St. Landry clarion. (Opelousas, La.) 1890-1921, 1909-11-27
CHARTER OF THE
FARMERS UNION SUNSET MERCANTILE
co., LIMITED.
STATE OF LOUISIANA,
IRISH OF ST. IANDR'

Of the witnesses hereinafter named and
undersigned, personally came n ap-
peared the persons whose names are
hereinafter subscribed, all oflaWful age,
who severally declared that availing
themselves of the provisions of an act
OF the Legislature of this State known
as Act No. SO of the session of 1888, as
well as those of the general laws of this
State relative to the organization of
corporations they have formed and or
ganized, and by these presents do form
and organize themselves into a corpora
ton for the objects and purposes and
under the stipulations and agreements
hereinafter set forth, which they adopt
as their charter to-wit:
ARTICLE j.
The name and style of this corpora
ton shall be The Farmers Union Sun
set Mercantile Co., Limited.
1T shall have its domicile in Sunset,
Parish of st. Landry, La, and shall have
continuance and succession under its
corporate name and style for and during
a period of n~inety-nine years, unless
sooner dissolved by the action of its
stockholders owning ii majority Of the
capital stock.
ARTICLE II.
The object and purposes for which
this corporation is established and the
wi 1AiHN6E Viz DuSLLlCSe IIbGuuGd W Nc
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, to
buy int sell merchandise and articles
of trade Of every description and to deal
IN agricultural products in connection
with such business to buy and sell 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.
Tie capital stock Of this corporation
is hereby declared to be the sum OF
Three Thousand Dollars to be divided
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 fide subscribed for.
Transfers of stock shall only be made |
on fie books Of the company, by a stock
holder in person or by proxy, but none
shall be sold by any stakeholder unless 4
the said stock shall nave first been Of
feltad for sale to the other stockholders
at the same price offered to others
through written notice served on The
President OF the company and only tht
failure or neglect OF the other stock
holitrs to avail themselves within tel
days OF such right OF purchase, shalt
Such stock become transferable.
A0 certificate shall be issued excep
for fully paid up stock.
ARTICLE ".
The business os this corporation shall
TTturFFng6H a T6 oil Ifc ~ > - L.-Z
pc vested in a Board of Directors
composed of not more han six stock
holders to be elected annually ON the
Tuesday Of November of each veal
commencing in 1910. At the first meet
inG Tia each year said Board shall cleo
9ne "a their members as president, an
other as Viee-President, another as Sec
retar5, all the officers elected shall be
members OF the Board; the secretary
shall also be the treasurer and genera
manager.
AL All elections of directors, the per
receiving the votes of the majority
q amount Of the capital stock of saiu
company shall be declared and at al. (
meetings Of the Board Of Directors the
o decision of the directors hold. 4
ng 4 majority in amount of capital
Itoek OF the company shall prevail,
which shall also constitute a Quorum.
nut ia case of the absence of any direct,
IL he shall have power to authorize any
hlrd party to act in his stead, vote oil !,
~ questions and sign all drafts or acts :
geceseary, the same as were he person :
sIly present. "a
said Board of Directors shall have
althority to fill all vacancies occurring
q their number or in their officers by
.eath or resignation, and shallhaye full
TO make and establish as we'll a.
hange and alter at pleasure all such
ly-laws, rules and regulations, for the !
import n management of the affairs
4 said corporation as they may deem
.eceaaary; to borrow money, buy and
ell real estate when necessary in bust
.esss a sell the same, execute mort-
ages, make contracts, and do all things
eeessary In the transactions of the
usiness of the corporation; as also to
isne and deliver full paid shares of the I
n bonds and obligations of said
at not less than par for cash
loney received or its equivalent. =
All checks, drafts, notes and %certifi
ates Of stock shall be signed by each
1lceE Of said Board OF Directors.
All elections for directors shall be held
/ the office OF the corporation on the
rst Tuesday of November of each year c
j aforesaid, under the supervision OF :
commissioners, Of which election
~ days prior notice shall be given ia
by the Secretary to each stock r
alders
"A failure from any cause to hold an
tor directors on the date above NJ
shall not dissolve said corpora
on but those in office shall hold over
their successors shall have been
and another election shall be
lied or held within ten days prior mo-
Ia writing, by mail from the secre-
ny OF said corporation having been
ven TO said stockholders. n
charter may be amended, altered In
changed or said corporation may be re
ssolved at any general meeting of the St
oekholders, convened after fifteen II
sys public notice published in one of
newspapers of this parish at which
setting the opinion of a majority in
nount Of the capital stock of said cor
aration shall prevail and In case of oc
solution of charter being determined -
by like vote, the stockholders shall r
sect two stockholders TO liquidate and
tile the business nj affairs of said
operation.
ID case Of death of either of said COM
sssionars, the survivor shall select
other stockholder to fill the vacancy.
The Board of Directors shall declare
gidends annually, or oftener if they
nj, payable in cash or it's equivalent,
aen the profits forming the same shall T
ne been earned.
stakeholder of the CORPORATION =
All ever beheld liable or responsible
the contracts or faults thereof in ar
b further sum than the unpaid bal Il
9 On the shares of its capital stock W,
ned by him, nor shall any mere in- st
maIltY in organization have tie eff ST!
I Of rendering this charter null or
posing u stockholder to any liability m
fond the amount of his stock. fiji
k3l citation or other legal process -
III be served upon the President of an
81 nArNHrnkfnn or in nncn nf his L.