The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1909-03-27
CHI A r L E r
OF THE
CentreyiIIe Mercantile Co.,
LIMITED.
STATE OF LOUISIANA,

lie, in and for the Parish OF II. 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 " hose names are hereunto
subscribed, who severally declare that,
ayailng themselves of the laws OF the
State Of louisiana in such cases made ana
provided, particularly Act No. - or the
General Assembly of this State of the ses-
sion of 1904, approved july Attn, 1914; they
have contracted and agreed, and DO by
these presents covenant and agree and
bind themselves, as well as such persons
as NAV hereafter become associated with
them. to form and constitute a corporation
for the objects and purposes, ana under
the articles and stipulations, to-wlt:
ARTICLE |.
The name of the said corporation 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-nln
wears from and after the date hereof, to
make contracts, sue apd 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 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
ton as may be necessary and proper.
ARTICLE ii.
L The domicile of this corporation shall be
the town of Centreville, Parish OF St
Nv. State of Louisiana, and all citations
(her legal process shall be served upon
president of the said corporation. or
ia event Of his absence upon the Vice
these officers, upon the secretary. treasurer
of the said corporation.
ARTICLE Ill.
2 The objects and purposes for which this
corporation is established, and the nature
of the business to be carried on by ii are
declared to be to purchase. own. sell.
mortgage. ALLEVIATE, lease. receive and ac-
0uire property, real, personal and mixed,
and to carry on 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 (S15.000)
dollars, divided into three (3OO) hundred
shares Of fifty ($5O.00) dollars each. The
capital stock aforesaid may be increased
nv a vote of the stockholders owning a ma
iOrity of all the stock Of the said corpor-
alton 1T a meeting called especially TO-
that purpose in the manner provided by
law No transfer Of stock OF this corpor.
ation 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 shall be
paid for before issued. stock shall be
paid for as called for by the board of d.
rectors.
All the powers of this corporation shall
be vested in and exercised by board OF
directors to lie 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 bis 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 uO) 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 bylaws, 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-
ally received by the corporation.
The officers of this corporation shall be
president, ice-presIdent, 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 modi-
fed, changed or amended or altered, or
the said corporation may be dissolved with
the assent of three fOurths of the stock
represented at a meeting called for the
purpose after ten u0) 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 % liquidatlng commits
sioner, to be appointed for the purpose
from among the stockholders CT the cor.
p0ration. at a 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,
a.. and written notice to each stakeholder
If record, ten (10) days previous to such
meeting and the assent of three -fourths Of
he stock represented at such meeting; and
he compensation OF the said commissioner
hall be fixed at the meeting at which be
s chosen. Any vacancy occurring from
my cause whatever shall be filed by a
pc cial h.eeting called after ten (l0) days.
written notice to each stakeholder of
ecord, and the assent of three -fourths Of
he stock represented at such meeting.
ARTICLE VIII,
No stakeholder shall ever be held liable
j responsible for the contracts or faults ,
I the SAID corporation, nor shall any mere
NJ lity IN the 1rPauizafion have tho