St. Landry clarion. (Opelousas, La.) 1890-1921, 1901-11-30
CHARTER
of the
St. LANDRY WHOLESALE
MERCANTILE CO., LIMITED.
CHARTER
STATE OF LOUISIANA,
Parish of st, Landr,

TIE TT KNOWN, that on this 5th day
ID of November, in the year of our
Lord. Nineteen Hundred and One, be-
! fore me, J. w. Lewis, Notary Public, in
and for the Parish OF st. Landry, State
of Louisiana, duly commissioned and
| qualified, and in presence of the wit
nesses hereinafter named and under
| signed, personally came and appeared
the persons whoseInames are herein-
after subscribed, all Of lawful age, who
severalIy declare that ayailing them
selves of the provisions OF an Act OF the
Legislature of this State, known MS Act
No. SO of the sessioa of 1888, as well as
those of the general laws of the State,
relative to the organization of corpora
tions, they have formed and organized,
and by these presents do form and or
ganize themselves into a corporation for
The objects and purposes and under the
stipulations and agreements hereinafter
set forth, which they adopt as their
charter. to-wit:
ARTICLE I.
The name and style of this corpora
,, ton shall be ST. LANDRY WHOLE
SALE MERCANTILE CO., LIMITED.
, It shall have it's domicile in the town of
Opelousas, Parish of st. Landry, Louisi-
ana, shall have continuance and success,
sion under its corporate name and style
years, unless sooner dissolved by the ac-
| ton Of it's stockholders owning a major
ity of the capital stock.
ARTICLE II.
The objects and purposes.for which
| this corporation is established and. the
nature of the business intended 20 he
conducted and carried on by it are here
| by declared to be to conduct and trans
act IN the town of Opelousas, Parish of
st. Landry, Louisiana, general whole
sale merchandise business, to buy and
sell merchandise and articles of trade of
every description, and to deal i'll agri-
| cultural products and implements in
connection with such business, to buy
| and sell hides, wool, wax, rice, moss, etc.,
| to make advances to merchants, and
generally to make contracts in any way
requisite in Or incidental to such mer-
camille business. And further, to ac-
| quire, lease, mortgage and sell real es-
| fate, and in the acquisition, alienation or
| encum brance of such real estate, to
make all such contracts as may be me-
cessary or expedient in the transaction
of any branch of its business.
ARTICLE III.
The capital stock of this corporation
/ is hereby declared to be the sum of Ten
| Thousand Dollars, to be divided into or
represented by Two Hundred shares of
/ the sum of Fifty Dollars each, which
/ said shares shall be paid for in saeh
manner and on such terms as may be
prescribed by the Board of Directors; !;
provided, however, that this corporation
! may organize and commence business
after not less than Ten Thousand Dol
lars in shares of said capital stock shall
have been bona fide subscribed for.
Transfers Of stock shall only be made
on the books of the company, by astock-
| n IN, hyrfa hIlt "a
shall be sold by any stakeholder unless
/ the said stock shall have first been off
cred for sale to the other stockholders
at the same price offered to others,
/ through written notice served on the
President of the company, and only the
failure or neglect of the other stock
| holders to avail themselves, within ten
days, of such right of purchase, shall
such stock become transferable.
No certificates shall be issued except
for fully paid up stock.
ARTICLE ".
The business of this corporation shall
| be managed by and all it's corporate
/ powers shall be vested in a Board of Di-
rectors, composed of not more than four
stock holders to be elected annually on
the first Tuesday in November OF each
year.,
! At the first meeting in each year said
Board shall elect one OF their members
as President, another as Vice. President,
another as Secretary, and may elect an
Assistant Secretary; however, all oiii-
4 Board.
The four stockholders, original organ
iZers of this corporation, shall each be
an officer of said corporation.
The Board of Directors shall have the
power to appoint a Treasurer, who need
not be director or stockhoider, who
shall give good, solvent bond, subject
to approval by said Board of Directors; !;
and to further appoint all necessary
agents, clerks and employees and to tix
/ their compensation.
None of the officers of this corporation
shall receive compensation for his or
their services.
At all election ofdirectors. the persons
receiving the votes Of the majority in
pany shall be declared elected, and at
all meetings CT the Board OF Directors
/ the action or decision of the directors
holding majority in amount OF capital
stock of the company shall prevail,
which shall also constitute q quorum,
but In case of the absence OF any di-
rector he shall have power to authorize
/ any third party to act in his stead, vote
/ on all questions and sign all drafts or
acts necessary, the same as were he per-
sonaliy present.
| Said Board of Directors shall have au-
/ thority to fill all vacancies occurring in
their number, or in their officers ~
i death or resignation, and shall have full
/ power to make and establish, as well as
! change anG alter at pleasure all such
bylaws, rules and regulations, for the
/ support and management of the affairs
I of said corporation as they may deem
necessary to borrow money, buy and
! sell real estate when necessary in busi-
i ness. and sell the same, execute mort
4 cages, make contracts, and do ali things
necessary In the tpansastign Qf the bAsi-
/ ness of the corporation, as also to issue
and deliver full paid shares of the stock
4 and bonds and obligations OF said cor
poration at not less than par for cash
money received or Its equivalent,
4 All checks, drafts and notes and eerti-
ffcates of stock shall be signed by each
officer of said Board of Directors.
i All elections for directors shall be held
at the office of the corporation on the
first Tuesday of November of each year
as aforesaid, under the supervision OF
two commissioners, of which election
ten days prior notice shall be given in
writing BY the Secretary to each stock
holder. 4 failure from any cause t.
hold an election fop stiReeE Eaygln the aaEe
above specified shaii not aissGlXe 7, saiel
CORPORATION but those IN office shall hold
over until their successors shall have
been elected, and another election shall
be called or held within ten days prior
notice in writing, by mail, from the
Secretary of said corporation.
The charter may be amended, altered
, or changed, or said corporation ! ay be
: dissolved, ut any general meeting OF the
stockholders; eonvenea afteg fifteen