The Lafayette gazette. [volume] (Lafayette, La.) 1893-1921, 1903-06-06

hereby agree to the following s'ipuiations'
ARTICLE I.
! The nam. and title of this corporation
shall be The Merchant Grocer Company,
Limited, and ITS dnmicile shall be at La.
fayette, Lafayette Parish, State of Louisiana.
ARTICLE II.
This corporation shall enjoy succession
| for the full term and period of tweniy-fv
years from date of this act.
| ARTICLE H.
This corporation shall have power to
| make and use corporate seal, and the
| same to alter and change at pleasure; it
| shall have the power to contract, and
he sued; to hold, receive and purchase,
| and PERSONAL; to hypothecate and mortgage
| its real property and personal effects, but no
mortgage shall be given On ITS real property,
| except when authorized at a meeting Of
| subscribed has been voted in favor of
granting proposed mortgage; to appoint
such officers as the business of the corpora
ton may require, and to make all necessary
of the business, and the same to change
will.
ARTICLE ~
The purposes and objects for which this
corporation is formed hereby declared
10 be: To conduct a general wholesale gro
Gerry and commission business, and to do
any act necessary to successfully conduct
the said business.
ARTICLE V.
All citations process of law shall be
served on the president, or in his absence on
the vice pr esdent, or in the absence of both
of these on the secretary.
ARTICLE VI.
The capital stock of this corporation is
hereby fixed at fifty thousand dollars, di-
vided into five hundred shares of one
hundred dollars each, and this corporation
shall be authorized to do business soon |
as twenty five thousand dollars of its stock |
have been subscribed for.
AKTICLE VII.
The business affairs of this corporation |
shall be conducted under the management
and control of Board of Directors, to be
composed of five stock holders, three of
whom shall constitute quorum.
The board of directors shall elect pres
ident. vice president. and secretary and
necessary for the management of this
Poration. 1t shall have power to fill all va
cancies occurring either bv death, res,gna-
ton Or otherwise. The Offices of secretary
by one person.
r. Demanade, J. X. Jeanmard, n. p.
Moss. /. Moore Bossat and ). X. Parker
son shall compose and constitute the first
board of directors, with +. Demanade as
president. !. X. Jeanmard vice president
and Geo. a. DeBlanc secretary and
treasurer; the said named persons shall
hold their respective Offices until the second
l tuesday, of May 1904, at which time and
thereafter, new board of direc-
tors and officers shall be elected. a
lorty OF the votes cast al meeting of the
stock holders shall elect, each stock holder
being entitled to cast either in person by
proxy, one vote for each share of stock
owned by him. Said meeting shall be given
notice of by publication for thirty days in
newspaper published at LAFAYETTE, Louis
nd Il of fh |
n said place. The failure omission to
:lect officers as provided for, shall in no
manner affect the business of this company,
md the officers shall hold Office until their
successors are elected and have qualified
ARTICLE VIII.
No transfer of stock shall be binding on
he company until it has been recorded on .
he books of the corporation. In the event
my stock holder desires to sell his stock, he
hall give the remaining stock holders the
privilege of purchasing same at the ruling
market price thereof.
ARTICLE IX
No stock holder shall be held personally
able for the faults Of this corporation. Nor
hall any stock holder be liable for any
reater extent than the unpaid balance due
n stock purchased by him. No informally
n organization shall affect the liability OF
took .holders Or render this charter null.
ARIICLE X.
This act of incorporation can be changed, .
lodtied altered the corporation dis. 4
olved with consent Of three fourths of the
apital stock represented at any general 4
leeting of the stock holders, convened for
uch purpose. after thirty days previous
office sha Il be given of such meeting. by 4
publication in newspaper at Lafayette,
and written notice mailed to
ach stock holder ten days previous to such 4
leeting.
ARTICLE NJ.
When this corporation is dissolved either
y limitation, or otherwise, its affairs shall ! 4
( lquidated by three commissioners to be
ppointed for that purpose by the stock \
olders; meeting of the stock holders to 4
e called in the same manner provided
or in article X of this charter. The said
shall remain in office until 4
he affairs of the corporation liquidated,
nd in case of death or resignation, the re- \
aiming ones shall elect others.
The original subscription list is hereto
nneXed. y
Thus done and signed Lafayette, 4
ouisiana this sixteenth day of May, 1908.
"oRIGINAL sIGNED'' |.
]. G. Eckerson, :. Begnaud, Geo. A. n
e Blanc, +. NJ. Bossat. c. NJ. Patterson,
X. Parkerson, n. =. Moss, +. Demanade, 1!
X. Jeanmard, Frank f.. Moss. n
Witnesses: Pierre r. Landry, +. Sontag.