The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1921-07-21

WV 'i' ' ~ t'iNt C'Nii Othti HNASVhp "a
may associate themselves with then
or succeed them, into a corporation
under the name and terms and for thu
objects and purposes hereinafter set
forth in the following articles, to-
wit:
Article /.
The name of this corporation shall
be GibsIand Light 4 Power Company
Incorporated.
Article III.
The objects and purposes FOR which
this corporation is formed is to man
1lfacture and supply gas or electric
lights, power and traction; to con
struct and maintain lines for the dis
tribution of electric current; to lay
pipe lines to convey natural or arti
fetal gas for the purposes of lighting
or heating; to install and operate
water works; to establish, maintain
and operate drainage or sewerage sys
tens; to manufacture and sell ice, and
to do any and all things necessary
complementary and incidental to the
purposes herein stated.
Article iii.
The capital stock of this corporation
shall be TEN THOUSAND DOLLARS
(Sl0,OO0.OO) divided into and repre-
scented by ONE HUNDRED SHARES
(lOO) of common stock, Of the pal
value Of One Hundred ($1O00O) dol
lars per share, and the corporation
shall begin business when fifty shares
are subscribed and paid for in con
formity with law.
Article ".
This corporation shall have author
ity to increase its capital stock not tC
exceed Twenty-Five Thousand Dol
lars ($25,OOO.0O).
Article V.
The domicile Of this corporation
snail be Glbsland, Bienyille Parish
Louisiana, at which place all meetings
of the stockholders and Board of Di
rectOrs shall be held, provided how
ever that with the written consent
OF all the directors, valid meetings
may be held outside the State or with.
in the State elsewhere than at its
domicile All service of legal process
shall be made on the president or in
his absence as provided by law.
Article vi.
This corporation shall exist for 4
period of ninety-nine 500 years from
date of its formation unless other.
wise dissolved conformable to law.
1t shall have power to sue and be
sued by its corporate name in any
court of competent jurisdiction; to &C.
qulre property by grant, gift, purchase
and to devise or bequest; to lease
mold and dispose of, and to mortgage
and to pledge the same, all subject tc
such restrictions as may be prescribed
by law. TO make and use a common
seal and to alter the same at pleasure
10 appoint such officers and agents
and to engage such employees as the
business Of the corporation may re.
qulre, and to fix their compensation
having due regard to the nature, char.
acter and value Of their services.
10 make bylaws not inconsistent
with any existing law, fixing or alter.
ing the management of its property
the regulation and government of its
affairs and the manner of certifcatiop
and registration of its stock.
10 wind up and dissolve itself or
be wound up and dissolved in the man.
ner prescribed by law. 1t shall have
power to do and perform any and all
acts necessary and requisite to said
business, said acts being consistent
with existing laws pertaining there.
Article VII,
The affairs Of this corporation shall
be under the control of and mapag.
Ell by Board Of five Directors which
sad board shall be elected by and
from the stockholders at the first an.
nual meeting of the stockholders
which shall be held on the second Mon.
DAY in January of each year, begin.
nlrg with the year 1929. The follow
ing stockholders shall constitute the
llrst Board Of Directors: E. W. Mer-
rltt' L. W. Baker, J. II. Houck, M. NJ.
Press, II. A. Sherman, all residents Of
Glbsland, Louisiana, who shall hold
Office until their successors are elect.
ed and qualified.
Article VIII.
The officers of this corporation shall
De a President, Vice-President and
Secretary-Treasurer. They shall be
elected annually on the second Monday
IN January, of each year, beginning
with the year 1922, by the Board of
Directors elected by the stockholders
on the same day, which said Board
on election shall Immediately organize
ANA Ill proceed to the election of officers
lhe lirst officers of this corporation
shall be as follows: L. ", Merritt
president; l.. W. Baker, vice.presldent !:
j. H. Houck, Secretary-Treasurer who
snail hold office until their successors
are elected and qualified according to
law as hereinbefOre provided
Article TX,
Meetings Of the stockholders and
board or Directors shall be held as
oi'en as the needs Of the business NAV
require, and shall be held at the office
VI tne corporation, which said meetings
Siali De called in the following man.
her: For stockholders meetings .
written notice shall be mailed to each
Stockholder at his last postotfice ad.
dress or if address is not known, then
TO the address shown in the charter.
at least fifteen days before meeting is
held' For meetings Of Board of Di.
rectors. written notice shall be given
10 each member at least twenty.four
l hours before :. said meeting is held, pro.
vlded that no such notice shall be- 70.
CURED where a meeting is adjourned
70 a given day, and provided further
tlat hY c0nSnnt of thA ..ei