The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1903-01-16
CHARTER OF THE
E. F. Walker Dry Goods Co., Ltd.
STATE OF LOUISIANA
4 :

ber A. d. 1902, before me, Charles X. Cline
Parish of Calcasieu. Louisiana. and in the
presence of the witnesses hereinafter named
peared the persons whose names are hereunto
subscribed, all of the full age Of majority, who
Of the Provisions OF the law Of this State rela-
tive to the organi cation of corporations they
have formed and organized, and by these
| presents do form themselves into, and constl-
| tute a corporation for the objects and purposes
hereinafter set forth and expressed, which
they hereby adopt their charter, to-wit:
! ARTICLE 1.
formed Is to be
| Goods Co. Ltd" Its domicile and office shall
and it shall have and enjoy succession by its
corporate name for period of ninety nine min
! tions and other legal process shall be served
upon the President and in case of hi: absence
shall be served upon the secretary.
ARTICLE Z.
The objects and purposes for which this Ms cor Or
poraIto, Is an ala 'e barehv de
clared to be the buying and selling, either by
wholesale or retail, goods and merchandise Of
very nature whatsoever, Including dry goods,
gentlemen's furnishings. ladies' furnishings,
for for cash. the buying and selling OF real and
personal property. necessary Tor the proper
! said corporation affairs; in fine, to enjoy and
! exercise every facility necessary to a corpora
|
The capital stock Of this corporation is here
! by fixed at and declared to be the sum
Of Twenty Thousand dollars lola s@oioo9o%,
by vote of two thirds Of the stock;
s as Of Es ssd ead
take place at any meeting Of the stockholders
to
| known address of each of said stockholders,
e SAID the eaPs stock h hSa be 1dsd nto
! shares of one hundred dollars 100000 each;
ana signed by 6e er in his b
| sence by the Vice President, and by the Secre-
transfers Of stock must be made upon the
| books of the corporation, by the Secretary of
Said Corporation shall be authorized to do
business as soon as fifty per cent. of said stock
shall have been subscribed
ARTICLE 4.
This Corporation, through its board of di-
rectors, shall have power and authority to con-
tract, sue and be sued in its corporate name:
| to make and use Corporation seal, to hold,
receive, hire and purchase real and personal
property, and to sell. mortgage or pledge the
same: TO borrow money, issue bonds and notes,
to name and appoint such managers, agents
or Officers as its interests or eonYeplencs nay
| laws, rules and regulations as may in their
Judgment be deemed expedient and proper.
| ARTICLE >.
| Tie business affairs of this CORPORATION shall
| be under the supervision and management of
| a board of directors, who shall be citizens of
| the State OF Louisiana. and each of whom shall
| five shares of stock in this Corporation. Said
| board shall be composed of not less than three
nor more than five membe to be elected on
| the first Tuesday in January of each year. be-
1908, provided that the chairman of the board
shall have the power to call a special meeting
to each member of the board ten days previous
notice, by mail. The board of directors shall
their successors are duly elected and i qualified.
The election of the board of directors shall be
| year at the office of the Corporation, ten days
written notice of said election having been
! previously given through the mail by the Sec
| Rotary of the board. majority of the stock
represented at each meeting, either in person
\ or by proxy, shall be necessary and sufficient
to elect. Each stockholder shall be entitled to
one vote for each share of stock held by him,
vacancy occurring in the said board of direc-
tors d shall be filed by election On By the remain
| emit being required to cause the election of
such member, majority of the board of direc-
rum. E. F. Walker, E. b. Walker and E. P
Shear, shall constitute the first board of di-
rectors for this Corporation and shall manage
its affairs until the first annual meeting of the
| stockholders shall be held.
| ARTICLE g.
| they shall elect from their numbers, a board
of direet tor so PRESIDENT Vice President Sec
and Treasurer shall be held by the same per-
of one year from the date of their election or
until their successors are qualified. Z. F.
ger, l.. i. Walker the first Vice President, and
E. ?. Shear the first Sc lIIerr = kd'reasurer,
an s1,..-,,.Itln ne as such officers untiI the
first annual meeting of the stockholders Of
said Company shall be held, and their success
sors elected and qualified. At any meeting of
the stockholders, majority of the stock OF
the corporation represented shall constitute
quorum to do business.
ARTICLE T.
The board of directors shall have full power
and authority to enact, make and establish.
| we'll as to change. alter or amend all by laws,
rules and regula tions for the support and man
| They shall adopt for the use of the Corpora
| ton, seal, with such device they may
| deem fit and appropriate.
ARTICLE 8.
No stakeholder shall be liable for the debts
| and contracts of this corporation to greater
| amount than the unpaid balance of his shares
| therein; and no stakeholder shall ever be liza
BILE personally for the contracts or faults Of
the organization of this corporation, have the
effect of rendering this charter or act of in
to any alility in any further sum than the
said shares held by him.
ARTICLE 8.
This act of incorporation may be changed,
modified or altered or said corporation may be
dissolved with the consent of two thirds of the
ca pital stock represented at any general meet
ing of the stocA holders convened for that pur-
pose, after ten days prior notice of such meet
ing shall have been given by two consecutive
: publications in one of the weekly newspapers
published in the Parish of Calcasieu, Louisi-
ana, and by mailing written notice to the
last known address OF each stockholder.
ARTICLE 10.
Special meeting of the stockholders may be
called by the President at any time, by giving
ten days prior written notice sent to the post
office address of each stakeholder.
ARTICLE IL.
Whenever this corporation is dissolved for
any cause, it's affairs shall be liquidated under