The Lafayette gazette. [volume] (Lafayette, La.) 1893-1921, 1903-06-13

hereby agree to the following s'ip"la'io"s'
ARTICLE I.
The nam. and title of this corporate ton
shall he The Merchant Grocer Company.
Limited, and ITS domicile shall be at La
fayet,e, I.afa, cite Parish, State of Louisiana
ARTICLE II.
This corporation shall enjoy successi""
for the full term and period of twenty five
years from date of this act.
ARTICLE III.
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. sue and
lie sued; to hold, receive and purchase,
lease, sell and convey property, both real
and personal; to bypothecate and mortgage
its real property and personcl effects, but no
mortgage shall be given on ITS real property,
except when authorized at a meeting of
stock holders, after majority of stock
subscribed has been voted in favor OF
granting a proposed mortgage; to appoint
such officers as the business of the corpora
ton may require, and to make all necessary
rules and by laws for the successful conduct
of the business, and the same to change at
will.
ARTICLE ".
The purposes and objects for which this
corporation is formed hereby declared
to be: To conduct 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 esident, 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.
ARTICLE VII.
The business or affairs of this corporation
shall be conducted under the management
and control of a Board of Directors, to he
of five stock holders, three of
W HON sha ii constitute a quorum.
The board of directors shall elect pres
dent. vice president, and secretary and
and such other officers as may te
necessary for the management of this cor
ooraton. 1t shall have power to fill all va
cancies occurring either bv death, resIgna-
ion otherwise. The Offices of secretary
,nI treasurer may be consolidated and held
oy one person.
F. Demanade, J. K. Jeanmard, n. +.
Moss. +. Moore Biossat and $. X. Parker
son shall compose and constitute the first
board of directors, with r. Demanade as
president. !. X. Jeanmard as vice president
md Geo. A. DeBlanc as secretary and
reasur,r; the said named persons shall
lold their respective Offices until the second
Tuesday of May 1904, at which time and
annually ther eafter, n new board of direC-
ors and officers shall be elected.
GRITTY of the votes cast at meeting of the
took holders shall elect, each stock holder
,eing entitled to cast either in person or by
proxy, one vote for each share of stock
wv nei by him. Said meeting shall be given
,,F Ix,, Cor I,xs
ne wspaper published at Lafayette, Louis
ana and held in the Offices of the company
n said place. The failure or omission to
leCt officers 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 stockholders the
privilege of purchasing same at the ruling
market price thereof.
ARTICLE IN.
No STAKEHOLDER shall be held personally |
liable for the faults of this corporation. Nor |
hall any stock holder be liable for TO any |
rea,er extent than the unpaid balance due
n stock purchased by him. No informally |
n organization shall affect the liability OF
,ock holders or render this charter null.
ARTICLE X.
This of incorporation can be changed, |
modified or altered, or the corporation dis |
olved with consent of three fourths of the |
apital stock represented at any general |
ting of the stock holders, convened for |
UGH purpose, after thirty days previous |
otice shall be given of such meeting, by |
in a newspaper at Lafayette, |
and written notice mailed to
ach stock holder ten days previous to such |
leeting.
ARTICLE Nj.
When this corporation is dissolved either |
" Limitation, or otherwise, its affairs shall !
e liquidated by three commissioners 10 be |
ppointed for tina; purpose by the stock |
a meeting Of the stock holders to |
e ca He'd in the manner as provided |
or in article of this charter. The said |
shall remain in Office until |
he affairs of the corporation are liquidated, |
nd in case of death or resignation, the re- |
naming ones o one shall elect others.
The original subscription list is hereto |
nneXcd.
Thus done and signed at Lafayette,
this sixteenth day Of May, 1903. |
.sORIGINAL SIGNED'
I. G.. Nickerson, 5. Begnaud, Geo A.
DC Blanc, Il. NJ Biossat. G. Nj. Parkerson,
l.. X. Patterson, n. r. Moss, f. Demanade,
X. Ieanmard, Frank T.. Moss.
Witnesses: Pierre II. Landry. +. Sontag.