The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-05-23
CHARTER
OF the John F. Irvine Co.,
Ltd, Bayou Sara, La.

State of Louisiana,
Parish of West Felcana.
BE it known that on this 18th day of March |
in the year of our Lord One Thousand Nine
Hundred and Eight. before me, A. Nllleret'
Clerk and ex-ol1icio Notary Public in ana 1or
the said Parish and State duly commissioned
and qualified, and in the presence OF the VII
nesses hereinafter named and undersigned
personally came and appeared the parteSWhoSe
names are hereunto subscribed who declare
that awaiting themselves OF the provisions Vi
the laws of this State relative to corporatlohs'
and especially, of Act No 80 of 1888 of the Gen
eral Assembly of the State of Louisiana, they
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 andconSCtute a cor
poration and body corporate IN law 1of the
purposes and objects, and under the stlpula-
tions articles and conditions following, toy wit;
ARTICLE l.
The name and title of this corporation shall
be John f. Irvine Company Limited ana IL
shall exist and continue for term OF h1tE
wears from date hereof 1t shall have its doml-
Gle in the Town of Bayou Sara, Parish OF
West Feciana State of Louisiana; and the
President thereof or in his absence the wee
President thereof shall be the pepper person
or officer upon whom all citations all legal
process shall be served.
ARTICLE II.
This corporation shall have the power TO
| contract. sue and be sued, to make and use u
corporate seal and the same to break ana
alter at pleasure. to hold, receive. lease pnr-
chase, sell and convey, as well as mortgage
and hypOthecale under the corporate name
property, both real and personal, to borrow
and lend money to give and receive securities
therefor to name and appoint such officers
managers, directors and agents. as the con
yenience and interest Of said corporation may
require; to- make and establish such bylaw"
and rules and regulations for said corporation
as may be necessary and proper, and the same
to alter and amend at pleasure.
ARTICLE III.
The objects and purposes for which this
corporation is organized. and the nature OF the
|
clared to be the following, to wit: A general
merchandise, advancing, and commission bust
ness, the wholesale ana retail selling of mer'
chandiSe groceries and all kinds OF supplies
| including the purchase and sale OF agflcnltA
raj products and live stock. in the said Town
of Bayou Sara, and Parish OF West Feliciana,
and throughout the State of Louisiana and
elsewhere, and to that end to buy and SELL ad
vance and supply direct and on commission
and generally to do all things rs is usually Incl
dent and purtenant to such business.
ARTICLE1V.
The capital stock of this corporation shah be
Forty Thousand Dollars ($i0,090.00) divided into
four hundred shares OF One Hundred Dollar,
each, and said corporation shall be authorized
to commence business as soon as the shares
shall have been subscribed. The stock sinai
be paid for in cash at the time of Subscription
or at such times. ana upon such notices, anC
in such amounts as may he fixed by the BOar(
of Directors or the same may be issued at moi
less than par in paym 3nt or in exchange foI
property or rights ACTUALLY received, or pur
chased by said corporation, or the same ma!
be issued fully paidfor money advanced. anc
for such other valuable considerations or ser
vices as the Board of Directors may determine
provided no stock shall be issued until the con
Sideration therefor has been actually received
by the corporation.
Any stakeholder may sell. assign ant
transfer his stock in this corporation pro
vidcd thirty (}0) days prior notice of said in
tentons to SELL assign or dispose Of the same
be given the corporation, and the stock
holders thereof, in the order ofpreferenct
beginning with the largest stakeholder, shall
have the first privilege of purchasing tn,
same; after which thirty 600 days notice
J the said stock may be sold in the open mark
ct. The stock of this corporation will b.
transferred under the above conditions, pro
Yided such transfers be made on the books o
the corporation at its office, and on surrende
of the certificates therefor, The Board o
Directors shall have the right todetermne hov
much stock shall be issued
ARTICLE V.
The corporate powers of the association
shall be vested in board OF five directors
| CUlSlSIlLlS vi IlC ICSlutnti VIC NItC-I
and the SECRETARY and two stockholders three
members of the said Board Of Directors shal
constitute a quorum for the transaction o
business and their decisions shall be valid cor
porate acts. The following persons shall con
Stitute the first Board of Directors; John
, Irvine. f. 6. HOchenedel, G. NJ. Lester. e. c
Lee, and GEO. Rettig. No person Shall be eli
gible for director or an officer who is not
, stakeholder of this association. The abov,
named Board of Directors shall continue in Of
flee until the first Monday in Februar
1909, on which date and annually there
after. q Board of Directors shall be electet
unless said day shall be q holiday, then the sal,
election shall be held on the next legal da
thereafter. Members of the Board of Direct
ors shall hold Office until their Successors ar,
elected and qualified. Notice of election shal
be given by at least ten days publication i'm
mediately preceding said election. in Il news
paper published in the Parish of West Felici
ana, and the Board of Directors shall appoin
one or more stockholders to preside at such q
commissioner Or commissioners, In the even
of the failure of any commissioner or commits
si0ners to attend. the President shall by ar