Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1915-04-23
ACT OF INCORPORATION
me nEuEllroM ELEVATOR COMPANY, INC.
STATE OF LOUISIANA,
PARISH OF TENSAS.

fled according to law, and in the presenc,
OF the witnesses hereafter named and under
etgned, personally came and appeared F. L
Guthrie, c. q. Farrar and s. ID. Farrar, al
residents Of the Parish of Tensas and State o
Louisiana and Oscar Jones "a resident OF Chris
man, Illinois. who severalIy declared to me
Notary, that. availing themselves OF the
Laws and Constitution of Louisiana in sucf
cases made and provided, they CONTRACT
AND AGREE and by these presents bind
themselves, as well as such other persons al
may hereafter be associated with them, &c
form and constitute corporation and body
polite In law for the objects and purposes
and under the agreements and stpulatiOns a.
follows, tO-wit:
ARTICLEI.
The NAME AND TITLE OF this corpora
tiOn 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 Nfnety-n 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
and use a corporate seal. and the same to
alter at pleasure, also to hold, lease. pur.
chase, sell and convey. as well as mortgage
and hypOthecate under its corporate name,
reaI ana 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 aud appoint such managers, directors
ana Omcers 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
corporation as may be necessary and proper,
also to possess and exercise all other powers
and privileges which corporations of similar
character are or may be authorized to pos
sess and exercise under the laws and Con-
st1tuti0n OF the State OF Louisiana.
ARTICLE II.
The PLACE chosen for the domicile of this
Corporation Is NeweiltOn in the Parish of
Tensas and State OF Louisiana.
ARTICLE All.
The PURPOSES for which said Corporation
has been organized are as follows, to-wit:
TO locate, construct. purchase. own, main
PUBLIC BONDED WAREHOUSE in or near
the Village OF NewelitOn In Tensas Parish,
Louisiana, and to this end and for this pur-
pose, 10 locate, construct and maintain such
buildings, warehouses, platforms, railroad
switches, or sidetracks, and al, other appur-
tenances aid accessories necessary for or
Incidental to the business of conducting and
operating grain elevator and public bonded
warehouse.
To purchase, own. maintain and operate,
s snd 70 ALLEVIATE mortgage or pledge all ma
pumps, ana connections, etc., appurtenant
and necessary to the business herein estab-
To buy and sell and trade In grain, hay,
meal, feed stun, seeds, coal, and agricul-
tural implements, and to store, weigh meas
IRE. sample, and class the said articles for
themselves, or for their patrons, and Gus
tomers, and to make and collect such charges
therefor as may be fixed by the authority
neseinalter provided for, to-wit: the Board
And upon complying with Act l5s of the
Acts OF the General Assembly for the year
-. ana with Act No. 21i Of the Acts Of the
Tor 1893, and the Constitution and Laws of the
state Of Louisiana relative hereto, and gov
esnlng the conduct. management and exis-
public warehouse receipts to such person,
pers0ns, nrrns or corporations as may have
st0red With II any Of the above ment oned ar
sad be governed by the laws OF the State of
LOUISIANA made relative thereto.
TO obtain or receive by purchase, grant,
49, OF excnxnge, both real and personal
properly Tor the objects, purposes, intents,
ana business OF this corporation, and the
sane TO sell. part with, ALLEVIATE or convey.
o4,r or y, money Or e. purchase or lease
S0eseructings maintaining and operating the |
pseenese herein provided for, and as evidence |
% s0cn Indebtedness, Of this corporation for |
oeruction Of such property, to issue its cor |
Roeate bonds or promissory notes, bearing |
lntesest Ct such rate per annum as its Board |
elect, payable at such times and places ms |
nay % agreed upon, and for the security of |
s9ca bonds or notes, and the interest thereon.
ital stock, its corporate franchise, and an,
g ~ OF its real or personal property. or
All citations shall be served upon the Pres.
dent, or In his absence, upon the Weep
ooots or the secretary and Treasurer Of this
corporation, or upon any such other person
- nay oe determined upon and designated
ARTICLE
Tho amount of the Capital Stock of tbls cor.
porstion shall be TWELVE THOUSAND
DOLLARS, divided into Twelve Hundred
Inares q the par value of One Hundred Dol
- eacn. tbs charter shall become opera
I've. and this corporation shall commence its
ouslnees a. soon as one-half of its capital
stock Oh II have been subscribed and paid in.
=. me Time and Manner Of paying subscrip-
- determined by the Board of Directors,
out NO stock shall be issued by the corpora
.. unless II be for money or property ac-
Guaiiy received, or for labor performed
In case OF failure on me part of any sub
Dcrtber to pay the whole or any portion of his
sooscription: at the time or in the manner
nxed oy the Board Of Directors. the shares
ps stock subscribed for by him, and all paw
nents heretofore made thereon may at their
oPson De forfeited to the corporation by the
ooero OF directors by service of written
)Qpce ON the delinquent subscriber, and
Allure ON his part 10 pay the balance due e
10 stockhoider Of said corporation shall I
y1qts or faults In any further sum than th..
4xo1d balance OF the shares NJ stock owne, I
PIN. nor shall informality in the organi-
SS D,i na O the eject OF rendering this char
- -
wv beyond the amount Of the stock SUBJ |
ps'ption subscribed by him. Il
ARTICLE vi.
fhe corporate powers of this corporation !
hall be vested In Board of Directors com
.osed OF four members. The first Board OF {
nd constituted as follows, to-wit: i, ID.
IArrar, O. G. Farrar, Oscar Jones and F. L.
suthrie, each owning in his own right and
,npieoged more than one share OF capital
old once until the first Monday in the month !
Z April, 1915. On the first Monday in thu
.onth O. April. 1915, and annually thereafter
general meeting q the stocShoiders of said
orporatton shall be held, and there shall be ,
elected ~ many directors to serve during
se ensuin, year as viii be necessary to COM a
tete the Board. Notice Of the meeting Of
ne stockholders shall be given by publica-
ION In newspaper published in the Parish of =,
:ooaas, louisiana, for fully ten days prior =
ech stOckholder In this corporation
A. all elections the vote of a majority of the
tock present or represented shall be neces-
sry 70 elect, and the majority OF the out e
tsnoin6 shock oil this corporation shall be |
oceesary TO- constitute o quorum at such
!cction, and each stockholder shall be en-
.t!ed TO cast either IN person Ut by proxy ON 4
ote for each share II stock held by him but
40 not vote on any share Of stock transfer
q within ten days prior to an election. All
lirectOrs shall continue In Office until their
Sccsssors are elected, and indicted into
lumber 70 be President of said corporation
nd another To be Vice President, and NAV =,
- from among themselves, or app..int =
S..,r ~ - no are nor directors, another
erson 70 oe secretary and Treasurer of this 4
And the said Board II It so determines, may :,
- appoint an notwithstanding and AS -
or one person to fill both Ia
oetuons. IL may also appoint a General 1,
Ianegsr. and the person or persons to be so :.