The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1915-12-04
CHARTER OF maxwell pLAN1'As
Co, INCORPORATED.

pasore me the undersigned authority
.4 two attesting witnesses, on , v
sha ISth day of November. A; u. ~
rarsonally came and appeared Jen.
S.aar an unmarried man; Georfe a,
Yayser and his wife, Mrs. Ednan ~
yerSsr nee Maxwell, herein authority
-. bsr said husband; and Mrs. Matiiuns
n. Maxwell. nee Bo re, wIuo c,ate
residents of the Parish OF Manson, % re
OF Louisians. shd josir fM.aI
xife. Mrs. Flora NJ. Potts, nee mA1sd
herein authorized By her said nus .s.,a
10th resident Of the +, rsh OF ouaen "a
state of Louisiana, who deeiareu sns
acknowledged that, awaiting theinse
of the laws of the State OF LouisIaa,
especially of Act No. 261 OF the uene f
Assembly of the State Of louisiana Io5
the wear 1914, they have formed h,.u
organized and by these presents 90 iorlh
and organize themselves into corpora,
ton and body polite for the OBJECTS anu
nurposes hereinafter set forth ana ex-
Dressed, which they hereby adopt as the
Charter of said cooperation, to-wit:
ARTICLE l.
The name and title of this corporation
shall be Maxwell Planting Company,
Inc. ;" and by its said name shall nave
and enjoy existence for the full term
and period of ninety-nine years from
date hereof:
Its domicile shall be in the town Oh
Mound, Parish of Madison, La, and II
| shall have seal with such incrlption ana
device as the Board of Directors may
elect, and the same to alter and cnange
at pleasure.
| It's certificate of stock shall be signed
by the President and Secretary and
bear the impress Of the seal of the cor
poration.
1t shall have power and right to hold,
purchase, receive by donation or other
wise, and mortage, sell lea e, pledge,
pawn; chattle mortage, and convey pro-
perty- both real and personal, movable
rand i.,movable md
1t shall have the right to borrow
money and issue its negotiable notes or
bonds, unsecured or secured by mort
gage, pledge, pawn, chattel mortage OF
other lien on its property, both real and
personal, and shall have power to sue
and be sued in its corporate name.
The President, and in his absence the
lVice-President, is hereby designated as
|
other legal process hall be served.
ARTICLE 2.
The objects and purposes for which
this corporation is organized, and the
nature of the business 70 be carried CT
by it are hereby declared to be the pur-
chase, sale and lease of agricultural,
timber and other lands, the cultiva ion,
growing, raising and marketing OF al
agricultural crops, and the manufacture
ing, warehousing and sale of products
thereof, and the buying, selling, and
rearing of horses, mules, hogs, and any
and all other kinds of animals and stock
in the Parish of Madison, Louisiana, OF
in any other portion of the State OF
Louisiana, or of the United States, and
in connection with the above objects
and purposes, to make advances of
money and supplies to its tenants anc
others, and 10 conduct a general mer.
camille business, both wholesale and re.
tail.
ARTICLE3. ~.,
The capital stock Of this corporation
is fixed hereby at One Hundred Ihous-
ard (S1l 0, Gc0. COZ Dollars, divided, into
one thousand q .000) shares of the pal
I valce o. One Hundred (100. 00) Dollars
each. The capital stock of. this corpor-
alton may be increased to- an amount
not exceeding twenty-five huBGree
(250O) shares Of the par value Of One
/ Hundred Qf0. COZ Dollars each, making
a total of Two Hund.ed and Fifty
Thousand (SS250. 0c0. CG) Dollars. & !
| ARTICLES.
The corr crate power of this corpor.
alton shall be vested in and exercised by
a Board Of Directors of three stock.
i!.hoiders, majority of whom snail con-
hStitute quorum for the transaction of
business, with full power to, purchase,
receite- by dOnati, n. sell, mortage
| pledge, pawn and convey and lekse,
either as lesser or 'lesseG, property,
both real and personal, to borrow money
and issue the companY's negotiable
notes or bonus, either unsecured or Sc.
cured by mortgage on its real estate,
chattel mortage, pledge or pawn of its
personal property, and to do any and oil
other acts which this Company is au-
thorized to do in carrying out the OBJ
Jects and purposes OF this corporation.
to make and establish bylaws, and
change the the same, to hire, to employ.
appoint, and to fill all vacancies occur
ing in the Board of Directors by death.
resignation or otherwise.
Each Board of Directors shall elect
from their number President, a Vice
President and n Secretary and Treasurer,
The office Of Secretary and Treasurer
may be held by one or two persons, and
when held by two persons, the Secretary
may or may not be Director. The
Board of Directors may be increased at
any annual stockholders meeting to a
number not exceeding seven.
| The first Board of Directors shall con-
sist of George s. Yerger, John j. Potts
and jeff b. Snyder. with George S. Yer.
ger as President, jeff B. Snyder as
Vice. President, and John j. Potts as
Secretary and Treasurer, who shall hold
office until the first Monday of Nav
1916 or until their successors have been
duly elected. On the first Monday of
May 1916, and annually thereafter On
the first Monday of May of each year,
the stockholders shall meet for the pur-
pose of electing Board of Directors,
and the transaction of such other bust
ness as may properly come before the
meeting. Written notices of the annual
stockholders meetings shall be delivered
personally or by depositing it in the Post
office, addressed to the Stockholders
last Known address at least fifteen day
before such meeting. Other stool
holders meetings may be held as pr
vided by the laws of Louisiana. AT all
stockholders meetings each share Of
stock shall be entitled to one vote, I be
voted in accordance with the laws Of
Louisiana.
L..