The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1917-05-31
Cha rter


The Farmers Gin Com
pany, Incorporated.
State of Louisiana, | Before me, the I'M
Parrish of Bossier. dersighed author
ity, came and appeared, G. I. Mays,
]. p. Keith, S. HI. Cochran, r. r.
Cheshire, C. G. Allen, S. L. Demoss
and r. B. Wise, all residents of Bos-
sier Parish, Louisiana, represented by
the said G. T. Mays, who declare,
Arhat, 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
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 "Thc Farmers Gin
Company, Incorporated" and its
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 corporate seal, and the
same to change at pleasure; to hold,
purchase. improve, ALLEVIATE, convey,
borrow, buy. mortgage and hypothe-
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:d dent, shat be the proper
/ person upon whom lega! process shall
be served. This corporation, unless
sooner dissolved, in accordance with
its charter. shall exist and endure for
q period of twenty i20) 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 by 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 and cot
ton seed. and generally to do all such
acts and things as are necessary or
incident to the purposes herein set
forth.
ARTICLE III.
The capital stock Of this corpora
ton is hereby declared to be. and is
fixed at the sum of Fifteen Thousand
1 Ecllars (S15.OOO.0O) divided into six
hundred shares Of Twenty-Five
fs25.HO, dollars each. The corpora
It;oa shall be considered going con-
Germ whenever Seven Thousand Five
Hundred (S75O0.00l norars shall
have been subscribed for. and Three
Thnueard Sever Hundred and Fifty
(s3750.0O) Dollars shall have been
actually paid in. and the balance
shall be paid whenever the Board of
Directors shall demand.
ARTICLE ".
i The corporate powers of this cor
pcration shall be vested and exercised
bv 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. Demoss
and R. B. Wise. all residents of Bos-
sier Parish. Louisiana. Of which said
board. G. T. Mays shall be President
II. P. Keeth. Vicepresident, and S. H.
Cochran. Secretary Treasurer, who
shall hold their offices until the next
regular meeting of the stockholders
for the election of the Board of Di.
rectors, which shall be held not later
than January 1, 1918, and annually
Stockholders meetings shall be held
of which meetings :. notice shall be
Igiven by written notice directed to
the last known place of residence OF
the stockholders, provided such notice
nav he waived by the consent of the
ARTICLE
The Board Of Directors shall have
full power to fill vacancies in thcil
} number caused by death, resignation
or otherwise, and from the stock.
holders of the company; they shall
have full control Of the property Of
the company, and shall SO conduct
manage and use same as they deem
best, and is consistent to the objects
and purposes of this corporation;
they are authorized and empowered
to frame and adopt such bylaws and
regulations as the affairs and bus.
ness Of the company may require
and employ all officers, agents, EN-.
ployees, servants and clerks as they
may deem necessary, and fix the
salaries of such employees as well as
the salaries of the officers provided
for by the ssipulations Of this charter
ARTICLE VI.
This charter may be amended OF
abolished, or the capital stock thereof
increased or diminished, by vote oil
|, two-thirds Of the stockholders, cas-,
lat meeting called for that purpose
Each share of stock shall be EMIT ee
to one vote, to be cast by the owner
in person or by proxy. No meeting
shall be called for this purpose with
out written notice to each stock
. holder. When this corporation is dis
solved lie affairs shall ho linuido+ 81