The Bossier banner., 1917-05-24
Charter
The Farmers Gin Com
Dany. incorporated.

pdnys lnCOIPOiotCu'
State of Louisiana, Before me, the un-
Parish Of Bossier. dersighed author
ity, came and appeared, G. i. Mays
j. P. Keeth, S. H. Cochran, r. 4.
Cheshire, G. G. Allen, s. 7. Demoss
and R. B. Wise, all residents of Bos-
sier Parish, Louisiana, represented by
the said G. T. Mays, who declare,
That, availing themselves OF the
laws of the State Of Louisiana rela-
tive to corporations, they have cove
nanted and agreed, and by these pres
ents do covenant and agree, and bind
themselves, as well as other persons
as may hereafter become associated
with them to form and constitute a
corporation and body polite in law,
for the object and purposes, and
under the stipulations and conditions
following:
The name and title of said corpo-
ration shall be "The Farmers Gin
Company, Incorporated" and its
domicile is hereby fixed at Plain Deal
ing, Bossier Parish, Louisiana, and
under it's corporate name said corpo-
ration shall have power and authority
to contract, sue and be sued, to make
and use corporate seal, and the
same to change at pleasure; to hold,
purchase. improve, ALLEVIATE, convey,
borrow, buy, mortgage and hypothe-
cate, under it's corporate name, prop
ertv real, nersonal and mixed. and to
do all things and acts permitted by
law, and necessary to perform and
1 fha rhSnofc oy,d nf
said corporation.
the Vicepres;dent, shall be the proper
person upon whom legal process shall
be served. This corporation, unless
sooner dissolved, in accordance with
its charter. shall exist and endure for
q period Of twenty COY years, from
and after the date hereof.
ARTICLE II.
The objects and purposes for which
this corporation is organized and the
nature of the business to be carried
on bv it are hereby declared to be.
for the construction and operation of
public ginery in the town of Plain
Dealing, La, and to operate grist
mill, to buy and sell cotton and cot
ton seed, and generally to do all such
acts and thirgs as are necessary or
incident to the purposes herein set
forth.
ARTICLE III.
The canital stock Of this corpora
ton is hereby declared to be. and is
fixed at the sum of Fifteen Thousand
no'lars (s15. 5.000.oo) divided into siS
hundred shares of Twenty-Five
! IN TLO
ton shall be considered gcing con.
cern whenever Seven Thousand Five
. Hundred (s7.50O.0o, Dollars shall
have been subscribed for. and Three
Thousand Seven Hundred and Fifty
(s2.75O.00> Dollars shall have beer
actually paid in, and the balance
. shall be paid whenever the Board Of
Directors shall demand.
ARTICLE w.
The corporate powers of this cor
poration shall be vested and exercised
: bv a board of seven directors. wht
, shall for the present be, G. 7. Mays
j. P. Keeth, S. H. Cochran, R. r
; Cheshire. G.. G. Allen, S. L. Demos
:, and R. B. Wise. all residents Of Bos
, sier Parish. Louisiana Of which sail
!. board. G. T. Mays shall be President
T. P. Keeth. Vicepresident, and S. H
r Cochran. Secretary-Treasurer. VIII
1 shall bold their offices until the mex
| regular meeting Of the stockholders
! for the election of the Board Of Di
!, rectors, which shall be held not late
: than January 1, 1918, and annually
> Stockholders meetings shall he held
2 of which meetings notice shall b
l. l. ASrortod r.
r the last known place Of residence o
|. the stockholders. provided such motto
a NAV he waived by the consent of tn
= stockholders.
!. ARTICLE v.
!, The Board Of Directors shall hav
? full power to fill vacancies in thei
:. number caused by death, resignation
X or otherwise, and from the stock
holders of the company; they sha
= have full control of the property 0
the company, and shall so conduc1
manage and use same as they deer
best, and is consistent to the object
and purposes Of this corporation
e they are authorized and cmpowere
y to frame and adopt such bylaws an
regulations as the affairs and bus
l. ness of the company may require
and employ all officers, agents, en-
ployees, servants and clerks as the
may deem necessary, and fix tn
d salaries of such employees as well 8
le the salaries of the officers provide
-e for by the stipulations of this charte
n. ARTICLE VI.
c. This charter may be amended {
At abolished, or the capital stock there
j j increased or diminished, by vote {
:. two-thirds Of the stockholders, ca
at meeting called for that purpos
Each share Of stock shall be EMIT 6
Is to one vote, to be cast by the ownt
IN in person or by proxy. No meetir
Of shall be called for this purpose wit
G, out written notice to each stocl
IL holder. When this corporation is di
q solved, its affairs shall be Hquidats
- by two liquidators, to be selected /
=. ~ the stockholders.
:. ARTICLE VII.
~ No stockho.der Of this corporate
= shall be liable for any Of the oblig
4. tions of this corporation any furth
e. than the unpaid balance due the co
sr. pcration on the shares Of stock su
ut scribed for and owned by him.
ov Thus done and passed in the Pari
- of Bossier, State Of Louisiana, in Il
= presence Of the undersigned comp
cs tent witnesses, on this the 18th d;
rs of April, A. D. 1917.
Is. S. H. COCHRAN.
We G.. T. MAYS.
ng J.P. KEITH (by G. T. Mays.)
Sc r. r. CHESHIRE (by G. T.. Mays
ac- ". ". ALlEN 10Y ". Mays.l
We =. =. DEnooo Wy ". Ways