The Caucasian. (Shreveport, La.) 1900-192?, 1901-01-30
CHARTER
OF the Britt Grocery Company,
Limited.

State OF Louisiana, Parish of Caddo Re
II known that this day before me, Thomas
Charles Barret. Notary ubiic In and fOl
| the said parish and Stale, duly q Ialifad
commissioned and sworn, and in the pres
ence of the witnesses bereinaiter named
personally came and appeared Walter Y
| Britt, Marion Z. Currie and William 7
Britt, all OF Caddo parish, Louisiana, wh'
declared that availing themselves OF The
provisions Of Act No 80 OF the Genera
Assembly OF The State of LouIulans, sp-
1 PROVED Ju 10Th, 1888, as well as those o.
| the general laws of the State relative &c
the Organization Of corporations, they
have formed and do by tbs sc presents form
| and organize themselves and such Othel
rs nay hereafter, be joined with them, into
| a corporation for the object and purposes
and und9r the stipulatI 5ns hereinafter eel
forth. which they do hereby accept as their
charter, to-wit
ARTICLE L.
The name and title OF said corporation
shall b. the BRITT GROCERY COMPA-
NY, LIMITED, and by that nam it shall
! enjoy succession for the term OF ninety =
nine years ir IN and after the date hereof
ARTICLE IL.
The Comicile OF said corporation shall te
in the City of Shreye OFT, in the PARISH { 4
Caddo, State OF LOuisians, and all cite =
tions and legal process shall be served on
the President of said corporation, and in
case OF his absence upon the Vice Presi-
dent, and in case of the absence OF both
upon the =cretary-Treasurer or an en-
ploye Ut the o rec Of said corp OratiOn,
ARTICLE Ill.
HFhis corporation shall hSyo power and
authority TO contract, sue and be sued in
Its corporate name; to make, adopt and
use corporate sea, and same to break
and later at pleasure; 10 hold, receive,
acquire, purchase, Jesse ana convey and
self, as well as mortgage, pie ge and
DypothecAe Under Its aforesaid name
property. both real and personal; 10 name
ana appoint such managers, directors.
OF GERS, clerks and agents as it's interest
purposes and conVsnlences may qlire
10 make and establish such by-la vs., rules
and regulations for the conduct and mar
agements of the affairs OF the corporation
as may be Necessary and proper, and the
same to alter AID change at pleasure; to
borrow and lend money. on real est ate or
other security. and generally to. do and
perform all such acts aud things as NAV
be necessary, desirable and proper Tor
carrying out the purposes and Objscts for
which this corporation is created; and
said corporation shall possess all The
eO 10 corporations under the laws or that
may hereafter be accorded thsm by law.
ARTICLE ".
The object OF this corporation and the
purposes for which it is created and g.
tablisbed, and tue ma urs OF the bu mess
to be carried on by II, l. hereby dectarsi O
De as follows: To conduct and carry on a
retail grocery and liquor busluts[ aud
generally to do all other such things as
are pertinent TO, or connected with the
objects OF this co pc alton.
ARTICLE v.
The capital stock OF this corporation Is
hereby liked at Six Thous .nT Dollars
(S60UO.0O), to be divided into sixty (GOl
shares OF the par value % Oae Hundred
Dollars ($100 .00l each, and the company is
authorized to begin business when forty
(40) shares are subscribed for ard heir par
value paid into the treasury of the con-
pany in cash or its equivalent when SAT-
seriDed for, or the stock may be issued at
not less than its par value for property
purchased. and the said capital stock NAV
be increased to Twenty We thousand
Dollars S15 OO0) ia the manner provided by
the laws of the State as set forth in Act
No. 1s9 OF the cts OF the General ASSEM-
bly, OF the state OF Louisiana passed la
1873, or as the same may be hereafter
amended.
ARTICLE vi.
All corporate powers OF said corporation
shall be vested ia board of dIrec ors. 10
De composed OF the stockholders, wn ca
board shall be elected annually OH the irsL
Tuesday in January Of each year, be in.
mag the first tuesday in j anuary, 1902;
two ~ OF Wtom sha constitute q quorum,
unless the board be increased to seven.
then four shall constitute q Guotum,
The first hoard ia deelarad RI he
Walter X. BRITT, Marion Z. Currie and
William +. Britt with Walter K. BrILt.
president, Marion z. Currie :, ice-president
and William f. Britt, secretary treas urer:
the said board to serve until the irst Tues
day in january, 1902 or until their sue
cessors are duly elected thereaftt r, pre-
vtded that the board OF directors NAV be
increased to seven by vote OF the stock
holders alter due notice.
The directors shall be elected bv the
stockholders, and each share of stock
shall be emitted 10 one % vote, to be caOt
by its owner In person .r proxy, and q
m shortly Of votes cast shall elect
The board OF dlI ectors may MAKE all such
Dy-lAWs and regulations tor The m maze
meut Of the business as they NAV deem
necessary, and amend aud alter same;
they shall have power to contract deb S.
borrow money, Issue bills of exchange
notes, aceeptances, execute mortgages and
generally do all things Incident to the OBJ. !
ects and purposes of The said corporation.
and shall designate the powers Of the dif-
Iefent officers rot otherwise provided
herein.
ARTICLE VII
This charter may be modified, cha ged |
DR. altered, or said corporation dissolved,
With the consent of two-thirds OBJ In
amount OF the capital stock, represented |
1t any general met ting OF The stockhol ders |
for that purpose, after ten (IOl /
lays previous notice OF said meeting snail |
lave been published in one OF the daily |
newspapers of the city OF Shreveport.
" heneVer this corporation is dissolved /
)y limitation or from any other cause, it's
Ihalrs shall by liquldated by Two on com. |
nIssioners, elected by the ockholders,
Who shall have full pc yer TO wind m Its
hairs, dispose of Its assets, settle its /
liabilities and distribute the proceeds !
Im0ng the stockholders,
ARTICLE Will,
No stakeholder shall ever be liable for
he contracts or f. ults OF said corporation
q any further sum than thu unpaid ba-
ance due the company on shares of stock |
oWnId by him.
No snare OI stock shall be transferred.
old or disposed OF without the sIockhold-
rs first giving thirty (30) uavs potics I'm
Vrltlng to the other stock aoIders and al.
wing them the privilege of first purchas-
ng such STOCK at its actual value.
All sales or transfers of stock to he valid
lust first be made on the books of the
ompany.
Done and passed in nv offica IN tho