The Lake Charles echo., 1893-09-15
CHARTER.
STATE OF LOUISIANA, I
PARIsH OF CALnAsIEr. &

STATE OE LOUISIANA,
PARISH OF CALoAsIkU.
BE II KNOWN. That on this the 18th day Of
August, 1893 before ne. E. L. Cannon, Notary
Public, duly commissioned and qualified for The
Parish Of Oasuasisn as4d State Of Louisiana and
IN the presence of tas. Al Foster and Henry Caf.
ter, lawful Witnesses, personally appeared 7. J.
Carroll, 4. E. Hyatt, j. b. Eayes. ST., j. W.
Nichols J N Neely and Isaac Nichols al Of the
above named state and parish, who declared that
NvailinE themselves OF the provisions Of the laws
Of the State OF Louisiana relative to the Orgnni,
zatioDs Of corporations they have contracted and
agreed and do by these presents covenant and
agree, obhgltO aud bind themselves rs well as
such other persons as may hereafter become
associated with them, to fdfm and constitute a
corpVratioE and body polite in law, for the
objects and ypUlyuses under the following stipu.
latiVn and agreement tO%wit;
ARTICLE /
The name and siy of this corporation shall be
THE PEOPLE = sCO.0PERATLyE ASsOCI.
TIOE OFCALCASfEU PARISH, LOUISIANA,
LIMITED, and by that name it shall have the
authority and powers to exist and enjoy sueces-
sion for the full term Of five years, commencing
and to be computed fiom the 25th day of August
a. j. 1893,
ARTICLE II
The domicle Of this corporation shall be within
the vicinity of Nsrryville La, and all eitetioBs
, OF other legal process shall be served on the
president OF said corporation in his absence or
inability to serve, upon the yioe-President or
secretary.
AAbLIJ1E III.
The purposes of this corporation are to conduct
a cooperative general mercantile business.
ARTICLE ".
Z This corporation shall have the power by and
under its corporate name TO purchase, receive
and enjoy lands, goods, chattrls aud any property
/ ol any kind whatsoever. 1t shall have the right
to grant sell, mortgage and dispose Of said prop
ertY to sue and to be sued, plead and be I'M
pleaded. to contract aHd be contracted with to
make and use n common seal, to make and
F,F
ARrICLEV.
The capital stock of this corpora tion Is hereby
fixed at Twenty ThUUHaad Dollars $50 O00), to be
divided into shares Of s. each. with liberty to
commence operations when one hundred shares
have been paid up No sbOcEhOldeT shall ever be
liable or responsible Tor the contracts or faults OF
ihi, corporation in any tnrtber sum than the
uupad stock due him- or shall any mere inform
aiIy il organization have the effect of rendering
this charter null or Of exposing any stOokhOldeI
to any liability beyond the amount Of has Or heI
stock.
ARTICLE VI.
The stock holders Of this corporation shall hold
annual meetings On the second Thursday in
Augus OF each year. and shall elect from theiI
number a board Of seve directors, three of whom
shall constitute Il quorum for the tranBactiOn Of
business IN " nom all the corporate powers Of
this corporation shall be vested and exercised
majority Of all the votes cast shall elect, and
each share OF stock shall be entitled to vote pro
vdsd DO person is entitled to muUe than ten votes
and the direCtOrF then elected shall serve and Gun
Jluue in office until their RuUOessOEs have b6eI
elected A failure to elect directors the above
specified lime shall nnt dissolve this corporation
but the existing board Of directors shall continue
office aud RnuLher election shall be held within
p thirty daNE thereafter whereof, ten day- pTlO
notice shall be given by mail or otherwise Of sait
Z election Vacancies occurring In the satd board
% from ANY CAUSE whatever. shall be filed by tn
remaining directors from among the elgibl
+ stOckhnldorR of the aas"ciatiom. The hoard Q
directors at their first meeting OF each year shAl
[ elect from Tholl number president vloe-PTes
dent aud secretAry, a. well rs elect frGm time
e tune and uismIsa at their will such managers
i clerks, agents and emplONe rs may be d~emrt
necessary for the purposes OF the corporation an
u tiX their remuneration and make and establisl
| as we'll as anDul aud alter all bylaws rules an
d regulations dBemed requisite for the support an
Il management OF the business Of the corporation.
d ARTICLE VII.
~ Stockholders shall be required 10 own at leas
T. ten shares of capital stock 10 become eligible 70
10 Il director OF this CORPORATION. The geneTI
, manager shall be TegpiHed 10 own not less tina
ten shares OF capital stick and shall be reGIiTr
~ 10 give good and solvent bond for the laithfI
., performance Of his duty.
k ARTICLE VIII.
All tho profits Of this association shall
ie applied hTst 10 the payment OF all operating e.
70 penses. The balance Of profits If any, shall /
10 distributed among the Stockholders, according
~ the amount OF their stock.
= = ARTICLE IN.
d This act Of incorporation may be change,
L. modified "r altered, said corporation may i
j. dissolved with the consent of t6reefOurths Of IL
II suOck represented.
b. ARTICLE X
IT Whenever this corporation shall be dissolve
y, either by limitation Of its charter OtheTwis
T. frum any cause whatever its affairs shall
" hquidated by three commissioners whO shall
~, elected by the stockholders at general meetil
~ called for tnat purp0se said commissioners Sha
~ continue in office Hnfilthe aiiairs of the oOrp0
n alton ehall have been fully liquidaied and a fin
ir settlement be perfected.
NJ 7 J. CARROLL,
~ 7. Z. HYATT,
u j. NJ. NEELY
y, J.B EAvES, SR.,
20 ISAAC NICHOLS,
S' j. w. NICHOLS NJ. D..
~ I II RAVES IN