The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1909-04-03
CHI A r T E r
OF THE
entreyiIIe Mercantile Co.,
LIMITED.
STATE OF LOUISIANA, I

January. nineteen hundred and nine, be-
fore me Isaac s. Wooster, a Notary Pub
lie, in and for the Parish of st. Mary,
State Of Louisiana, duly commissioned
and qualified, and in the presence OF the
witnesses hereinafter 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. 70 OF the
Genel al 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 and
bind themselves, as well as such persons
as may hereafter become associated with
them. to form and constitute a corporation
for the objects and purposes, and under
the articles and stipulatiOns, to-wit:
ARTICLE 1.
The name of the said corpora ton shall
be, "CENTREVILLE MERCANTILE
COMPANY, LIMITED" and under the
said corporate name 1t shall have power
and authority to have and enjoy succession
for the full term and period OF ninety mine
years from and after the date hereof, to
make contracts, sue and be sued, TO make
and use corporate seal, and the same to
break or alter at pleasure, to hold, receive,
lease, purchase and convey. rs well as
mortgage and hypOthecate property real,
person al and mixed, to name and appoint
such managers, agents, directors and ON
GERS as its business or interests or c0nVen-
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
tion as may be necessary and proper.
ARTICLE III.
Z 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 when THIS
brporatiOn is established, and the nature
III the business to be carried on by 1t are
declared to be to purchase. own. SELL
mortgage. ALLEVIATE, lease. receive and ac-
auire property. real, personal and mixed,
and to carry on a general merchandise,
grain and drug business by wholesale and
retail, and to do and perform any and all
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 (S15OOO)
dollars. divided into three 5000 hundred
shares of fifty (S50.OO) dollars each. The
capital stock aforesaid may be increased
by a vote of the stockholders owning ma
j0rity 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 Of stock of this corpor-
alton shall be binding upon the corpora
ton until transfer of same is made on the
books Of the said corporation. Any trans
fer of stock made by the owner thereof
NAV be made by the mere delivery of the
stock itself, and the holder of any portion
of the stock of the said corporation shall
be accredited as the owner thereof unless |
the contrary should appear, and shalt be |
paid for before issued. Stock shall be |
paid for as called for by the board of di-
rectOrs. |
All the powers of this corporation shall
be vested in and exercised by board OF |
directors to be composed OF five stock |
holders. to be selected annually on the |
third w ednesday in January in each year, /
beginning on Wednesday, January 10Th,
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 |
CORPORATION, to be cast In person or by |
proxy. and majority shall elect, and OF
which election ten (1O) 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 well as alter
and amend, any and all by laws, rules and
regulations, necessary for the support ard
management of the business and affairs OF
the corporation, and have full power and
authority to borrow money, execute mort
o1S 70 dnIiVQr
paid shares of stock Of the said corpora
ton 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
president, vice-presldent, secretary and
treasurer, and the offices OF secretary and
treasurer may be filled by one and the
same person.
ARTICLEVI.
This act Of incorporation may be mod1-
fed, changed or amended or altered, or
the said corporation may be dissolved with
the assent Of hree-fOurths of the stock
at meeting called for the
purpose after ten (lO) days written notice
to each stakeholder of record.
ARTICLE VII.
Whenever this corporation is dissolved
either by limitation or otherwise, its
affairs shall be liquidated, and under the
Of one ID liqGidatlng commits |
sioner, to be appointed for the purpose
from among the stockholders Of the cor
poration. at a general meeting called for
the purpose. convened after thirty $500
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 10y days previous to such
and the assent of three fourths of
the stock represented at such meeting; and
the compensation Of the said commissioner
shall be fixed at the meeting at which he
ii chosen Any vacancy occurring from
any cause whatever shall be filled by a
special meeting called after ten IO) days
written notice to each stakeholder or
record, and the assent of thre -fOurths of :
he stock represented at such meeting.
ARTICLE VIII,
No stakeholder shall ever be held liable