The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1909-02-20
CHI A R L E R
OF THE
CentreyiIIe Mercantile Co.,
LIMITED.
STATE OF LOUISA \ A,
r. nrcu ON S1N NARY

lic in and for the Parish OF -: Mary;
State of Louisiana, duly commissioned
aud qualified, and in the presence OF tne
witnesses hereinafter named and under
signed, personally came and appeared the
several persons " hose names are hereuntO
who seyerally declare that,
availing themselves Of the laws OF the
State of Louisiana. in such cases maze ana
provided, particularly Act No. IS OF the
Genel al Assembly of this State of the ses-
sion of 1904, approved July 4th, 1904, they
have contracted and agreed, and do by
these presents covenant and agree ana
bind themselves, as we'll as such persons
as NAV hereafter become associated with
them to form and constitute corporation
for the objects and purposes, and under
the articles and stipulatiOns, tO-wit:
ARTIClEI.
The name of the said corporation shall
be, "CENTkEVILLE MERCANTILE
LIMITED" and under the
said corporate name it shall have power
and authority to have and enjoy succession
for the full term and period of ninety mine
wears from and after the date hereof, to
make contracts, sue and be sued, to make
and use corporate seal, and the same TO
break or alter at pleasure, to hold, receive,
lease, purchase and convey, as well as
mortgage and hypOthecate property real,
personal and mixed. to name and appoint
such managers, agents, directors and ON
GERS as its business or interests or conven-
fence NAV require, to make as well as alter
and amend. such bylaws. rules and regu-
latiOns, for the proper conduct and man
agement of the affairs of the said corpora
tion as may be necessary and proper.
ARTICLE ii.
The domicile of this corporation shall be
in the town Of Centreville, Parish OF st.
Mary. State of Louisiana, and all citations
or other legal process shall be served upon
the President OF the said corporation. or
in event of his abs,nce upon the vice.
President, and in the absence OF both
these officers, upon the secretary -treasurer
of the said corporation.
I ARTICLE Ill.
The objects and purposes for when thls
CORPORATION is established, and the nature
of the business to be carried on by IL are
declared to be to purchase. own. sell.
mortgage. ALLEVIATE, lease. receive and ac-
Guire property real, personal and mixed,
and to carry on a general merchandise,
grain and drug business by wholesale ana
retail. and to do and perform any and all
things germane and pertinent to the sald
business which may in any way advance
the interests OF the SAID corporation.
ARTICLE w.
The capital stock of This corporation Is
hereby fixed at fifteen thousand (S15.0OO)
dollars. ulVIueu INV kcooj huhNASA
shares of fifty (S50.00) dollars each. The
capital stock aforesaid may be increased
by vote of the stockholders owning ma :
iority of all the stock of the said cOrpOr-
alton at a meeting called especially Tor
that purpose in the manner provided by
law. No transfer Of stock OF this corpOr'
alton shall be binding upon the corpora
ton until transfer of same is made on the
books of the said corporation Any trans
- ctn rna1o nv the owner Thereon
NAV be made by the mere delivery OF the
stock itself, and the holder Of any portion
n the stock of the said corporation shall
he accredited as the owner thereof unless
the contrary should appear. and shall be
paid for before issued. stock shall be
paid for as called for by the board of di-
rectOrs.
All the powers of this corporation shall
be vested in and exercised by board OF
directors to be composed OF five STOCK :
holders, to be selected annually on the
third w ednesday in January in each year,
beginning on Wednesday, January l9tb,
1910 A II such elections to be by ballot,
AID each stakeholder shall be entitled to
one vote for each share OF stock standing
in his or her name on the books OF the said
CORPORATION, to be cast In person or by
proxy, and majority shall elect, and of
which election ten (1O) days notice shall
have been given in one or more news
papers published in the town of Franklin,
La. and by written notice to each stock
holder of record, ten full days previous to
such election. The board of directors
shall make and establish, as well as alter
and amend, any and all bylaws, rules and
regulations, necessary for the support ar d
management of the buSiness and affairs OF
the corporation, and have full power and
authority 70 borrow money, execute mort
cages, and also to issue and deliver full
paid shares of stock Of the said corpora
lion at not less than par value, in payment
of labor done or money or property actu-
ally received by the corporation.
j The officers OF this corporation shall be a
president, vice-pres,dent, secretary and
treasurer. and the offices of secretary and
treasurer may be filled by one and the
same person.
ARTICLE vi.
! This act Of incorporation may be modi-
fed. changed or amended or altered, or
the said corporation may be dissolved with
the assent of three-fOurths of the stock
represented at meeting called for the
purpose afser ten &l0) days written notice
TO each stakeholder of record.
ARTICLE VII.
Whenever this corporation is dissolved
either by limitation or otherwise, its
affairs shall be liquidated, and under the
supervision OF one IL llquluatlnS coHlmis
sioner, to be appointed for the purpose
from among the stockholders CT the cor
porarion. at general meeting called for
The purpose, convened after thirty 900
days published notice in one or more news
papers published in the town OF Franklin,
La. and written mott . to each stockhOlder
Of record, ten t10) days previous to such
meeting and the assent of three -fourths OF
the stock represented at such meeting; and
the compensation of the said commissioner
shall be liked ut the meeting at which he
Is chosen. Any vacancy occurring fron
any cause whatever shall be filled by
sps cial L. Getting called afterten tl0) days
written notice to each stockholder or
r.rord. and the assent of thr. e foui tbs of
the stock represented at such meeting.
ARTICLE VIII,
I. No stpckholder shall ever be hei9 liable
or respopsible for the contracts or'fausts
Of the saia corporation, nor shall any mere
,t.nt i'm hnN RtR.,