The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1907-07-13
CHARTER
Selma Mercantile COMPANY, Ltd.
STATE OF LOUISIANA,


STATE OF LOUISIANA. [
PARISH of GRANT
BE il remembered, that on the ST day Of July
fsu7, personally cane aud appeared before me-
4. 8. Howe, Notary Public ia and for said
parish and State. the parties whose names are
hereunto subscribed. all Of full age. who de-
rlared fhst. svniIipg themselves of the provi.
sions Of the In VS. of the State of Louisiana re-
intive to corporations, and especially Of Act No
ri Of lss' aud of Act No. sof 1904 Of ei;eneri
Assembly of Louisiana, they ..ave convenan ed
and agreed. and do by these presents convenani
and agree aud bind themselves. ms well as suci
other persons may hereafter become associ-
ated with them. TO form and Constitute body
polite in law, Tor the purposes and objects
and under the stipuIstIons articles and condi-
tions follows. to-wit:
ARTICLE 1.
The name and title Of said corporation shall
ba SELMA MERCANTILE COMPANY,
LIMITED. and it's domiciie is hereby estab-
iished in Selma, Grant Parish, Louisiaua; and
under its said corporate name said corporation
shall have the power To contract, sue and be
sued; TO make aud nse corporate seal and the
same Ia break and alter at pleasure 10 hold, re-
ceive, and have. purchase. improve. ALLEVIATE.
convey. sell, borrow. pledge mortgage and
-ypothecate, under it's said corporate name.
property. real, personal. and mixed; to make
AID appoint such officers, agents. directors.
managers, or employees, as the interest aud con-
venience ct the corporation may rauire; to
make and establish by laws rules. and regula-
tons for the proper management and regula-
tion of its affairs, rs may be deemed necessary
and proper. and the same to alter and change a,
pleasure; and To do all ,ther acts and things
by law. shall be necessary and
this corporation. Said corporation, unless
sooner dissolved. in accordance with its charter,
shall exist and continue for the period Of ninety
nine years from and after the date hereof.
The president. or in his absence the vice presi-
ieut, shall be the proper person npon whom
station or other legal process shall be served.
ARTICLE III.
The objects and purposes for which this cor
porstiou is organized. and the nature of the
business to be carried .,n by il are declared 10
be the following, to-wit: To buy and sell dry
Foods, clothing. foodstuffs. groceries, hardware.
snd generally, To carry on a general mercantile
business in ali it's branches; and for this pur-
bose. to acquire lands and property. to purchase
" construct ar otherwise acquire. such build
ugs as may be necessary for its business, and 4,
ell same.
ARTICLE III.
The capital stock Of said corporation sball
NJ TEN THOUSAND (s1o.0O0,O) DOLLARS.
divided into and represented by Two Hundred
'hares, of Fifty Dollars ($5o.O,) par value each:
which sand stock shall be paid for in cash, or
Is equivalent, at the time Of subscription, ar
he same may be ISSUED, at uotiess than par, in
'ayment or exchange for property or rights
ctually received or purchased by said corpora-
ion. or the same may be issued. full paid, for
money advanced and for other valuable con-
iderations or services. as the board OF dirsctors
i said corporation may determine; provided
hat no stock shall be issued until the consider
ton thereof shall have been received by said
orporation.
Any stakeholder may sell. assign, or transfer
is stock in this corporation, provided thirty
s0l days prior notice Of such intention he given
he company, and the stockholders thereof shall
lave the FIRST privilege Of purchasing the same.
fter giving thirty days notice, the stock may
= sold ia open market
The stock of said corporation may be trans
srred under the above conditions. provided |
nch transfer thereof be made on the books OF |
AID company at its Office. in Selma Looisiap, |
nd on the surrender OF the certificate thereof |
% transfer Of any fractional part OF a share |
aall be made
This corporation shall commence doing busi-
ess as soon rs three thousand t$s0900g} dollars
the capital stock shall be subscribed for and |
aid in. The board Of directors shall have the |
ght to determine how much stock shall be
sued.
ARTICLEIv..
The corporate powers OF this company shall
p vested in and exercised BY board al four
irect"rs consisting of the President, vice
resident. General Manager. and Secrctary
treasurer. Three Of id board shall. constit ute
quorum for the transaction of business. and
'eir decisions shall be corporate acts. The
lard If directors shall h Id iss first meeting
nmediately upon the payment into the cor
.ratiou Of the Three Thousand Dollars men,
oned abnve. At this first meeting it shall elect
. officers OF the corporation. who shah remain
Office uutit the first Monday in July, 1903. ON
hich date and annually thereafter, board Of
recforr and officers shall be elected. uniess
id day shall be legal holiday. in which case
. election shall BE- held on the next legal siay
ersaftsr. Notice Of said election shail Be-