Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1915-04-09
ACT OF INCORPORATION
the EfWEll1ON ELEVATOR COMPANY, INC.
STATE OF LOUISIANA, }
IARISH OLE TENGAG

niEf anu oscar Jones. "A resident Of Chris
man. iiiihols, who seyerally declared to me
Notary. that. awaiting themselves ,of the
Laws and Constitution of Louisiana ~ smell
eases made and provided, they CONTRACT
AND AGhEE and by these presents bind
themselves, as well as such other persons a.
may hereafter be associated with them. Il
form anu constitute corporation and bod,
polite in law for the objects and purposes
and under the agreements and stiDulations n,
follows, to-wit:
ARTICLEI.
The NAME AND TITLE OF this corpora.
ton shall be THE NEWELLTON ELEVATOR
COMPANY. INC, and by said name. said
corporation shall have succession and cor.
porate existence for and during the full tern
OF Ninety nine years from the date of this act
unless sooner Dissolved. aud by said name
may contract and sue and be sued
SAID corporation shall have power TO make
ana use a corporate seal, aud the same to
alter Mt pleasure, also To hold. lease. pur.
chase, sell and convey. as well as mort ga ge
ana hyPothecate under its corporate name,
real ana personal property; also to borrow
money, and give security therefor. also to
make contracts and receive grants and dona.
tons OF real and personal property; also 70
name and appoint such managers directors
and officers as its interest and convenience
may require: also to make and establish such
bylaws, rules and regulations for the proper
management and conduct of affairs of said
corporation as may be necessary and proper
also To possess and exercise ali othe powers
and privileges which corporations of a similar
character are or may be authorized 10 nos
sess and exercise under the laws and Con-
stitution OF the State of Louisiana.
ARTICLE
The PLACE chosen for the domicile of this
Corporation Is Newellton In the Parish of
Tensas and State of Louisiana.
ARTICLEIu.
The PURPOSES for which said Corporation
has been organized are as follows to-wit:
To locate, construct, purchase own main
tain and operate GRAIN ELEVATOR and
PUBLIC BONDED WAREHOUSE in or near
the Village of Newelton in Tensas Parish
Louisiana. and TO this end and for this pur-
pose, 10 locate. construct and maintain such
Duildings, warehouses;, platforms, railroad
switches, or sidetracks, and all other appur-
tenances anu accessories necessary for or
Incidental To the business Of conducting and
warehouse.
To purchase, own. maintain and operate,
ana 10 ailenate, mortgage or pledge all ma
chlnery. such as engines, boilers, fans,
pumps, and connections, etc., apDurtenant
and necessary TO the business herein estab-
To buy and sell and trade in grain, hay,
meal, feed stun, seeds, coal, and agricul-
turai implements, and to store, weigh, meas
ure, sample, and class the said articles for
themselves, or for their patrons, and GUS
TONERS, and to make and collect such charges
therefor as may be fixed by the authority
hereinafter provided for, to-wit: the Board
OF Directors.
And upon complying with Act 1856 of the
Acts OF the General Assembly for the year
%
GENERAL Assembly of the State of Louisiana
Tor 1908. and the Constitution and Laws of the
STATE OF Louisiana relative hereto, and gov
erning the conduct, management and exis-
tence OF public bonded warehouses, 10 issue
public warehouse receipts to such person,
pesons. nrms or corporations as may have
stcseu with Il any of the above ment oned ar
ticies, which said receipts are to conform
and be governed by the laws OF the state of
L0uisiana made relative thereto.
10 OBTAIN or receive by purchase, grant,
nal
property for the objects, purposes intents
and business of this corporation, and the
same 10 sell. part with, ALLEVIATE or convey.
no Dorrow money or to purchase or lease
property on its own credit, for the purpose of
constructing. maintaining and operating the
business herein provided for a nd as evidence
OF such ind sbtedness of this CORPORATION for
sucn loans or for the purchase, lease or con-
struction OF such property. to issue its cor
I R"ss.s poras or promissory notes, bearing
OF Directors hereinafter provided for NAV
elect, payable at such times and places as
may be agreed upon. aud for the security of
eucn DOnds or notes, and the interest thereon,
70 mortgage and pledge its property its cap
ltal stock, It's corporate franchise, and any
or All OF It's real pr personal property. q
both.
All citations shall be served upon the Presi-
dent. or In his absence upon the Vjce-p res-
gent. or the secretary and Treasurer of thi,
corporation. or upon any such other persof
ss may De Determined upon and designated
by this corporation.
ARTICLEv.
The amount OF the Capital Stock Of this cor |
POrauon shall he TWELVE THOUSAND |
1DOLLAhs; dtvl led into Twelve Hundred |
cnares OF the par value of One Hundred Dol |
lars each. This charter shall become opera- |
1--WE. and this corporation shall commence it's |
Dusiuess as soon as one-haf OF its capital |
bfOck sn u have been subscribed and Daif in |
TIT Tine aud Manner of paving subscrin
ssons TOR STOCK OF the said corporation shall |
pe Determined BY the Board of Directors,
bot no stock shall be issued by the corpora,
ton unless II be for money or properly ac-
suauy received. or for labor performed
~ case OF failure on the part of any SUBJ
ecriDer to pay the whole or any portioinof his |
SUBSCRIPTION. at the time or in the manner
nxeu by the Board OF Directors the shares
OF stock subscribed for by him. and all pay
ments heretofore made thereon NAV al their
option be forfeited to the corporation by the
Board of Directors by service of written
notice on the delinquent subscriber. and !
nllore on MS part 10 pay the balance due
NO stockhoider Of said corporation shall
ever De liable or held Responsible for its con-
trscts Or faults In any further sum than the
unpaid balance OF The shares of stocis owneJ
~ him, nor shall informality in ffle organi-
sstion have the effect of rendering this Char
ser null. or exposing y ss-.sholder to any liza
1p.sy pss onu tns -xmount OF the stock sub
scriRt1on subscribed by him.
ARTICLE
The corporate powers OF this corporation
shaIi be vested In "a Board of Directors COM
posed OF Tour members. The first Board of
Directors shall consist of and be composed
and constituted as follows. to-wit: s. ID.
Esrrar. Z. G. Farrar. Oscar Jones and F. L. |
0utnrie. each owning in his own right and
unpiedged more than one share of capital
stock. The Directors herein named shall
hoid once until the first Monday In the month
OF April, 1915. On the first Monday in the
-onth Of April, 1916, and annually thereafter
81 the nrst Monday in April OF each year, a
ysnerai meeting of the stockholders of said
corporation shall be held and there shall no
selected ~ many directors to serve during
the ensuing year aswill be necessary To COM
ptste tne Board. Notice of the meeting of
the stockholders shall be given by publica-
Hon In newspaper published in the Parish of
Iensas. Louisiana, for fully ten days prior
toefeto, or by ten days notice in writing TO
eocn stockholder in this corporation.
Al al elections the vote of majority of the
STOCK present or represented shall lie neces-
sery 20 elect. and the majority of the out
handing stock of this corporation shall he
necessary To constitute a quorum at such
election. and each stakeholder shall he en-
Lltieo 70 east either In person or by proxy one
vote Tor each share of stock held by him but
car not vote on any share OF stock transfer
rSd within ten days prior to an election. All
directors shall continue in Office until their
successors are elected, and indicted into
once. The Directors shall elect one OF their
number 70 be President of said corporation
ana another to be Vice President and NAV
s e.ec. from among themselves, or appoint
corporation.
And the said Board If It 81 determines, NAV
$50 appoint an Assistant-secretary and As |
distant treasurer. or one person to mi both
Rosieons. IL may also appoint a General
nens ger, and the person or persons to be so
eppOtnted need not necessarily be a stock |
holder or director of said corporation and
tne said Board may also appoint such other .
omcers aud employees as IL NAV deem necas- | .
10y; ~ snail have the power To fiji all va
cancies occurring in its own body, To make
All necessary bylaws, rules and regulations .