The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-05-16
CHARTER
OF the John F. Irvine Co.,
Ltd, Bayou Sara, La.
State of Louisiana,

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. Vllleret,
Clerk and ex- officio Notary Public in and for
the said Parish and State. duly commissioned
and qualified, and in the presence of the wit
neSSeS hereinafter named and undersigned,
personally came and appearedt the partieswhose
names are hereUnto subscribed, who declare
that awaiting themselves of the provisions OF
the laws of this State relative to corporations,
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 andconstitute cor
poration and body corporate in law for the
purposes and objects, and under the stipula-
tions. articles and conditions following, oW1t:
ARTICLE 1.
The name and title of this corporation shall
be John F. Irvine Company Limited and it
shall exist and continue for term of fifty
years from date hereof. 1t shall have its doml-
Gle in the Town of Bayou Sara, Parish of
West Feliciana. State of Louisiana: and the
President thereof, Or in his absence the Vice
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
corporate seal, and the same to break and
alter at pleasure. to hold. receive, lease, pur-
chase. sell and convey. as well rs mortgage
and hyp0thecate. 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
venence and interest of said corporation may
require to make and establish such bylaws
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
business to be carried on by it. are hereby de-
cared to be the following, to wit: A general
merchandise, advancing, and commission busi-
ness, the wholesale and retail selling of mer-
chandiSe, groceries and all kinds of supplies,
including the purchase and sale OF agricultu
raj products and live stock, in the said Town
of Bayou Sara. and Parish OF West Feliciana,
and throughout the State of Louisiana and
WI nd to hnf IN I'M MI gan
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 be
Forty Thousand Dollars ($i0.00000) divided into
four hundred shares of One Hundred Dollars
each. and said corporation shall be authorized
to commence business as soon as the shares
shall have been subscribed. The stock shall
be paid for in cash at the time of subscription
or at such times, and upon such notices and
in such amounts as may be fixed by the Board
of Directors. or the same may be issued al not
less than par in payment or in exchange for
property or rights actually received or pur-
chased by said corporation, or the same may
be issued fully paid for money advanced and
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 and
transfer his stock in this corporation pro-.
vded thirty 500 days prior notice of said in
tentionS to sell. assign or dispose OF the same.
be given the corporation, and the stock
holders thereof. in the order ofpreference
beginning with the largest stakeholder shall
have the first privilege of purchasing the
same; after which thirty 600 days notice,
the said stock may be sold in the open mark
ct. The stock of this corporation will be
transferred under the above conditions, pro-
yided such transfers be made on the books of
of the certificates therefor, The Board Of
Directors shall havesthe right to determine how
much stock shall be issued.
ARTICLE V.
The corporate powers of the association
shall be vested in board of five directors,
COuSlSIllS VI tuC t'fcSluenl, inc NlCe-BTcSluGnJ
and the Secretary and two stockholders; three
members of the said Board of Directors shall
constitute quorum for the transaction of
business and their decisions shall be valid cor
porate acts. The following persons shall con.
stitnte the first Board of Directors: John F.
Irvine, F. G. Hochenedel, G. M. Lester e. c..
Lee, and Geo. Rettig. No person shall be eli
gible for director or an officer who is not q
stakeholder of this association. The above
named Board of Directors shall continue in Of
fee until the first Monday in February
1909 on which date and annually there
after, u Board of Directors shall be elected
unless said day shall be holiday, then the said
election shall be held On the next legal day
thereafter. Members of the Board of Direct
ors shall hold office until their successors are
elected and qualified. Notice of election shall
be given by at least ten days publication i'm
mediately preceding said election. ia q news
paper published in the Parish of West Felc
ana. and the Board of Directors shall appoint
one or more stockholders to preside at such as
commissioner or commissioners. In the event
OF the failure Of any commissioner or commits
RI Oft