Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1915-05-21
ACT OF INCORPORATION
the NEWEllI0N ELEVATOR COMPANY, INC.
STATE OF LOUISIANA,
PARISH OF TENSAS.

STATE OF LOUISIANA,
PARISH OF TENSAS.
BE 1T KNOWN AND REMEMBERED. That
on this the 23rd day of March, A. ID. 1915 be-
fore me, Martin Jacoby, Notary Public in and
Tor the Parish Of Tensas and State of Louis
lana aforesaid. duly commissioned and quail
lned according to law. and In the presence
Of the witnesses hereafter named and under
signed, personally came and appeared +. L.
Guthrie, G. &. Farrar and s. ID. Farrar all
residents of the Parish of Tensas and state of
Louisiana and Oscar Jones "A Resident of hris-
man, Illinois, who seyerally declared To me,
Notary, that, ayailing 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 rs
may hereafter be associated with them, 10
form and constitute corporation and body
polite in law for the objects and purposes,
ana under the agreements and stipuiations as
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 term
Oh Ninety-nine years from the date Of this act 4,
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 mOrtga ge
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-
lions 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
bylaws, rules and regulations for the proper
management and conduct of affairs Uf 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.
ARTICLE
The PLACE chosen for the domicile Of this
Corporation is Newellton 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 a GRAIN ELEVATOR and
PUBLIC BONDED WAREHOUSE in or near
the Village of Newellton in Tensas Parish,
Louisiana, and To this end and for this pur-
pose, 10 locate, construct and maintain su n
buildings, warehouses, platforms, railro I'll
switches, or sidetracks, and all other appUr-
tenances aud accessories necessary for Or
incidental TO the business of conducting ~
operating grain elevator and public bonded
warehouse.
To purchase, own. maintain and operate,
and To ALLEVIATE, mortgage or pledge all ma
chinery, such as engines, boilers, fans,
pumps, and connections, etc, appurtenant
and necessary to the business herein estab-
lished.
To buy and sell and trade in grain hay
meal, feed stun, seeds, coal, and agricul-
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 Board
of Directors.
And upon complying with Act I55 of the
Acts OF the General Assembly for the year
1885, and with Act No. Zkl of the Acts of the
General Assembly of the State of Louisiana
Tor 1905, and the Constitution and Laws of the
State of Louisiana relative hereto, and gov
ernlng the conduct, management and exis-
tence OF public bonded warehouses, To issue
public warehouse receipts To sucn person,
persons, firms or corporations as may have
stored with lt any of the above ment oned ar
ticles, which said receipts to conform
and be governed by the law Of the state of
Louisiana made re.ative thereto.
To OBTAIN or receive by purchase, grant,
gift or exchange, both Real aud personal
property Tor the objects, purposes, intents,
and business Of TINS corporation, and the
same To sell part with. ALLEVIATE or convey.
To borrow money or 10 purchase or lease
property on It's own credit, Tor the purpose of
constructing, maintaining and operating the
business herein provided for, and as evidence
OF sucn Indebtedness, Of this corporation for
such loans, or FOR the purchase, lease or con-
struction OF such property, 40 issue its cor
porate bonds or promissory no1es, bearing
interest at such rate per annum as les Boaru
elect. payable at such times and places as
may be agreed upon, and for the security of
sucn Oonds or notes, and the interest thereon,
to mortgage and pledge its property, ITS cap
ital stock, its corporate franchise, ana any
or all vi ITS real or personal properly, Or
both.
ARrICLEIy.
All citations shall be served upon the Presi-
dent, or In his absence, upon the Nice-P Pref
dent, or the secretary and Treasurer at this
or upOi ANY such otler person
as may be determined uDoa ani desisdated
by TINS corporation.
ARTICLE
The amount of the Capital Stock Off cor
pOration snail DC TWELVE THOUSAND
divided into Twelve Hundred
Shares Of che par vaiue of Ohe Hundred Dol
lars each. This charter snail become opera
tive, and this corporation shall commence its
stock sh II have been subscribed and paid in.
Tne Tine and Manner of paying suDscrip-
lions for stock of the said corporation shall
be determined by the Board OF Directors,
but no stock shall be issued by the corpora
ton unless it be for money or property ac-
fually received, or for labor performed.
In case OF failure on The part of any sub
scriber to pay the whole or any portion of his
at the time or in the manner
txed by the Board of Directors, the shares
1f stock subscribed for by him, and all pay
ments heretofore made thereon may at tneir
option be forfeited to the corporation by the
Board OF Directors by service OF written
allure on his part to pay the balance due.
No stockholder of said corporation shall
aver be liable or held responsible for its con-
racts or faults in any further sum than the
unpaid balance Of the shares of stock owned
~ him, nor shall informality in the organi-
,ation have the effect of rendering this char
er null, or exposing stockholder To any La
,iity beyond the amount of the stock sub
'cription subscribed by him.
sn.z ARTICLE vi.
III n
hall be vested in Board of Directors COM
POSED of four members. The first Board of
directors shall consist Of and be composed
md constituted as follows, to-wt: s., ID.
'arrar, Z. c. Farrar, Oscar Jones and r. l..
iuthrie, each owning In his own right and
lppledged more than one share of capital
,old Office until the first Monday in the month
II April, 1916, On the first Monday in the
month Of April. 1916, and annually thereafter
~ the nrst Monday In, IN Aprl is 0l each year.
corporation shall be held, and there shall he
as many directors to serve during
ne ensuing year as will be necessary To com
,lete the Board. Notice OF the meeting of
he stockholders shall he given by publica-
ion In newspaper published in the Parish of
rensas, Louisiana, for fully ten days prior
hereto, or by ten days notice in writing To
ZACH stakeholder in this corporation.
Al all elections the vote of "A majority of the
took present or represented shall be neces-
ary 10 elect, and the majority of the out
tahding stock OF this corporation shall be
necessary TO constitute "A quorum at such
election, and each stakeholder shall he en-
tiled TO cast either in person or by proxy one
-ote for each shape of stock held nv him. but
an not vote on any share of stock transfer
ed within ten days prior To an election. All
directors shall continue in office until their
successors are elected, and indicted into
,ffice. The Directors shall elect one of their
lumber to be President of said corporation
nd another To be Nice-Presdent, and may
lect from among themselves, or appoint
rom others VINO are not directors, another