The Natchitoches enterprise., 1918-08-15
CHARTER OF
Farmers Cooperative Gin
And Mill Company, Inc.
STATE OF LOUISIANA, |
PARISH OF NATCHIToCHES. {

\
That on this day. before me n. t.
Smith, a duly qualified and commits
stoned Notary Public, in and for the
said State and Parish, personally came
and appeared, the persons whose names
are hereafter affixed, and who declared
that, availing themselves of the pro-
visions of the law of this state rel
ative to corporations, that they have
this day and do, by these presents,
agree and bind and form themselves in
to a corporation and body polite, which
they adopt as their charter, a. follows;
ART. 1.
The name of this corporation shall be
and is FARMERS COOPERATIVE GIN
AND MILL COMPANY, Inc, with its DOM
icile in the City and Parish of Natchi-
toches, La, where it shall have and
enjoy corporate existence for period
of fifty years, unless sooner dissolved.
ART IL.
The purposes of this corporation shall
be, and are, to build, maintain and con-
duct general gin and mill business; to
acquire by lease, sale or purchase the
necessary lands and tuildings, machin-
cry, ETC., necessary for said business;
to engage in and carry on the ginning
and handling of cotton, cotton seed,
corn and meal and their products, and
do and carry on all other matters neces-
sary to carry on and operate the same
| in every way, with the right and power
to buy, sell, mortgage, pledge, hypoth-
ecate and borrow, as allowed by law.
ARTICLE III.
The capital stock of this corporation
| /. hereby fixed at the sum Of Fifteen
Thousand Dollars, with the right to In
crease same to Twenty Thousand, |.
found necessary, which said capita
| stock is divided into Fifteen Hundred
Shares, of the par value of Ten Dollar:
per share, and shall be paid for in the
form and manner to be authorized by
the Board of Directors; and this cor
poration shall be a going concern, anc
authorized to commence business al
soon as Ten Thousand Dollars of tht
Capital stock is subscribed for.
ARTICLE ~.
The corporate powers of this corpo
ration shall be managed by Board ot
Directors composed of seven stock.
holders, four a. of whom shall compos'
a quorum for transaction of any bus.
tiness, and the following shall be AM
are hereby elected as the first Board
to-wit: H F Crow, G Cook, 2 7 Gal
lion, Jr, T E Porter. Fl p Gatlin. M l
Tauzin, and G 7 Scott. who shall com
pose the first Board, and shall hold of
fee till their successors are elected ant
qualified; and the following are hereb
elected and shall compose the first of
Ulcers, and hold Office till their success
ors are qualified and elected by tn
/ Board, as-directed, as follows to-wit
President, G Cook; Vice-President,
F Crow; Secretary Treasurer. I
Porter, all OF which officers. after tn
expiration of their present terms, shal
|: each year be elected by the Board Q
Directors, and the Board of Director
shall be elected at general meeting
be held on the first Tuesday of July Q
: each year; but should the stockholder
fail or neglect to so meet and elect
board, the same shall not in any man
ner vitiate or annull this Charter an
the board and officers. then in Office, sha
i hold over and continue their dutie
) till new board and officers are electe
and qualified; and it is specially agree
that at said meetings each stockholde
shall be entitled to one vote, and n
more, for any purpose.
Fl ARTICLE v.
. The board shall have full power an
D authority to conduct and manage tn
( business of the corporation, and to de
egate what powers and authority
r deems best to its officers and emplo.
1 ees; to select, hire, employ, pay ar
e discharge all employees. and fix all sa
b aries of officers, as it deems fit an
8 proper, and to perform all other dutie
and powers necessary for the busines
ART vi.
The President, and in his absenc'
' the Vice-president, shall be the exc
Iutive officer of the corporation, ar
= shall perform all duties usually Al
generally delegated to and belonging
that Office, and on them in the ord
: named shall all legal service aid pr
cess be made.
ARTICLE VII.
!. All stock of this corporation shall
e ordinary stock, and none preferred;
a stock shall be sold or transferred
a any one, without the stockholder 30 Q
4 fering same, first offering the same,
3 the Board of the corporation for +
" days and giving the corporation or
!. members the first right to purcha