Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1915-04-16
ACT OF INCORPORATION
the MEwELL1on ELEVATOR COMPANY, INC
STATE OF LOUISIANA,
PARISH OF TENSAS.


residents OF the Parish of Tensas and State of
Louisiana and Oscar ZONES a resident Of Chris
man, Illinois. who severaiy declared TO me,
notary. that, awaiting Themselves Of the
Laws and Consti uton of Louisiana in such
cases made and provided. they CONTACT
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
ana under the agreements and stpulatons
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
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
ana use corporate seal, and the same to
alter al pleasure, also IL 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
bylaws, rules and regulations for the proper
management and conduct OF affairs Of said
, also to possess and exercise all other powers
ond privileges which corporations of a similar
: character are or may be authorized TO pos
sess and exercise under the laws and Con-
stftution OF the State OF Louisiana.
ARTICLEI III.
The PLACE chosen for the domicile of this
Corporation is NewelltDn 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:
10 locate, construct, purchase. own, main
tain and operate GRAIN ELEVATOR and
PUBLIC BONDED WAREHOUSE in or near
the Village of Neweliton in Tensas Parish.
Louisiana. and to this end and for tnis pur
pose, 10 locate, construct and maintain sucn
buildings, wareh bJses platforms, railroad
switches, or sidetracks, and all other appur.
tenances a Il accessories necessary for ui
Incidental to the business of conduct X aad
warehouse.
To purchase, own. maintain and operat,
ana 10 ALLEVIATE, mortgaS &c or pledge all ma
chlnery. such as engines. boilers, fans.
pumps, and connections, etc., appurtenau
lished.
To buy and sell and trade in grain hay,
meal, feed stuff, seeds, coal, and agricul-
tural implements, and to store, weigh, meas
ure, sample, and class the said articles for
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 1856 of the
Acts Of the General Assembly for the year
1eos, 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
erntng the conduct, management and exis-
tence OF public bonded warehouses, to issue
public warehouse receipts to such person,
persons, firms or corporations as may have
stored with IL any of the above ment oned ar
ticles, which said receipts are to conform
and be governed by the laws Of the State of
LOUISIANA made relative thereto.
70 obtain or receive by purchase, grant,
gin or exchange, both real and personal
and business of this corporation, and the
same TO sell, part with, ALLEVIATE or convey.
TO borrow money or to purchase or lease
property on its own credit, for the purpose of
constructing, maintaining and operating the
business herein provided for, and as evidence
OF such Indebtedness, of this corporation for
ouch loans, or for the purchase, lease or con-
struction Of such property, to issue it's cor
p0rate bonds or promissOry notes, bearing
interest at such rate per annum as its Board
OF Directors hereinafter provided for may
elect, payable at such times and places as
may be agreed upon, and for the security of
ouch BONDS or notes, and the interest thereon,
20 mortgage and pledge its property, its cap
ttal stock, It's corporate franchise, and an.
or all OF Its real r personal property. OF
both.
ARTICLEIv.
All citations shall he served upon the p. e,i-
dent, or in mis- absence. upon the Vice Pres
dent, or the Secretary and Treasurer of It's
Corporation, or upon any such other person
q may be determined upon and designated
by this corporation.
ARTICLEv.
The amount of the Capital Stock of this cor
poration snail be TWELVE THOUSAND
. DOLLARS, divi Ted into Twelve Hundred
Shares OF the par value of One Hundred Dol
lars each. This charter shall become opera
tive, and this corporation shall commence its
business as soon a. One-haif of its capital
stock sh II have been subscribed and paid in.
=, The Time 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
tton unless II be for money or property ac-
tually received. or for labor performed.
In case of failure on The part Of any SUBJ
scrlber to pay the whole or any portion of his
subscription, at the time or In TIE manner
nxed ny ,he Board of Directors, the snares
OF stock subscribed for by him, and all pay
ments heretofore made thereon may at their
option be forfeited to the corporation by the
Board OF Directors by service of written
notice on the Delinquent, subscriber, and
failure on aus part To pas the eaance due.
NO stockholder OF said corporation shah
ever be liable or held responsible for its con-
tracts or faults In any further sum than the
unpaid bGlaBce OF the shares Of stock owned
Z BY him, nor shall informally in the organ-
ter null, or exposing stakeholder To any liza
bflity beyond the amount o. the stock sub
scription subscribed by him.
ARTICLE
The corporate powers of this corporation
shail be vested in Board of Directors COM
posed of four members. The first Board of
Directors shall consist of and be composed
and constituted as follows, to-wit: =. ID.
Fsrrar, L. G. Fariar, oscar Jones and +. l..
Guthrie. each owning in his own right and
unpledged more than one share oil capital
stock. The Directors herein named shall
hold office until the first Monday In the month
OF April, 1916. On the Arst Monday "a the
month 4 April, 1915, and annually III reafter
on the first Monday in April of each wear. a
general meeting of the stool nolders Of sai1
corporation shall be held, and there shall be
selected AS many directors TO serve during
the ensuin year a viii be necessary to m
plete the Board. NOice Of thu meetng Of
the stock olders shall he given by publIca-
ton In newspaperpr blished in the iris. of
Tensas. LOUISIANA. for fully ten days prior
thereto, or by a ten days notice in writing to
each stakeholder q this corporation.
AT all elections the vote OF a majority of the
stock present or represented shall be neces-
nary To elect, and the majority OF tae out
standing stock Of this corporation shah he
necessary To constitute quorum at such
election, aud each stakeholder shall be en-
titled To cast either In person or by proxy one
vote for each share Of stock held BY him, but
can not vote on any share of stock transfer
red within ten days prior to an election. All
Directors shall continue in office until their
successors are elected, and indicted into
once. The Directors shall elect one of their
number to be President of said corporation
and another To he Vice President, and NAV
elect from among themselves or amp. int
Qom others who are not directors, another
person To be Secretary and Treasurer of this
corporation.
And the said Board II it so determines, may
alsO appoint an Assistant secretary and As
ststant-treasurer. or one person to iii both
positions. IL may also appoint a General
Manager, and the person or persons 10 be so
appointed need not necessarily he stock
holder or director of said corporation. and
the said Board may also appoint such other
officers and employees as q NAV deem neces-
In al