Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1916-03-03

sents, bind themselves as we'll as such other
Ipersons as may hereafter be associated with
them. to form and constitute q corporation
and body polite in law for the objects ana
PURPOSES and under the agreement and stip-
ulations as follows. to-wit:
! ARTICLE I.
| The NAME AND TITLE of this corporation
shall he KENILwORTH PLANTATION. INC,
aud by said name said corporation shall have
succession and corporate existence for and
during the full term of ninety-n nine 1897 years
from the date of this act, unless sooner dis
solved, and by said name 1t may sue and be
and use a corporate seal, and the same TO
alter at pleasure; also TO hold, lease, pur-
chase. sell and convey, as well as TO mort
gage aud hyphothefate under its corporate
name real and personal property OF each ana
every kind and character: also to borrow
money and give securely therefor: to make
contracts and receive grants and donations
of real and personal property; to operate
farms and plantations, and produce crops or
cotton. corn. hay. oats. rice and other
agricultural products. and to raise stock
thereOn also to appoint such managers. d.
rectors and officers as its interest and conve-
nience may require. and to establish such
bylaws. rules and regulations for the proper
management and conduct of. its affatrs as
may be necessary; also to possess and exer-
else all other powers and priveleges which
corporations of a similar character are or
NAV be authorized to possess and exercise
under the laws and constitution OF the State
OF Louisiana.
The PLACE chosen for the domicile of this
Gornorat ~ is the Town Of Newellton IN the
| ARTICLE III.
Il The PURPOSES for which this corporation
IS organized are as follow, to-wit;
| To produce. own. maintain, and operate a
plantation or plantations I'm the Parish Of
Tensas and state Of Louisiana. and to this
end and for this purpose tn build, and main
tain such appurtenances and accessories as
may be necessary for or incidental no the
business OF farming or operating plantation
or plantations
To purchase. own. maintain and operate,
and to ALLEVIATE, mortgage or pledge. all such
work stock, cattle. hogs. agricultural impfe-
m"nts or TOOLS or other appurtenances neces-
sary tn the business of earring on q stock
farm or agricultural plantation.
To buy and sell and deal In grain. hay,
seeds. cotton and other agricultural pro-
duets. and to operate in connection with the
| operations of said plantations a mercantile
business. and In connection Herewith to buy
and sell and carry in stock such things and
articles as are usually dealt in, in plantation
stores.
To obtain or receive by purchase, grant.
gift or exchange, both real and personal
property for the objects purposes intents
and business Of this corporation, aud the
same to sell, part with. ALLEVIATE or convey.
lporperty on its own credit for the purpose OF
operating the business herein provided for.
and AZ evidence Of such Indebtedness for
such loans or for the purchase or lease OF
such property, to issue its corporate boods
or promissOry note, bearing interest at such
rate as its Board Of Directors hereinafter
provided for may elect. payable at such
times and places as may be agreed upon.
such bonds or notes to be signed by the
President and counter-signed by the secre
tary -Treasurer. and for the security of such
bonds or notes and the interest thereon to
mortgage and pledge its property, its capt.
tai stock, its corporate franchise, and any
or all OF its real or personal property, or
both.
ARTICLE
| All citations shall be served upon the Pres
dent' or in, in his absence upon the
poratlon. or upon any such other person a.
may be determined and designated by this
corporation.
ARTICLEv.
!: The amount of capital stock Of this corpor-
alton shall be SEVENTY-FIVE THOUSAND
DOLLARS, divided into Seven Hundred Fiji
" shares OF the par value of One Hundred
operative and this corportion shall commence
its business as soon as one half of its capt.
tai stock has been subscribed and paid in:
= | The time and manner of paying for stock of
said corporation shall be determined by the
, Board Of Directors, but no stock shall be
issued by the corporation unless 1t be for
m money or property actually received or for
In case of failure on the part of any sub
| scriber to pay the whole or any portion Of his
subscription at the time or In the manner fixed
r by the Board of Directors. the shares Of
, stock subscribed for by him and all payment
heretofore made thereon may at their option
OF Directors by the service Of written notice
r on the delinquent subscriber, and failure to
pay the balance due thereon
No stOckholder of said corporation shall
> ever be liable or held responsible for its con-
tracts or faults in any further sum than the
: unpaid balance OF the shares Of stock owned
ton have the effect Of rendering this charter
null or exposing the stakeholder 70 any
| liability beyond the amount of stock SUBJ
scription subscribed by him.
, ARTICLE vi.
The corporate powers of this corporation
posed Of three members. The first Board Of
Directors shall consist of and be compOsed
, and constitute as follows: Alva F. Moore
right and unpledge $50 shares OF the capital
stock Of said corporations; Arthur Moore.
weNellton, Louisiana. who owns In his own
right and unpledged $50 shares Of capital stock
of said corporation. and L. L. LaPlue Of
Bridgeport. Illinois, who owns in his own
right and unpledged $50 shares OF capital stock
The Directors herein named shall hold Of
flee until the first Monday In the month OF
January, 1913, and annually thereafter on the
eral meeting Of the stockholders Of said cor
pOratiOn shall be held and there shall be
selected as many directors to serve during
the ensuing year as will be necessary to COM
plete the Board. Notice OF the meeting Of
the stockholders shall be given by publication
. in a newspaper published in the Parish Of
Tansas, Louisiana, for fully ten days prior
thereto, or by ten days notice In writing to
each stakeholder in this CORPORATION
At all elections the vote of majority OF the
stock present and represented shall be mecca
sary to elect. and the marjorty of the out
; standing stock Of this corporation shall be
necessary to constitute quorum at such
election, and 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 cannot vote on any share of stock trans
fered within ten days prior to an election.
All Directors shall continue In once until
their successors are elected. and indicted
their number to be President of said corpora
tion and another to be Vice-presdent, and
may elect from among themselves, or appoint
from others who are not directors, another
person to be ecretary Treasurer Of this
, corporation.
may also appoint an Assistant Secretary and
and Assistant Treasurer, or one person TO all
both positions. IL may also appoint Gem
eral Manager, and the person or persons 70
he so appointed need not necessarily be .
stakeholder or director of said corporation,
and the said Board may also appoint such
other officers and employees as It may deem
vacancies occurring in its own body, to make
all necessary bylaws rules and regulations
for the government Of the business and sf-
fairs Of this corporation, and to change the
same ut pleasure as II may determines. 8
: ARTICLE VII.
This corporation may be dissolved by the
assent OF three-fourths of its 0utstandlag
, capital stock at a general meeting conveqod
for such purpose. after thirty days notCoe
shall have been given OF such meeting. BY
advertisement in newspaper In the rarish
OF Tensas, or bya thirty days written notice
to each stOckholder.
The capital stock OF this corporation may
, hs.i aaA In n