The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-05-09
CHARTER
OF the John F. Irvine Co.,
Ltd, Bayou Sara, La.

State of Louisiana, r
Parish of West Feliciana.
Re It known that on this 18th day of March y
n the wear of our Lord One Thousand NINE ;
Hundred and Eight before me, A. whereof
Cuerl, and ex.officio Notary Public in ana 1or
the said Parish and State, duly commissioned
and qualified and in the presence OF the VIII
nesses hereinafter named and undersisheu'
personally came andappearedt the parueS"hose
names are hereUnto subscribed VINO declare
that awaiting themselves OF the PROVISIONS Vi
the laws of this State relative TO corpoFatlolo'
and especially, of Act No. 36 of 1888 OF the Cen
oral Assembly of the State of Louisiana tney
have convenanted and agreed and by these
presents covenant agree and bind themselves
as well as other persons as may become aSSo'
ciatedwith them, to form andconStltute cor
noration and body corporate in law 1of INC
plrpOseS and objects, and under the SCipul"
tions. articles and conditions following to- W.T.
ARTICLE /.
The name and title of this corporation small
he .'Jobn F.. Irvine Company Limited" and it
shall exist and continue for term or 1l1ty
Years from date hereof, 1t shall have It's .dolni-
ci]e in the Town of Bayou Sara PARISH OF
West Feliciana, State of Louisiana; ana INC
President thereof, or in his absence inc VICE
President thereof, shall be the pepper person
ar officer upon whom all citations all legal
process shall be served.
ARTICLE II.
| This corporation shall have the power 10
contract. sue and be sued, to make and use
corporate SEAL and the same to DreaK anu
| alter at pleasure, to hold. receive, lease pur-
chase, sell and convey, as well as mortgage
and hvpothecate, under the corporate NAME
nropertv. both real and personal to borrow
and lend money, to give and receive securities
therefor, to name and appoint Such ohcerS'
managers, directors and agents. as inc coh-
venience and interest of said corporation may
renuire: to make and establish such bylaws
and rules and regulations for said corporation
As may be necessary and proper, ana inc Salile
to alter and amend at pleasure.
ARTICLE III.
The objects and purposes for when this
corporation is organized, and the nature Vi Vhe
business to be carried on by 1t, are herepS ue'
clored to be the following, to wit: A general
merchandise advancing. and COMMISSION ousl-
ness. the wholesale and retail selling OF ller-
chandise. groceries and all kinds OF SuppheS
, including the purchase and sale OF agflcuieu
raj nrOducts and live stock, in the SAD FOWL
Of BavOu Sara, and Parish of West Fchcana
, and throughout the State OF LOUISIANA ah0
elsewhere, and to that end to buy and SELL ao
5 vance and supply direct and on COMMISSION
and generally to do all things as is usually Incl
! dent and purtenant to such business.
ARTICLEIV,
The capital stock of this corporation shall b'
5 Forty Thousand Dollars ($4O,OO0OO) divided int
Il four hundred shares of One Hundred Dollar
e each. and said corporation Shall be apthorHe'
r to commence business as soon as the snare
shall have been subscribed. The stock sha
Il be paid for in cash at the time of suDscrlptlo
9 or at such times and upon such notices. an
Y in such amounts as may be fixed by the Boar
=, of Directors or the same may be issued at no
less than par in payment or in exchange 10
nroperty or rights actually received, or pu
}! chased by said corporation. or the same ma
d be issued fully paid for money advanced an
for such other valuable considerations or Sc
vices as the Board of Directors may deternn
~ provided no stock shall be issued until the col
j, sideratiOn therefor has been actually receive
by the corporation.
N ANY stakeholder may sell, assign ar
transfer his stock in this corporation pr
vided thirty 600 days prior notice OF SAID
tentions to sell. assign or dispose OF the sam
" be given the corporation, and the st0c
ri holders thereof. in the order Ofpreferen'
-, beginning with the largest stockholder' sh'
-N have the first privilege of purchasing u
SIS same: after which thirty 800 days nouc
IT. the said stock may be sold in the open mai
nj ct The stock of this corporation will
transferred under the above conditions, pl
" yided such transfers be made on the books
er the corporation at its office. and on surrend
Ot of the certificates therefor, The Board
IN Directors shall have the right to determine hi
much stock shall be issued.
ARTICLE V.
or, ~ ,,., -, ,,o,,.ars of tho oceocioti
shall be vested in a board of five drecto
| consisting of the President, the Vice-Presldt
al and the Secretary and two stockholders TN
members of the said Board of Directors ST
constitute a quorum for the transaction
lou business and their decisions Shall be valid
porate acts. The following persons shall
stitute the first Board of Directors: John
Irvine T. G. HOchenedel, G. M. Lester. e.
Lee and GO. Rettig. No person shall be
gbe for director or an officer who is no
stakeholder of this association. The abe
named Board of Directors shall continue in
fee until the first Monday in Febru
'n''' 1909 on which date and annually the
VIII after, q Board of Directors shall be cleo
ieS" unless said day shall be holiday, then the
nio' election shall be held on the next legal
ice thereafter. Members of the Board of Dire
ILL., ors shall hold office until their successors
Vi elected and qualified. Notice of election S
pro. be given by at least ten days publication
Vi mediatey preceding said election. in a ne
uiSf paper published in the Parish of West Fe
''i'' ana and the Board OF Directors Shall app
the one or more stockholders to preside at sue
vi commissioner or commissioners, In the eH
pro' of the failure of any commissioner or com
co sionerS to attend the President shall by
pointment fill the vacancy Any failure I
us any cauSe whatever TO elect directors on