The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1921-07-14
IncoIp0r-

Incorp0r-
of Bien-
this the
Il, before
Public in
State Of
toned and
Id appeared
names are
III the pres
once Of the undersigned witnesses Hr,
rlored that ayai!ng themselves, as wen
as such other persons. who may mere
,ftor become associated with them TO
form corporation for charitaOie puf-
no,os under section G71 Of the re'lS-
oil stotutcs Of the State Of LOUISIANA
and the laws amendatOry thereof Win
mower and for the purpose lrr"llIai'cE
stated, aud under the following aru-
Cles:
Article |.
The name and title of this corpora,
tion shall be Gibsland Masonic Com,
pany, Incorporated, and under TIE Sal
cnrnoratc name, it may sue ana DC
sued and shall enjoy succession Tor Il
ppriod of nincty-Ninc years from 1h'
date hereof, unless sooner dissolved by
law or otherwise, and its domIwlc
shall be GibSland BipnYlllc parl$ll,
Louisiana.
Article II.
The object and purpose Of the cor
porat0n shall be to buy and sell real
estate, borrow money. execute ana re-
cpiye mortgages, promlSSory NOES
drafts and bonds; erect buildings, ana
execute leases, dispense charity, ac-
ccpt donations. inter yivos or mortls
causa. and TO do any and everything
that NAV be necessary to carry OUT
the purposes as above outlined, the
principal object being the erection OF
a 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, or
in the absence Of both, upon the see
retary-treasurer.
Article ".
The capital stock Of this corpora
ton shall be and is hereby fixed at
the sum of Twelve Thousand Dollars,
($12.0O0.00) 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
tifcate duly signed by the president
and secretary-treasurer, and sealed
with seal Of the corporation, and nc
transfer Of stock shall be made unless
the same is made upon the books OF
the cOmpahy and is also approved by
the Board Of Directors. This corpora
ton is authorized to commence bust
ness when six hundred shares Of its
stock shall have been subscribed anG
paid for as required by law.
Article Y.
The affairs Of this corporation shall
be managed by Board of Directors
composed Of seven stock holders, anC
the following persons are hereby nom
mated as the first board of directors
all of whom shall hold Office until the
first Tuesday in January, 1922, or un
til their successors are elected an(
qualified, as follows, to-wit: J. Fl
Humphrey, DR.. o. L. Kidd, M. M. Press
J. p. Nelson, T. B. Morgan, J. J. Har
rison, c. A. Berry. The said Board OF
Directors shall select from their mum
Der a president, a vice-president ant
secretary treasurer, who shall have thu
official management Of the affairs of thu
corporation.
Article vi.
The Board of Directors of this cor
poration shall be selected from stock
holders who are members of Gbslan(
Lodge, Number 3O4, f. & A. NJ. In tn.
event any vacancy should Occud in sale
Board of Directors by death resigna
ton or otherwise the remaining di
rectors shall fill such vacancy for tn,
uuexpired term Of such director.
Article VII.
No person holding stock in this cor
poration shall be permitted to sell o.
transfer the same to any person, ex
cept 1t be approved by the Board O.
Directors. and f. & A. M. Lodge, No
34, OF Gibsland, shall be offered I'll,
flrst privilege Of purchasing said stock
and each year at its annual meeting th,
hoard OF directors shall offer as muc)
stock for sale to the Gibsland f. & A
M. Lodge, No. 3O4, as they are abb,
to buy. 1t being the intention of tht,
article that all Of the stock of Thu
corporation shall eventually be helc
by said Gibsland Lodge, No. 3O4 =
" A. NJ. On the first Tuesday of Jan
uary Of each year the Board of Direc
tors shall draw by lot for stock TO h,
soid the Hbsland Lodge and the stool
holders whose stock is so drawn shat
Dc compelled to sell his stock at M,
plus interest at rate of three and one
na!l per centum per annum from dat,
OF issue. for the use of said Gibs)an,
Lodge, No. 3O4, +. 4 A. NJ. share an,
share alike. '
Article VIII,
This charter may be modified, alter
ed or amended, and said coporatio,
may be dissolved with the assent q
three fOurths Of the amount of th,
capital stock present or represented q
a general meeting Of the stakeholder,
convened for the purpose, after dn,
notice thereof shall have been givel
by publication, as well as by write,
Ia la