The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1888-08-04
OH
OF THE
acknowledgements Grocer Co.
'IIMITED."

acknowledgements Grocer Co.
LIMITED"
STATE OF LOUISIANA, PARISH OF
OUACHITA.
DE 1T KNOWN THAT ON THIS THE
ID 3lst day of July "A. D: lsSs, before me
Dennis NJ. ShOalerS a Notary Public i'll
| and for said Parish and Stata, duly conf
| niissioncd and qualified, and in the pres.
ence of the witnesses hereinafter named
| and undersigned, personally came ana APP
peared the persons whose names are here
unto subscribed, who declared that awaiting
themselves of the general laws of tho State
relative to the organization of corporations,
| and particularly of tho provisions of Act
No. So. session 1SSS, they have covenanted
| and agreed to and by these presents do
| form themselves into and constitute cor
porat ion under the following stipulations
and agreement, which they adopt as their
charter, to-wit.
This corporation shall be known and
| designated by the title of Mitchell-NlcCor-
mick Grocer Company, Limited" its do
micile shall be in the City of Monroe, La,
and it shall exist and enjoy succession for
| a period of ninety-nine years from the dato
hereof unless sooner dissolved.
The president Of the corporation, Or in
! his absence the secretary and treasurer
| and other legal process shall be served.
| ARTICLE II.
! Tho objects and purposes OF this corpora
ton are declarec to be, to buy and to sell in
its corporate name and capacity, every
species of property, both real and personal,
and particularly to carry on in the City OF
| Monroe, Wholesale and Retail Grocery
| business, with the right to buy and to sell
merchandise and produce of every descrip-
| ton which may enter into commerce and
TO own and employ such drays. floats and
other auXilliaries as tho necessities OF said
! business may require.
ARTICLE III.
The capital stock of this Corporation is
| hereby fixed Mt the sum Of twenty
a par value of one hundred dollars each pay
able on demand in cash at tho time of sub
scription. The said capital stock may be
increased to a sum not exceeding fifty
thousand dollars on complying with exist
ARTlCLEIV.
All the corporate powers of this company
shall be vested in and DO exercised by Il
Board Of Directors to be composed Of three
stock holders.
John "; Mitchell; J.: H. EN-, Mccormick
tho first Board of Directors, with Jno. w.
| Mitchell AS president and J. II. Mccormick
agent as secretary and treasurer, and tho
said Board of Directors and the other afore-
said officers shall hold their respective Of
| fees until the first Monday OF September
| 1889, until their successors arc elected
and qualified and on tho first Monday of
September 1889, and on the Same day an
| nually thereafter an election for choosing
directors shall be held at the Office of the
company, majority of votes cast shall
elect, each share of stock being entitled to
ono vote to be cast by. the holder or by
proxy, all elections to be by ballot, and
any Vacancy occurring on said Board shall
be filed by the remaining ,aa, direet to
meeting of the stockholders shall not dis
| solye tho company, but the directors there
| in Office shall continue TO exercise then
functions until q now Board Is elected.
Two members of said Board shall constitute
Il quorum for tho transaction of business
and said Board of Directors AS we'll as tho
one herein provided TOR, shall have the
right to adopt such bylaws, rules and reg
| ulations for the transaction of the business
| of said company as may be necessary, and
| TO cause to be made and to use corporate
| seal with such device as they may select,
| and shall elect all officers herein provided
| for and such other officers as the necossi-
ties of the busine ps1I may !, demand @
This charter may be amended or this
corporation dissolved by vote of three
] fourths of the stock present or represented
| at q meeting of the stock holders convened
for that purpose after fifteen days written
notice shall have been given to each stock
| holder or after fifteen days publication
thereof in one of the newspapers of the
| city of Monroe AS the president may elect.
| Special meetings of the stockholders may
be called by the president or in his absence
| by the secretary and treasurer, at any
time upon similar notice.
J In the event of the dissolution or at the
| expiration of this charter, the liquidation
| of The affairs of the company shall be con-
Quoted by two commissioners to be elected
| by ballot at general meeting of tho stock
| holders convened for that purpose, and a
| majority The stock present Or represented
| shall elect.
| The commissioners thus elected shall at
once proceed to settle and wind up the
| business of the corporation, sell or other
] wise dispose of its assets, and on payment
| of it's liabilities, distribute the excess pro
rata among the stockholders.
Should either of said commissioners die
| or resign the business of liquidatiug the
affairs of said corporation Shall be con-
tfnued by the remaining commissioners
| ARTICLE VI.
No stakeholder Of this company shall
contracts or faults of tho same i'll any
to the company on the shares owned by
him nor shall any mere intormality il
organization have the effect of rendering
this charter hull or of exposing any stock.
holder to Il liability beyond the amount o.
| his stock.
Thus done and passed on tho day ant
date above written at the city of Monroe
La. in the presence of ID. II. Key and ID. II
Dalton, competent witnesses, who here
unto subscribe their names with the partie
hereto.
j. w. MITCHELL.
j. Ii. MCCORMICK, AGENT
JNo. L. NORRIS.
' Attest: ID. II. KEY,
8 ~. Ii. DALToN.i