The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1889-06-08


29tb. 1855. ~ wells as of those OF the genera
laws OF this State felativ0to the organiaA
ton OF corporations, they have formed ant
s1a by ss.s do
| ton for the objects and purposes aud under
| the stiPufattons aud agreements hereinafter
set forth, which they hereby adopt AS thei'
ARTICLE ~ as'
| The name and title OF the corporation
hereby. formed slatt be and il hereby de-
Gisrsd e % "Monroe Hardware Company,
The corporation SHAH have II. aom,c,, In
the city OF Monros, In the parish OF Qassh.
ltta, Louisiana, and shall have and enjoy
sncceasion for y period Of twenty i've years
from and efter the date hereof, unless
| sooner dissolved. 1t may have, hold, own,
| acquire BY purchase or otherwise, asli, con-
| vsy, excnan&e. lease, mortgage and pledge
property, movable and imhovahis. per-
rate name. and may have y seal with such
device aud Inscriptions ~ may be deter
mined on by the board OF directors. The
President OF this company. or in the event
incapactty, then the vice-prssidsnt tharsor
| II hereby designated As the person upon
whom all cttsttons or other legal process
| shall be served or made. 5ts
$50 ARTICLEII. sr
The objects aud purposes for which this
corporation 10 Organised and the nature OF
The buytness to be conducted by It are here.
ey declared to Be to do = general hardware
. Sasaacs.; to buy aud .sit tors profit all
tor ssle In frat class hardware store
.4sa ARTICLE III. sffF Ski
The capital stock of this company IL
hereby declared to be the snm or'fwsnty-
i've Thousand Dollars divided into Two
Hundred and Fifty shares OF Que hund red
dollars each, pay.biy in cash or It's equivs-
lent Ia real estate, merchandise fur0it urA
or fixtures, and NJ such tttue as tho board
OF directors may require. No" "'
All transfers OF stock shall be made ONLY
ON the books OF the company by the stock.
torney in fact.
ARTICLEIv. rtsgra
The business and affairs of this company
shall be transacted and managed Nv y
board of three directors, through their ex-
ecutive officers. - : 49,
The officers of the company shall he
three. viz:
president, vice president and a score
tary. The vice-president or the secretary
may, at the discretion OF the board of IL.
rectors. act as treasurer, The president,
powered to sign checks, drafts, notes, re.
cstpts or other obligations in settlement Of
DEBTS due by or to the cotirany.
Edwin r. sahlett, William G, Williams
| first board OF directors. with The said ia
! win II. Sublett M president, William q.
Williams ss vice. president and Frank L..
| offices until the first Monday in May, 1890,
or until their SUCCESSORS shall have boon
duly elected and quatttied, subject to tho
by declared to have, OF declaring suy office
vacant and filing tho same by election an
! hereinafter provided.
.-. T. ARTICLE -1. r-''.i ~
On the first Monday ia Nav 1890 and
annually thereafter q meeting OF the stock
holders ofthe company shall be held ut the
place Of business Of the company, for the
purpose Of olectfng q board OF directors.
Prior To 0aSh Hfe8ffEk the mr. Sh~t
appoint two stock holders RS inspectors OF
election TO receive and canvass the votes
| cast at such elections and riify The result
to him.. The annual meetings herein
provided for shall also consider all other
matters pertaining TO the interests OF
the the, company ifa1 Each board Of directors
their election aud shall eject a president,
vice president and secretary.
Written notice OF said annual meet
Ing. and elections shall be mailed to tho
address OF every stockholisr, not more
than thirty or less than ten days prior to
said annual mesttngs. s'aid notice shall
he given by the secretary aud In the event
of lie absence death or Inability to act Nv
any other officer OF the company.
The officers OF this company shall DO
elected by ballot aud majority of tue
stock voted shall he necessary to eject to
any ONCE, and each share of stock shall be
entitled to one vote in person or by proxy.
ARTICLE vi. l ft
Two members of board OF directors shall
all the business and affairs OF the COM
pany and they may adopt such by laws,
rules and regulations for the government
of the company AS they may deem proper
ARTICLE VII.
Special meetings OF the stock holders
| shall be held only IN the manner aud un-
der the restrictions provided IN The by
ARTICLE VIII. ... 81.
The president OF the company shall
preside at all meetings ofthe stock holders
ami board OF directors. when practicable,
shalt exercise general supervisor aud
control over the affairs of tibet company,
| and subject TO the approval OF the board
Of directors shall prescribe all rules for the
government of the officers and employees OF
! the company and shall execute and enforce
] the rules, regulations aud bylaws adopt ed
] by tho board OF directors. He is hereby
| vested with the authority to make pur-
| chasss and sales, to bind the company by
| contract, to hire aud discharge emp yes
| and generally to conduct the business OF
| the corporation.
! The vice president in case Of the alb
| sence or inability OF the president shall act
! In his Stead aud place aud succeed To Ills
! duties and powers. Tho duties OF the
| secretary shall be defined In the bylaws,
| rnlS > aud regulations OF the company.
| ARTICLE TX.
At the termination of this charter by
| limitation or otherwise the business and
affair s Of this company shall he ii4aidHteti
| by three com missioners to be appoia ed
from among the stockholders at n meeting
convened In the manner herein provided
tor annual meetings OF the stock holders
The said coin missioners shall be elect cd
and their compensation liked by majority
of the shares OF stock present or represent
cd at said meeting. In the event Of the
death or disability of Que OF more of the
said commissioners the .uryiyor sinai