Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1909-11-05
ACT .. ...c SoaAGsoN
OF THE s~-~-
PROGRESSIVE COMPANY, Ltd.
STATE OF LOUISIANA,

STATE OF LOUISIANA, !
PARISH OF TRNsAs.
BE 1T KNOWN that on this 18th day OF
October 1909, before me, Louis Buckner, .
Notary Public, duly commissioned and quail
flied in and for the Parish CT Tensas, and
peared Adolph Elgatter. a resident Of the
Parish of East Baton Rouge, Iouisiana, and
DIR. Alfred Jacoby, a resident OF the Parish
resident of the said Parish of Tensas, Louis
lana, who declare to me, said Notary, that
they do hereby form corporation under the
laws of the State of louisiana for the pur-
poses and objects and under the agreements
and stipulations hereinafter set forth, to-wit:
ARTICLE /.
The name and style of this Corporation
shall be 1.-THE PE0GRES COMPANY,
LIMITED and by this name IL shall have
power and authority to exist and enjoy sue
cession for the full term of Ninety nine 1897
years from this date.
ARTICLE II.
The objects aud PURPOSES for which this
corporation H. form l Ca. -ure Of
business TO be CARR "a O., ~ II is hereby
declared to be, to sell aud buy at retail or
wholesale such general articles and mer-
chandise as is ordinarily carried In a general
store. such as clothing, dry goods, shoes,
hardware, and the like, and for that purpose
to purchase or rent such real estate and
buildings may be necessary, TO name and
appoint such managers. officers or agents as
the business of the same may require, and
to make all necessary bylaws, rules and
regulations for the government of the AFFAIRS
of the company, and to do all other things
to successfully carry on the said business.
The domicile of this company shall be In
the town of Newellton, in the State OF Louis
! lana, and all citation and other legal pro-
ceeding shall be served on the President OF
ARTICLE III.
The capital stock of this corporation II
hereby fixed at the sum of Seven Thonsand,
Five Hundred Dollars, divided into Seventy
Five shares of One Hundred Dollars each.
And this corporation shall commence ,busi-
ness as soon as the whole OF the capital STOCK
shall have been subscribed. Its business
shall be managed by general manager who
shall be elected by the Board Of Directors.
All transfers of stock shall be made on the
books of the company by the stakeholder or
the duly authorized agent in fact OF the said
stakeholder.
| All of the corporate powers of this corpora
| ton shall be vested in, and exercised by the
Board of Directors. a majority of whom shall
constitute quorum for the transaction OF
all business. They shall make all bylaws,
rules and regulations for the government OF
the business and affairs of the company, and
alter amend and change the same at pleas
ure. They shall fill all vacancies which may
| occur in said Board from death, resignation
| or other cause.
| The said Board of Directors shall elect ut
their first meeting, and annually thereafter,
General Manager, who shall have power to
make all contracts for the said corporation,
purchase all goods, institute all suits In the
| name of the corporation, and TO compromise
and adjust all disputes and litigation into
which the said corporation may be involved,
to hire and discharge all agents and clerks
and other employees and to fix their salaries,
and to do and perform all things necessary
| in the transaction of the business and AFFAIRS
! of this corporation. The said manager IL TO
be subject TO removal at any time on the vote
of majority of the Directors.
The first Board of Directors OF this corpor-
alton shall consist of DR.. Alfred Jacoby,
Treasurer and Adolph Elgutter, who shall
hold their office until the first Monday OF Oc-
tober, 1910, or until their successors have
been duly elected and qualified. On the nrst
Monday of October, 1910, and annually there
after, an election for directors shall be held
at the office of the company, and the Direct
Ors then elected shall take their seats imme-
diately and shall hold the same until their
| successors shall be duly elected and quail
flied. Each Board shall appoint its own OF:
,fcers. All of the corporate elections snail
be by ballot and majority OF the stock pres
ent or represented shall elect, and each share
of stock shall be entitled to one vote, 70 be
| cast by the holder thereof or by his proxy,
authorized in writing. Notice OF such cleo
| ton shall be given TO each stockholder In
writing by the Secretary at least ten days
before election, which shall be sent by mail
directed to each stakeholder. Any failure to
elect directors on the day specified shall not
! in any manner invalidate this CHARTER, Dut
| the Directors in Office shall continue 70 hold
| their seats until their SUCCESSORS are elected
! and qualified, but another election may De
| held at any time thereafter after ten days
notice in writing to each stockholder and
publication for ten days prtor,to said election
In newspaper published in the town OF st.
Joseph, Louisiana:
whenever this corporation Is dissolved
either by Limitation of its charter or other
wise, its affairs shall be liquidated under the
superintendance of the stockholders OF the
company. The said liquidators shall remain
| in Office until the affairs OF the said corpora
ton shall have been finally closed and ligui-
dated.
/ rrl<g no oho al np
amended, or this corporation dissolved with
the assent of majority of the stock at reg.
| ular meeting of the stockholders convened
A., for the purpose after thirty days notice IN
newspaper published in the town OF st. Jo-
| seph, La, by three publications thereof and
| by written notice to the stockholders.
! ARTICLE VII.
The President may in his discretion and
| shall upon the written request OF any two
| stockholders of this corporation, call Q
special meeting of the stockholders OF this
corporation, notice thereof shall be gived In
writing by the Secretary to each OF the stock
| holders OF the corporation.
ARTICLE VIII.
! No stakeholder shall be held liable or re-
| spOnsible for the contracts or faults OF this
company In any further sum than the unpaid
balance due to the company on the shares
owned by him. Nor shall any mere INFORMAL
| ity In organization have the effect OF render.
| ing this charter null, nor exposing any stock.
holder for any liability beyond the amount
| of his stock.
| ARTICLE TX.
Under the above entitled name and for the
| above expressed purposes the said CORPORA
shall have the power to sue and be sued, 70
| make, have and use common seal, with sucn
devices and descriptions as they deem prop
| er, and the same to break alter and amend a.
they may desire.
| In testimony whereof the said parties have
hereunto signed their names In the presence
| of Chas KOhn and w. w. Middleton, COM
petent witnesses. who sign these presents
with the said parties and me the said Notary
on the day and date first herein written.
A. Jacoby, M. D., Ten (10l Shares.
i L. de Vries 800. Fifteen ll5) shares.
Adolph Elgutter o.. Fifty 1907 Shares.
-. w. W. MIDDLETON,
ATTEST CHAs. KoHN, JR.
TnTTTG pTrnLNER Nofarv puhlfQ-