The Opelousas courier., 1892-11-12
CHARTER.
STATE OF LOUISIANA,

PARISH OF ST. LANDRY.
Be it known that on this seventeenth day
of October 1892, before me, Gilbert L.. Dupre,
q Notary Public duly commissioned and
sworn, in and for the parish of st. Landry,
State above written, and in the presence of
the undersigned witnesses hereinafter named,
personally came, Mentor Andrus, Julius
Meyers, Alphonse Levy, all of the parish of
st. Landry and to me well known, who sever
ally declared that availing themselves of the
provisions of act No. So, 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:
4rticle 1.-The name and title of this cor
p~oration shall be the "SknSet Mercantile
Company Limited" it's domieile shall be in
the town of Sunset, in the parish of st. Lam
| 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 extende ed beyond said
date or it's 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 II general mercantile business,
to buy and sell produce and to do such other
transactions as are 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 $685.
33aa) 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
/ Yra- lo 1npnnfEap N rraa1 on hv fhn innppnnra
tors or their assigns, not to exceed the sum of
twenty-five thousand dollars ($25000. 00).
article THE capital stock of the corpora
tion is owned and subscribed as follows, to
wit: Mentor Andrus one share, Julius Meyers
one share, and Alphonse Levy one share, all
value of each share being three thousand
three hundred and thirty-three, thirty-three
and one-third one hundredths dollars.
None of the incorporators or their assigns
shall have the right to 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
debtedness, contracts or faults thereof in any
other sum than the balance he may be owing
Oh his share.
Nor shall any informality in 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 aud to have full charge
and control If the store, and shall receive IN
compensation for his services such u salary
as may be fixed from time to time by the in
corporat0rs or their assigns. The salary, like
other expenses, shall be cbargeable to the
expense aInnunt of the business.
The profits, after ,iedueting expenses and
losses, to be divided equally among the three
| shares. each shareholder 10 receive nnp-thIF6
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
kstall be carried on by the survivors until the
expiration of the five years, or of the extern
ded term which may nave begun to run,
to do so, provided, howeSst, 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,
and shall have one year to pay to the estate
the amount which will he due as fixed by APP
praiSement.
Article 8.-Wheneyer the corporation shall
expire 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 IL 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
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
resignation of MentOr Andrus as manager,
the remaining stakeholder or stock holders
shall have the right of filing 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 aud signed, at the Office of
J. Meyers & Co., in the town of Opelousas, La.
in the presence of Messrs. g.. d. Estilette and
T. 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.
e. ID. EsTILETTE. MENTOR ANDRUs
T. j, L~EFEBvRE. ALPHoNsE LEVY.
GILBERT l.. DUPRE
Natarv Puhlic