The Meridional. (Abbeville, La.) 1856-1906, 1899-04-29

HptDFe me, OpOE2o w Cop o
Notary Public duly commissioned ana
qualified as such, in and for the Parish or
Vermilion, State of Louisiana, and IN the
presence of the undersigned competent :
witnesses Personally came and appeared
the persons whose names are hereunto
subscribed, who severally declared, tnas
availing themselves Of the provisions OF
fine laws of the State of Louisiana, for
themselves, their successors and assigns,
they hereby form themselves into q cor
poration as follows:
ARTfCLEI.
The name and title of this corporation.
shall be The Abbeville Hardware and I'M
Element Company, Limited. and the place
chosen for its domicile is declared to be
the Town of Abbeville, in the Parish of
Vermilion, State of Louisiana.
The length of time during which this
Corporation shall exist and continue,
shall be for a period of ninety. nine years
from and after the date of this act.
ARfgCLE II.
The purpose for which this Corporation
is established and the nature OF the busl-
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.
The officer on whom citation may be
served. shall be tie president, and IN case
of his absence or inability to act, citation
| NAV be served on the Secretary-Ireasurer.
ARTICLE III.
The capital stock of this Corporation is
declared to be the sum of Five Thousand
tS5O0O. COY Dollars. divided into n hun
bred shares. of Fifty dollars each, to be
paid in such a manner and at such times
rs the Board of Directors may direct the
said capital stock may be increased IN the
manner required by law to a sum not ex-
ceeding Twenty Thousand Dollars. Ihls
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 IA
its corporate name, and to make and use
chase, mortgage and convey under its
corporate name. property both real and
personal, to borrow money, issue notes
and obligations and to pledge same; to
name and appoint such managers, direct
ors and officers as its interests and conve-
nience may require, and to make and es-
tablish such bylaws for the proper man
agement and regulation of its affairs as
MAY be necessary and proper.
The business and affairs of this Corpora
ton, shall be managed and conducted by
q 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 De by ballot and
shall be held at the dOmicile of the Cor
poration under the supervision of three
stockholders appointed by the Board of
J 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
: i'll office shall hold same until an election
may be held in the manner provided for
| written notice of said election bsing given
!. to each stakeholder at least fifteen days
I previous to said election. The following
named persons have been chosen rs the
Board of Directors to serve until their
q successors shall have been duly elected
: and qualified, viz: Ophelias Bourqne,
r John Abshire, Jr. and James A. Summers.
And of these, Ophelias Bourque shall be
President, John Abshire, Jr.. shall be
Vice-President, and JAS. A. Summers shall
I be Secretary-Treasurer 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-Treasurer.
The Board of Directors shall exercise
and be vested with the usual power OF
7 administration. and make all bylaws and
fill any Inc all vacancies in their number.
7 All checks, notes or other obligations OF
this corporation for the payment of mon,
ey, shall be signed by the President and
countersigned by the Observation-Disclosures
When, from absence or other reason,
the President is unable to act individual
ly, the Vice-President shall sign checks
| notes and obligations, to pay money
Q which shall be countersigned as before by
: the Secretary-Treasurer.
I No certificate of stock shall be valid
unless signed by the President and coun.
: tersigned by the Secretary.Treasurer.
Each share of stock shall be entitled tC
; one vote at all meetings or elections
q Notice of elections. as we'll as all notices
= of stockholders meetings, shall be by
f fifteen days written notice mailed or de-
livered to each stakeholder, but meet
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
I or disposed of. unless the stakeholder de-
= string to make such transfer or sale, shall
, fist protfer such stock to the other stock
holders of said corporation, through it:
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
q Board of Directors OF said corporation,
and the failure within ten days thereafter
! OF any stakeholder to avail himself Of
such privileges of purchasing, the afore.
said stock may be sold and the transfer
thereof be made on the books of the cor.
poration. Three Directors shall consti.
q tute a quorum for the transaction of bust
ness.
: ARTICLE ".
r This charter may be amended, added tc
or changed, or said corporation may be
, dissolved at any general meeting of the
r stockholders called for the purpose after
r ten days previous notice published in one
or more of the newspapers of Abbeville,
Louisiana. ~tunless such notice be dis.