St. Landry clarion. (Opelousas, La.) 1890-1921, 1915-05-29
CHARTER.
1.-THE Palmetto Products Company

"The Palmetto Products Company
STATE OF LOUISIANA.
PARISH OF ST. LANDRY.
BE 1T KNOWN, That on this thir-
tieth day of the month of April, in
the year of our Lord, One Thousand
Nine Hundred and Fifteen, before
me,
ROY D. EDWARDS,
a Notary Public, dluy commission
ed, qualified and sworn, in and for
the Parish and State above written,
and in the presence of the witness
es hereinafter named and under
signed. personally came and ap-
peared the persons whose names
are hereunto subscribed, all Of the
full age of majority, who, seyerally
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 1888,
they have eoYenanted 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 I.
The name. of this corporation
shall be THE PALMETTO PROD
UCTS 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;
10 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 OF 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 ~operatesa 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 m~anufactur-
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 and
twenty (i201 shares at the par value
of Fifty 1850 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 this
corporation shall be vested in a
Beard of Directors composed Of
four stockholders, which Board
shall be elected on the first Mon
day in June of each and every year,
beginning in the year of 1916, each
share of stock being entitled to one
vote, to be cast by the owner there
Of either in person or by proxy, and
a majority Of votes shall elect. Ten
days prior notice to be given each
stakeholder Of such election by no
tice mailed to him at postofflce to
which he has directed the said no
tice to be sent on registering his
stock. Vacancies occurring on the
Board shall be filed by the remain
ing Directors and three Directors
shall constitute a quorum for the
transaction of business.
At the first meeting following
each election, the Board of Direc-
tors shall elect from their number
a President and Manager, a Vice
President, a Secretary and Treas
urer. The Board of Directors may
establish such rules and regula-
tions that they may deem requisite
for the management of the bust
ness of this corporation.
The first Board of Directors
shall be composed Of Austin A.
Richard, Jake Meyer. William Fitz-
maurice and Charlie Joseph, with
the said Austin A. Richard, as Pres
ident and Managr; Jake Meyer, as
Viee-Presiden; and William Fitz-