy reslgnat'o
~, death OF otherwise, Shall be filled
10, the remaining members OF the Board
in ne ARTICLE vi.
ing At the termination vi TINS charter
.elt limitation or otherwise, the Dusln'
ID and affairs shall be liquidated ny t
nd commissioners, to be appointed m
and among the stockholders at meetl
Mt of the stockholders convened Tor u
her nurnose. after ten uavs notice in Wilt
nts Shall have been giveI by the Secreta
I'M Trrasule r 10 eacn stocknolder IN per:
t.. or mail. said commissioners to be ele
amt ed by IA majority vote oil tile SHARES
the capital stock present or represen
ut such meetings and voted IN per