The Meridional. (Abbeville, La.) 1856-1906, 1899-05-13

49, u - Ah't'F
E3tudred and ninety-nIne:
Before me. George west. summers =
otarv Public duly commissioner anu
: iaiified as sncl, III ani LOT eie M : =, the
rrsence of the undersigned competeht
Illnesses Personally came and appeared
-ti,a persons whose names are hefeunIo
described. who scveralfy declared, tAdt
,aIlipg themselves of the PROVISIONS OF
ne laws of the State of LOUISIANA. Tor
themselves, their successors anu assigns
they hereby form themselves into a cor
l~oration as follows:
ARTICLEI.
The name and title of this corporation
F4ltaii be The Abbeyille Hardware ana I'M
Element Company. Limited n the place
4,i,osen for its domicile Is declared % oe
Il ne Town of Abbeville. in the PARISH OF
Errmilion. State of Louisiana.
The length of time during which TINS
x corporation shall exist and continue
stall be for a period Of ninety nine years
from and after the date OF this act.
ARTICLE II.
,The purpose for which tlris Corporation
* established and the nature OF the bIsi-
.ntass to be carried on by it are declared TO
ri,r "a General MercdnHte BUSINESS, WHoieSaio
10 nurchase and sell merchandise and
Mi things appertaining to and pertinent
ar incident to the above purposes.
The officer on WHOM clGattUH may w
served. shall be tie president, and in case
s,f his absence or inability to act, CITATION
may be served on the Secretary-Treas1rer
A%RT1CLEIII.
The capital stock of this Corporation is
,tiarlared to be the sum Of Five Thousand
ii $4,000 G0l Dollars. ivide into one nun
dred shares of Fifty dollars each, 70 be
pIid in such a manner and at slch TIMES
~ the Board of Directors may direct the
@ .L:l onxital stock NAV he increased Ill the
.anner required by law to y sum nor eX-
1.stding Twenty Thousand Dollars. ms
4 arporation shall commence business
when the full amount of said capital STOCK
.silaIl have been subscribed.
ARTICLEIv.
This Corporation shall nave power and
authority to contract, sue and De shed III
j.s corporate name. and TO make ana use
:, eorporate seal: to hold, receive. plr-
usllase. mortgage and convey under lis
corporate name. property both real ana
personal, to borrow money; Issue notes
~ I'd obligations and to pledge same; 10
name and appoint such managers, direct
..irs aud officers as its interests and conVe-
pirnce NAV require, and to make and es-
tablish such bylaws for the proper man
:sgement and regulation OF It's affalrS as
l.lav be necessary and proper
The business aud affairs OF this Corpora
lion, shall be managed and conducted by
4, Board of Directors to lie composed 81
three stockholders, who shall be elected
annually on the first Thursday ihJallmapy
~ each year, to begin with the year 1900.
Said election shall be by ballot and
#i,all be held at the domicile of the Cor
,,orati0n under the supervision OIL three
stockholders appointed by the Board ol
directors /: the stock holders receiving ht
enali0rity of the votes east. 70 he declhreA
elected. The failure to hold an e!ectiof
.ail said date specified, shall not alssniVt
tits corporation, but the Directors thel
i'll office shall hold same until an! election
may be held in the manner provided Tor
writtea notice of said election being glVel
10 each stakeholder at least fifteen day
1,reyious to said election. The followlni
JiaIned persons have been CHOSEN as tn
board of Directors to serve until, thel
SUCCESSORS shall have been duly elected
and qualified, viz: Ophelias B0urqne
.sIIhn Abshire, il. and James A. summers
And of these. Ophelias Bourque shall +
President, John Abshire, Jr.. shal b.
Vice President, and Jas. A. Summers shal
l,c Secretary-Treasurer ahd shall perform
the duties Of both Secretary. Treasurer.
At the first meeting following each cleo
aion. the Board of Directors then eiecte,d
shall elect one Of their number to b
President, one to be Wee President an,
4one to be Secretary-Treasurer.
The Board of Directors shall ezercls
and be vested with the usual power 9
administration. and make all bylaws an
Sill any and all vacancies in their number
MI checks, notes or ether Obligations {
this corporation for the payment of mol
ev, shall be signed by the President an
-countersigned by the Secretary Treasure
When. from absence or other reason
the President is unable to act indlvIdua
a., the Vice-President shall sign check
fotes and obligations. to pay none,
which shall be countersigned as before .
the Secretary Treasurer. !,
No certificate of stock shall be vail
unless signed by the President and coui
tersigned by the OBSERVATION-DISCLOSURES.
Each share of stock shall be entitled
one vote at all meetings or election
Notice of elections, as W ell as all notle'
of stock holders meetings, shall be y
fifteen days written notice mailed or q
livered to each stakeholder, but NEE
ings may be held at any time oy uhan
lnous consent.
No share of the capital stock OF tn
corporation Shall be transferred or SO
or disposed of. unless the stakeholder q
string to make such transfer or sale, sha
lust protfer such stock to the other stoc
holders of said corporation, through !
Board of Directors, ut the lowest PR
such stakeholder may be willing to ia
therefor, and only on such noti1catl'
having been served In writing OH Z
Board Of Directors of said corporatio
and the failure within ten days thereaft
Of any stakeholder to avail himself
such privileges Of purchasing, the afol
said stock may be sold and the transt
thereof be made on the books OF the c.
poration. Three Directors shall cons
lutte a quorum for the transaction OF Du
ness.
This charter may be amended, added
or changed, or said corporation may
dissolved at any general meeting OF {
stockholders called for the purpose AFT
ten days previous notice published in Q
or more q. the newspapers of Abbeyll