The southern sentinel. (Winnfield, La.) 1883-1910, 1907-02-01

ACT OF INCORPORATION
of the Peoples Hardware and Fur
niture Company, Limited
State Of Louisiana,
Parish of Winn.
Be Il known and remembered that on the 18th
day of December, One Thousand, Nine Hun
dred and Six, before me John Fl. Mathews,
Notary Public, duly commissioned and quail
flied in and FOR 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
awaiting themselves Of the laws Of Louisiana
relative to corporations, they have coyenanted
and agreed, and by these presents do covenant
and agree and form themselves into q 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 l.
The name and title of this corporation shall
be 'sThe Peoples Hardware and Furniture Conn
pany. Limited" and under its corporate name
II shall have power and authority to continue
and exist for period OF ninety nine years
from the date hereof; to contract; sue and be
sued; to make and use q 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-
sonal and mixed; to name and appoint such
officers, directors, managers agents and en-
ployees rs 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
as may be necessary and proper to carry out
the objects and purposes for which this cor
poration il organized.
The domicile of the said corporation is
hereby fixed and established at WINFIELD,
winn 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 q president, vice-pres-
ident, secretary and treasurer, but the offices
Of secretary and treasurer may be filed 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 at any time by the board OF
directors for good cause shown.
AnrroLE 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 q general mercantile
business, to buy and sell goods. wares and
merchandise Of every kind and character, sucq
Is hardware, furniture, mill supplies and such
other merchandise as the company shall see
6t to handle from time to time and everything
incident to general mercantile business.
ARrTcIE 4.
The capital stock Of this corporation shall be
Fifty Thousand Dollars, divided into and
represented by Five Hundred shares of One
Hundred Dollars each, and ~ soon rs fifty
shares have beed subscribed for this corpora
ton Is authorized to begin business.
ARTICLE s.
The corporate powers Of this corporation
shall be vested in . board Of directors to be
composed Of seven persons all Of whom must
be stockholders in said corporation, majority
Of whom shall constitute o quorum. The
stockholders shall hold regular annual meet
ings, the time for which shall be fxed 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 1t once
organize by electing from their board the
officers Of said corporation rs already named.
The FIRST board OF directors shall be R. H.
Fletcher, A. L. Mcdonald, M. M. Fisher, N. NJ.
Hyde, A. J. Long, J. n. Hyde, 9. j. Harper,
who shall hold ONCE until their successors are
elected, it being specially understood that the
failure ON the part of the stockholders TO hold
their annual meeting and to elect new board
Of directors, shall in way affect the corporte
acts Of this corporation, the old board always
holding over until the new board il elected
and organized.
In AL elections each stcckholder 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 q majority
OF the votes cast shah elect. In case Of
vacancy in said board, caused by death, resig-
nation or otherwise, said vacancy shall be
filled for the unexpired term by the said board. |
The board OF directors shall make such by
laws and regulations ~ may be necessary for
the proper management Of the affairs of this
corporation, and shall amend and change the |
same Is they see proper. and shall have power |
to provide for and contract debts, borrow |
money. issue bonds. drafts, notes, acceptances, |
execute mortgages and to do Al other things |
melted to the objects and purposes of this |
corporation, and shall have power and |
authority to vest the president or general |
manager or both Of them with such Of these |
powers - they zee 1t.
ARrIcIke /
This charter may be changed. amended or |
Dissolved By two-thinds rote or the stockhoid- |
- - neo1ing cn1loa az fhat purpone