The Meridional. (Abbeville, La.) 1856-1906, 1899-05-27

BEFORE IIFs - ~
Notary Public duly commissioned ana
qualified as snch, il and for theParlsh OF
VprmiliOn. State of Louisiana, and In Inc
presence of the undersigned eompetent
witnesses Personally came and appeared
the persons whose names are hefeunto
subscribed. who severally declared, that
avaiIiug themselves of the provisions of
the laws of the State of Louisiana, fof
themselves, their Successors and assigns,
they hereby form themselves into d cor
poration as follows:
ARTICLE
The name and title of this corporation,
shall be The Abbeville Hardware and I'M
plement Company. Limited. and the place
chosen for it's domicile is declared to be
the Town of Abbeville, in the Parish OF
Vermilion. State of Louisiana.
The length of time during which ms
Corporation shall exist and continue,
shall be for a period of ninety nine years
from and after the date OF this act.
ARTICLE II.
The purpose for which this Corporation
is established and the nature OF the bnsl-
ness to be carried on by it are declared to
be a General Mercantile Business, wholesale
and retail.
TO purchase and sell merchandise and
all things appertaining to and pertinent
or incident to the above purposes.
@ IA 0flcpT on WHO'LL CtbdbIOA may w
served. shall be tie president, and in case
of his absence or inability to act, citation
may be served on the Secretary-Freasurer.
ARTICLE III.
The capital stock of this Corporation is
declared to be the sum Ct FIVE Thousand
(S5OO0.0 O Dollars, divided into one hun
bred shares of Fifty dollars each, to be
paid in such a name and at such times
as the Board of Directors may direct the
said capital stock may be increased III the
manner required by law to a sum not eX-
ceeding Twenty Thousand Dollars. hrs
Corporation shall commence business
when the full amount of said capital stock
shall have been subscribed.
ARTICLE nv.
This Corporation shall have power and
authority to contract, sue and be sued IL
IFS corporate name, and to make and use
a corporate seal; to hold, receive. pur-
chase. mortgage and convey under its
corporate name. property both real and
personal, to borrow money issue notes
aud obligations and 10 pledge same; TO
name and appoint such managers, direct
ors and officers as its interests and conve-
nience NAV require, and to make and es-
+ tablish such bylaws for the proper man
! agemen and regulation of its affairs as
ma be necessary and proper.
! The business aud affairs of this Corpora
ton, shall be managed n eondueted by
a Board of Directors to he composed of
three stockholders, who shall be elected
annually on the first Thursday in January
of each year. to begin with the year 1900.
Said election shall be by ballot and
shall be held at the donlicile of the Cor
poration under the supervision OF three
stockholders appointed BY the Board OF
Directors; the stockholders receiving the
majority of the votes cast, to be declared
elected. The failure to hold an election
on said date specified, shall not dissolve
this corporation, but the Directors then
in office shall hold same until an election
may be held in the manner provided Tor ];
written notice OF said election bsing given
to each stakeholder at least fifteen days
previous to said election. The following
named persons have been chosen as the
Board of Directors to serve unbll their
successors shall have been duly elected
and qualified. viz: Ophelias Bourque,
John Abshire, Jr. aud James A. Summers.
And of these. Ophelias Bourqne shall he
President, John Abshire, Jr.. shall be
Vice-President, and Jas. A. Summers shall
be Secretary-Treasure aud shall perform
the duties Of both Secretary Treasurer.
At the first meeting following each cleo
ton, the Board of Directors then elected,
shall elect one of their number to be
President, one to be Vlce-Presldent and
one to be Secretary-Freasrrer
The Board of Directors shall exercise
and be vested with the usual power OF
administration. and make allby-laws and
fill any and all vacancies in their number.
All checks, notes or other obligations OF
this corporation for the payment of mon
sey, shall be signed by the President and
countersigned by the Secretary-Treasurer
When, from absence or other reason.
the President is unable to act individual
ly. the Vice-Presldent shall sign checks,
notes and obligations. to pay money,
which shall be countersigned as before by
the Secretary-Treasurer.
No certificate of stock shall be valid
unless signed by the President and coun-
, tersigned by the Seeretary.Tfeasurer.
Each share of stock shall be entitled to
one vote at all meetings or elections.
Notice IL elections. as well as all notices
of stockholders meetings, shall be by
fifteen days written notice mailed or de
livered to each stakeholder, but meet t
ings may be held at any time by unani.
nous consent.
No share of the capital stock of this
corporation shall he transferred or SOLD
) or disposed Of. unless the stakeholder de.
string to make such transfer or sale, shall
fist proffer such stock to the other stock.
holders of said corporation, through its
Board of Directors, at the lowest price
: such stakeholder may be willing to take
therefor. and only on such notification
having been served in writing on the
Board of Directors of said corporation,
/, and the failr@ within ten days thereaftel
of any stakeholder to avail himself o.
, such privileges of purchasing. the afore
f said stock may be sold and the transfer
: thereof be made on the books of the cor
! poration. Three Directors shall consti
: tute a quorum for the transaction of bust
: ness.
! ARTICLE v.
This charter may be amended, added II
= or changed, or said corporation may b.
= dissolved at any general meeting OF tn
s ten DAYS previous notice published in on
or more O. the newspapers of Abbeville
: Louisiana. unless such notice be dis