St. Landry clarion. (Opelousas, La.) 1890-1921, 1909-12-04
CHARTER OF THE
FAkMERS UNION SUNSET MERCANTILE
CO., LIMETEB.
STATE OF LOUISIANA,
PARISH OF ST ANDRl

PARISH OF ST. LANDRY,
b it known that on this thirteenth
da' of the month of October, in the year
oil ur Lord One Thousand Nine Hum
dr. and Nine, before me, James 0
Pa yv Notary Public In for the above
pa IN and State duly commissioned,
an lifted and sworn and in the presence
of ne witnesses hereinafter named and
un arsi0ned, personally came and APP
PEI, ed the persons whose names are
he ainafter subscribed, all oflaWful age,
wi -, ~severalIy declared that awaiting
tn. snselves of the provisions of an act
of Ie Legislature of this State known
as Net No. SO of the session of 1888, as
we as those of the general laws of this
St re relative to the organization Of
COZ ,orations they have formed and or
ga lzed, and by these presents do form
an organize themselves into q corpora
tic for the objects and purposes q
I'm er the stipulations and agreements
he -inafter set forth, which they adopt
as Heir charter to-wit;
ARTICLE I.
7 ne name and style of this corpora
ito shall be The Farmers Union sum
set Mercantile Co., Limited.
IL shall have its domicile in Sunset,
Parish of st. Landry, La, n shall have
continuance and succession under It's
COZ 1orate name and style for and during
a leriod of ninety-nine years, unless
sotner dissolved by the action of its
sto .kholders owning a majority OF the
cal ital stock.
8 ARTICLE II.
lac object and purposes for which
thjs corporation is established and the
ma ure of the business intended to be
cor Quoted and carried On by it are here
by ieclared to be to conduct and trans
act in Sunset, st. Landry Parish, Louis
ial 4, retail merchandise business, to
bn and sell merchandise and articles
of trade of every description and to deal
in agricultural products in connection
wi ii such business tn buy and sell rice,
cotton, potatoes, etc, to make advances
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 in
snch manner, and on such terms as may
be prescribed by the Board of Directors,
provided however, that this corporation
may organize and m business
after not less than Three Hundred Dol
la in shares of said capital stock shall
have been bona tide subscribed for.
Transfers of stock shall only be made
on the books OF the company, by q stock
holder in person or by proxy, but none
shall be sold by any stockholder unless
the said stock shall have first been of
fered 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 the
failure or neglect of the other stock
holders to avail themselves within ten
days Of such right of purchase, shall
such stock become transferable.
No certificate shall be issued except
for fully paid up stock.
ARTICLE ".
The business os this corporation shall
be managed and allits corporate powers
shall be vested in o Board of Directors
composed of not more than six stock
holaers to be elected annually on the
first Tuesday of November of each wear
commencing in 1910. At the first meet
Ing i'll each year said Board shall elect
one of their members as president, an
other as Vice-President, another as Sec
rotary, all the officers elected shall be
members of the Board; the secretary
shall also be the treasurer and general
manager.
Al all elections of directors, the per-
SOILS receiving the votes of the majority
In amount Of the capital stock of said
company shall be declared and at all
meetings of the Board of Directors the
action or decision of the directors hold
ing . majority in amount Of capital
stock e The company shall prevail,
which shall also constitute a Quorum
but in case of the absence of any direct
or he shall have power to authorize any
third party to act in his stead, vote on
all questions and sign all drafts or acts
necessary, the same as were he person
ally present.
said Board of Directors shall have
authority to fill all vacancies occurring |
In their number or in their officers BY |
death or resignation, andshall have full
power TO make and establish as well as
change and alter at pleasure all such
bylaws, rules and regulations, for the
support and management of the affairs
OF Said corporation as they NAV deem
necessary; to borrow money, buy and
sell real estate when necessary In BUSH
ness n sell the same, execute mort
cages, make contracts, and do all things
necessary IN the transactions of the
business of b corporation as also to
issue and deliver full paid shares of the
stock n bonds and obligations of said
corporation at not less than par for cash
money received or its equivalent.
All checks drafts, notes and certifi-
Gates OF stock shall be signed by each
officer of said Board OF Directors.
Alleleetions for directors shall be held
at the office of the corporation ON the
flrst Tuesday OF November Of each year
aforesaid, under the supervision of
two commissioners, of which election
ten days prior notice shall be given in
writing by the Secretary to each stock
A failure from any cause to hold an
for directors on the date above
specified shall not dissolve said corpora
but those in Office shall hold over
until their successors shall have been
and another election shall be
or held within ten days prior no.
tice in writing, by mail from the secre-
tary OF said corporation having been
given to said stockholders.
The charter may be amended, altered
or changed or said corporation may be
at any general meeting of the
convened after fifteen
days public notice published in one of
the newspapers OF this parish at which
meeting the opinion of u majority in
amount Of the capital stock of said cor
poration shall prevail; and in case of
dissolution OF charter being determined
by like vote, the stockholders shall
select two stockholders to liquidate and
'ettle the business II affairs of said
Lii case of death Of either Of said com
n~issioners, the survivor shall select
stockhoider to fill the vacancy.
The Board OF Directors shall declare
annually, or oftener ii they
zee fit, payable in cash or it's equivalent,
when the profits forming the same shall
been earned.
No stakeholder of the corporation
hall ever beheidsliable or responsible
or the contracts or faults thereof in