The Lafayette gazette. [volume] (Lafayette, La.) 1893-1921, 1903-10-24
CHARTER
OF THE
DECENTRALIZATION Company, Limited.
State of Louisiana, }
Parish of Lafa yette. !

Parish of Lafa yette.
Be it known that on this thirtieth day of
June in the year of our Lord One Thousand
Nine Hundred and three, before me G. r.
Latiolais notary public IN and for said
Parish and State personally came and aP-
peared the persons whose names are here
unto subscribed all of full age who declared
that availing themselves of the provisions of
the laws of this state relative to corporations
and especially of Act No. 60 of 1883 of the
General Assembly of Louisiana they have
covenanted and agreed and by these pres
ents covenant and agree and bind them
selves we'll as such other persons as may
hereafter become associated with them to
form and constitute a corporation and body
polite in law, for the purposes and objects
and under the stipulations, articles and con-
ditiors f. lowing to-wit.
ARTICLE I.
The name and title of the said corpora
ton shall he the Brown Melchior Company
Limited, and its domicile is hereby esta-
bl,shed in the town of Carencro, Parish of
Lafayette, State of louisiana. and under its
said corporate name said corporation shall
have power and authority to contract, sue
and be sued; 70 make and use corporate
seal, and the same to break and alter at
improve, ALLEVIATE, convey, sell, borrow.
pledge, mortgage and hypothecate under its
said corporate name property, real, personal
and mixed; to name and appoint such Off
ployees, the interest or convenience of
said corporation may require; to make and
establish by laws rules and regulations for
the proper management and regulation of
it's affairs as may be deemed necessary and
proper, and the same to change and alter at
pleasure, and to- do all other acts and things
permitted by law, Or as shall or may be ne
Sessary and proper to carry out the objects
and purposes Of said corporation.
Said corporation unless s,oner dissolved
accordance with its CHI after hall exist and
continue for the period of ten years from
and after the date hereof. The president,
or in his absence the vicc-prssitieEt shall be
the proper person upon whom citation or
other legal process shall be served.
ARTICLE II.
The objects and purposes for which this
corporation is organized and the nature of
the business L" be carried on by it are de-
clared to lie the following, tow,t: General
Merchandising.
ARTICLE III.
The capital stock of said corporation
shall be Seven Thousand Five Hundred
Dollars, divided into and represented by
seventy-fve shares of the sum Of One
Hundred dollars each which said stock
shall he paid for in cash at the time of sub
scription or the same may be issued, at not
less than par in payment or exchange for
property or rights actually received or pur-
chased by said corporation, or the same
may be issued full paid, for money advanced
and for such other valuable considerations
or services as the board of directors of said
corporation may determine, provided that
no stock shall be issued until consideration
therefor has been received by the said cor
poration. Any stockhoider may sell, assign
or transfe: his stock in this corporation pro-
vided thirty (So) days prior notice of such
intention to sell, assign or transfer the same
be given the company, and the other stock
holders thereof shall have the first privilege
of purchasing same, after which thirty days
notice the said stock may be sold in open
market. The stock of said corporation may
be transferred under the above conditions
provided such transfer thereof be made on
the books of said company at its Office in
Carencr", State of Louisiana, and
render of the certificate thereof. No trans
fer of any fractional part of share shall be
made.
This corporation shall commence to do
business as soon all of the capital stock
shall have been subscribed for. The Board
of Directors shall have the right to deter
mine how much stock shall be issued.
ARTICLE ".
The corporate powers of this company
of three ~ directors consisting of the pres
ident, the vice-presidcn,, and the secretary,
who shall also be treasurer of this corpora
ton. Three of said board shall constitute
quorum for the transaction of business and
their decisions shall be valid corporate acts.
The following persons shall constitute the
first board of directors: George E. Brown,
No person shall be eligible director
officer who is not a stockholder of this COM
pany. During the absence of the president
the vice president shall act and preside.
Said board shall continue in Office until the
first day of July A. d. 1904 ON which date