The Concordia sentinel. (Vidalia, Concordia Parish, La.) 1882-current, 1921-03-19

bell, Clerk of Court for Concordia
Parish, La, who is designated as
agent for said purpose, until such
time as such designation shall be
changed by a resolution of the Board
of Directors of said corporation, and
certified copy of said resolution
recorded in the Corporation Records
of Concordia Parish, La, in the Office
of said Clerk of Court, and copy of
such resolution forwarded to the
Secretary of State for his files. This
corporation shall also have an Office in
the City of Chicago, State of Illinois.
ARTICLE TWO.
| The purposes for which this cor
! poration is formed are to own and
operate, or operate without owning,
plantations in Louisiana; or elsewhere
buy and sell real estate and personal
property; mortgage same and take
mortgages upon same, and to lease
same from others or to others; to do
Ia mercantile business; manufacture
agricultural products; to engage in
livestock business; build and repair
houses and do a general contracting
business; to own and operate or to
operate without owning, saw mills
and other wood working plants and
to deal in the production thereof; to
manufacture electricity and ice; to
own and operate, or to. operate with
out owning saw mills, boats and bar
Iges.
! ARTICLE THREE.
The powers of this corporation shall
be all that are necessary, useful,
incidental or customary pertaining to
the purposes for which this corpor-
alton is formed, including the power
to incur debts and to issue, receive
and collect prorf1issory notes, bonds,
mortgages, pledges and all other mer-
camille paper.
ARTICLE FOUR.
All of the corporate powers shall
be vested in a Board of three Direct
ors, who shall be stockholders Of said
corporation, two of whom shall con-
stitute a quorum, to do business.
Meetings of the Board of Directors
shall be held at the domicile of the
Company, unless all of the Directors
agree in writing to hold their meet
ings at some other place, in which
event they may meet at any other
place, either in the State of Louisi-
ana, or any. other State. The Board
of Directors may fix regular meetings
by resolution, and as to regular meet
ings it shall not be necessary to noti-
fly the members to attend. AS to all
call meetings, each member must be
notified either by the Secretary, or
some other member,in writing, at
least seven days before the meeting,
unless he consents, in writing, for the
meeting to be held at an earlier date.
ARTICLE FIVE.
Il The capital stock of this corpor-
alton shall be ONE HUNDRED and
FIFTY THOUSAND DOLLARS
! ($150,000.00) divided into Fifteen
Hundred (1500) shares of the par
value of One Hundred Dollars ($100.-
00l each, none of which shall be pre-
ferred stock; ONE HUNDRED,
THOUSAND DOLLARS 100000
00), Of which capital stock is sub
scribed and fully paid up and nom
assessable.
The capital stock may be increased
to ONE MILLION DOLLARS ($1,-
| 900, 000.00). No stockhalder shall
transfer any stock in the corporation
until he has offered to sell same to
the corporation at the lowest price
he will accept for same and has given
the corporation reasonable time In
which to accept said offer.
No tranfer of stock shah be bind
ing upon the corporation until the
stock certificate representing same
has been surrendered to the proper
officer o. Incorporation and a new
certificate issued to the transferee.
/ ARTICLE SIX.
| A meeting of the stockholders for
the election of Directors, or other
business, shall be held annually at
the domicile of the corporation, on
the second Monday in January of
each year.
Each stakeholder shall have one
vote for each share of stock owned
by him in the corporation.
ARTICLE SEVEN.
/ Until their successors are elected
and qualified, the following shall
constitute the officers and Directors
of this corporation.
! ROBT. A. POTTINGER, President
and Director.
JOE ARENSoN, vice-President.
and Director.
| JOHN LIPOWSKI, Secretary Urea
surer and Director.
Thus passed at my Office in the
Town of Vidalia, in said Parish and
Estate, in the presence of said witness
A.