The southern sentinel. (Winnfield, La.) 1883-1910, 1907-01-25
ACT OF INCORPORATION
of the Peoples Hardware and Fur
niture Company, Limited

niture Company, Limited
State of louisiana,
Parish of VIM.
Be it known and remembered that on the 18th
day of December, One Thousand, Nine Hun
dred and Six, before me John H. Mathews,
Notary Public, duly commissioned and quail
flied i'm 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
awaiting themselves of the laws of Louisiana
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 ami 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 .'The Peoples Hardware and Furniture Conn
pany. Limited" and under its corporate name
il 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 a corporate seal and the
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 70 do all
other acts and things permitted by law or such
as may be necessary and proper 10 carry out
the objects and purposes for which this cor
poration is organized
Article 2.
The domicile of the said corporation is
hereby fixed and established ct 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 a 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.
ARTICLE 8.
The objects and purposes for which this cor
poration is organized and the business to be
carried on by 1t are declared to be the follow
ing, to-wit: TO carry on a general mercantile
business TO buy and sell goods, wares and
merchandise of every kind and character, sucu
as hardware, furniture. mill supplies and such
other merchandise as the company shall see
ft to handle from time to time and everything
incident to general mercantile business.
ARTICLE 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 as soon as fifty
shares have beed subscribed for this corpora
ton is authorized to begin business.
ARTrcLE 8.
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, q majority
of whom shall cons titute q quorum. The
stockholders 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 |
organize by elec;ing from their board the
officers OF said corporation as already named.
The first board of directors shall be r. b. |
Fletcher, A. L. Mcdonald, M. M. Fisher, N. M. |
Hyde. A. J. Long, J. NJ. Hyde, S. ]. Harper, |
who shall hold Office 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 a new board |
of directors, shall in no way affect the corporte
acts of this corporation, the old board always |
holding over until the new board Is 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 o majority |
Of the votes cast shall elect. In case Of |
vacancy in said board, caused by death, resig- |
nation or otherwise, said vacancy shall be |
filed 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 ali other things I
melted to the objects and purposes Of this
corporation, and shall have power and
authority to vest the president or general
msnager or both OF them with such OF these
powers as they see it,
ARrIcIke. II
This charter may be changed, amended or
By two thirds vote q the stockhold- Il
ers y meeting called for that purpose /