The Opelousas courier., 1904-01-30
CHI "A f H
---OF THE
SHUTES4ON MERCANTILE CO., LTD.

vt JLOUIS1ANA I
PARISH OF ST. LANDRY. :
Be it known that on this 21st day of Decem.
Der, A. ID. 1903, before me, James j, Bailey. a
notary public duly commissioned and qualified
10 act In ana for st. Landry parish, and in the
presence of the hereinafter named witnesses,
personally came and appeared the persons
whose names are hereto subscribed. who sew.
orally declared that, availing themselves Of the
provisions OF the laws of Louisiana relative to
the organization of corporations, thew have
formed and organized, and by these presents
90 form and organize themselves into a corpor.
alton, for the objects and purposes, and under
the stipulations and agreement hereinafter SET
forth.
ARTICLE T..
The name and style of this corporation shall
be the SHUTESION MERCANTITE CON-.
PANY, LIMITED. 1t shall have its domic1le
In Shuteston. in st. Landry parish, La: shall
nave continuance and successionn nder it's cor
porate name for a period of ninety-niue years,
unless sooner dissolved by the action of its
stockholders owning a majority i'm amount of
the capital stock.
ARTICLE II.
The objects and purposes for which this cor
poratioR is organized and the nature of the
clared to- be as follows: To conduct and carry
on a general merchandise business.
ARTICLE TT.
The capital stock of this corporation is here
by fixed at the sum of ten Thousand dollars, to
be divided into one hundred shares of one HIM.
dred dollars each. which said shares shall be
paid for in such manner as may be prescribed
by the board of directors; provided. however.
that this corporation is not to begin business
until one-half of the authorized capital stock
is paid in.
The capital stock may be increased or dimin-
ished by a two-third vote of the stock sub
Scr1Ded at any general meeting of the stock
holders duly called for that purpose,
ARTICLE ".
Transfers of stock shall only be made on the
BOOKS OF the company by a stakeholder In per-
son or by, proxy, but none shall be sold or
transferred by any stakeholder unless the said
stock shall have first been offered for sale to
the other stockholders at the same price
through written notice served on the president
OF the COMPANY, and only upon the failure or
neglect of the other stockholders to wall
themselves within ten days of such right of
purchase shall such stock become TRANSFERABLE
no certificate shall issue except for fully paid
up stock,
ARTICLE v.
The business of this corporation shall be
managed by and all It's corporate powers sball
be vested IN a board of directors comp of
three stockholders to be elected annually on
the first Monday in September of each wear: AT
their first meeting said board shall elect one of
their members as president, another as vice
and another as manager, treasurer
and secretary, and fix their salaries. The vice. |
president or manager may act as secretary, Al |
elections for directors the persons receiving |
me votes OF the majority IN amount of the cap
ltai stock OF said corporation shall be declared |
and at all the meetings of the board of
directors the action of the majority in number |
present shall prevail. A majority of the board
directors small constitute a quorum for the
of business.
ARTICLE w
The board of directors shall have AUTHORITY
NIL all vacancies, and shall have full power
% make and establish, as we'll as change and
liter at pleasure all such bylaws, rules and
for the management of it's affairs
is they may deem necessary; to borrow money.
'uy aud sell real estate, execute mortgages.
nakeSontracts, and do all things necessary to
the business OF the corporation.
ARTICLE VII. U
Ali che5ks, drafts and notes shall be signed
the treasurer, and in case OF his lnabiliby to
~ anyone else designated by the board of
directors.
ARTICLE VIII.
All cleo ions for directors shall be held atthe
eptember of each year under the supervision
I two commissioners to be appointed by the
gard Of directors. Ten days notice OF each
lection shall be given in writing to each stock
older by the president.
ARTICLE TX.
The first board of directors shalkeonsist of
ebert B. Wilkins. Prank Dimmick and Oliver
liver 2. DAILY vislpresident and secretary,
directors an lgbkoficers shall continue in
lice until the frsAlfonday in September, 1904,
! until their saceA@ors shall have been elect.
4 and qualified.
ARTICLE X.
At all elections for the board OF directors
7erF share of stock duly paid up shall be en-
tied to one vote.
ARTICLE XXI.
stakeholder of this corporation shall ever
J held liable for the contracts or faults Of said
lrporation in any further sum than the nm /
nd balance of the shares OF the capital stock $
by him, nor shall any mere informally
organization have the effect of rendering =