St. Landry clarion. (Opelousas, La.) 1890-1921, 1915-06-19


es hereinafter named and under
signed, personally came and ap-
peared the persons whose names
are hereunto subscribed, all of the
full age of majority, who ~severally
declared, that availing themselves
of the laws of the State of Louis
lana relative to the organization
of corporations, and more partie-
ularly to Act No. Sc of the Acts oil
the General Assembly of the State
of Louisiana for the year 1888,
they have covenanted and agreed
and do by these presents covenant
and agree, bind, form and consti-
tute themselves, as we'll as such
persons as may hereafter join or
become associated with them, into
a corporation or body polite in law
for the objects and purposes and
under the agreements and stlpula-
tons following, to-Wit:
ARTICLE T..
The name of this corporation
shall be THE PALMETTO PROD
UGTs COMPANY" and under its
said corporate name shall enjoy
succession for the fell term of nine
ty-nine years from date hereof;
shall be entitled to sue and be sued,
to contract; to receive, lease, puT-
shase, hold and convey, as we'll as
to mortgage property, real, personal
and mixed. to name and appoint
such managers and agents as as
its business interests may require.
ARTICLE Fl.
The domicile of said corporation
shall be at the Town Or Palmetto,
in the Parish of St. Landry, La, and
all citations, processes, ETC.. shall
be served upon the President, or,
in his absence, upon the Vice-Pres-
ident. and. in the absence Of both
IF said officers, upon the Secretary.
ARTICLE III.
The objects and purposes for
which this corporation is organized
are hereby specified to be, namely:
To own and operate a cotton gin
merry, to store, weigh and ware
house cotton and cotton seed; to
buy and sell cotton, cotton seed and
to do and perform all Things ger
name or incident thereto.
To own and operate a moss fac-
tory: to bay and sell nos and to
do and perform all things appro-
pirate or appertaiIing thereto.
To buy and sell live stock, poul-
frv eggs. truck. grain: and, IN fact,
all kinds of products.
To own and operate manufactur-
ing establishments. or any and all
kinds of establishments as it may
deem fit.
ARTICLE ~.
The capital stock Of this corpora
ton is Hereby fixed at Six Thou
sand $4,000 Dollars, divided into
and represented by one hundred and
twenty f1204 shares ait the par value
| of Fifty 1850 Dollars each. which
| shall be paid for III cash, material
| furnished or labor actually per-
| formed, as the Board of Directors
may determine.
ARTICLE v.
The corporate powers of this
corporation shall be vested IN Q
| Board Of Directors composed OF
four stockholders. which Board
shall be elected on the first MON
dav in June Of each and every year,
beginning III The year Of 1916 each
share Of stock being entitled to one
vote. to be cast by the owner there
Of either III person or by proxy. aud
4 majority Of votes shall elect. len
DAYS prior notice to be given eaefi
stock holder Of such election ny no
ttee mailed to him at Dasfofflee 70
which he has directed the SAID no
tee to be sent on registering MS
sfoek. Vacancies occurring on the
Paard shall be TILED by the remain
Ing Directors and three l5ifaf1afs
shall constitute a quorum 1oF Tue
transaction af business.
At the first meeting fallaNfae
each election. the Board OF Dtree-
tiers shall plect from their number
S President and Manager. q Wee
president. a Secretary and Treas
l4por. The Baard Of Directors MAJ
establish such rules and reentss
tons that they may deem REQUISITE
for tho management Of the hRlsi-
ness Of this corporation.
The first Board Of Directors
sftaIl be composed Of Austin q
| Richard. Jake Never William fifI-
nea1lriea and Charlie Joseph, Will
The said Austin s. Richard. as Pres
aefYt and afanagr. lake Meyer, a
vice-presidea. and William Fttz-
maurice. as Secretary and Treas
nrer. who shall hold their Office m
til IRE first Monday in June, 1910
or until their Successors are elect
ed ard qualified.
ARTICLE VI.
At the dissolution Of this corpor-
alton, bv limitation or otherwise
the affairs thereof shall be tiqui-
dated by the Members Of the Boart
Of Directors as a Tiauidating Com
mittee.