The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1918-08-10
CHARTER
Farmers Gin Co., Inc.
STATE OF LOUISIANA !
DnL &c Cranf

qualified In ana TOT tne pari7h u Nons,
State of Louisiana. personally came
and appeared the persons whose names
arc hereunto subscribed, who declared
that awaiting themselves OF the constr
tuition and laws of the State OF Loulsi-
ana and especially of Act POI OF the
Acts of the General Assembly of Lou
isiana for the year 1914. they have
formed and do by these presents form
themselves into and constitute BODY
polite and corporate in law under the
name and for the purposes and objects
hereinafter set forth in these articles
of incorporation, to-wlt:
ARTICLE /.
The name and style of this corpora
ton shall be FARMERS GIN CO.,
INC. The domicile of the company |
shall be at Colfax, Grant parish, Lou
isiana, and under its said name it shall
enjoy corporate life for period OF nifty
years from this date.
ARTICLE 2.
The objects and purposes of this cor
poration are hereby declared TO be as
follows: To buy and operate cotton
gin or gins at Colfax; to own and con-
troll site for the same; to buy and
sell cotton and cotton seed and their
products; to employ managers and Ia
borers necessary for the carrying on of
said businesses; and generally to do all
things necessary. proper and usual in
the conduct of said businesses.
ARTICLE 3.
The capital stock of this corporation
shall be fifteen thousand dollars, divid-
ed into six hundred shares of the par
value of twenty dollars per share,
and all stock issued shall be paid for in
cash. The capital stock of this corpor-
alton NAV be increased to the sum Of
twenty thousand dollars.
ARTICLE A.
Il All the powers of this corporation
are hereby conferred on the Board OF
Directors of this corporation, which
board shall consist of eleven stock
holders. and the first board of direc.
tors shall be as follows: l.. 0. Bostick,
cir. L. Carnahan, r. w. Richardson
: and Alfred Huthnance, of Colfax, La.
John Abraham, of Marco, La; J. H.
Hodnett, of Colfax, La, R. F. d. No
IL: D. F. Williamson, of Colfax, La.
IN. S. Roberts, of Colfax, La; J. A
S Dean. of Colfax, La, R. F. D. No. 2
: Tom Dean and Tom Futrell.
ri The officers of this corporation shall
! be a president, secretary-manage
and treasurer. At it's first meeting
after the adoption of these articles o
: incorporation the Board of Director
e shall elect from their number a presi
q dent, and they shall elect from tn
7 stockholders of the company secre
tary-manager and treasurer. The
y shall also elect four vice president
e from among the stockholders. Tn
It president so elected shall preside at a
J. meetings of the Board of Directors
II and in his absence any one of the VIC
- presidents may be called upon to pre-
y side. At all such meetings each diret
y tor shall be entitled to one vote onl
n and he shall be present in person
~ vote. At all stockholders meetings
stakeholder may vote by proxy ar
each stockholder shall be entitled to I
Il many votes as he owns shares of stoe
q in the corporation.
l. The Board of Directors now name
in shall hold Office until the first Monds
:. in August, 1919, on which date Il
y stockholders shall meet to elect Boa
e of Directors for the ensuing year, al
Or each year thereafter the stockholde
ut shall meet on the first Monday in A
gust to elect Board of Directors.
All officers, managers, laborers al
~ employees of the corporation shall nc
u their offices during the pleasure of I
nv Board of Directors. The board, ho'
ever, shall have the right to make CO
tracts for stated terms.
ARTICLE 5.
it'll None of the stock issued shall be pl
on ferred stock. All stock issued shall
eff upon the same basis and of equal rar
ter and in sales of stock this corporate
as shall have preference over all 9th
purchasers at same price.
- ARTICLE 6.
At its first meeting or as soon the
after as practical, the Board of Dir
tors shall make and adopt set
rules and regulations for the condi
of the business of this corporation, a
for the guidance of those intrusi
with the powers of administration
81 its affairs and the operation of its
y mr. pins and other businesses