The southern sentinel. (Winnfield, La.) 1883-1910, 1907-01-04
ACT OF Incorporation
of the Peoples Hardware and Fur.
niture Company, Limited

State of Louisiana,
Parish of Winn. 1
Be ii known and remembered that on the 18th
day of December, One Thousand, Nine Hun
bred and Six, before me John Il. Mathews, a
Notary Public. duly commissioned and quail
lied 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
awaiting themselves of the laws of Louisiana
relative to corporations. they have covenanfed
aud agreed, and by these presents do covenant
and agree and form themselves into a 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 ssThe Peoples Hardware and Furniture Conn
pany, Limited" and under its corporate name
/, 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 corporate seal and the
same to break or alter at pleasure; to hold,
lease, receive, purchase. convey, ALLEVIATE
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 requires TO make and use
such bylaws, rules and regulations Tor 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 proAer to 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 at winufield,
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 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 annu.lIy 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 3.
The objects and purposes fer which TINS cor
poration is organized and the business to be
| carried on by 10 are declared TO be the follow
ing, to-wit: to carry on general mercantile
busir ess. to buy and sell goods, wares and
merchandise of every kind and character, sncq
as hardware, furniture, mill supplies and such
other merchandise as the company shall see
| fit to handle from time to time and everything
incident to a general mercantile business.
ARTICLE 4.
The capital stock OF this corporation shall be
Fifty Thousand Dollars, divided into ana
| ranresented by Five Hundred shares of One
Hundred Dollars each, and as soon as nity
shares have beed subscribed for this corpora
ton is authorized to begin business.
ARTICLE 5.
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 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 meetinTs the stockholders shall trans
act any business coming before them and shall
| elect n board OF directors for the ensuing year
which newly elected board shall at once
organize by eiecting from their board the
officers of said corporation as already named
/ The first board of directors shall be X. III
4 Fletcher. A. L. Mcdonald, NJ. NJ. Fisher, n. NJ
HYDE. A. J. Long J. NJ. Hyde, S. j. Harper
who shall hold office until their successors are
elected. it being specially understood that the
fa;,ure ON the part of the stockholders TO hold
their annual meeting and TO elect new board
Of directors. shall in no way affect the corports
acts of this corporation, the old board Away;
holding over until the new board Is elected
| and organized
In all elections each stockholder snail Of
entitled TO one vote for each share OF stock
owned by him and these votes must be cas-
by him in person or by proxy, and malorlt,
Of the votes cast shall elect. In case o.
vacancy in said board, caused by death, resig
nation or otherwise, said vacancy shall d
filled for the unexpired term by the said board
The board of directors shall make such by
laws and regulations as may be necessary fol
the proper management of the affairs OF TINS
CORPORATION. and shall amend and change thu
same rs they see proper, and shall nave po"e
IN provide for and contract debts, borrow
money. issue bonds, drafts, notes, aeceptances
execute mortgages and to do all other thing
melted to the objects and purposes OF thi'
corporation, and shall have power ant
authority to vest the president or genera
manager or both of them with such of taes'
powers as they see fit
ARTICLE 6.
This charter may he changed, amended o.
dissolved by two-thirds vote OF the stocAnoi1
erc al. n meeting called for that purpose
sbouId this corporation b. dissolved by
vote Of its stockholders its affairs, shall b