The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1909-03-13
CHI A r r E r
OF THE
Centreyille Mercantile Co.,
LIMITED.
STATE OF LOUISIANA. I


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 ct No. 70 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 and
bind themselves, as well as such persons
smay 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 corpor ton shall
be. "CENTREVILLE MERCANTILE
COMPANY, LIMITED" and under the
said corporate name it shall have power
and authority to have and enjoy succession
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 a corporate seal, and the same to
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
such managers, agents, directors and off,
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 IL.
2. 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
of h,c ahsen
President, and in the absence Of both
these officers, upon the secretary -treasurer
of the said corporation.
ARTICLE III.
EThe objects and purposes for which this
corporation is established, and the nature
of the business to be carried on by 1t are
declared to be to purchase. own. sell,
mortgage. ALLEVIATE, lease, receive and ac-
quire 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 w.
The capital stock of this corporation is
hereby fixed at fifteen thousand ($15.0OO)
dollars, divided into three (3O0) hundred
shares of fifty ($50.00) dollars each. The
capital stock aforesaid may be increased
by vote of the stockholders owning ma
iOrity 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 b. the owner thereof
may 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 shall be
paid for before issued. Stock shall be
paid for as called for by the board of d.
rectors.
AAll the powers of this corporation shall
vested in and exercised by a 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 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
corporation, to be cast in person or by
proxy, and a majority shall elect, and of
which election ten Q0) 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
"
such election. The board of directors
shall make and establish, as well as alter
and amend, any and all Dy 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 |
cages, and also to issue and deliver full
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-
al.y received by the corporation.
The officers of this corporation shall be a
president, vice president, secretary and
treasurer. and the offices of secretary and
treasurer may be filled by one and the |
same person.
ARTICLE vi.
This act of incorporation may be modi- |
fed, changed or amended or altered, or |
the said corporation may be dissolved with |
the assent ofa three-fourths of the stock |
represented at meeting called for the |
purpose after ten (10) 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 |
supervision of one az liquidatlng commits |
sioner, to be appointed for the purpose /
from among the stockholders OF the cor
poration. at general meeting called for
the purpose, convened after thirty (30) |
DAYS published notice in 0neor more news
papers published in the townIof Franklin,
La. and written notice to each stockholder
of record, ten u0) days previous to such
meeting and the assent d 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
is chosen. Any vacancy Occurring from
any cause whatever shall be filed by a
special meeting called after ten t10) days.
written notice to each stakeholder of
record, and the assent of three-fourths of
the stock represented at such meeting.
ARTICLE VIII,
No stakeholder shall ever be held liable
or responsible FOR the contracts or faults
cf the said corporation, nor shall any mere
in the organization have the
pfPect Of rendering this charter null or of