The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1907-08-24

Selma Mercantile Company, Ltd.
STATE OF LOUISIANA.

PARISH or GRANT. |
Re IL remembered. that ON the 81 day OF July.
taff n.rs,,,,sily anne and appeared before me:
E. s. Howe n Notary Public IN ana Tor saio
pnrish and State. the parties whose names are
hereunto subscribed, All OF run age ~, VIC rav;-
sons of the laws of the State of Louisiana re-
lniive TO corporations and especially III Act No;
-; OF sss aud Of Act No. iSof 1914, OF thesserera,
Assembly of Louisiana. they have convenanted
and agreed and do by these presents c"nVehant
and agree and bind themselves. as well as sueh
other persons may hereafter become assoc
s,e,l with Them q, form and constitute body
polite in law. for the purposes and op!ec,s'
and under the stipuations. articles and cohdi-
tons follows. to-w s'p;T,cJE
The name and tue oil said corporation shAi
b. SELMA MERCANTILE COMPANY,
LIMITED +" and its domicile is hereby estao. |
lisned in Selma Grant Parish, Louisiana; and
under its said corporate name SAID c"rpota'iVh
shall have the power to contract, sue anu nc
sued TO make and use corporate seal and the
same Il, break and alter at pleasure; to hold re-
ceive and have. purchase. improve. alternate:
convey sell, borrow. pletigs mortgage hho
ypothecate under its sand corporate name.
ur,perty real personal. and mixed; ~ max
ard appoint such officers, agents. director
| managers or employees, AZ the interest auu CON
| senisuce of the corporation may ruuife, 70
| make and establish by laws, rules. aud reguia-
| ions for the proper management and reeaia-
/ ton OF its affairs, ms may be deemed necessary
and nr,,pcr and the same to alter anu change az
nIens,, re-: and To do all Their as'ss anu Things
| permitted by law. AS shall he necessary anu
proper tu carry out the objects AID PURPOSES o'
Tins corporntior. SAID corporation. unless
| .,onrr dissolved in accrrdauce with Its charter,
shall exist and continue for the period oil nihety
| anne years from and after the date hcreof.
| The president or in his absence the vice presi-
lent shall br the proper person upon whom
| citation or other legal process shall be served
/ ARTICLE III.
| marathon rs organized. and the nature OF the
business to be carried on by II are declared To
| be the following. to-wit: To buy and sell drs
| inf
1 and generally, To carry on general mercantile
| business in all its branches; and Tor thus pur-
pose, To acquire lands and property. :" purchssse
| or construct or otherwise acquire. such ouiiu-
mos W may be necessary for It's business, and I"
sell same. -
The capita! s..,A oi stiu corporation shall
he TEN THOUSAND t$lv,OOJlOl DOLLARS.
divided into aud represented by Two Hundred
Shares, Of Fifty Dollars ts9v..o par value, each
| winch SAID stock shalt be paid for in cash. OF
| lis euuivuient, at the time of subscription, or
the same may he ISSUED, at not less than par, III
payment or exchange Tor property or rights
actually received or purchased by said corpora
lsiou or the same may he issued full paid, for
| money advanced and Tor other valuable con-
sideralious or services, Ms the p'aru OF directors
| ,,f sand corporation may ueermihe, provided
tbat no stock shall he issued until the consider
: ,tion thereof shall have been received by saic
corporation. =,
. his stock IN this corporation, provided thirs,
.yi) days prior notice of such intentlon be give,
! he company. and the stoekh"fders thereof sh;si
.,uye the first privilege OF purchasing the same
| after giving thirty days notice. the stock ma.
| be sold ia open market.
Phi. StnsF of astd corporation may be trans
ferred under the above conditions, provides
1rl, trrtt,s.sr llscrs-oi Iiluc Ca The books %
| said company at its office. IN Selma louisiana
| and ON the surrender ID he certificate thereol
\ NJ, transfer Of any fractional part Of a shar
G In,s Corporation shall commence doing bust
, ness as SOON as three Thousand ($S.U00l dollar
Of the capital stock shall be subscribed for an
. maid in The board If directors shall have tn
! rixhtto determine how much stock shall o
issued. ,r,u
The corporate powers of this company sha
il be vested in and exercised by board Of fou
: directors consisting of the President. vics
J. President General Manager. and Secretar,
:, lrreasurer Three Of id board shall constitui
y | !, quorum for the transaction of buslness, an
} heir decisions shall be corporate acts. IN
r. Immediately upon the payment into the co
l., poration of the Three Thousand Dollars met
X TONED above. At this first meeting it shall ele
* the officers of the corporation. who shall RENAL
In office until the first Monday in July, 19O6. q
II which date and annually thereafter, board, I
:, directors and officers shall be elected. unle
u aid day shall be legal holiday, in which ca
,r HE election shall be held on the next legal d.
| ,hereafter Notice of said election shall
c, aiven By at least two weeks publication in o.
:. a. the weekly newspapers published in Cola
Grant ma IRISH. Louisiana. Any failure from ri
p cause whatever to elect directors on the d.
:, named for that propose shall not dissoive q
Id corporstion bat the directors then in Office,
we'll as the officers Of said company. shall no
w Office until their successors shall br chose
In such event, the President shall cause anoth
election to be held, within thirty (30) days. ri
shall cause notice thereof to be given a. he's
lfnabove provided. The election OF direcfo
a shall be by ballot. and the majority in sm"u
:; Of votes cast each mare 81 STOCK soteu on 10
-. whom they are cast After each election, I
~ board of directors shall elect from their o'
d. number the Officers .. ss," "n'npany