St. Landry clarion. (Opelousas, La.) 1890-1921, 1909-11-20
CHARTER OF THE
FARMERS UNION SUNSET MERCANTILE
CO., LIMITED.
aTATE OF LOUISIANA,

KRYVa II NOLBIY 0DAAN La "
parish and State duly commissioned
qualified and sworn and in the presence
0f the witnesses hereinafter named AM
undersigned, personally came n ap
reared the persons whose names arr
hereinafter subscribed, all oflawful age.
who severally declared that awaiting
themselves of the provisions OF an aci
of the Legislature OF this state knoWi
as Act No. So of the session OF 1855, a.
well as those Of the general laws of Thu
State relative to the organization OF
corporations they have formed and or
ganized, and by these presents do form
and organize themselves into q corpora
ton for the objects and purposes u
under the stipulations and agreements
hereinafter set forth, which they adopt
rs their charter to-wit:
ARTICLE 1.
The name and style of this corpora
ton shall be The Farmers Union sun
set Mercantile Co., Limited.
It shall have its domicile in Sunset,
Parish of st. Landry, La, and shall have
continuance and succession under lit
corporate name and style for and during
q period of ninety-nine years, unIes,
sooner dissolved by the action of it,
stockholders owning q majority OF the
capital stock.
ARTICLE II.
The object and purposes for which
this corporation is established and the
nature of the business intended to bt
conducted and carried on by it are here
by declared to be to conduct and trans
act in Sunset, st. Landry Parish, Louis
lana, a retail merchandise business, t.
buy and sell merchandise and articles
of trade of every description n to deal
in agricultural products in connection
~uf4 bacYVab hfvGi 1acE II htIU and E1II rice
cotton, potatoes, etc, to make advance
to farmers, and generally to make CON
tracts in any way requisite in or Incl
dental 10 such mercantile business.
ARTICLE III.
The capital stock of this corporation
is hereby declared to be the sum Of
Three Thousand Dollars to be divides
into or represented by six hundred
shares of the sum of five dollars each
which said shares shall be paid for il
such manner, and on such terms as may
be prescribed by the Board of Directors
provided however, that this corporation
may organize and commence business
after not less than Three Hundred Dol
lars in shares of said capital stock shall
have been bona tide subscribed for.
Transfers of stock shall only be made
on the books Of the company, by a stock
holder in person or by proxy, but nont
shall be sold by any stakeholder unless
the said stock shall have first beer of
fered for sale to the other stockholders
at the same price offered to others
through written notice served on tht
President of the company and only the
failure or neglect of the other stock
holders to avail themselves within ten
days of such right of purchase, shall
such stock become transferable.
No certificate shall be issued except
for fully paid up stock.
ARTICLE ".
The business os this corporation shall
be managed and allits corporate powers
shall be vested in a Board of Directors
composed of not more than six stock
holders to be elected annually on the
first Tuesday of November of each year
commencing in 1910. At the first meet
ing in each year said Board shall elect
one Of their members as president, an
other rs Vice-President, another as Sec
rotary, all the officers elected shall be
members of the Board; the secretary
shall also be the treasurer and genera
manager.
AT all elections of directors, the per
sons receiving the votes of the majority
in amount of the capital stock of saiu
company shall be declared and at all
meetings of the Board of Directors the
action or decision of the directors hold
ing a majority in amount of capital
stock OF the company shall prevail,
which shall also constitute q quorum,
but in case of the absence of any direct,
or he shall have power to authorize any
third party TO act in his stead, vote on
all questions and sign all drafts or acts
necessary. the same as were he person
ally present.
Said Board of Directors shall have
authority TO fill all vacancies occurring
in their number or IN their officers by
death or resignation, and shall have full
power to make and establish as well as
change and alter at pleasure all such
bylaws, rules and regulations, for the
support and management of the affairs
of said corporation as they may deem
necessary to borrow money, buy and
sell real estate when necessary in bust
ness, and sell the same, execute mort
cages, make contracts, and do all things
necessary IN the transactions of the
business of the corporation as also to
issue and deliver full paid shares of the
stock and bonds and obligations of said
corporation at not less than par for cash
money received or its equivalent.
ALI checks, drafts, notes and c~ertifi-
Gates of stock shall be signed by each
officer of said Board of Directors.
Ailelections for directors shall be held
at the office of the corporation on the
first Tuesday of November of each year
as aforesaid, under the supervision of
two commissioners, of which election
ten days prior notice shall be given in
writing by the Secretary to each stock
holder.
a failure from any cause to hold an
election for directors on the date above
specified shall not dissolve said corpora
ton, but those in office shall hold over
until their successors shall have been
elected and another election shall be
called or held within ten DAYS prior no.
tice in writing, by mail from the secre-
tary of said corporation having been
given to said stockholders.
The charter may be amended, altered
or changed or said corporation may be
dissolved at any general meeting of the
stockholders, convened after fifteen
days public notice published in one of
the newspapers of this parish at which
meeting the opinion of q majority in
amount of the capital stock of said cor
poration shall prevail and in case of
dissolution of charter being determined
on, by like vote, the stockholders shall
select two stockholders to liquidate and
settle the business and affairs of said
corporation.
In case Of death of either of said COM
misstoners, the survivor shall select
another stakeholder to fill the
The Board of Directors shall declare
dividends annually, or oftsner If they
see MT payable In cash or its equivalent,
when the profits forming the same shall
have been earned.
No stakeholder Of the corporation
shall ever beheld liable or responsible
for the contracts or faults thereof Ia
any further sum than the unpaid bal
on the shares of its capital stock
owned by him, % shall any mere in
formality in organization have tke eff
feet Of rendering this charter null or