The Lake Charles echo., 1893-09-08
ABSQLUTELY PURE
CHARTER.
STATE OF LOUISIANA, Z
PAHIaaI or nALnAEIEIt.

STATE OF LOUISIANA
PABlsH or uAIGAslEU. 5
BE IT KNOwS. That on this the 18th day Of
August, 1893 before me, Z. l. Cannon, Notary
PRblc, dHly commissioned and qnali6ei far the
Parish Of Gaicasien Add State Of Louisiana, and
in the presence Of las. NJ Foster and Henry Car
ter lsETful Witnesses, personally appeared Z. J.
Jarr0llr 4, T. Hyatt, J. b. Raves Sr., y. W.
NICHOLS J. n heely and Isaac Nichols all Of the
above named state and parish, who declared that
dyaiIng themselves Of the provisions of the laws
Of the State of Louisiana relative to the organi-
zatiOns Of corporations they haves60ntnactsd and
sEieed and 81 by these presents covenant and
agree, oblgSte bad bind themselves as well a.
such other persons as may hereafter become
associated With them, to form and constitute 8
corporation and body polite IN law, for the
objects and purposes under the following stipH-
lati0R and agreement, tO-Eit:
ARTIULEL
The name and style of this corporation shall be
THE PEOPLES COOPERATIVE ASSOCI-
TIOE OF OFCALCASIEU PARISH, LOUISIANA,
LIMITED ' and BY that name it shall have the
authority and powers to exist and enjoy success.
sion for the fun term of five years, commencing
and % be computed from the 25th day Of August,
a. D. 1893.
ARTICLE II.
The damiele of this corporation shall be within
the vicinity of MerryyiIie, La and all citations
or other legal process shall be served the
president of said corporation or In his absence
inability To serve, upon the yice-pTesident or
secretary.
ARTICLE III
The purposes of this corporation are to conduct
a cooperative general mercantile business.
ARTICLEIv.
{ This corporation shall have the power by and
under its corporate name to purchase, receive
aud enjoy lands EDudH chnttels aud any property
Of any kind whatsoever. It shall have the right
to grant. sell, mortgage and dispose Of said prop
erty, to sue and to be sued, plead and b i'm
pleaded, TO contract and be contracted with, to
make and use a common seal, TO make and
establish bylaws to govern this corporation.
ARrTCLEV:
The capital stock Of this corporation is hereby
fixed at Twenty Thousand Dollars ts20. 900, to be
divided into shares Of $5 each. with liberty TO
commence operations when one hundred shares
have been paid up. No stOeEholdeT shall ever be
liable OF responsible tor the contracts faaits Of
this corporation in any further sum than the
unpaid stock due him. or shall any mere inform
aity in organization have the effect Of rendering
this charter null or of exposing any EtOokholder
To any liability beyond the amount Of his or heI
stock.
ARTICLE VI.
The stockholders of this corporation shall hold
annual meetings On the second Thursday in
Angus OF each year, and shall elect from their
number a board Of ssve directors, three Of whom
shall constitute a quorum for the transaction Of
business in whom all the corporate powers Of
this corporation shall be vested and exercised.
A majority Of all the yOt6s cast shall elect, and
each share of stock shall be entitled TO vote pro
Vided person is entitled 70 more than ten votes
and the diTsCtOrs then elected shall serve and OOn
/ flnue IN once Mntl Ihell s0s0hbapEB nave ba1L
elected A lailRre to eieet directors on the above
specified time shall not dissolve this corporation
but the existing board of directors shall continue
IN office aud another election shall be held within
s thirty days thereafter whereof, ten days pTiOl
notice shall be given by mail OF otherwise Of salt
{ election Vacancies occurring in the said board
from any cause whatever, shall be filed by tht
Z remaining directors from among the eligible
stockholders Of the association. The board 0
directors at their first meeting Of each Year shal
elect fDOm theiI number q president Nlce-pTesl
dent and q secretary a. well as elect from time b
tame and dismiss at their will such HraDagera
clerks, agents and emplOYe as may be deemeG
necessary for the purposes Of the corporation ant
81 to fix their remuneration and make aud establish
as we'll as annul aud alter all by.lRws ruleS an
r. regulations deemed requisite for the support AM
d management Of the business Of the corporation
Il ARTICLE VII.
J. Stockholders shall be required 10 own at leas
ten shares OF capital stock 10 become eligible fo
dirsetor Of this corporation. The gensEg
e manager shall be reqniTed TO own not less tina
ten shares Of eapitai stuck and shall be require
, to give q good and solvent bond for the iaithfI
+ performance Of his dHty.
/. ARTICLE VIII.
,e All the profits of this association shall /
r. applied 1irs8 TO the payment Of all operating o.
A. Penses, The balance Of profits If any, shall
T. distributed among the Stockholders, according
. the amount Of their stock.
- ARTICLE IX.
II This act Of incorporation may be change
r. modified altered, or said corporation may
- dissolved with the consent Of thTee.fUuTths 0Etl
-, STOCK represented.
" ARTICLE X.
= Whenever this corporation shall be dissolve
ID either by Limitation Of it, charter OtheTwis
a., from any Cause whatever, its affairs shall
a liquidated by three commissioners who shall
y elbeted by the bOchboldsrs at general meetil
Called for tnat pDTp0sei said commissioners shi
Bs continue in office until the atairs Of the GorpC
tx alton shall have been fully liguidRted and lin
c, settlement be perfected.
- z J.CARRQIL,
-, TIE. HYATT,
u J. NJ. NELLY,
"l J. b. EAVES, SR.,
cc ISAAC NICHOLS,
I'd J. W. NICHOLS NJ. D.,
u j. b. EANES. JR
III Attest
as HEHRY CARTER,
- j. NJ. FOSTER.
ke This act Of agreement aud obligation thas do