The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1902-01-09
Charter Of the
RENTON MERCANTILE CUM
PANY, LIMITED.

PANY, LIMITED.
State of Louisiana-Parish OF Bossler.
De II known. that on this the sixteenth
d dav of December, A. D., nineteen
hundred and one $500, before me,
Beverly A. Kelly, Clerk and ex-officlo !
Recorder and Notary Public in and Tor
the Parish of Bossier, State OF Louisiana,
dulv commissioned and qualified, person.
ally appeared the undersigned parties, all
residents of the Parish of Bossier, La,
who declared severally that they. DO
hereby form and organize themselves,
their associates and successors into
corporation for the purpose OF dong
General Mercantile Business, wholesale
or retail, in the town OF Benton, SAID
Parish and State, including the purchase
of all kinds of dry goods, shoes, hats,
clothing, furnishing goods, furniture,
groceries, grain, hay, hardware, ana an
kinds Of plantation supplies ana an otnel
articles generally bought and sold IN such |
establishments, and to purchase such |
articles. either in bulk or detail from
other mercantile concerns, including
purchase of stock and assets OF such
other establishments, or the purchase In
the usual course of trade of such goods
! and property, and the resale OF such
| purchases into cash or its equivalent;
also to buy, barter and sell cotton, cotton
! seed. corn. and other farm products, &C.,
for the term of twenty-five years from
the date of this act, under the following
articles, to-wit:
ARTICLE I.
The name and style of CHS corporation
shall be the ssBENTON MERCANTILE
COMPANY, LIMITED" and its dom
icile in Benton, Louisiana, and under
it's corporate name it shall have power
to contract, sue and be sued; to acquire
property, real, personal and mixed, and
to pledge, mortgage, hypothecate or sell
the same; to employ and discharge clerks,
laborers or other persons necessary to
the conduct of it's business, and to do and
nerform all acts essential to the manage
ment of its affairs not inconsistent with
law, Service of all legal processes shall
be had on the President, or in his alb
sence, on the Vice President.
ARTICE II.
The capital stock of said Company
; shall be twenty-five thousand dollars
: (S25, O0O), divided into two hundred and
|. fifty shares of one hundred dollars (S1OO)
: each, which shall be paid for In cash OF
. it's equivalent in property at the time OF
8 substitution, Its business shall begin
n when twenty thousand CSC, 00O) capital
= stock shall have been subscribed and paid
d for in cash or it's equivalent. No stock
|. holder shall sell, assign or transfer his
stock without first rendering the same
for thirty days to the other stockholders
;, for sale. and in event Of the refusal t.
purchase, such stock may be sold in oper
+. ma1ket, but not for less than price ten
D dered by the stockholders, or any one o
them. No transfer of stock shall be made
r. except such transfer be entered on tn
h books OF the Company, at its offce IN TIT
Ie town of Benton, La, and on the surren
at der of the certificates therefor. No trans
a, fer of fractional part Of share sha
le be made.
w ARTICLE III.
,e The corporate powers of this corpora
al ton shall be vested in Board of Direc
lv tors to be composed Of three stockholders
,g two shall constitute quorum, Whic
ct Board shall be elected annually on tn
id first Monday in January of each yea
he beginning in the year 1902. The fr:
n Board is hereby declared to be Robert
n. Wyche, Thomas w. w. Stinson an
ali Walter E. Ivey, and the first officers
this corporation are declared to be Kobe
Il f. Wyche, President; T. W. w. Stinso1
Vice President; and w. E. Ivey, Secr'
. tary and Treasurer; which Board al
Q officers shall serve until the first Monds
. of January, 1903, or until their succe
! sors are duly elected thereafter.
l In election of Board of Directors, al
4 in all voting. each shall be entitled
o one vote for each share of stock registe
! ed in his name, and he may vote in pers'
4 or by proxy. Notice Of all meetings
D stockholders shall be in writing by t
9TH Secretary ten days prior to the n;aetin
Inv Anv failure to elect Directors on tie d
r. named shall not dissolve the corporate
uly but the Directors and officers then
Office shall hold over until their succe
sors are chosen. In such event the Pre-
ident shall order an election to be N
IR, thirty DAYS after due notice given
ers. above: provided, after each election
Directors shall elect from their numt
Ter. the officers of the corporation. No p'
son other than stakeholder is eligi
as director or officer.
ARTICLE w.
r, The certificate of stock in this Co
7 PAW shall be signed by the Presid
~ and Secretary. All checks, drafts, no
oW. or other obligations shall be signed
e OF the President or in his absence or lnat
up. ity, by the Vice President, and in
ROOT absence or inability of the President
the Vice President, by the Treasurer.
)ru- ART1cIEy.
NO. The President shall call meeting
vest the stockholders to consider any ma
rth, pertaining to the business when ca
on in writing by one or more OF
S to stockholders: ten days' notice of s.
and ,noetinos shah he given in writing by
M. Secretsrv and the stockholders in
. "A. meetings may direct and determine
action If the Board of Directors,