The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1917-05-17
Charter
The Farmers Gin Com
Dany. Incorporated.

-OF-
The Farmers Gin Com
pany, Incorporated.
State of Louisiana, Before me, the un-
Parish Of Bossier. dersighed author
ty, came and appeared, G. I. Mays,
+. P. Keith, S. II. Cochran, r. r.
Cheshire, G. G. Allen, S. L. Demoss
and R. B. Wise, al residents Of Bos-
;ier Parish, Louisiana, represented by
he said G. T. Mays, who declare,
That, ayailing themselves Of the
avs of the State of Louisiana rcla-
i've to corporations, they have cove
nanted and agreed, and by these pres
ents do covenant and agree, and bind
as we'll as other persons
as may hereafter become associated
with them to form and constitute
and body polite in law,
for the object and purposes, and
under the stipulations and conditions
following:
ARTICLE /.
The name and title Of said corpo-
ration shall e>"Thc Farmers Gin
Company, Incorporated" and it's
domicile is hereby fixed at Plain Deal
ing, Bossier Parish, Louisiana, and
under its corporate name said corpo-
ration shall have power and authority
to contract, sue and be sued. to make
and use a corporate seal, and the
same to change at pleasure; to hold,
purchase. improve, ALLEVIATE. convey,
borrow, buy, mortgage and hypothc-
cate, under its corporate name, prop
erty real. personal and mixed. and to
do all things and acts permitted by
law, and necessary to perform and
carry On the, objects and purposes Of
said corporation.
The President. or in his absence,
the Vicepres;dent, shall be the proper
person upon whom legal process shall
be served. This corporation. unless
scorer dissolved. in accordance with
its charter. shall exist and endure for
a period Of twenty f20) years, from
and after the date hereof.
ARTICLE IL.
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
a public ginery in the town of Plain
Dealing, La, and to operate grist
mill, to buy and SCI cotton ard cot
ton seed. and generally to DO all such
acts and thincs as are necessary OF
incident to the purposes herein set
forth.
ARTICLE III.
The capital stock of this corpora
tion is hereby declared to he. and is
fixed at the sum Of Fifteen Thcusand
Hollars ISIS. 00O.0o) divided into sis
hundred shares Of Twenty-Five
fs25.G0, dollars cach. The corpora.
ton shall be considered a geinr con.
Germ whenever Seven Thousand Five
Hundred (s7.500Onl Dol'ars shall
have been subscribed for. and Three
Thousand Sever Hundred ord Fifty
| 3.750.00) Dollars shall have beer
actually paid in. and the balance
shall be paid whenever the Beard Of
Directors shall demand.
ARTICLE Nv.
The corporate powers of this cor
roration shall be vested and exercised
bv a board Of seven directors, who
shall for the present be, G. T. 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 sale
board, G. T. Mays shall be President
/ j. p. Keeth. Vicepresident, and S. H
! Cochran. Secretary-Treasurer, wht
shall hold their offices until the neg
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 be held
of which meetings notice shall b.
given by written notice directed I,
the last known place Of residence O
the stockholders, provided such notic'
NAV be waived by the consent Of tn,
stockholders.
ARTICLE ".
The Board Of Directors shall hav,
full power to fill vacancies in thei
number caused by death, resignation
or otherwise, and from the stock
holders of the company; they shall
have full control of the propsrty O.
the company, and shall so conduct
manage and use same as they deem
best, and is consistent to the object
land purposes of this corporation
they are authorized and empowere,
to frame and adopt such bylaws en-,
regulations as the affairs and bus;
ness of the company may require
and employ all officers, agents, EN-
lployees, servants and clerks as the,
may deem necessarN, and fix tn,
salaries Of such EMPLOYEES as we'll a
the salaries Of the officers provides
for by the stlpulations Of this charter
ARTICLE VI.
This charter may be amended o
abolished, or the capital stock there
increased or diminished, by a vote o
two-thirds of the stockholders, cas-
at meeting called for that purpose
Each share of stock shall be cntitse
to one vote, to be cast by the owne
in person or by proxy. No meetin,
shall be called for this purpose with
out written notice to each stock
holder. When this CORPORATION is dis
solved, its affairs shall be liquidate
by two liquidators, to be selected b.
the stockholders.
/ ARTICLE VII.
| Nc stakeholder Of this corporation
shall be liable for any Of the oblipa
lions Of this corporation any turtle
than the unpaid balance due the col
Iporation on the shares of stock sub
Iscribed for and owned by him.
/ Thus done and passed in the Paris