The southern sentinel. (Winnfield, La.) 1883-1910, 1907-01-18


fled in and Tor the Parish of Winn, State of
Louisiana. and in the presence of the under
signed legal witnesses, personally came and
appeared the persons whose names are here
unto subscribed. who severally declared that
relative to corporations, they have covenanted
and agreed, and by these presents do covenant
and agree and form themselves into corpo-
ration for the objects and purposes, and under
the stipulations and agreements hereinafter
set forth and expressed, which they hereby
adopt as their charter, to wit:
ARTICLE I.
The name and title of this corporation shall
be .sThe Peoples Hardware and Furniture COM
pany, Limited" and under it's corporate name
it shall have power and authority TO continue
and exist for a period of ninety nine years
from the date hereof; to contract; sue and be
sued; to make and use corporate seal and the
same to break or alter at pleasure; to hold,
lease, receive, purchase, convey, ALLEVIATE
borrow, pledge, mortgage and hypothecate
under its corporate name property real per-
sonai and mixed; to name and appoint such
officers, directors, managers agents and EN-
ployees as the interest and convenience of
said corporation mry require; to make and use
such bylaws, rules and regulations for the
proper management of its affairs as may be
deemed necessary and proper, and the same to
reasonably change at pleasure: and to do all
other acts and things permitted by law or such
rs may be necessary and proper to carry out
the objects and purposes for which this Coz
poration is organized.
ARTICLE q
The domicile of the said corporation is
hereby fixed and established Mt Winfield,
VIM Parish, Louisiana The presinent or in
his absence the vice president, shall be the
officers upon whom all citation and legal
process shall be served. The officers of this
corporation shall be a president, vice-pres-
ident, secretary and treasurer, but the ofdces
Of secretary and treasurer may be filled by one
and the same person Said officers shall be
stockholders in said corporation and shall be
elected annually by the board Of directors,
and shall serve until their successors are
elected; however, said officers shall be subject
to removal ut any time by the board Of
directors for good cause shown.
ARIIcLE 8.
The objects and purposes for which this cor
poration is organized and the business to be
carried on by it are declared to be the follow
ing, to-wit: to carry on general mercantile
business. to buy and sell goods, wares and
OF every kind and character, sucq
rs hardware, furniture, mill supplies and such
other merchandise as the company shall see
1T to handle from time to time and everything
incident to q general mercantile business.
ARTICLE 4
The capital stock of this corporation shall be
Fifty Thousand Dollars, divided into ana
by Five Hundred shares Of One
Hundred Dollars each, and as soon as fifty
shares have heed subscribed for this corpora
ton is authorized to begin business.
ARr1cLE S.
The corporate powers OF this corporation
shall be vested in Q board Of directors to be
OF seven persons all of whom must
be stockholders in said corporation, q majority
OF whom shall cons titute quorum The
shall hold regular annual meet
ings, the time for which shall be fixed by the
bylaws OF said corporation. At these said
annual meetings the stockholders shall trans
act any business coming before them and shall
elect board OF directors for the ensuing year,
which newly elected board shall at once
by electing from their board the
officers OF said corporation as already named.
The first board Of directors shall be R. H.
Fletcher, A L. Mcdonald. M. NJ. Fisher, N. NJ.
Hyde. A. ]. Long. J. II. Hyde. 8. ]. Harper,
who shall hold Office until their successors are
elected, 1t being specially understood that the
their annual meeting and to elect new board
n Ill - -
acts OF this corporation, the old board always
holding over until the new board, Ii elected
and organized
In all elections each stakeholder shall be
entitled to one vote for each share OF stock
owned by him and these votes must be cast
BY him in person or by proxy, and majority
81 the votes cast shall elect. In case Of
racancy in said board, cansed by death, resis-
nation or otherwise, said vacancy shall be
dlled for the unexpired term by the said board
The board of directors shall make such by
laws and regulations as may be necessary for
kie proper management Of the affairs Of this
and shall amend and change the
Iame rs they see proper, and shall have power
% provide for and contract debts, borrow
money. issue bonds, drafts, notes, acceptances,
execute mortgages and to do all other things
melted to the objects and purposes Of this
and shall have power and
TO vest the president or general
manager or both Of them with such Of these
lowers - they zee at.
1nie charter nay be changed, amended on
lll1p1vod b .t1p-t thirds vote 81 the sfockho3d-
~ - = n.e1tlnx c.zlsd ~ int Durpoee