St. Landry clarion. (Opelousas, La.) 1890-1921, 1910-01-01
CHARTER or THE
FARMERS UNION SUNSET MERCANTILE
CO... LIMITED.
sTATE oF L~OUIsIANA,

STATE OF LOUISIANA,
PARISH OF ST. LANDRY.
BE it known that on this thirteenth
day of the month ofOctober, in the year
of our Lord One Thousand Nine Hun
bred and Nine. before me, James Raoul
Pavy, q Notary Public in for the above
parish and State duly commissioned,
qualified and sworn and in the presence
Of the witnesses hereinafter named and
undersigned, personally came and ap-
peaFed the persons whose names are
hereinafter subscribed, all o. IawfnI age,
who severally declared that availing
themselves of the provisions of an act
OF the Legislature of this State known
AZ ACT. No. 36 Of the session OF 1885, vs.
we'll as those Of the general laws Of this
State relative TO the organization 81
corporations they have formed and or
gaaizeds and by these presents do form
and organize themselves into a corpora-
tion for the objects ana purposes and
under the stipulations and agreements
hereinafter set forth, which they adopt
as their charter to-wit:
ARTICLE Il.
The name and style OF TINS corpora
ton shall be The Farmers Union sun
set Mercantile Coz Limited.
Tt shall have its domicile in Sunset,
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continuance and succession under its
corporate name and style for and during
q period of ninety-nine years, unless
sooner dissolved by the action of its
stockholders owning a majority of the
capital stock.
ARTICLE II.
The object and purposes for which
this corporation il established and the
nature of tie business intended TO be
conducted and carriedon by it are here
by declared to be to conduct and trans
act In Sunset, st. Landry Parish, Louis
ianA, retail merchandise business, ti
buy and sell merchandise and articles
OF trade OF every description and til deal
ia agricultural products in connection
with such business to buy and sell rice,
cotton, potatoes, tc, 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.
The 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
such manner, and on such terms as may
be prescribed by the Board of Directors,
provided however, that this corporation
may organize and commence business
after not less than Three Hundred Doll
lars i'm shares OF said capital stock shall.
have been bona ide subscribed for.
Transfers OF stock shall only be made
on the books OF the company, by a stock
holder Id person or by proxy, but none
shall be sold BIZ any stockholder unless
the said stock shall have first been Of
Tered for sale to the other stockholders
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through written notice served on the
President Of the company and only the
failure or neglect Ut 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 aiIits corporate powers
shall be vested in q Board of Directors
composed of not more than six stock
holders to be elected annually on the
first Tuesday OF November OF each year
commencing IN 1910. At the first meet
ing In each year said Board shall elect
Of their members as president, am
otheras Wiee-Presfdent, another as Sec
rotary, all the officers elected shall be
members OF the Board; the secretary
shall also be the treasurer aud general
manager
AT all elections of directors, the per-
sons receiving the votes of the majority
in amount of the capital stock ot said
company shall be declared and at all
meetings IF the Board BIZ Directors the
action or decision of the directors hold
ing q majority in amount of capital
stock Of the company shall prevail
which shall also constitute Il quorum,
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or he shall have power to authorize any
third party to act in his stead, vote on
R1I questions and sign all drafts or acts
necessary, the sans as were he person.
ally present.
Said Board of Directors shall have
authority to fill all vacancies occurring
iii their number or in their officers by
death or resignation, and shall have full
oRe 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 may deem
necessary; to borrow money, buy and
sell real estate when necessary in BUSH
ness. and sell the same, execute mort
cages, make contracts, and do all things
necessary IN the transactions of the
business of the corporation as also to
issue and deliver full paid shares of the
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corporation atnot less than par for cash
money received or its equivalent.
All checks. drafts, notes and eertii-
Gates OF stock shall be signed by each
officer OF said Board of Directors
Allelections fordirectors shall be held
at the Office OF the corporation on the
first Tuesday or November OF each year
as aforesaid, nader the supervision Of
two commissioners, of which election
ten days prior notice shall be given in
writing by the Secretary TO each stock
holder
Is retailu from any to hold an
election for directors on the date above
specified shall not dissolve said corpora
tfon, but those In Office shall hold over
until their successors shall have been
elected and another election shall be
called Oh held within ten days prior mo-
lice in writing, by mail from the secre-
tary ut said corporation having been
Given rs said stockholders.
The charter may be amended, altered