The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1919-02-08
CHARTER OF CHEROKEE PLANT
ING CO., INC.
State orLCuiSjaHa
Do,.;.h nfNiaHISnD

Parish ofMaUlSon.
Be It known that before me, tie
undersigned authority. duly quallhed
and commissioned according to law,
and the witness hereinafter named
and undersigned oil the fourth day OF
January, \. d., 1919, personally
came NJ. J. REID. Dr. W. j. Monlaw.
Herbert If. Taylor, K. NJ. Ashcraft,
Charleta /. Ashcraft, George W. ms
by, K. ii. Hatfield, ard K. l.. Taylor,
all residents of Chicago, limos, ID.
/. Shepard and T.. A. Randolph, res
idents of Evanstown, Illinois, and ~
ii. Miller, a resident of Herrln, Ill:
and William II. Ward, i resident o. 3
Tallulah, Louisiana, who sc!e1al.y de-
clared and acknowledged that avail
ing themselves of the laws OF the
State of Louisiana, and particularly
of Act No. POI of the General As
sembly of the State of LOUISIANA, Tor
the year 1914, they have formed ana
organized, and by these presents, DO
form and organize themselves INTO
corporation and body polite for the
objects and purposes hereinafter
set forth and expressed which are
hereby adopted as the charter OF SAID
corpora on, to-wit:
ARTICLE l
The name and title of this cofpof-
alton shall be "CHEROKEE PLANT
ING COMPANY, INC" and by Its
said name it shall have and ENJOY eX-
istance for the full term and period
of ninety-nine years from date here
Of w
Its domiciIe shat. be in the Village
of Tallulah, Parish of Madison, Lou
isiana, at the office of William II.
| Ward, and it shall have a seal of such
inscription and device as the board OF
Directors may elect ana the same to
alter and change at pleasure:
Its certificate of StCcn shall be
signed by the President, and Secre-
tary, and bear the impress OF the seal
of the corporation.
1t shall have power and right to
hold, purchase, receive by donation
or otherwise, and to sell, mort
gage, lease, pledge, pawn, chattet
mortgage, and otherwise convey prop
erty both real and personal, movaU-c
and immovable.
1t shall have lie 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, BON rei'.
and personal, and have power to sue
or to be sued in its corporate name
The President, and in his absence
the Vice-President, and in his absence
the Manager, is hereby designated as
the officer upon whom all citations
or other legal process shall be served.
ARTICLE 2
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 agricul-
tural, timber and other lands, the cul-
tivation, growing, raising, and mark
citing of all agricultural crops, and the
manufacturing, warehousing, and sale
of products thereof, ana the buying,
selling, and rearing of horses, mul S,
hogs, and any and all other kinds OF
animals and stock in the Parish OF
Madison, Louisiana, or in any other
part of the State or Louisiana or In
the United States, and in connection
with the above objects and purposes
to make advances of money and sup
plies to its tenants and others, and to
conduct a general mercantile busI-
ness, both wholesale and retail.
ARTICLE s
The capital stoc.. of this corpora
ton is hereby fixed at Fifty Thous-
and Dollars $3.50, 000.00), divided in
to One Hundred (100) shares of the
par value of Five Hundred Dollars
($50O.00) each.
The capital stock of this corpora
ltion may be increased to an amount
not exceeding Two Hundred Thous-
and Dollars, ($200,000.00) to be di-
vided into Four hundred (400) shares
of the par value of Five Hundred Dol
lars (S5O0.00) each, at any time =
majority Of the stockholders may p
prove said increase pursuant to law.
ARTICLE
The corporate powers OF this cor
poratiOn shall be vested in and exer-
cised by Board OF Directors of five
stockholders, majority of whom
shall constitute a quorem for the
transaction of business, with the fun
power to purchase, receive by dona-
ton, sell, mortgage, pledge, pawn, con-
vey, and lease either as lessor or les
see any property, both real and perso
nal, to borrow money, and issue the
company's negotiable notes or bonds
either unsecured or secured by lrort-
gage on it's real estate or by chatte!
mortgage, pledge or pawn, OF its per-
sonal property and to do any and all
other acts which this company is au-
thoriZed to do in carrying out the OBJ
: jects and purposes of this corpora
ton; to make and establish bylaws
and to change the same, to hire, en-
: ploy, appoint any agents or assistants,
and to fill all vacancies occurring il
, the Board of Directors by death. res
ignation or otherwise.
Each Board of Directors shall elect
from their number a President, a
Vlce-President, Secretary reasur-
: er, and a 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 annual stockholders
meeting to a number not exceeding
seven.
The first board of directors shall
consist of Ray M. Ashcraft, DR.. w.
j. Monilaw, b. l.. Shepherd, William
n. Ward, and Herbert II. Taylor, with
Ray M. Ashcraft as President, DR.. w.
J. Monilaw as Vice-President, B. L..
Shepard as Secretary and Treasurer