The star-progress. (Opelousas, La.) 1917-1921, 1920-03-27

OF THE
PEOPLES MOSS GIN COMPANY,
INCORPORATED
OF LOUISIANA.

Be it known, that on this first day
of the month of March, in the wear
of our Lord One Thousand Nine Hun
dred and Twenty, before me, L. Aus
tin Fontenot, Notary Public, duly
commissioned, qualified and sworn
in and for the parish and state above
written, and in the presence Of the
witnesses hereinafter named and I'M
dersigned, personally came and ap-
peared the several persons whose
names are hereunto subscribed, who
declared that awaiting themselves of
the laws of the State of Louisiana,
and especially of Act No. 267 of the
General Assembly of the year 1914,
they have cOvenanted and agreed, and
by these presents hereby covenant,
agree and bind themselves, as well as
such other persons as may hereafter
become associated with them, to form
a corporation for the objects and pur-
poses, and under the stipulations, ar
ticles, limitations and conditions fol-
lowing, to-wit:
ARTICLE I.
The title and name of this corpora
ton shall be the PEOPLES MOSS
GIN COMPANY, INC, and by that
name it shall have power ard author
ity to exist and enjoy succession for
/ the full period of ninety-nine years
from this day and date.
ARTICLE ii.
] The domicile of this corporation
shall be in the Village of Palmetto,
in the Parish of St. Landry, State of
Louisiana. All citations shall be
served upon the president of this cor
poration, or in his absence upon the
vice-president, or in the case of the
absence of both the president and
vice-president, then upon the secre-
tary-treasureF of the corporation, and
in case of the absence of the presi-
dent, vice-president and secretary
treasurer, then upon the superintend-
ent in charge of the factory.
ARTICLE Ill.
The objects and purposes for which
this corporation is organized and the
nature of the business to be carried
on by it, are declared to be as fol-
lows, to-wit:
The gathering, buying, cleaning,
curing and the selling of moss; to
own and operate moss gins, storage
rooms and warehouses; to own and
operate factories or machinery to
manufacture moss into its various
marketable forms: to acquire the
ownership and control Of trade marks,
designs and formulas for the cleaning,
curing, manufacturing and selling of
moss; to acquire, build, lease, sell,
exchange and otherwise dispose of
immovable, movable or personal
property incidental, necessary or adj
vantageOus to the successful and
proper carrying on of the business of
this corporation.
ARTICLE Nv.
The capital stock of this corpora
ton is hereby fixed at the sum of
Twelve Thousand Dollars ($12,O0O.-
0O), divided into or represented BY
One Hundred and Twenty (12Ol
shares of the par value of One Hun
dred Dollars ($1OO.OO) each. The
subscriptions to the capital stock
shall be paid for in cash, property or
rights actually transferred to the cor
poration, or for services actually rem
Gered to the corporation. This capt.
tai stock may be increased to Twen- |
ty Thousand Dollars ($20,0OO.0O) on
complying with the requisites Of the |
law, and this corporation shall only |
commence business when fifty per
cent of the capital stock shall have
been subscribed and fully paid for.
ARTICLE v.
All powers of this corporation |
shall be vested in and exercised by
Board of Directors to be composed Of
three stockholders. The Board shall
elect from among their number q
president, vice-president, a secretary
treasurer, and such other officers as
they may think proper or convenient
FOR the carrying on of the corpora
lions business, and shall have power
10 unite two or more officers, and the
same to confer upon one person, and
% fix the salaries of all officers and
agents of this corporation.
The Board of Directors shall be
elected annually, Oh the first Thurs
lay of March of each year. beginning
n the year 1921. All such elections
hall be by ballot, at the office of the
Notice of the annual (;
meetings, as well as special meetings
f the stockholders, shall be given by
7ritten notice mailed fifteen days in
dvance of the date of the meeting Z
o each and every stakeholder of rec |
I'd on the books of the corporation. j
ZACH stakeholder shall be entitled to
ne vote for each and every share of ]
took standing in his name on the I
ooks of the corporation, said vote to ]
e cast in person or by written proxy. a
allure of the stockholders to meet as
erein provided shall not work a for
,iture of this Charter, but the Direc- S
'rs and officers then in office shall n
Did over until their successors are Il
ected and qualified.
Untile the annual meeting to be .
I'D in the year 1921, or until resig- 4
alton, the Board of Directors shall r
insist of the following: 7
B. w. Clopton, Morrow, La; a
A. A. Richard, Palmetto, La; Fl
J. H. Bernhard, lie Moyen, La, K
ID of the FORGING, B. w. Clopton r.
all be president, A. AZ Richard shall +,
vice-president, j. III. Bernhard shall II
secretary-treasurer. n,
In the event of the death or resig- al
ton of any officer or director, the in
directors by a majority al
tie of those in office may choose cl
; successor, who shall serve until tn
2 next annual election. OF
ARTICLE vi. m
No stakeholder shall ever be held pr
BILE for the contracts or faults of fo