The Era-leader. [volume] (Franklinton, La.) 1910-current, 1911-05-18
Charter Of the
FFankhnton Mercantile Co., Inc.
UNITED STATES OF AMERICA, STATE OF
LOUISIANA, PARISH OF WASHING
TON, TOWN OF FRANKLITON.

'e'ole NE fren(lss b. Carter, a Notary Publ
IN and for the Parish Of Washington, State {
Louisiana, duly commissioned and qualified
and in the presence OF the witnesses herein
AFTER named and undersigned. PERSONAL
came and appeared the persons whose name
are hereunto subscribed, all OF lawful age. an
residents OF the Parish Of Washington State Q
Louisiana, who severally declared that avaiIin
themselves OF the provisions OF an Act Of III
Legislature OF this State, known as Act No.
OF the session OF 1888, approved June 10Th, 1885
as well as the general laws of the state rela,iy,
70 the organization Of corporations, they hay,
formed and organized and by these presents d,
form themselves into and constitute a corno
ration for the objects and purposes, and under
lhe st.pu!atlons and agreements hereinafter
set forth, which they adopt as their Charter
to.wit;
ARTICLE J.
The name Of this corporation shall be THE
FRANKLINTON MERCANTILE COMPANY
INCORPORATED, and il shall have its domi.
Gle in the Town Of Franklinton, Parish O,
Washington, State Of Louisiana. and shall have
and enjoy succession under its corporate name
for period Of ninety-nine years from and At.
ter date hereof
ARTICLE H.
The Capital Stock OF this CORPORATION is
hereby declared to be fixed at the sum Of Ten
Thousand (sl0,00O.00) Dollars, divided into One
Hundred 400 shares Of One Hundred 800 co.
Dollars each, which shall be paid in cash at the
time OF subscription. The capital stock Of said
may be increased to an amount
not to exceed Fifty Thousand ESQ, 900 90, Dol
lars, after the compliance, with the provisions
Of the law relative to increasing the capital
stock Of corporations.
ARTICLE III.
1t shall have the right to commence business
when Six Thousand ts6,OO0.Oo) Dollars OF the
capital stock shall have been subscribed and
paid in, and may hold, purchase, sell, convey,
ease, pledge or mortgage property, personal,
movable or immovable, sue and be sued and
nay have corporate SEAL with such inscrip-
ion or device as may be elected by the Board
# Directors. The President, or in the event of
lis death, absence or inability to act, from any
'ause, the Secretary.Treasurer is named as the
person upon whom all legal process shall be
erved.
ARTICLE ".
The object and purpose for which this cor
'oration is formed and the business to be con.
(uctcd by it. is hereby declared to be, the con-
lucting of general merchandise business
ither wholesale, retail, or both, to purchase
arm products of all description, to buy and
ell real estate and to enter into any contract
hat may be necessary for the proper conduct
4 a general mercantile business in the town of
or at any branch store in the
'arish of Washington, State of Louisiana,
'hich the said corporation may hereafter
stablish.
ARTICLE V.
The business affairs Of this corporation shall
e managed by board Of three directors. viz:
I. Willis Magee, Miss Leila Magee and J.
lddisOn Wadsworth, two Of said directors
hall constitute quorum for the transaction
business. The first officers OF said board are
ereby declared to be as follows: H. Willis
A06SSS AASSAASAt. AAASs LIZA AdKCe, vice.
resident and J. Addison Wadsworth, Secre-
ary and Treasurer. Said officers and directors
hall hold their respective Offices until the first
[onday in January, 1912, or until their success
DIS shall have been duly elected and qualified
he annual stockholders meeting for the election
directors shall be held at the Office Of the
orporation on the first Monday of January, of
ach year, and the directors when elected at
aid meeting shall take their seats immediately
nd the board Of directors shall elect from their
lumber the oficers of the corporation. The
lid board Of directors shall have the power to
AXE all rules, bylaws and regulations for the
engagement Of the business affairs Of this cor
oration, or to alter or change them by two
'ird vote at any regular meeting, they shall
ave the power to purchase, sell, mortgage or
edge property, both real and personal, mov-
Die or immovable, to make contracts binding
I said corporation and to do all other matters
i'd things necessary and proper in the man
cement Of the business Of the said corporation.
hey shall appoint officers, agents, clerks and |
nployees and fix their salaries and define
eir duties.
All vacancies occurring on the board Of
rectors shall be filed by the remaining
rectors and any stakeholder shall be eligable
director.
ARTICLE vi
Whenever this corporation shall terminate,
ther by Limitation or from any other cause,
J affairs shall be liquidated under the super
tendence of two stockholders to be appointed
r that purpose by general meeting of the
ockh olders, convened after ten days notice by
gistered mail to each stakeholder, and with
e assent Of the majority of the stockholders
amount of capital stock, said liquidators or
mmissioners shall remain in Office until the
6airs OF the said corporation shall have bee.:
lily liquidated. and in case of death Of one
said commissioners the surviving member
all continue to act.
ARTICLE VII.
This act OF incorporation may be changed, or
e corporation may be dissolved with the
sent of three-fourths OF the stock represented
any general meeting Of the stockholders of
id corporation convened for that purpose
er ten days previous notice Of such meeting
all have been given, by registered mail, to
Oh stakeholder, provided majority of the
'ck shall be represented at said meeting.
ARTICLE VIII.
III stock II this corporation shall be issued
der the direction of the board OF directors,
d no tockholder shall be allowed to dispose
his stock until after having first offered to
! it TO the Company and its refusal by the
mpany and the individual members thereof
ARTICLE