The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1921-07-28
j. E. Reynolds
CHARTER
Gibsland Masonic Company, IncorpOr'
ated
State of Louisiana, Parish OF Bien,

State Of Louisiana, paflSn Oh Dleh
vile.
BE IT KNOWN, that on this the
18th day of July, A. d., 1921, before
me, W. G. Langford, Notary Public in
and for Bienyille Parish, State of
Louisiana, duly commissioned and
sworn, personally came and appeared
the several persons whose names are
hereuntO subscribed, WhO in the pres
ence Of the undersigned witnesses, de.
clared that availing themselves, as well
as such other persons, who may here
after become associated with them to
form corporation for charitable pur-
poses, under section GIT Of the revis-
ed statutes Of the State Of Louisiana,
and the laws amendatOry thereof, with
power and for the purpose hereinafter
stated, and under the following arti.
cleS:
Article l.
The name and title of this corpora
ton shall be Gibsland Masonic Com
pany, Incorporated, and under the said
corporate name, it may sue and be
sued and shall enjoy succession for q
period Of ninety-nine years from the
date hereof, unless sooner dissolved by
law or otherwise, and its domiole
shall be Gibsland, Bienville Parish
Louisiana.
Article ii.
The object and purpose of the cor
p0ratiOn shall be to buy and sell rea
estate, borrow money, execute and re
ceive mortgages, promissory notes
drafts and bonds; erect buildings, an(
execute leases, dispense charity, &C
cept donations. inter vivos or morris
causa, and to do any and everything
that may be necessary to carry 0u
the purposes as above outlined, tn,
principal object being the erection o.
4 Masonic Temple in the town of GIBBS
land, State Of Louisiana.
Article iii.
All citations or other legal process
es shall be served upon the president
Of said corporation, and in the event
OF his absence on the vcie-president, OF
in the absence of both, upon the sec
retary-treasurer.
Article w.
The capital stock Of this corpora
ton shall be and is hereby fixed at
the sum Of Twelve Thousand Dollars
$l2,ONOO) divided into twelve hun
dred shares Of the par value Of Ten
Dollars $4,000 each. Said share of
the stock shall be represented by Ger.
! tthcate duly signed by the president
and secretary-treasurer, and sealed
with seal Of the corporation, and no
transfer OF stock shall be made unless
the same Is made upon the books of
the company, and Is also approved by
the Board Of Directors. This corpora
7 ti0n IL authorized to commence bust
ness when six hundred shares of its
stock shall have Been subscribed and
paid for as required by law.
Article V.
The affairs Of this corporation shall
be managed by Board of Directors
composed Of seven stock holders, and
the following persons are hereby nom.
mated as the first board of Directors
al Of whom shall hold office until the
first Tuesday in January, 1872, or I'M
rtl their successors are elected and
qualified, as follows, to-wit: J. II.
Humphrey, DR.. O. L. Kidd, NJ. NJ. Press.
]. T. Nelson, I. B. Morgan, ]. j. Har-
rison, G. A. Berry. The said Board OF
Directors shall select from their nun
Der president, a vice.president ana
Gecretary.treasurer, who shall have the
Official management Of the affairs of the
corporation.
Article VI
The Board Of Directors of this cor.
p0ration shall be selected from stock.
holders who are members of Gibsland
Lodge, Number 304, +. 4 A. NJ. In the
event any vacancy should oceud In said
Board OF Directors by death, resigna
ton or otherwise, the remaining di.
Ncfors shall I'LL such vacancy for the
ullexpired term Of such director
Article VII.
No person holding stock in this cor
p0rati0n shall be permitted to sell or
tvansfer the same to any person, ey
cept It be approved by the Board of
directors, and 4. Il A. NJ. Lodge. No.
3Q Of Gibsland, shall be offered the
aEst privilege Of purchasing said stock.
and each year at its annual meeting, the
board OF directors shall offer as much
stock for sale to the Gibsland +. & A.
n Lodge, No, 30i, as they are able
~ buy, 1t being the intention of this
article that all Of the stock of this
corporation shall eventually be held
b. said Gihsland Lodge, No. 3O4, T.
4 "A n. On the first Tuesday of Jan
suefy OF each year, the Board of Direc.
tor shall draw BY lot for stock to be
nd the Gibsland Lodge and the stock
Aotaers whose stock is SO drawn shall
compelled to sell his stock at par
m Interest at rate Of three and ono. |