St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1907-02-02
CHA RTER
MadisOnViIIe Supply Company,
LIMITED.
United States of America, State of Lou
isiana, Parish Of st. TammanY.
OF THE

! BE 1T KNOWN, That on this twenty-eighth
day of the month of December. In the year OF
our Lord one thousand, nine hundred and SIN,
before me, Benjamin NJ. Miller, notary public,
duly commissioned, qualified and sworn, in
| and for the Parish of st. Tammany, State of
Louisiana. and in the presence of the witnesses
hereinafter named and undersigned, person.
ally came and appeared the several persons
whose names are hereunto subscribed, who de-
clared that they do hereby form and organize
themselves into a corporation for term of
fifty 500 years, from this date. under the name
of the ''MADlSONVILLE SUPPLY COMPANY, LINZ
TIED" the domicile. whereof is hereby fixed in
the Town of jacksonville, Parish of st. Tam
many, State of Louisiana; and the objects and
purposes and business for which this corpora
ton is organized, and the nature of the BUSH
ness to be carried on by 1t, are declared to be
the following, to-wit: To do wholesale and
retail merchandise and liquor business, both
for cash and credit; also brokerage and COM
mission business; to export and import; to buy
and sell on commission merchandise, grain.
produce, machinery, wagons, buggies ami all
other commodities that are or may be handled
vested with ali the power and authority con-
ferred by law on like corporations, as though
specially herein enumerated. Citation shall
be served on the President, or IN his absence
on the Vice President or Secretary.
The capital stock shall be five thousand dol
lars $4,000 divided into and represented by
five hundred $500 shares of the sum of ten
dollars ($l0D each, which said stock Shall be
pald Tor IN CASH at the LlIlc OF SuDSCTlpIOn1 or
same may be issued. at not less than par, in
payment or eXchaege for property or rights
actually received or purchased by said cor
poration, or the same may be issued full paid
for money advanced and for services or other
valuable consideration.
The affairs of said corporation shall be man
aged by a Board OF Directors composed of
seven stockholders, to be elected by the stock
holders annually, by ballot, on the 4th day of
December, or any subsequent day fixed by the
Board in case of no election having taken place
on said date. Each share OF stock shall be en-
titled to one vote. Said Board shall have the
right to make all bylaws and change and alter
the same at pleasure.
Any stockholdcr may sell, assign or transfer
his stock in this corporation, provided thirty
DAYS notice of such intention to SELL assign or
transfer the same be given to the company,
and the other stockholders thereof shall have
the frst.priViIege of purchasing same. at book
value, after which thirty days notice the same
stock may be sold in open market.
The said corporation shall begin business as
soon as twenty per cent of its capital stock shall
have been subscribed.
The first Board of Directors shall be composed
of A. H. Heisser, 0. Bahan, Robert LANCE, w.
Fauria. Henry Williams. L. Delpit and J.W .Baham,
and they shall hold office until the 4th day of
December. 1907, or until their successors arc
elected and take their place.
They shall elect from their number Presi-
dent, Vice President, Secretary, Assistant Secre-
tary and Treasurer.
At the termination of this charter and disso-
luton of the company. the affairs shall be
liquidated by the members of the Board of
Directors, as liquidating commissioners.
Thus done and passed, at my notarial office,
in the Town of Covine ton. Parish of st. Tam
many, State of Louisiana, on the day, month
and year first above mentioned, In the presence
of Messrs. ]. M. Claverie, and George J. Smith,
competent witnesses of lawful age. and resi-
dents of the Parish of St. Tamnany, Louisiana,
who have hereunto signed their names. to-
gether with the said appearcrs and me, said
Notary after due reading of the whole: