The Opelousas courier., 1892-11-05
CHARTER.
STATE OF LOUISIANA, .
PARISH OF ST. LANDRY. {

FAsAD - 1
Be it known that on this seventeenth day
of October 1892, before me, Gilbert l.. Dupro, |
a Notary Public duly commissioned and
sworn, in and for the parish OF st. Landry,
State above writteni and in the presence OF
the undersi gned witnesses hereinafter named,
personally came, Mentor Andrus, julius
Meyers, Alphonse Levy, all of the parish OF
st. Landry and to me wellknown, who sever
ally declared that availing 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 have
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 stipulations hereinafter set forth to-wit:
Article 1.-The name and title of this cor
p~oration shall be the "SmnSet Mercantile
Compang Limited," it's domicile shall be- in
the town of Sunset, in the parish of st. Lam
DIV. 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 extende ed beyond said
date or its duration limited or a liquidation
of it's 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 scll produce and to do such other
transactions as arc usually carried on in such
a 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 ($3333.-
1871 each and subscribed as hereinafter stat
| ed and the business TO begin from the date
of publication of this Charter. The capital
| stock may be increased in such an amount as
NAV be hereafter agreed on by the incorpora-
toro M fhair aScjuug mt tn nyaap6 the sum nf
twenty-five thousand dollars t$25000. 10Y.
1rticlc 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 AIphonse 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 hundredths dollars.
None Of the iucorporators or their assigns
shall have the right 10 dispose of his share in
the corporation except to either or both 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
debtedncss, contracts or faults thereof i'll any
other sum than the balance he may be owing
on his share,
Nor shall any informality 10 the organiza-
ton of this Charter have the effect of render
ing it null or making any shareholder liable
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 NAV be fixed from time to time by the in
eorporators or their assigns. The salary, like
other expens es, shall be chargeable to the
expense amount of the business.
The profits, after deducting expenses and
losses, to be divided equally among the three
shares each shareholder to receive one-third
of said profits.
Article Tins corporation shall not ex-
pire nor cease, OH the death of one of the
stockholders. In such an event, the business
shall be carried on by the survivors until the
expiration of the five years, or of the extern
ded term which may have begun to run,
should the survivingd - members choose
to do so, provided, however, that said
survivors 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,
aud shall have ono year to pay to the estate
the amount which will he due as fixed by APP
pFaisement.
article 8.-Whenever the corporation shall
expire by limitation, death or otherwise, its
affairs shall he liquidated by the stockholders
jointly OF by the survivors in case of death.
unless they agree to name a liguidator.
Article 9.-The manager shall keep a regu-
lar set of books, exhibiting and recording all
Of the affairs of the corporation. which books
/ 6bhil ~ ~ ~ w hhCi " tiS ibHHpSiiph VI tbp
stockholders at reasonable hours.
Afticte l0.-The profits are to be divided at
such times as may be agreed upon after full
statements of the business to he made by the
manager.
Article 1i.-in the event Of the death or
resignation of Mentor Andrus as manager,
the remaining stock holder or stakeholder
shall have the right of filing the vacancy.
article l2.-All 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
j.. Meyers & Co., in the town of Opelousas. La,
in the presence of Messrs. L. d. Estilette and
P. j. Lefebvre, competent witnesses, who
have hereto signed with the contracting par
ties, and before me, Notary, the day and date
aforesaid.
Witnesses: JULIUS MEYERS.
Il. ID. EsTILETTE. MENTOR ANDRUs
p. J. LEFEByRE. ALPHoNsE levy.
GILBERT l.. DUPRE
Notary Public.