The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1888-09-01
LEGAL ADVERTISEMENTS


CHARTER
hitchell-McCormick Grocer 20.
"LIMITED."
STATE OF LOUISIANA, PARISH OF
ne KNOWN THAT ON THIS The
NJ Sholars Il Notary Public III
and for said Parish and Statl, duiy coa
n, issioned and qualified, and IN me pres
ence of the witnesses n mere, na,ne and an
n ssaorad the nersons whose names are here
INTO subscribed, who declared that aVa e.nts
of the general laws Oh sno Hos
ra1ative to the organization OF corporations.
ord narticularly of the provisions OF Acs
No. H. session 1883, they have covenanteu
and agreed to and by these presents 40
nnration under tho following stipulations
and agreement, which they adopt as their
charter, to-wit.
ARTICLE +.
This corporation shall oe Rmown 1oG snu
mick Grocer Company, Limited" lts 10
micile shall be in the City of Monroe, La,
and it shall exist and enjoy succession ,a a4a
n9rlOO OF ninety .AIiIo yossAS AS-> $500
hereof unless sooner dissolved.
The president Of tho corporation, or IN
his absence the secretary ana tfeasurer
shall be the officer upon Whom al arnod
aud other legal process shall DC sofVeo.
ARTICLE II.
The objects and purposes OF inns cosp,U;r;a a.,
tion are declarec to be, to buy anu TO sell IN
its corporate name ana .ae cap pnd 3ye,rsonai
and particularly to carry on in the City Oh
Monroe, a Wholesale and Retail Grocery
business, with the right to boy anu 70 seii
merchandise and produce OF every aescaip,
tor which NAV enter into commerce and
| to own and employ such orays. n"a t az az y
| other auxilliaries as the necessAsles u "'i''
| business may require.
| ARTICLE III.
| The capital stock of this Corporation is
hereby fixed at the sum OF LWolIy ~ = =
| Thousand dollars divided into 25O shares al
par value of one hun sh 81 the tm e Of Sub
scription. The said capital stock may pc
| Increased to a sum not exceeding hity
thousand dollars on complying with exlst-
'"s '""S ARTICLE ".
| All the corporate powers OF this company
shall be vested in and he exercised pV q
Board of Directors to be composed o.. three
John W. Mitchell, j. H.. Mccormick
Agent and JehT1 Il. Morris shall compos.
the first Board of Directors, with mo: w
Mitchell as president and }. II. McCorh'iGf
Sss;% R"ar,i of directors and the other afore
said officers shall hold their respective OF
, fees until the first Monday OF Septembe
1889, until their successors Gst are Mondav
September 1883, and on the same DAY an
, nually thereafter an election ior choos!h II.
3 directors shall be held at the Once OF IN
! company, a majority of votes cast sha !,
! eIact each share of stock being entitled I
3 one vote to be cast by the holder or .
q nroxy, ali elections to be by ballot, an
coil
] any vacancy occurring on s Iiractors
Any failure to elect directors az sene :, !;
q r,o.ti ,t, of the stockholders shall not dl'
soIye the company, put the oliec.ois tI'o
q Functions until n now hoard Is electet
: Two members of said Board shall constitui
a Quorum for the transaction OF bushes
q and said Board of Directors as Weii as ~ ~
one herein provided tor, shall! nave u
t right to adopt such bylaws. rules and rel
r uiations for the transaction OF the pushes
b of said company as may 10 mecess rnrnora
}, seal with such device as they may seiec
v and shall elect all officers herein provide
:, for and such other officers as me hecess
ties of the business may dehlahu.
ARTICLE V.
This charter may be amended or In
corporation dissolved by vote OF thre
fourths of the stock present or represent'
y for that purpose after fifteen days, write
If notice shall have been given to each stoc
holder or after fifteen days publlcatlt
i thereof in one of the newspapers OF
Or city of Monroe AS the president may eie'
Y. Special meetings of the stockho!ders M
- be- called by the president or in his absen
g Nv the secretary and treasurer, at al
Il time upon similar notice. -.
X In the event of the dissolution or at I
n, expiration of this charter, the llquidatl
a' of The affairs of tho company shall DC co
IN ductod by two commissioners 10 ne eiect
to nv ballot ut a general meeting OF the stoc
!, holders convened for that purpose, ant
- majority of the stock present or represent
III shall elect. ,a,, s,,,,,
~. once proceed to settle and wind up
business of the corporation, sell or 9TH
a wise lispose of it's assets, and on PAYNE
is Of its liabilities, distribute the excess
"a rata among tho stockholders.
should either of said commissioners
ne or resirn tho business of liquidating
a atfo;rs Of said corporation shall be &C
no tinucd by the remaining commissioners
hi ARTICLE VI.
cd No stakeholder of this company sl
~ ever be held liable or responsible for
~. contracts or faults of the same III
OF further sum than the unpaid balance
Oh to the company on the shares oWheu
,h+ him nor shall any mere lntormali,y
organization have the effect OF render
III this charter null or of exposing any $40
lat holder to IL liability beyond the amour
ed his stock.
I'LL date above written AT tho Guy Oh MON
as La. in the presence of ID. III. Key ana ~.
unto subscribe their names with tho par
-" hereto. ,,,
ne J. w. MITCH ELL,
no. j. Ii. MCCORMICK, AGE!
JNo. l.. NORRIS.
Attest: u. II. KEY,
IN