The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1919-01-25
ARTICLE l


isiana, at the office OF William II
Ward, and it shall have a seal with
such inscription and devise as the
Board of Directors may elect. anC
the same to alter and change at pleas.
ure.
Its certificates of stock shall be
signed by the President, and Secre-
tary and bear the impress of the seal
Of the corporation.
1t shall have the power and right to
, hold, purchase, receive by donation
or otherwise, and to sell, mortgage,
lease, pledge, pawn chattel mortgage
and otherwise convey property both
real and personal, movable, and i'm
movable.
1t shall have the right TO borrow
money and issue its negotiable notes
or bonds unsecured and secured by
mortgage, pledge, pawn, chattel mort
gage, or lien on its property, both
real and personal, and shall have DOW
err to sue and be sued in its corporate
| name
The President, and in his absence
the Vlce-President, and in his absence
the Manager is hereby designated as
the officer upon whom all citation or
] other legal process shall be served.
ARTICLE .
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
the purchase, sale, and lease of agri-
cultural, timber, and other lands.
the cultivation, growing. raising, and
marketing of all agricultural crops.
ana the manufacturing. warehousing,
ana sale of products thereof. and the
ouylng. selling. and rearing OF horses,
mules. hoes, and any and all other
ilnds OF animals and stock in the
parish OF Madison, Louisiana, or any
other part of the State of Louisiana
or OF the United States, and in con-
nectlon with the above objects and
purposes to make advances of money
and supplies to its tenants and others.
ana to conduct general mercantile
business, both wholesale and retail.
creased at any annual stockholders
the unpaid balance on the stock for
Carlton A. Randolph, 4OS Lake St
er IN and for the parish of Madison
TINS 9th day of January, 1919.
pointed gay. When he returned to
ARTICLE
The capital stock of this CORPORA
ton is hereby fixed at Two Hundred
Thousand Dollars $780, 100000, d. |
vided into Two Hundred (200) shares |
of the par value of One Thousand |
Dollars Isl ,000.00) each.
The capital stock of this corpora
ton may be increased to an amount |
not exceeding Five Hundred Thous- |
and Dollars $500, 000.00) to be di- |
vided into Five Hundred 5000 shares |
of the par value of One Thousand
Dollars Isl ,000.00) each, at any time |
a majority of the stockholders may
approve said increase pursuant to |
law. |
ARTICLE
The corporate powers of this cor
poration shall be vested in and exer- |
clsed by Board of Directors of four |
stockholders, a majority of whom |
shall constitute a quorem for the |
transaction of business, with full pow
er to purchase, receive by donation,
sell, mortgage, pledge, pawn, convey,
and lease either as lessor or lessee
any property both real and personal,
to borrow money, and issue the COM
pany's negotiable notes or bonds Ell
Their unsecured or secured by mort
gage on its real estate or by chattel
mortgage, pledge, or pawn, of its per-
sonal property and to do any and all
other acts which this company is au-
thorlzed to do in carrying out the OBJ
Jects and purposes of this CORPORA
ton; to make and establish bylaws
and to change same, to hire, employ, |
and appoint any agents or assistants, |
and to fill all vacancies occurring in
the Board of Directors by death, res
ignation, or otherwise.
Each Board of Directors shall elect |
from their number a President, a |
Vice-President, Secretary Treasur- |
er, and Manager.
The office of Secretary and Treas !
urer may be held by one or two per-
sons and when held by two persons
the Secretary may or may not be a |
Director.
The Board of Directors may be in
creased at any annuay stockholders |
meeting to a number not exceeding
seven.
The first Board of Directors shall |
consist of Herbert H. Taylor, Carl |
ton A. Randolph, Jessie B. Erwin. and
William II. Ward, with Herbert II. |
Taylor as President, Carlton A. Ran
dolph as Vice-President, Jessie B. En-
win as Secretary and Treasurer, and
William H. Ward as Manager, who |
shall hold office until the first Mon |
day of January, 1920, or until their |
successors have been duly elected.
On the first Monday of January,
1920, and annually thereafter on the |
first Monday of January of each year |
the stockholders shall meet for the |
purpose of electing a Board of Di- |
reetors and the transaction of such |
other business as may properly come |
before the meeting.
Written notice of annual stockhold- |
ers' meetings shall be delivered per-
sonally or by deposit of same in the |
postoffice addressed to the stockhold- |
er's last known address at least fif- |
teen days before such meeting.
Other stockholders meetings may
be held as provided by the laws of !
Louisiana.
AT all stockholders meetings each |
share of stock shall be entitled to one
vote, to be voted in accordance with |
the laws of Louisiana.
This charter may be altered or a.
amended, the corporation dissolved. |