The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1913-06-21
CHARTER
of the
MANSFORD LAND COMPANY.

OeIOTe NE, Jonn Il. cTpcT, CleTk VI
| Court and eS-Officio, Notary Pubic,
duly commissioned, sworn and qualified,
! In and for the Parish of Madison, State
of 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,
avaiing themselves OF the laws OF this
state is such cases made and provided
| relative to the organization OF corpora
| tions, they have formed and by these
presents do 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 1.
The name and title of this Corpora
| ton is hereby declared to be MANS
FORD LAND COMPANY, and it
shall have and enjoy corporate success
sion for period of ninety mine years
from this date, and shall have and exer-
else for the purpose OF the business TO
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 alien tie property, both real
and personal, in the prosecution OF its
business, to improve and plant and
operate real estate; to conduct general
mercantile business IN connection with
the planting operation; to contract, sue
and be sued; to make and Use, II 1t so
desires, a corporation seal, and the same
to alter and break at pleasure; TO
make bylaws and rules for its govern
ment, and the same to alter or amend
/ re yeai AT pleasure; to make and en-
ploy such managers, directors ,ofhcers,
agents and employees as its interest an
convenience may REQUIRE, and generally
20 exercise all the powers necessary to
carry on its said business.
ARTICLE II.
The domicile OF this corporation shall
be at Manstnrd, In the Parish of Madi-
son, State of Louisiana, and all citation
and other legal process shall be served
Oh the President, and in case OF his alb
sence or disability, OH the Vice-Presi-
dent, or Oh the Secretary Treasurer.
ARTICLE Ill.
The objects ard purposes for which
| this corporation is organized, and the
ma, ure 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 i'll real estate, improved
VI unlmproved, in this parish or else
where, tor its own account or the ac-
count of others, as principal or agent,
OIL commissioa or otherwise; to improve
the same, and generally 10 carry Oh
real estate business i'll this Parish ane
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 in connection there
with.
ARTICLE w.
| The capital stock of this corporation
| is hereby fixed at the sum of Three
Hundred and Seventy-fve thousand
Dollars, divided into Thirty -seven Hun
dred and Fifty shares, at the par value
1 of One Hundred Dollars each, which
shares shall he paid in cash, or in prop
erty received, or in labor done, at sucn
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 Oh
the books of the Company, on the sur
render of the outstanding certlncate,
and pursuant to such rules as the Board
of Directors may prescIine. SAID cap
Ital stock may be increased in accord
auce with the laws of this State.
ARTICLE v.
The Officers of said Company shall be
a President, Vice-tresident, and a
Secretary Treasurer, and they shall
constitute the directors and be elected
70 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 tor a
term of 1--WE 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 I, Holt,
and the future elections shall be held
on the first Monday in April, 1918.
All future elections shall he by ballot
under the superintendent of Two com.
t missioners appointed by the Board, anc
each share OF stock shall he entitled Il
one vote, whether cast in person by the
registered owner, or by his proxy or hi:
preventative.
The officers for this Corporation fol-
the term ending with the first Monda!
in April, 1918, shall be:
9 W. II. WARD, President.
W. n. SMITH, Vice-President.
NEAL Il. HOLT, Secretary Treas
All future officers shall be elected b!
the Board of Directors at their hrs
= meeting.
And the said Directors and Officer
. shall continue in office until their sue
J, cessors are duly elected and qualified
. and the Corporation shall not be dis
: solved or affected by failure to hold tn
( regular meeting thereat, but in case o
such failure, said meeting and election
shall be held as soon thereafter as pos
!, siblc. Any vacancies Oh the Board o
Directors, caused by resignation
death or otherwise, Shall be filled b.
l the remaining members of the Board.
i ARTICLE vi.
At the termination Of this charter b.
It Limitation or otherwise, the bushes
and affairs shall be liquidated by wv
commissioners, TO be appointed fror
among the stockholders at mcetin
OF the stockholders convened for lha
purpose. after ten aavs notice i'll wIitin
shall have been given by the Secretary