Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1915-05-07
ACT OF INCORPORATION
me mrwfllros ELEVATOR COMPANY. INC.
STATE OF LOUISIANA,
PARISH OF TENSAS.

lana Aforesaid, duly commissioned and quail
fled according to law. and in the presence
of the witnesses hereafter named and under
aligned, personally came and appeared F. l..
Guthrie, c. G. Farrar and s. ID. Farrar, all
residents of the Parish of Tensas and State Of
louisiana and Oscar Jones "a resident OF Chris
man. Illinois, who severally declared to me,
Notary, that, availing themselves Of the
Laws and Constitution of Louisiana in such
cases made and provided, they CONTRACT
AND AGREE and by these presents bind
themselves, as well as such other persons as
may hereafter be associated with them, to
form and constitute a corporation and body
polite in law for the objects and purposes,
and under the agreements and stipulations as
follows, to-wit:
The NAME AND TITLE Of this corpora
tion shall be THE NEWELLTON ELEVATOR
COMPANY. INC, and by said name, said
corporation shall have succession and cor
Of Ninety nine years from the date of this act.
unless sooner dissolved, and by said name
may contract and sue and be sued.
Said corporation shall have power to make
and use a corporate seal, and the same to
alter at pleasure, also to hold, lease, pur-
chase, sell and convey. as well as mortgage
and hypOthecate under its corporate name,
real and 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 to
name and appoint such managers, directors
and officers as its interest and convenience
may require; also to make and establish such
management and conduct OF affairs OF said
corporation as may be necessary and proper,
also to possess and exercise all other powers
and privileges which corporations OF a similar
character are or may be authorized to pos
sess and exercise under the laws and Con-
stitution OF the State Of Louisiana.
ARTICLEII.
The PLACE chosen for the dOmicile of this
Corporation Is Newelton In the Parish of
Tensas and State of Louisiana.
ARTICLE III.
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
the Village of Newellton in Tensas Parish,
Louisiana, anu to this end and for this pur-
pose, to locate, construct and maintain such
buildings, warehouses, platforms, railroad
switches, or sidetracks, and all other appur-
t8nances a Il accessories necessary for or
Incidental 10 the business of conducting anu
operating grain elevator and public bonded
warehouse.
To purchase, own, maintain and operate,
and to alternate, mortgage or pledge all ma
pumps, and connections, etc., appurtenant
lished.
To buy and sell and trade in grain, hay,
meal, feed stun, seeds, coal, and agrcui- |
tural 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 Boaru |
Of Directors. |
And upon complying with Act 1855 Of the |
Acts Of the General Assembly for the yeaI |
1855. and with Act No. 22l of the Acts Of the |
General Assembly of the State of Louisiana /
for 1908. and the Constitution and Laws of the |
State Of Louisiana relative hereto, and gov |
ernfng the conduct, management and exis- /
tence OF public bonded warehouses, to issue |
public warehouse receipts To such person,
persons, firms or corporations may have /
stored with IL any OF the above ment oned ar
ttcles. which said receipts are to conform |
and be governed by the lawi of the State Oh |
Louisiana made relative thereto.
To obtain or receive by purchase, grant,
gift or exchange, both real and personal
property for the objects, purposes, intenIs,
and business of this corporation, and the |
same to sell, part with. ALLEVIATE or convey.
property On its own credit, for the purpose N |
constructing, maintaining and operating IL,
business herein provided for, and as evidenc,
such loans. or for the purchase, lease or con-
struction OF such property, to issue its cor
porste bonds or promissory notes, bearing
Interest at such rate per annum as its Boar
Of Directors hereinafter provided for maJ |
elect. payable at such times and places a.
Ansy be agreed upon, and for the security Oh
uch OOn0s or notes, and the interest thereon, |
to mortgage and pledge It's property, its cap |
itel stock. Its corporate franehisel and any |
or oli OF its real or personal property, Oh
DOtn.
All citations shall Oe served upon the Pre-
dent, or ia his absence. upon the yice-PresI-
dent, or the Secretary aud Treasurer of tn.
Corporation, or upoA any sucn otner person
~ may be determined upon and uesig gated
~ Ghis corporation.
ARTICLE
rne smount of the Capital Stock Of this cor
psSra,iVn snail be TWELVE THOUSAND |
DOLLARS. divi led into Twelve Hundre"
ars each. This charter shall become opera
i've. and this corporation shall commence liz
business as soon as one-half of its capitai
sock sh II have been subscribed and paid in. |
The fine and Manner Of paying subscrip-
lions for stock Of the said Corporation shall
be determined by the Board of Directors,
but no stock shall be issued by the corpora
don unless it be for money or property ac-
finally received, or for labor performed.
lq case OF failure on the part of any sub
oeriber TO pay the whole or any portion of his
subscription, at the time or in the manner
1xed by the Board of Directors, the shares
Of siock subscribed for by him, and all pay
option be forfeited to the corporation by the
Board OF Directors by service of written
.i,.'ce oh inc delinquent subscriber, ant /
siure on his part To pay the balance due.
No stockholder of said corporation sha .
-ysf 0e liable or held responsible for its co.,
tyscts or faults in any further sum than a.
ospaid balance OF the shares of stock own.
~ 0im. nor snail informality In the organ
. EioI nave tae effect of rendering this cha
- ,a,i. Or Exposing ockhoider to any lii:
Il
. NsluVl subscribed by him.
-. Article W.
rhe corporate powers of this corporatio1 I
snail De vested in Board Of Directors com
posed Of four members. The hrst Board U,
Directors shall consist pf and be compose
BAD constituted as follows, to-wit: i. l..
ysrrsr, Q. c. Farfar, Oscar Jones and F. L
6uthrle. each owning In his own right ali
DaDledged more than one share OF capt.
stock. The Directors herein named sh.
bold 0dDce until the first Monday In the mOnt
u April, 1915. on the first Monday in IL
month Of April. 1916. and annually thereafte
Da the first Monday In April OF each year,
general meeting OF the stockholders OF SAL
shall be held, and there shall b
selected ma many directors to serve durin
tae ensuin year as will be necessary to com
Die.e the Board. Notice of the meeting |
ble stockholders shall be given by publica |
tSu in newspaper Published in the Parish
konsass Louisiana, Tor fully ten days priO
,nerefo. or by ten days notice in writing I. | =
zach ytockholler in this corporation.
~ all elections the vote OF majority OF The |
DeDck present or represented shall be neces-
Bsry TO elect. and the majority of the Out
Handing stoca U. this corporation shall b
to constitute u quorum at sue. |
slection, ana each stakeholder shall be Ell
vote for eacn share of stock held BY him, bu
No not vote on any share of stock transfer |
ed within ten Jay prior to an election. Al |
Directors shall continue in Office until thei |
Idccessors are elected. and indicted int.
J nee. The Directors shall elect one of thel |
humber to be President of said corporatior |
Ind another to be yice-President, and ma
beet from among themselves, or app1ii
,srson to be Secretary and Treasurer of this
corporation.
And the said Board IL II so determines NAV 4
llso appoint an notwithstanding and AS .
or one person to I'LL both 4
} DsttiOns. 1t may also appoint a Genera | :
Manager, and the person or persons to be So | I