The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1917-05-10
Charter
The Farmers Gin Com
pdny, Incorporated.

State Of Louisiana, Before me, the I'M
Parish of Booster. ! dersighed author
ity, came and appeared, G. T. Mays,
j. P. Keith, S. H. 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,
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
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:
ARTICLE I.
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 a 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 Viceprcs;dcnt, shall, be the proper
person upon whom legal process shall
be served. This. corporation, unless
sooner dissolved, in accordance with
it's charter. shall exist and endure for
a 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 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 he, and is
fixed at the sum of Fifteen Thousand
Dollars (s15.00o.00) divided into six
hundred shares of Twenty-Five
fs25.n0l dollars each. The corpora
ton shall be considered goinp con-
Germ whenever Seven Thousand Five
Hundred (S7.500.00l Eorars shall
have been subscribed for. and Three
Thoueand Seven Hundred and Fifty
(s2. 75A.C0l Dollars shall have been
actually paid in. and the balance
shall be paid whenever the Board of
Directors shall demand.
ARTICLE Nv.
The corporate powers Of this cor
roration shall be vested and exercised
by board of seven directors. who
shall for the present he, G. T. Mays
~. 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 If which said
board. G. T. Mays shall be President
~. P. Keith Viceprcsident, and S. H.
Cochran. Secretary-Treasnrer. who
shall hold their offices until the next
regular meeting Of the stockholders
for the election of the Board Of Di-
rectors, which shall he held not later
than January 1, 1918. and annually.
Stockholders meetings shall he held
of which meetings notice shall be
given 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
stockholders.
ARTICLE v.
The Board Of Directors shall have
full power to fill vacancies in their
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;-
aess 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 stipulations Of this charter.
ARTICLE vi.
This charter NAV be amended or
abolished, or the capital stock thereof
increased or diminished, by vote of
two-thirds of the stockholders, cast
at a meeting called for that purpose.
Each share Of stock shall be antit' ed
to one vote, to be cast by the owner
in person or by proxy. No meeting
shall be called for this purpose with
cut written notice to each stock
holder. When this corporation is dis
solved, its affairs shall be liquidated
by two liquidators, to be selected by
the stockholders.
ARTICLE VII.
No stockho!der of this corporation
shall be liable for any of the obliea-
tons Of this corporation any further
than the unpaid balance due the cor
poration on the shares of stock sub
scribed for and owned by him.
Thus done and passed in the Parish
OF Bossier, State of Louisiana, in the
presence of the undersigned compe-
tent witnesses, on this the 18th day
of April, A. D. 1917.
s. H. COCHRAN.
G. T. MAYS.
]. P. KEITH (by G.. T. Mays.)
r. r. CHESHIRE (by G. T. Nays
G. G. ALLEN (by g. T. Mays.)
s. L. DEMoss (by G. T. Mays.)
~ r n WISE (hu G II Cnohre-