The Meridional. (Abbeville, La.) 1856-1906, 1899-06-24
CHARTER.
STATE OF LOUISIANA, j,

STATE OF LOUISIANA,
Parish of Vermilion.
BEit known, that on this. the 18th day
of "A bril- Ammo Domini, n thOuSande eight
hundred and ninety-nine:
Before me. George West Summers a
Notary Public duly commissioned and
qualified as such, in and for the Parish OF
Vermilion, State GfIOuisiana, and IN the
presence of the undersigned competent
witnesses Personally came and appeared
the persons whose names are hereunto
subscribed VINO soverally declared thaf
awaiting themselves Of the provisions OF
the laws of the State of Louisiana, for
themselves, their successors and assigns,
they hereby form themselves into q cor
poration as follows:
ARTICLEL
The name and title of this Corporation,
shall be The Abbeville Hardware and I'M
plement Company, Limited, and the place
chosensfor its domiciie is declared to be
the Town of Abbeville, in the Parish of
Vermiiion, Statetof 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.
ARTICLE 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 Meycaatsle Business, wholesale
and retail.
To purchase and sell merchandise and
all things appertaining to and pertinent
or incident to the above purposes.
The ofic Ger on whom citation may be
served, shall be tie president, and in case
of his absence or inability to act. citation
may deserved on the Secretary-TTeasurer.
ARTICLE III.
The capital stock of this Corporation is'
declared to be the sum Of Five Thousand
$4,000. O0) Dollars, divided into one hun =
bred shares of Fifty dollars each, to be
paid in such a manner and at such times
as the Board of Directors may direct ; the
said o-pital stock may he increased In the
manner required by law to q sum not ex-
ceeding Twenty Thousand Dollars. This
Corporation shall commence business
when the full amount of said capital stock
shall have been subscribed.
ARTICLE ".
This Corporation shall have power and
authority to contract, sue and be sued IN
its corporate name. and to make n use
Ia corporate seal; to hold, receive. pur-
chase, mortgage and convey under it's
corporate name. property both real and
personal, to borrow money, issue notes
VIII Ou1fStSufO9ho ULto ~ PDOSk5S 1@AASg w
name and appoint such managers, direct
ors and officers as its interests and conve-
nienee MAY require, and to make and es-
I;ta6lish such bylaws fer the proper a
agement and reguiatiOn of its affairs as
may be necessary and.proper.
The business and affairs of this Corpora
ton, shall be managed and conducted 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 1883.
Said election shall be by ballot and
shall be held at the domicile of the Cor
poratian under the supervision of three
stockholders appointed by the Beard of
Directors; the stockholders receiving Che
majority of the votes East, to be declared
elected. The failure to hold an election
on said date specified, shall not dissolve
this corporation, fbnt the Directors then
in Office shall hold anne until an election
may be held in the manner provided for /;
written notice of s;id election being 81 ven
to each stakeholder at least fifteen days
previous 10 said election. The following
named persons have been chosen as the
! Board of Directors to serve until their
successors shall have been duly elected
John Abshire, Jr. and James A. Summers.
And of these, Ophelias BeuEaue shall he
president. John Abshire, Jr., shall be
EVice-President, and JAS. A. Summers shall
DC Secretary-IEeaSnrer II shall perform
the duties of both Secretary Treasurer.
At the first meeting following each elee-
tion. the Board of Directors then elected.
shall elect one Of their number to be
President, one to be Wlce-PreSldent and
one to be Secretary-Treasnrer
The Board of Directors shall exercise
and be vested with the usual power of
administration. and make all bylaws and
fill any and all vacancies i'll their number.
/ All nhneKS OntaS mr. FnfhpT nhtlDo1InYrz Nf
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,
she President is unable to act individual
lily, the Vice-Presldent shall sign checks,
notes and obligations, to pay money,
which shall be countersigned as before by
the Secretary Treasurer.
Nc certificate of stock shall be valid
unless signed by the President and coun-
tersigned by the SecretaTy-Treasurer.
Each share of stock shall be entitled to
one vote at all meetings or elections.
Notice of 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 OF sold
or disposed of. unless the stakeholder de-
string to make such transfer or sale, shall
INST proffer such stock to the other stock
holders of said corporation. through it's
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 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 OH the books of the cor
poration. Three Directors shall eonsti-
tute aiquorum for the transaction of bust
Hess.
ARTICLE v.
This charter RAY be amended. added to