The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1907-08-03
CHARTER
Selma Mercantile Companu, Ltd.
STATE OF LOUISIANA.


Re il remembered. that on the sd day OF july d
1917. personally came and appeared before me; :
Z. - Howe a Notary Public N ana .oa Sss ra
,.ar,sh and State. the parties whose names 1re
perennto subscribed. all of full age, who DE- !
rlared that awaiting themselves vi tne p" Z
sions OF the laws OF the state OF ~ act NJ"
KS If lsSs and of Act No. lsof IVA. OF theuen.,ai
Assembly of Louisiana, they lave convenaneu
aud agreed and do by THESE psess ~ vel as such
other persons as may hereafter become assoS.
ated with them. To form and constituse Z
noIitic in law. for the purposes an" op!ecss?'
POI nader The stipulations. articles and condi-
| tions follows. to-wlt;
| The rame and title of said corporation shall
| h.. SELMA MERCANTILE COMfANi,
| IIMTTED +" and its domicIle Is hereby estap.
lished in Selma. Grant Parish, L9usiana, anu
| under It's said corporate name SAID c"rporau1n
| shall have the power to contract, sue and De
suesi: TO make and use corporate seal anu tne
same to break and alter at pleasure 70 ais"ate.
| c,nyey sell, borrow. pledge mVrtgage anu
ypothecate, under it's said corporate name.
oro,,.rty real. personal. and mixed; " maAr
AID ap,,oiut such officers. agents. uirecuor
managers or employees, as the interest anu con-
| yes,ierce of the curporution may r9"to, !"
| make and establish bylaws, rules. ana rekuh-
,,,.ns for the proper management and reguia-
, ton of its affairs. may be- deemed necessary
and proper. and the same =, atr anu ,h'n~s
r ..,u,itt.sj by law or shall be necessary anu
| proper 10 carry out the objects and PURPOSES u
epfppruttOf. SdlQ CoFpoibti'h. A"s>e~'
soon-r dissolved in accordauce with ITS charter
hai lst and continue for the period OF ninety
n u,nc years from and after the date hereof.
The president or in his absence the wee presI-
. dana shail he the proper person upon whom
+ ,tat,.,p or other legal process shall DO server
!, ARTICLE III.
: The objects and purposes Tor which this COT
= norut,o,, is org;inszrd. aud the nature Oh the
Il BUSINESS to be CARRIED by ~ are declared 10
.. he the foiiowng. to-wit To buy and sell ~,
.,,pls clothing. fooslstuffs groceries, haruwa!e'
,,,d .,e,er,iiy Ia carry on general mercnntite
}. bnsi,,,ss in ali its branches; and for this nr-
h, pose To acquire innds aud property 10 purcn1sst
| ar construct otherwise acquire. such ou,iu-
,ngs a. may be necessary for ITS business ana u
sell same. ,xc,,,.rrrr
= The cauital stovk ot sitlu corporatIon stni
= ,r TEN THOUSAND (SlrcOn,tul DoLiAkS
Ill divided into aud represented by Two hundret
sSa ;rh .a,d stock shall 81 paid for in cash.
2. lis eouiv aient, at the time OF subscription, .
vi the same may be issued. at not less than par, y
he paymeut or exchange for property or risns
~ ,ctu;,Ily received purchased by said corp"r'
:" tiou ar the same may be issued. fuii paid 10
r. money advanced and fur other vniunnie con
a srs, ios or services, The board of director
" III suid CORPORATION may de,ernihe; provides
that NO stock shall be issned until the c,'nsidel
es alton thereof shall have been received by sai
ts Any -tockhoider may sell. assign, "r TRANSIT.
pS his siock ia this corporation, provided ihir'
n sU) days prior notice OF snch lntenti"n De give
~. he company and the Stockholders thereof sha
- nave the first privilege oil purchasing the sam
after giving thirty days notice, the stock ma
5. ne sold III open market. 49,
oil rerred under the above conditions. proyid'
in suc,, trrnsier thcrsof b., nude on the hooks
ice sad company ut lis ofiice IN SELMA ..s
and on the surrender of me cefuhcH's the,es
No transfer of any fractional part oi a shs
!. shall be made. -
- This corporation shall commence "a a"lnc 9u
ncss M soon rs three Thousand tS.UlU doiiS
If the capital stock shall be subscribed Tor ~
8, paid in. The board oil directors shait hnve !
ali. right todefermi"e now ''"'" sS~ '''"''
!, issued. ARTucIEIy
uh- ~ ~: .or,.,v oh,
md The corporate powers OF TINS company s s
,ad 2; scsv Consisting Of the President VII
nut President General Manager. anu anu, Secre e!sn
wO Treasurer Three OF 10 noau - Si h; !
A.. n quorum for the transaction OF business. z
Az. their decisions shall be corporate acts. I
NJ board 81 directors sinai hhn mr.; mr.. nee.'
the Immediately upon the Rnyment ,ns ',,n ne ~
n,, poration OF the inrVe inousanu lsa I'm ~ ~
~ TONED above: AT this mrs! meeiIne y smnlI el
me the officers 81 the corpesauon. wn9 sm"ii rem
lest ia Office until the mrs. mo.sssy ~
Nl- | which date. ana annuaity .nereAises, sS"su
~. directors and omcers snsh - e!cesss:. ""'
tr said day shall be q legal noiioay' ~ WIEN
the eiecto" NAL N.ss;.o ~ SAID election shnll
given by az least wv 49, pti;.Iad :; Coli
oil the weekly newspapers Puoisn;ss s. 'e s- .u,
cause whatever to elect directors on the
uamcd Tor that p spssrse sn.l IT, ~. =; s;;a ~
corporation put tne - @ lieu ~
us office until their snccessors shall be chos
nue. In such event tne s s' ss d.ss
ana election " OF nei.; VIII - - 'o ~ ~
nud shall cause notice thersof 70 ne given - y
inabove prov,aea' ln e., e,rc air;,v IN sv,,
snai Oe ~ c"' ~h h.re ~ stork voted s,r 70
Mr. counted az one vote shaii eect Tue p siss"
-, whom they are cas,. aner eA s. sr;,
BEN o humber r. the officers 81 ss;d company.
aha,NI fru ~,
t The board Oh direc'"ss sna.a nase iun ~
e MI sagancGs !. ar ",herwise from am
mi the stockholders Of the corporstion. They :
'"' have full c"ntrol OF tns pro pe en3
~ az the company, " H.
MI Wl IN mage, ana use tue semS. ~