The Caucasian. (Shreveport, La.) 1900-192?, 1911-01-19
CHARTER
OF THE IDA MERCANTILE COM
PANY.

State of Louisiana, Parish of Caddo
Before me, w. o. Owens, notary public
in and for the State of Louisiana and
the Parish of Caddo, duly commissioned
and sworn, on this day came and ap-
peared the several persons whose names
are hereunto subscribed, who declared
to me that they do hereby form them
selves into corporation, under the laws
of the State of Louisiana, under the
stipulations hereinafter set out, to-wit ::
ARTICLE I.
The name and style of this corporation
is hereby declared to be IDA MER-
CAMILLE COMPANY; it shall have
the right to enjoy succession for ninety
nine years, with the right to contract,
sue and to be sued; and to hold, pur-
chase, lease, sell and hypothecate prop
erty real, and personal; its domicile
shall be in the town of Ida, Caddo Par
ish, Louisiana, and all citation and other
legal process shall be made on its presi-
dent, or in his absence at the Office of
the company, according to law.
ARTICLE II.
The objects for which this corporation
is organized and the nature of the bust
ness to be carried on by it are declared
to be to carry on general retail dry
goods, grocery and mercantile business !;
to buy, sell AID otherwise deal in gro
ceries, dry goods, boots and shoes and
general merchandise, and to carry on a
general advancing business, for the pur-
pose of advancing supplies, etc.; and to
do any and all things incidental to the
purpose above named; and generally to
do all things necessary to be done in the
furtherance of such objects and pur-
poses.
ARTICLE III.
The capital stock of this corporation
is hereby fixed and declared to be the
sum of ten thousand ($Ioooooo) dol
lars, divided into one hundred (1oo)
shares of one hundred .($1oo) dollars
each; said capital stock to be paid for in
cash or its equivalent, but shall not be
issued and sold for less than its par
value; this corporation is authorized to
commence business whenever FIVE thous-
and dollars of its capital stock shall be
subscribed and paid for in full.
ARTICLE ".
The corporate powers of this corpora
I ton shall be vested in a board of direc-
tors, consisting Of three stockholders
who shall be annually elected on the first
Tuesday in January. The first board Of
directors is hereby declared to be A. C.
Dominick, ]. H. Don1inick and c. L
/ Perry, who shall serve until the frs
Tuesday in January 1912, or until then
successors are elected and qualified The
officers of this corporation shall be {
president, vice president and secretary
treasurer; and the first officers of sale
company are hereby declared to be A. c
Dominick, president; J. H. Dominick
vice president; C. L. Perry, secretary.
treasurer. A majority of the stock shall
elect the directors, and in all elections
or proceedings of stockholders eacf
/ share of stock present or represented b.
proxy shall be entitled to one vote. No
Itice of all elections or meetings of stock
holders shall be given by written motto
Ito each stakeholder ten days before sucl
ELECTION or meeting of stockholders
directors shall be chosen at the Office o
the company.
ARTICLE v.
No stakeholder shall be liable on &C
count of any obligation to this corpora
ltion in any further sum than the amour
Iof the unpaid balance due by him OF
stock subscribed for; and no irregular
lily nor any informally in organization
shall have the effect of rendering tni
charter null or of exposing any stock
Iholder to any liability beyond such I'm
| paid balance.
Il ARTICLE VI.
/ This charter may be amended (excep
Ias to the increasing or decreasing of it