The Opelousas courier., 1892-10-22
CHARTER.
A OF LOUISIANA,
PARISH OF ST. LANDRY,

PARISH OF ST.. LANDRY.
Be it known that on this seventeenth day
of October 1892, before me-, Gilbert L.. Dupre,
a Notary Public duly commissioned and
sworn, in and for the parish of st. Landry,
| State above written, and in the presence of
the undersig ned witnesses hereinafter named,
personally came, Mentor Andrus, Julius
Meyers, Alphonse Levy, all of the parish of
st. Landry and to me well known, whe sever
ally declared that ayailing themselves of the
| provisions of act No. 36, of the General As
sembly of the state of Louisiana, approved
and signed on June the 2Sth, 1888, they nave
contracted and agreed, and by these pre-
sents do contract and agree to form them
selves into a corporation for the objects and
purposes and under the terms. limitations
and stipnlations hereinafter set forth to-wit:
Article 1.-The name and title of this cor
poration shall be the "SMnSet Mercantile
Company Limited" its domicile shall be in
the town of Sunset, in the parish of st. Ian
dry, Louisiana, and it shall exist for the term
of five years from this date, provided that by
the consent of all the present incorporators,
or their successors or assigns, the terms OF
this Charter may be extended beyond said
date or its duration limited or a liquidation
of its affairs made.
Article 2.-The objects and purposes of this
corporation are hereby declared to be, the
conducting of a general mercantile business,
to buy and sell produce and to do such other
transactions as are usually carried on in such
o business.
Article 3.-The capital stock of said com.
pany is hereby fixed at the sum of ten thou
sand dollars, divided into three shares of Three
Thousand Three Hundred and Thirty three
and thirty three and one-third cents $685.
335) each and subscribed as hereinafter stat
ed and the business to begin fFSm the date
of publication of~tthfs Charter. The capital
stock Hda5 be increased in such an amount as
may be hereafter agreed on by the incorpora-
tors or their assigns, not to exceed the. sum of
twenty-five thousand dollars ($250O0. 00).
article 1.-THE capital stock of the corpora
ton is owned and subscribed as follows, to
wit Mentor Andrus one share, Julius Meyers
one share, and Alphonse Levy one share, all
of which are paid cash this day; the par
value of each share being three thousand
three hundred and thirty-three, thirty-three
and one.third one hnndredths dollars.
None of the incorporators or their assigns
shall have the right to dispose of his ahare in
the corporation except to either or bosh of the
other shareholders or with their written con-
sent if it be other than to the shareholders.
article 5.-The shareholders in this corpor-
alton shall not be liable for any of the in
debtedness, contracts or faults thereof in any
other sum than the balance he may be owing
on his share.
Nor shall any informality in the organiza-
ton of this Charter have the effect of render |
ing ~ hAlA OE WI any 4hu 4
beyond the unpaid balance on his share.
Article 6.-Mentor Andrus is to be the man
ager of said company and to have full charge
and control of the store, and shall receive in
compensation for his services such a salary
as may be liked from time to time by the in
corporators or their assigns. The salary, like
other expenses, shall be chargeable to the
expense amount of the business.
The profits, after deducting1 expenses and
losses, to be divided equally among the three
shares; each shareholder to receive one-third
of said profits.
article This corporation shall not ex-
pire nor cease, on the death of one of the
stockholders. In such an event, the business
shall be carried on by the survivors until the
expiration of thedive years, or of the extern
ded term which may have begun to run,
to do SO, provided, however, that said
will have the right to purchase or
retain the share and interest of the deceased
from his successors at the price of the ap-
praisement thereof made by judicial order,
and shall have one year to pay to the estate
the amount which will be due as fixed by ap-
praisement.
Article 8.-Wheneyer the corporation shall
by limitation, death or otherwise, its
affairs shall be ~liquidated By the stockholders
jointly or by the survivors in case of death,
unless they agree to name a liqnidator.
Article 9.-The manager shall keep a regu-
AGA " - pOoNSt ~ = 0l Il
of the affairs of the corporation, which books
shall always be open to the inspection of the
stockholders at reasonable hours.
article 10.-The profits are to be divided at
such times as may be agreed upon after full
statements of the business to be made by the
manager.
article lin the event of the death or
of Mentor Andrus as manager,
the remaining stakeholder or stockholders
shall have the right of filling the vacancy.
Article l2.-AlI citations shall be made on
the manager Of the corporation. He shall
bring all suits for and in behalf of said cor
poration, and defend all suits brought against
it.
Thus done, read and signed, at the Office of
]. Meyers d Co, in the town of Opelonsas. La,
in the presence of Messrs. e. ID. Estilette and
j. Lefebyre, competent witnesses, who
have hereto signed with the contracting par
ties, and before me, Notary, the day and date
Witnesses: JULIUS MEYERS.
E.. ID. EsTILETTE. MENTOR ANDRUs
r. j. LEFEBvRE. ALPHoEsE LEVY.
GILBERT L.. DUPRE
Notary Public.