The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1902-06-06
Charter OF tho
Welsh Furniture Co., Lite.
State of Louisiana,

came and appeared A. Il. Bell
\. r. Miller, G. j. Huskey and Philip Gov
,rdaie. all of Calcasieu parish, La, VINO
declared that, availing themselves OF the
provisions of the laws OF TINS s1aIe 10
alive to corporations, ana esPeciahy VI
the provisions of Act No. 81 of the gen.
eral assembly of Louisiana of 1888, they
have covenanted and agreed, and py \
these presents do covenant and agree anu
hind themselves to form and constitute
corporation and body polite In law Ior
the purposes and objects, and under the
stipulations and articles 1oio"ihs'
wit:
The name of this corporation shall De
"Welsh Furniture Company, Amlte1
Its domicile is hereby established IN tne
town of Welsh, parish Of Calcasleu,
state of Louisiana. Under It's corpoia'e
name this corporation shall nave Powei
to contract, sue and be sued, 10 man
and use a corporate seal, to hold, Pur-
chase Improve, ALLEVIATE, convey, sell, DOT
row. pledge, mortgage and hypothecase
under it's corporate name property DOM
| re.I Dersonal and mixed; to name ana
annoint such officers, directors, and man
ayers as the interests of the corporation
NAV require; to make and estebilsh py-
laws, rules and regulations for the prop
err management of it's affairs; and TO
q
that NAV be necessary and proper 10
carry out the objects and purposes OF
its organization. A.,
. This corporation, unless sooner dis
solved in accordance with it's charter,
shall exist and continue for a period OF
twenty five years from and after 'he
! date hereof. 49,
The president, or in his absence the
4 secretary and treasurer, shall be the
3 nroper person upon whom citation OF
other legal process shall be served.
: ARTICLE III.
The objects and purposes for which
this corporation is organized, are deciar
} ed to be to conduct and carry on gener
al retail furniture business, and unoer
takers supplies.
ARTICLE Ill.
The capital stock of this corporation
shall be Five Thousand Dollars, divided
into, and represented by, FIFTY snare
of One Hundred Dollars each, whlc
stock shall be paid for in cash or 1t
equivalent. No stock shall In any cas-
be issued until the consideration there
for has been received by the corpo!atiol
Any stockholder may sell, assign
transfer his stock in this corporation pre
vided thirty da IS prior notice is given tt
other stockholders of such lntentlol
and they shall have the first pr1vllea
of purchasing the said stock or any PSI
thereof. But no transfer shall be val
until the same has been entered on u
books of the company at its ONCE
- Welsh. La, and no transfers OF al
fractional part of a share shall be mad
This corporation shall commence bu'
ness as soon as Three Thousand Dolla
Of the capital stock is subscribed a
~ paid for.
( ARTICLE ".
! The corporate powers of this corpol
I ton shall be vested in and exercised by
3 hoard of three directors, consisting of
i president. yice-president and secrets
and treasurer. Two of the said bos
! shall constitute a quorum for the ira
I action of business, and their declsl'
& and actions shall be valid corporate az
+ No person shall be eligible as direc
or officer of this corporation who is
% stakeholder in this corporation
! The following persons shall con
tute the first board of directors:
! A. E. Bell, of Welsh, La president,
/ r. Miller, of Welsh, La, vice -presid
E* and Philip Coverdale, of Welsh,
. secretary and treasurer. In the abs'
of the president the vice president s
act and preside.
Z This board of directors shall cont
i in office until the first day of April,
T teen Hundred and Three, on which
+ and annually thereafter board OF d
tors shall be elected, or in case the
Z date is a legal holiday, on the next
day following.
i Notice of such election shall be G
E at least ten days previous notice
i newspaper in Welsh, La. In case
Z failure for any reason to hold an
+ ton on the day named, the corp
officers shall hold over until their p
Z are filled by a new election, to be
: vided for by the acting board OF
+ tors. -,
At every meeting of the stockhc
each stocllholder shall be entitled
s. vote for each share of stock regis
in his name, and may vote by proS
I rhe election of directors shall
Z ballot After each election the boa
+ directors shall elect the officers
i company.
+ The board of directors shall hav
s power to fill all vacancies in their
i her. caused by death, resignation o
+ erwise, from among the stockhold
+ the corporation.
+ The board of directors shall haV
+ control of the affairs and proper
/ this corporation and is fully auth
4. to frame such bylaws, rules and 7
tions as are lawful and it may
necessary. f.,
thority to appoint such oficers,
i and employees as it may deem
rs'%% sary, and to fix their salaries