Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-04-15
ACT OF INCORPORATION
or THE
cUllEY GROCERY CoMPANY,l Ltd
STATE OF LOUISIANA,


duly commissioned and qualified, and in
the presence Of the undersigned compe-
tent witnesses, personally came and APP
peared the several persons, whose names
are hereto subscribed, and declared that,
availing themselves of the provisions OF
the law of the State of louisiana in such
cases made and provided, they hereby
contract and agree, and by these presents
do bind themselves and such persons as
may hereafter become associated with
them, to form and constitute corpora
ton and body polite in law, for the pur-
poses and objects, and under the agree
ments and stipulations following, to-wlt:
ARTICLEI 1.
The name and style OF this corporation
shall be "GULLEY GROCERY CO.,
LIMITED" and by said name the said cor
poration shall exist and enjoy succession
for the full term of Ninety-nine (99)
years from this date.
ARTICLE ii.
The objects and purposes for which
this corporation is formed, and the nature
of the business to be carried on by it, are
declared to be: To sell and buy, at retail
or wholesale, all such general articles and
merchandise AZ are ordinarily and gen.
orally carried in wholesale grocery and
produce business; also to buy or sell
groceries and articles of produce, such
as cotton, grain, hay, and the like,
on commission, and for that purpose
| and to thai end said corporation shall
have power to contract, sue and be
| sued in its corporate name, tbmake and
| use q corporate seal, to hold, receive,
purchase, convey, and lease under its
corporate name, proparty both real and
personal, to borrow money, 10 incur liza
bility, and to represent the same by issu-
ing promissory notes, and to secure pay
ment thereof by mortgaging, ehecting,
and hypothecating all or any part OF its
immovable property, or by pledging such
Of its property as..may be suggested there
70; to name and appoint such managers,
directors, and officers as its convenience
| or interest may require, to make and es-
tablish such bylaws for the propss pasn-
agemSpt and regulation of the affairs Of
said corporation a. may be necessary and
proper, and generally 70 do such other
| thinas as are lawful for corporstions to
do under the constitution or laws now
existing, or whieh may hereafter be en-
| acted.
| ARTICLE III.
The domicile OF this corporation shall
| be in the Town of st. Joseph, Parish OF
, Tensas, and State of Louisiana.
ARTICLE ".
The capital stock OF this corporation is
| hereby fixed at the sum OF FIFTEEN
THOUSAND DOLLARS, ISIS, 0W. 0O),
divided into one hundred and fifty shares
of One Hundred Dollars each, and this cor
poration shall commence business as soon
as eighty shares of the capital stock shall
have been subscribed and paid in, pay
ment for the shares oil stool to I've made
al the time they are subscribed for. All
| traDsfers of stock in this corporation shall
be made oar the books Of the corporation
by the STOCKHOLDERS himself, or by t.. G
agent IN fact CT said stakeholder, duly
authorized thereto in writing.
ARTICLE V.
The officers of this corportion shall he
President, a Vice President, Secretary,
and Treasurer, but the same person
may be elected TO ill the Offices. Of Score
tary and Treasurer.
Citation and all legal process shall be
served on the President, or, in Gaze OF
his absence or inability to act, on the
Vice President, or, in the case Of the alb
sence or inability to act of both, upon
the Secretary of the corporation.
The Board of Directors hereinafter pro-
vided for shall have power to appoint
such other agents. employees, and SER
wants of the corporation az shall be heces-
sary for the business of the corporation.
ARTICLE VI.
All the corporate powers of this corpor-
alton shall be vested in and exercised by
a Board of Directors, consisting OF five
members, who shall be stockholders in
said corporation, majority of whom
shall constitute a quorum for the trans
action of all business. They shall elect
from their number President, Vice
President, and Secretary and Treasurer,
who shall hold Office for one year, or I'M
til their successors are elected; they shall
fill all vacancies which may occur i'm said
Board of Directors from death, resigna-
ton or othor-causes; they shall make all
bylaws, rules and regulations, etc, for
the government OF the business and af-
fairs of the corporation, and may alter,
amend, or change the same at their pleas
uiC, hitsnO Az SOhtfo StS, INK dilu us
charge all agents, employees and SER
wants, fix all salaries, and generally do
and perform all things necessary for the
transaction of the business of the corpor-
alton.
The first Board of Directors shall con-
sist of X. III. Whitney, Z. l.. Gulley, N.
B. HUNTER, F. l.. Guthrie and II. NJ.
Marks, With X. III. Whitney as Presi-
dent; n. z, Hunter as Vice Presi-
dent, and Il. L, Gqlley as Secretary and
Treasurer Of said corporation, and Board
of Directors and said Offices shall hold
their offices until LIST Monday In Aarsh,
1871, or until their successors shall have
been duly qualified and indicted into
office.
On the ist Monday in March, and an
nually thereafter on the said first Monday
IN March, an election for Directors shall
be held at the office of the said corpora
ton in the Town of Saint Joseph, Under
the supervision of two commissioners to
be appointed by the President, and the
Directors so chosen shall Immediately
take their seats and hold the same until
their successors shall have been elected
and qualified.
An corporate elections shall be held BY
ballot, AND majority of the stock pres
ent or represented by proxy shall elect,
and each share OF stock shall be entitled
to one vote, either in person or by proxy
In writing, at any meeting of the stock
holders.