Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1909-10-29
ACT o. INCORPORATION
or THE
PROGRESSIVE COMPANY. lS6.
STATE OF LOUISIANA, !.

| $3.50
STATE OF IoursiAHx.,
N n Known tina. ro O sSi g Ia s a. 4
0ctoosrs 1899, before me. Louis bpeknSf, 8
Notary Public, duly commissioned and 0lal-
med In and for the Parish Of Teneas, and
peared Adolph Elgutter, q resident of tie
Parish of East Baton Rouge, Louisi4na, and
Dr.. Alfred yacoby, resident Of the Parish
aresident Of the said Parish Of fensas, Louis.
lana, who declare to me, said Notary that
they DO hereby form q corporation u4dsr the
poses and objects and under the agfssnests
and stipulations hereinafter set forth, to- wit:
ARTICLE l.: &
Be iRd ss5s q cS2RaS
LIMITED and by this name Il shail have
power and authority to exist and enjoy sue.
csss S. Tor the full term Of Ninety-nlne tss)
ARTICLE -
The objects and purposes for which this
corporation Is formed, and the nature OF
business TO be carried on by IL IN hereby
Wholesale such general articles and mer.
chandise as Is ordinarily carried In q renersl
store, such as clothing, dry Eoods, shoes.
to purchase or rent :ucS real ' ssstse p ssS
buildings as may be necessary, 70 name and
appoint such managers, officers or agents e.
to make ali necesssry %hy .s' raIs ana
regulations for the government Of the sasirs
OF the company, and 70 do all other things
70 rs carr, H. on the said ngsinsss
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. st
The capital stock of this corporation n
hereby nxed at the sum of Seven Thousand,
Five Hundred Dollars, divided into Seventy
nT nm ~oA n<llA
And this corporation shall commence busi-
ness as soon as the whole of the capital stock
shall have been subscribed. Its business
shall be elected by the Board Of Director.
All transfers of stock shall be made on the
books OF the company by the stockholdsr or
the duly authorised agent In fact OF the said
ARTICLE ~.
All Of the corporate powers Of this corpora.
ton shall be vested In, and exercised by the
constitute . quorum for the transactios Of
all business. They shall make all by.lavs,
rules and regulations for the eovernment Of
alter, amend and change the same at pleas
ure. They shall all all vacancies whick nay
occur In said Board from death, resigaation
The sid Board of Directors shall elect n
their nrst meeting, and annually thereafter,
, General Manager, who shall have power to
purchase all goods, institute all suits IN the
name Of the corporation. and to conproniss
md adjust all disputes and litigation. Into
10 hire and discharge all agents and clerks
md other employees and to hx their sa1aries,
and TO do and perform all things necessary
of this corporation. The said manager IL to
Dc subject 70 removal at any time on the vote
of majority Of the Directors.
Ition shall consist Of DR.. Alfred Jscoby,
2 President, L. De vries, ~ Secretary and
Treasurer and Adolph Elguttef, whos shall
ober. 1870. or until their successofs have
zen duly elected and qualified. On the nrst
Monday Of October, 1910, and annually there
{ the once Of the company, and the Direct
,rs then elected shall take their sests imme-
lately and shall hold the same until their
asd. Each Board shalt appoint its own Of.
lcers. All Of the corporate elections shall
70 BY ballot and . majority OF the stock pre9-
4 stock shall be entitled to one vote, 70 b
ast by the holder thereof or by his proxy,
authorised In writing. Notice OF such elee-
'ritins by the secretary At least Ten days
'efore election, which shall be sent By nail
Erected to each stockholder. Any fstisFe to
any ssi sRs csr sSs
he Directors In once shall continue % hold
heir seats until their SUCCESSORS are elected
cid At any time theresfter after ten days
office in writing to each stockhoider aud
ublication for ten days prior to said election
: 2 newspaPsr published In the town Of %.
whenever this corporation II dissolved
ither by limitation Of its charter or other.
o. the q &:
ompany. The said liquidators shall remain
, once until the AFFAIRS Of the said corpora.
lon shall have been finally closed and hgui.
ARTICLE vi.
This charter may be changed, nodded or
or this corporation dissolved With
e assent Of majority q the stock -
Dr. the purpose after thirty days notice In .
swspaper published in the town of %. Jo-
spn, Ia, ny three puoiicstiScns thereof aad
ARTICLE VII.
The President may in his discretion aad
hall upon the written request OF any two
.ockhLlders of this corporation, call
pecial meeting of the stockholders Of this
orporation, notice thereof shall BE- gfvod In
riting by the Secretary to each Of the stock
olders OF the corporation.
ARTICLE VIII.
No stockholder shall be held liable or re-
ponsible for the contracts or faults Of this
dance due to the company on the shares
wned BY him. Nor shall any mere Informal
y in organization have the effect Of render
older for any liability beyond the snosas
ARTICLE TX.
Under the above entitled name and for the
hsv Ss pope TO and Sc
AXE, have and use common seal, with such
evices and descriptions as they deem prop
:, and the same to break alter and amend -
II testimony whereof the said parties have
ereunto signed their names n the presence