The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1918-08-08
CHARTER OF
Farmers Cooperative Gin
And Mill Company, Inc.

BE IT KNOWN AND REMEMBERED,
That on this day, before me N. T.
Smith, q 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 pOlitic, which
they adopt as their charter, az follows:
ART. l.
The name Of this corporation shaIlbe
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 a period
of fifty years, unless sooner dissolved.
ART II.
The purposes of this corporation shall
be, and are, to build, maintain and con-
duct a 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 Oy law.
ARTICLE III.
The capital stock of this corporation
il hereby fixed at the sum of Fifteen
Thousand Dollars, with the right to in
crease same to Twenty Thousand, if
found necessary, which said capital
stock is divided into Fifteen Hundred
Shares. of the par value of Ten Dollars
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 going concern, and
authorized to commence business as
soon as Ten Thousand Dollars of the
Capital stock is subscribed for.
ARTICLE Nv.
The corporate powers of this corpo-
ration shall be managed by Board of
Directors composed of seven stock
holders, four a. of whom shall compose
a quorum for transaction of any bus
mess, and the following shall be and
are hereby elected as the first Board.
to-wit: H F Grow, G ] Cook, T Gal
lion, Jr, T f Porter. H p Gatlin. M B
Tauzin, and G T Scott. who shall COM
pose the first Board, and shall hold Of
fee till their successors are elected and
qualified; and the following are hereby
elected and shall compose the first Of
[ficers, and hold Office till their success
ors are qualified and elected by the
Board, as directed. as follows to-wit:
President, G Cook; Vice President, H
F Crow; Secretary Treasurer. T F
Porter, all Of which officers. after the
expiration of their present terms, shall
each year be elected by the Board Of
Directors, and the Board of Directors
shall be elected at general meeting to
be held on the first Tuesday of July of
each year; but should the stockholders
fail or neglect to SO meet and elect q
board, the same shall not in any man
ner vitiate or annnll this Charter and
the board and officers. then in Office, shall
hold over and continue their duties
till new board and officers are elected
and qualified; and it is specially agreed
that at said meetings each stockholder
shall be entitled to one vote, and no
more, for any purpose
ARTICLE v.
The board shall have full power and
authority 70 conduct and manage the