St. Landry clarion. (Opelousas, La.) 1890-1921, 1915-05-22
CHARTER.
The Palmetto Products Comnanv,

me Palmetto Products Company
SiaIE OF LOUISIANA.
PAKIsH OF ST. LANDRY
De Ii KNOWN, That on this thir-
e.etn Gay OF the month of April. in
me year OF our Lord, One Thousand
Nlhe hundred and Fifteen. before
me, osioie
ROY D. EDWARDS.
a Notary Public, dluy commission
&c quaiified and sworn. in and for
the Parish and State above written
ana IN M presence of the witness
Is hereinafter named and under
signed, personally came and
peared the persons whose names
are nereunto subscribed. all If fha
luii age of majority, who severally
declared, that availing themselves
OF the laws of the State of Louis
iana relative to the organization
OF corporations, and more nartic-
uiariy to Act No. So of the Acts of
the General Assembly of the State
OF Louisiana for the year 1888.
tney 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
LOT the objects and purposes and
under the agreements and stipula-
lions following. to-wit:
ARTICLE I.
The name of this corporation
shall be THE PALMETTO PROD
UGIS COMPANY" and under it's
said corporate name shall enioy
succession for the full term of nine
ty-nlne years from date hereof:
shall be entitled to sue and be sued:
to contract; to receive, lease, pur-
chase, hold and convey, as well as
to mortgage property, real, personal
and mixed; to name and appoint
such managers and agents as as
its business interests may require.
ARTICLE II.
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
Of 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 buy and sell moss and to
do and perform all things appro-
pirate or appertaining thereto.
To buy and sell live stock, poul-
try, eggs, truck, grain; and, in fact,
all kinds of products.
To own and operate manufacture
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 anG
twenty 400 shares at the par value
of Fifty $50 Dollars each, which
shall be paid for in cash, material
furnished or labor actually per-
formed, as the Board Of Directors
may determine.
ARTICLE V.
The corporate powers of thi:
corporation shall be vested in {
Board of Directors composed o.
four stockholders, which Boart
shall be elected on the first Mon.
day in June of each and every year
beginning in the year of 1916, eacl
share of stock being entitled to on
vote, to be cast by the owner there.
Of either in person or by proxy, AM
a majority of votes shall elect. Tel
days prior notice to be given eacl
stakeholder of such election by no
tiee mailed to him at postotfice t.
which he has directed the said no
tice to be sent on registering hi
stock. Vacancies occurring on TIL
Board shall be flied by the remain
ing Directors and three Director
shall constitute a quorum for tn
transaction of business.
At the first meeting followin
each election, the Board of Diree
tors shall elect from their humble
a President and Manager, a Vice
President, a Secretary and Treas
urer. The Board of Directors ma
establish such rules and regula
tons that they may deem requisIt
for the management OF the busl
ness of this corporation.
The first Board Of Director
shall be composed of Austin
J Richard. Jake Meyer. William Fitz
maurice and Charlie Joseph, wit
the said Austin A. Richard, as Pres
ident and Managr; Jake Meyer,
yiee-Presiden; and William FIT
maurice, as Secretary and Treas
urer. who shall hold their Office UT
iii the first Monday in June, 1871
or until their successors are cleo
ed and qualified.
ARTICLE VT.
At the dissolution Of this eorpol
{ alton. by limitation or otherWis
). the affairs thereof shall De Iqu
I dated by the Members of the Boar
l Of Directors as a Liquidating Con
mitfee.