The Meridional. (Abbeville, La.) 1856-1906, 1899-06-03

ldWS VI bAD f.
themselves. their successors and assigns,
they hereby form themselves into y COZ
poration as follows:
ARTICLEI.
The name and title of this corporation,
shall be The Abbeviile Hardware and I'M
Element Company, Limited and the place
for it's domieile is declared to 5e
the Town Of Abbeville, in the Parish OF
Ve1milion. State of Louisiana.
The length of time during when Ilsls
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 Dusl-
mass to he carried ON by it are declared TO
ia !. General Mercantile Business, wholesale
and retail. -
To pnrchase and sell merchandise and
all things appertaining to and pertinent
incident to the above purposes.
The officer on whom citation may De
served. shall be tie president, ana IN case
az his absence or inability to act, citation
may be servedOn the Secretary-IfeaSaFeF.
ARTICLE III.
The capital stock of this Corporation ls
declared to be the sum OF FIVE IhpuSahu
tS5o00 O Dollars. divided into one hun
dred shares of Fifty dollars each, to be
paid in such 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 y sum NOT X
ceeding Twenty Thousand Dollars. This
Corporation shall commence business
when the full amount of said capital STOCK
shall have beer subscribed.
ARTICLE ".
This Corporation shall have power and
authority to contract, sue and be sued IN
its corporate name, and to make and use
q corporate seal; to hold, receive, pnr-
chase, mortgage and convey under Its
corporate name. property both real ana
| personal. to borrow II issue nobes
and obligations and to pledge same; 10
| name and appoint such managers, direct
Ors and officers as its interests ana conVe-
nience may require, and to make and eS
tablish such bylaws for the proper man
agement and regulation of5Its AFFAIRS as
may be necessary and proper,
The lmsiness and atfairsof this Corpora
| ton, shsll be managed and conducted by.
a Board of Directors to he composed OF
annmally.on the first Thnrsdaysin J anuary
Of each year, to begin with the year 1900.
Said election shall be.sby ballot aud
shall be held at the domnlle OF the Cor
poratiOn under the supervision OF three
Stockholders appointed by the Board or
! Directors . tile SG0cE-nOIttGfS ISCcl Ing tHO
majority of the. votes east. to be declared
elected. The failure to hold an election
on said date specified, shall not dissolve
4 this corporation, but the Directors then
in office shall hold same until an election
may be held i'll the manner provided LOT ;
written notice of said election bhing given
to each stakeholder at least fifteen days
previous to said election. The following
named persons have been chosen rs the
Board of Directors to serve until, their
successors shall have been duly elected
and qualified. viz: Gphellass Bonrqne,
And of these. Ophelias Bourqne shall be
President, John Abslire, JE.. shall be
| Vice-President. and JAS. A. Summers shall
be Secretary-Treasnrer and shall perform
the duties of both Secretary Treasurer.
At the first MISUNDERSTANDING each cleo
! ton. the Board of Directors then elected,
] shall elect one of their number to be
l. president, one. to be VIce-Presldent aud
Lone to be Secretary-Treasurer.
The Board of Directors shall exercise
and be vested with the usual power OF
! administration. and make all bylaws and
fill any and all ~yAcancle IN their number;
FAli checks, notes or other obligations oil
this corporation for the payment of mon,
4 ey, shall be signed by the President and
I countersigned blythe OBSERVATION-DISCLOSURES
When, from absence or other reason.
the President is unable to act individual
~ w. JuR v fG6-T T6SIutub Shdlls SISh@ CHOchS,
notes and obligations, to pay money,
which shall be countersigned as before by
n the Secretary-Treasurer.
No certificate of stock shall be valid
unless signed by the President and coun-
! tersigned by the Secretary-Treasurer.
J, Each share of stock shall be entitled tC
n one vote at all meetings or elections,
{ Notice of elections. as we'll as all notices
= of Stockholders meetings, shall be by
{ fifteen days written notice mailed or ae'
| liYered to each stakeholder, but meet
ings may be held at any time by unanl
- I30uSe consent.
! No share of the capital stock of this
+ corporation shall he transferred or sole
: OF disposed of. unless the stakeholder de
4 string to make such transfer OF sale, shall
/ fist proffer such stock to the other stock
: holders of said corporation, through 1T
: Board of Directors. at the lowest prlc'
h mel stakeholder may be willing to TAX
s therefor, and only on such notification
having been served in writing I'll TIL,
e Board of Directors of said corporation
and the failure withinfen days tlereafte
+ of any stakeholder to avail himself o
8 such privileges of purchasing. the afore
r said stock may be sold and the transfe
i thereof be made on the books of the cor
s poration. Three Directors shall consti
q tute a quorum for the transactionof busl
Q ness. prrct
This charter may be amended, added t
# or changed. or said corporation may b
y dissolved at any general meeting of th
9 stockholders called for the purpose afte
v ten days previous notice published in on
cor more o. the newspapers of Abbeville
Louisiana. unless such notice be dl,
l. pensed with by unanimous consent of a.
e the stockholders) with the assent of two
( thirds of the stock represented ut sue
10 NEE ings and at the expiration or disst
luton of this charter. the business an
q affairs of the said corporation, shall b
liquidated by three commissioners az
le pointed for the purpose by the stockbold
d ers. These commissioners shall be veste
. with full title to all the corporate asset
IL anl nrnnnrtu of said cnrnnra tim with fir