The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1909-02-06
c. II A r II E r
OF THE
CentreyiIIe Mercantile Co..
LIMITED.
STATE OF LOUISIANA, I
PARISH ST. MARY,

| lie, in and for the Pari-h of st. Mary.
state of Louisiana, duly commissioned
! and qualified, and in the presence OF the
/ witnesses here inafter named and under
signed. personally came and appeared the
several persons whose names are hereunto
subscribed, who severally declare that
| availing themselves of the laws OF the
state of Louisiana. in such cases made and
provided, particularly Act No. - OF the
| General 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 well as such persons
As may hereafter become associated win
them. to form and constitute corporation
for the Objects and purposes, and under
| the articles and stipulatiOns, to-Wlt:
ARTICLE I.
The name of the said corpora ton shall
he, "CENTREVILLE MERCANTILE
COMPANY, LIMITED" and under the
said corporate name it shall have power
for the full term and period OF ninety nine
years from and after the date hereof, TO
make contracts, sue and be sued, to make
and use corporate seal, and the same 10
break or alter at pleasure, to hold, receive,
lease, purchase and convey, as well as
mortgage and hypOthecate property real,
person Il and mixed, to name and appoint
GERS as its business or interests or conven-
fence may 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
ton as may be necessary and proper.
ARTICLE III.
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 absence upon the Vice
President, and in the absence OF both
these officers, upon the secretary treasurer
of the said corporation.
ARTICLE Ill.
The objects and purposes for which this
corporation is established, and the nature
of the business to be carried on by it are
declared to be to purchase. own. sell.
mortgage. ALLEVIATE, lease. receive and ac-
quire property, real, personal ant mixed,
and to carry on a general merchandise,
grain and drug business by wholesale and
retail, and to do and perform any and an
things germane and pertinent to the said
business which may in any way advance
the interests of the said corporation.
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at fifteen thousand (Sl5.lW0)
dollars, divided into three ot3oO) hundred
shares Of fifty t$50.0O dollars each. lhe
capital stock aforesaid may be increased
by vote of the stockholders owning ma
jnrity of all the stock of the said corpor-
alton at a meeting called especially for
that purpose in the manner provided by
law. No transfer If stock of this corpor
alton shall be binding upon the corpora
ton until transfer of same is made on the
books Of tue SAID corporation Any trans
fer of stock made by the owner thereon
may be made by the mere delivery OF the
stock itself, and the holder of any portion
of tbs stock of the said corporation shall
be accredited as the owner thereof unless
the contrary should appear. and shall be
paid for before issued. stock shall be
paid ~or as called for blythe board OF di-
rectors.
ARTICLE v.
All the powers of this corporation shih
be vested ia and exercised by board OF
directors to he composed of five stock
holders, to be selected annually On the
third w ednesday in January in each year,
beginning on Wednesday, January 18TH,
1910. All such elections to be by ballot,
and 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
to be cast In person or by
proxy, and majority shall elect, and of
which election ten Dob 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 we'll as alter
and amend, any and all bylaws, rules and
regulations, necessary for the support and
of the business and affairs of
the corporation, and have full power and
authority to 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.
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. o.
This act of Incorporation may be madi- |
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 after ten (h) days written notice |
to each stakeholder Of record.
ARTICLE VII.
Whenever this corporation is Dissolved |
either ~ limitation or otherwise, it's
affairs shall be liquiia,ed, and under the
supervision of one ~ liquidatlng commits
sioner, to be appointed for the purpose
from among the stockholders CT the cor
poration. i'd general meeting called for
The purpose, convened after thirty (30) |
DAYS published notice in one or more news
papers published in the town of Franklin,
La, and written notice to each stakeholder
Of record, ten u0) days previous to such
meeting and the assent Of three -fourths of
the sack represented at such meeting and
the compensation of the said commissioner
shall be liked ut the meeting at which be
Is chosen. Any vacancy occurring froin
any cause whatever shalI be filed by a
special meeting called after ten 1O) days
written notice to each stockhOlder OF
record, and the assent of three -fourths of
The stock represented at such meeting.
ARTICLE VIII,
No stakeholder shall ever be held liable
Dr. responsible for the contracts or faults