The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1918-08-03
CHARTER
Farmers Gin Co., Inc.
STATE OF LOUISIANA
Parish of Grant J

Before me, j. B. Roberts, a notary
nublic. duly commissioned, sworn and
qualified in and for the parish of Grant,
State of Louisiana. personally came
and appeared the persons whose names
ore bereunto subscribed, who declared
that availing themselves OF the consti-
tuition and laws of the State of LOUISE
ana and especially of Act 201 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 a body
polite and corporate in law under the
name and for the purposes and objects
hereinafter set forth in these articles
of incorporation, to-wit:
ARTICLE l.
The name and style of this corpora
ton shall be FARMERS GIN CO.,
INC. The domicile of the company
shall be at CoIfax, Grant parish, Lou
Iisiana. and under its said name it shall
enjoy corporate life for period OF nifty
years from this date.
ARTICLE q
The objects and purposesSof 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 la
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 8.
The capital stock of this corporation
shall be fifteen thousand dollars, divid-
, ed into six hundred shares of the PAL
value of twenty-five dollars per share,
> and all stock issued shall be paid for IN
!. cash. The capital stock of this corpor
q alton may be increased to the sum o.
d twenty-five thousand dollars.
n ARTICLE 4.
! All the powers of this corporation
are hereby conferred on the Board Q
a Directors of this corporation, whic
e board shall consist of eleven stock
g holders, and the first board of diree
n tors shall be as follows: L. O. Bostick
..lR. L. Carnahan, r. w. Richardso
:, and Alfred Huthnance, of Colfax, la.
! John Abraham, of Marco, La; j. I
l Hodnett, of Colfax, La, R. F. D. NJ
in IL; d. F.. Williamson, of Colfax, La
ct In. S. Roberts, of Colfax, La. J. 4
- Dean, of Colfax. La. r. F. D. Nos
= Tom Dean and Tom Futrell.
" The officers of this corporation shs
be a president, secretary-manag'
)y and treasurer At it's first meetir
u after the adoption of these articles
-, incorporation the Board of Directo
shall elect from their number pres
dent, and they shall elect from t
stockholders of the company seer
,n' tary-manager and treasurer. In
shall also elect four vice presider
gu from among the stockholders. I
president so elected shall preside at
'no meetings of the Board of Directo
&C. and in his absence any one of the Vi
axe presidents may be called upon to pl
Us. side. At all such meetings each dire
ee' tor shall be entitled to one vote OF
W and he shall be present in person
ene vote. At all stockholders meeting
'u'' stockholder may vote by proxy
each stocknoider shall be entitled to
many votes as he owns shares of st'
u in the corporation.
The Board of Directors now nan
shall hold office until the first Monl
% q in August, 1919, on which date
of stockholders shall meet to elect Bo
,oea of Directors Sor the ensuing year,
Of each year thereafter the stockhold
de- shall meet on the first Monday in
m, gust to elect Board of Directors.
All officers, managers, laborers
:. employees of the corporation shall
- their offices during the pleasure of
Board of Directors. The board, h
ever, shall have the right to make
~ tracts for stated terms.
hoea ARTICLE 5.
q 80 None of the stock issued shall be
.ateu ferred stock. All stock issued shall
nun upon the same basis and of equal r.
;. and in sales of stock this corpora
nor shall have preference over all o
purchasers at same price.
. ARTICLE 6.
At its first meeting or as soon Il
- after as practical, the Board of D
4 tors shall make and adopt Sc