Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-03-11
ACT or IMeokeoRAIloN
oUllEY GROCERY c0MPANY Ltd
STATE OF LOUISIANA, /

fore me, +. F. Newell, deputy clerk OF
the Tenth Judicial District Court in and
for the Parish of Tensas, and State OF
Louisiana, and ex-officio Notary Public,
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,
awaiting 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
NAV 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-wit:
ARTICLE 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 IL.
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 as are ordinarily and gen.
erally 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 that end said corporation shall
have power to contract, sue and be
sued in its corporate name, to make and
use a corporate seal, to hold, receive,
purchase, convey, and lease under its
corporate name, property both real and
personal, to borrow money, to incur la
bility, and to represent the same by issu-
ing promissory notes, and to secure pay
ment thereof by mortgaging, effecting,
and hypothecatinGa all or any part of its
immovable property, or by pledging such
of its property as may be suggested there
to; 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 proper man.
agement and regulation of the affairs OF
said corporation as may be necessary and
proper, and generally to do such other
things as are lawful for corporations to
do under the constitution or laws now
existing, or which may hereafter be en-
acted.
ARTICLE III.
The domicile of this corporation shall
he in the Town of st. Joseph, Parish OF
rensas, and State of Louisiana.
ARTICLE ~.
The capital stock of this corporation Is
, hereby fixed at the sum of FIFTEEN
THOUSAND DOLLARS, ($l5, zoo. OO ,
divided into one hundred and fifty shares
IF One Hundred Dollars each, and this cor
poration shall commence business as soon
: IS eighty shares of the capital stock shall
have been subscribed and paid in, pay
nent for the shares OF stock to be made
It the time they are subscribed for. All
transfers of stock in this corporation shall
l ,e made on the books of the corporation
i D.. tie stock holder himself, or by the
-. IL. ao = said stakeholder, duly
IN :, the: to in writing.
ARTICLE V.
tli> corportion shall be
i,iem Wee Pre- s.dent, a Secretary,
-. arr, but the same person
,c.ed 10 ill TIE offices of Secre-
T. I'D treasurer.
i,,ion and all legal process shall be
ed On tie President, or, in case OF
l,s,,nce or inability to act, on the
g. resident, or, in the case of the alb
nee or inability to act of both, upon
he Secretary Of the corporation.
The Board of Directors hereinafter pro-
,ided for shall have power to appoint
such other agents, employees, and ser.
, wants of the corporation as shall be neces.
, sary for the business of the corporation.
ARTICLE VI.
All the corporate powers of this corpor.
alton shall be vested in and exercised BY
Board of Directors, consisting of five
: members, who shall be stock holders In
said corporation, majority of whom
shall constitute quorum for the trans.
action of all business. They shall elect
from their number a President, Vic<
President, and Secretary and Treasurer
who shall hold Office for one year, or un.
:. til their successors are elected; they shall
fill all vacancies which may occur in said
Board of Directors from death, resigna.
e ton or other causes; they shall make al
bylaws, rules and regulations, etc., fol
| the government of the business and at.
fairs Of the corporation, and may alter
. amend, or change the same at their pleas.
4 ure; make all contracts, hire and dis.
: charge all agents, employees and ser.
wants, fix all salaries, and generally dc
. and perform all things necessary for the
/. transaction OF the business of the corpor.
i alton.
!, The first Board of Directors shall con.
9 sist of r. II. Whitney, E. L. Gulley, N.
b. Hunter, F. l.. Guthrie and H. N.
4 Marks, with X. II. Whitney az Presi.
C dent; n. b. Hunter as Vice Presi.
: dent, and f. l.. Gulley as Secretary and
Treasurer of said corporation, and Board
of Directors and said officers shall hold
their offices until LIST Monday in March,
1911, or until their successors shall have
r been duly qualified and indicted into
Office.
On the lst Monday in March, and an.
nually thereafter on the said first Monday
:, IN March, an election for Directors shall
{ he held at the Office of the said corpora
n ton in the Town of Saint Joseph, under
the supervision of two commissioner Il
be appointed by the President, and fth<
l Directors go chosen shall Immediately
1 take their seats and hold the same unit
their successors shall have been elected
and qualified.
!, All corporate elections shall be held b.
I ballot, and majority of the stock pres
1 ent or Represented by proxy shall elect
and each share of stock shall be entitled
to one vote, either in person or by prox!