The Natchitoches enterprise., 1899-04-06
CHARTER.
STATE OF LOUISIANA; |
Parish of NatchitOChes. I

On his the 4fn day OF AprIis lo5S. Dc
fore me the undersigned Notary Public
duly qualified and commissioned IN anC
for the Parish of N~atchitoches, State Of
Louisiana, personally appeared Samue
Nielsen, Simon Abrams and Joseph haf-
liz, no seVera.ly and collectively de-
clared. that aYailing themselves of Ac
No. 36 OF The General Assembly OF thu
State of Louisiana, for the year 1888,
they do hereby form ard organize them
selves into a limited corporation for the
purpose OF doing a Wholesale and re-
tail general merchantIIe business IN the
City of NatchiGOches, La. including the
purchase and sale of all kinds of dry
goods, groceries, notions. o AND
general merchandise. hard ware. live
stock, farming implement. etc., ETC.. for
the term of twenty years, (2O) dating
from the 4th day of April. 1899.
ARTICLE |.
The title of this corporation shall be
/" The Nelken Mercantile Company, Linn
tied Its domicile at Na%tchltocheS, La,
Under its corporate name shall haVe the
power 10 contract, sue and be sued; to
acquire property, zeal personal and
miXeI. 10 pledge: mortgage. hyp)th-
ecate or sell the ann 10 employ vi
discharge clerks, and other persons ne
cessary to the conduct of its business,
and to do and perform all actions cs-
sentIal to the management of its busi-
a 50, no ilconS.strnt with the law, Ser
vice Of all legal process shall be served
upon the president, or In his absence
upon tue Vice-presiient.
ARTICLE ii.
The capital stock OF the said corpora
ton shall be Twenty Thousand 10000
10Y dollars. divided into Two Hundred
shares Of One Hundred Dollars each,
which shall be UaId for In cash or mer-
chandise at the time of subscription Its
business shall begin when Five ThouS-
and dollars capital stock shall lave been
subscribed and paid for in cash or mer-
chandiSe. No. stakeholder shall sell,
assign OF transfer hrs stock without first
rendering the same for ten days to the
Otner stockholders for sale, and In event
OF refusal and failure to purchase, such
stock may be sold In open market or
otherwise, but not for Il less price than
that rendered by the stockholders or any
one OF them. No transfer of stock shall
be made except such transfer be entered
upon the books of the corporation ut its
office in the city of NatcnitOches, La,
and on the surrender of the certificate
therefor. No transfer OF u fractional
part of Il share shall be made. Any
s~tockholder may pledge or pawn his in
diYiuual stock.
ARTICLE HI.
The corporate powers of this corpo-
ration shall be vested in a Board of d.
reetOrs. to be composed OF three stock
holders. two of whom shall constitute a
quorum. Said Board shalt be elected
ann tally, on the first Monday in Janu-
airy, beginning in the year 1909. The
FIRST Board Of Directors hereunder rs de-
clared to be, Samuel Nelken, SunOn
Abrams and Joseph kalfie; and the first
officers Of this corporation are declared
to be, Simon Abrams, president; Joseph
Katie, vice president; Samuel Nelken,
secretary and treasurer3 which Board
of officers shall serve until the first Mon
day in January, 1900. or until their sue
cessOrs are duly elected thereafter. The
Board Of Directors shall De elected by
the Stockholders, each stakeholder shall
be entitled TO one vote for each share Of
stock registered In his name, AMI he
may vote In person or. by proxy. The
election of Directors shall be by ballot,
and a majority of votes cast snail eject
the person for whom TREY are cast.
Notice Of election shaIl be gwen each
stakeholder in wiring by the secretary,
at least ten days prior to such election.
Any failure from any cause whatever to
elect Directors on tue day named for
that purpose, shall not dissolve the COR
poraliOn; but the Directors and officers
of the CORPORATION then in Office shall
hold oVer until their successors are
chosen. In such event the president
shall order another election. to be held
in thirty days, and notice thereof shall
be given as heretofore provided. After
such election the Directors shall elect
from their own number the officers of
the corporation; provided the stock
holders in electing such Directors fail
to designate the particular office for
which such Director may be elected.
No DersOD other than a stakeholder IL
eligible as a Director or officer.
ARTICLE ~.
The certificate of stock when issued
shall be signed by the president and
All checks. drafts. notes or
other obligations for the payment of
money, SHALL be signed by the treasure
or in event Of his inability. by reason O
Illness, then By the president OF the cor
DOFation.
ARTICLE v.
The president shall call a meeting of
stockholders, when requested to do so
in writing, by one or more of the stock
holders. Ten days notice shall be given
to each stakeholder, in writing for such
meeting. At all such meetings the ma
iority vote of the stockholders, repre-
;ented in person or by proxy, shall de-
eide and determine the actions of the
Board OF Directors.
ARTICLE VI.
This charter may be changed, mOdi4
led, amended OF annulled, or this cor
NAV be dissolved at a general
meeting of the stockholders. convened
or that purpose, with the assent of the
majority of the entire capital stock,
whether the stakeholder be present in
person or represented by proxy. Ten
lays notice shall be given of said meet
NJ as provided here inabove.
ARTICLE VII.
In case of dissolution or termination
If this corporation by Limitation or for
;ause, the liquidation of its affairs shall
De conducted by three commissioners,
from the stockholders, with
ike assent as set forth in Article vi,
md at a called meeting for that pur-
pose, the like notice is required as set