St. Landry clarion. (Opelousas, La.) 1890-1921, 1915-06-05

0o1 xoSae AA41 u LAX
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 partic-
ularly to Act No. So of the Acts OF
the General Assembly of the State
Of Louisiana for the year 1883,
they have covenanted and agreed,
and do by these presents covenant
and agree, bind, form and consti-
tute themselves, as well 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 stipula-
tons following, to-wit:
ARTICLE +.
The name of this corporation
shall be THE PALMETTO PROD
UGTS COMPANY" and under its
said corporate name shall enjoy
succession for the full term of nine
ty-nine years from date hereof;
shall be entitled to sue and be sued;
to contract; to receive, lease, pur-
chase, 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 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-I
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 " and operate q cotton GIN
merry: to store, weigh and ware
house cotton and cotton seed; TO
buy and sell cotton, cotton SEED ana
to do and perform all things ger
name or incident thereto.
To own and operate 9 moss Iac-
kory: to bay and sell moss and 70.
eo1ss -.u 4h;n0o annr0-
do and perform 81 s.I hena
pirate or appertallliis .nei
To buy and sell live stock, poul-
try, eggs, truck, grain; and, in Fact
ali kinds of products.
TO own and operate manufactur-
ing establishments, or any and all
kinds OF establishments as u ma
deem fit.
ARTICLE ".
The capital stock Of this corpora
| ton ID hereby fixed at Six Thou
sand $4,000 Dollars, divided into
and represented by one hundred and
twenty {i2O) shares at the par value
| of Fifty $3.50 Dollars each, which
| shall be paid for in cash, material
furnished or labor actually per-
| formed, as the Board Of directors
NAV determine.
ARTICLE v.
T,a .ornorate over of this
anaarat;ar shal, be vested in a
pnana ~ nirecfora composed OF
fn,,r stockholders. which Board
sbau he alacted on the first Mon
5aa !, I,,na If each and every year,
aas - = The year Of 1916, each
shsna af stock being entitled TO one
s.asa - no east by the owner there
- a;,bar in nerson or by proxy, and
maiority Of votes shall elect. Ten
dave nrior notice to be given each
ssockholder Of such election by mo-
t;ca mailed to him at p~ostoffiee 70
a,b;eh he has directed the said no
toe tn be sent on registering ms
stock. Vacancies occurring on the
Rood ahall be filled by the remain
inc Directors and three Directors
shall constitute a quorum for the
transaction of business.
At the first meeting following
each election, the Board OF Dlrec-
tors shall elect from Their md