The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1888-08-11
LEGAL ADVERTISEMENTS.
CHI
OF THE
MitcheIl-McCOrmick Grocer Co.
.IIMIrED."
STATE OF LOUISIANA. PARISH OF
OUACNlTA.

OuACHlTA.
DE TT KNOWN THAT ON THIS THE
ID 3lst day of July a. D. ISIS, before mo
Dennis Nj. Shoalers Notary Public in
and for said Parish and Stata. duly conn
missioned and qualified, and In tho pres
ence of the witnesses hereinafter named
and undersigned, personally came and up :
peared the persons whose names arc hero
unto subscribed, who declared that availlng
themselves of the general laws of the State
relative to the organization OF corporations,
and particularly OF the provisions OF Act
No: SO. session lssS, they have covenanted
form themselves into and constitute corr
poration under the following stipulations
and agreement, which they adopt AS their
charter, to.wit.
This corporation shall be known aud
designated by the title of Mitchell-McCor-
mick Grocer Company. "Limited," Its do
and il shall exist and enjoy succession for
a period of ninety mine years from the date
hereof unless sooner dissolved.
The president of the corporation, or In
his absence the secretary and treasurer
shall DO the officer upon whom all citations
and other legal process shall no served.
ARTICLE II.
The objects and purposes OF this corpora
ton are declareC to be, to buy ana to sell In
its corporate name and capacity, every
species of property, both real and personal,
and particularly to carry on IN tho City OF
business, with the right to buy and to sell
merchandise and produce of every dcscrip-
ton which may enter into commerce and
to own and employ such drays, floats and
other auxilliaries as the necessities OF snid
business may require.
ARTICLE III.
The capita, stock OF this Corporation Ia
hereby fixed ut the sum OF Twenty-Five
thousand dollars divided into 25o shares NJ
par value of ono hundred dollars ouch pay
able on demand III cash at tho hnio of sub
scription. Tho said capital stock mny DO
increased to II sum not exceeding htly
Thousand dollars on complying with exist
ARTlCLEIV
shall b tV vested est in and DO exercised by u
Board of Directors to be composed of three
stock holders.
John W. Mitchell; j.: II: Mccormiek
tho first Board of Directors, with Jno. w.
Mitchell as president and j. ii. Mccormick
agent ns secretary and trcasuer, aid tho
said officers shalt hold their respective Of
fees until the first Monday OF september
1889, or until their SUCCESSORS arc elected
and qualified and on the first Monday OF
Soptember 1852, and on the same day an-
nually thereafter an election for choosing
directors shall 10 held at the Office OF the
company, II majority OF votes cast shall
ono vote to be cast by tho holder or by
proxy. All ELECTIONS to DO by ballot, and
any Vacancy occurring on said Bonrd shall
he filled by Tho remaining directors.
Any failure to elect directors at u general
meeting of tho ockholders shall not dis
solye the company, but the directors there
in Office shall continue 70 exercise then
functions until II now Board Is elected.
Two members of said Board shall constitute
a quorum for tho transaction of business
and said Board of Directors rs we'll rs tho
ono herein provided Tor, shall have tho
right to adopt such bylaws. ru los and reg
uiations for tho transaction of tho business
of said company as may BIO necessary, and
to cause to DO made and to uso II corporate
seal with such dovice as thoy may select.
and shall elect all officers herein provided
for and such othor officers ns tho nocessi-
ties OF the business may demand.
ARTICLE v.
This charter may b5 amended or this
corporation dissolved by Il vote OF thrco-
fourths of tho stock present or represented
nj meeting of tho stock holders convened
for that purpose after Gitcon days written
notice shall have been givon to each stock
holder or after iifteon days publication
thereof in ono of tho newspapers OF tho
city OF Monroe M tho president may elect.
Special meet inps of tho stock oldors may
DO called by tho president or In his absence
by tho secretary and treasurer, at any
time upon similar notice.
In the event of tho dissolution or nj THO
expiration of this charter, the liquidation
of the affairs of TIL" company shall DO con.
duct ed by two comm issioners to DO elocted
"
holders convened for that purpose, and ~
majority oftho stock present or represented
shall elect.
Tho commissioners thus elected shall ut
once proceed to sottie and wind UP tho
business of tho corporation, soil or othcr-
wise dispose of its assets, and on payment
| of its liabilities, distribute tho excess pro
rata among tho Stockholders.
| should either of said conn isSionors dio
| or resign tho business of ii1Hidatit5 tho
| affairs of said corporation shall DO con-
| tinuCi by tho remaining commissioners
ARTICLE VI.
No stakeholder Of this company shall
ever be hold liable or responsible for tho
90 n racts or faults of tho Same in any
! further sum than the unpaid balance due
| to tho company on tho shares owned by
him nor shall any moro informally in
organization have tho effect of rendering
| this charter null or of exposing any stock :
| holder to It liability beyond tho amount OF
his stock,
| Thus dond and passed on tho day and
| datc above written at tho city of Monroe,
La in tho presence of -. ". Key and ID. IL.
| Dalton competent Witnesses, who hero
| unto subscribe their names with tho part ieq
hereto. "
! J. w. MITCHELL.
| J. II. MCCORMICK, AGENT,
JNo. T.. NORRIS.
| Attest: ID. II. KEY,
| II. H. DALroS..