The Era-leader. [volume] (Franklinton, La.) 1910-current, 1911-08-17
Charter of the
McCrealy Mercantile Company

State of Louisiana
Parish of Washington.
Be it known and remembered that
before me, Magee W. OFT, Notary
Public, in and for Washington Parish,
Louisiana, duly qualified, personally
came and appeared the undersigned,
who declared to me, said Notary, that,
availing themselves Of the laws of the
State of Louisiana, relative to the
organization of corporations, they do
by these presents, form themselves
into body corporate.
ARTICLE /.
The name of this corporation shall
be "yHE McCREARY MERCANTILE
COMPANY" "and shall have existence
and enjoy succession for a period of
Ninety mine years.
AAllCLE ii.
The Domicile of this corporation
shall be at Franklinton, Washington
Parish, Louisiana, where all legal
processes shall be served in the
manner provided by law.
ARTICLE III.
The object and purpose for which
this corporation is formed and estab-
lished, are declared to be: To conduct
and carry on a general mercantile
business, and to have and enjoy all
privileges, powers and authority,
necessary and incidental to the sue
cessful conduct of its affairs.
ARTICLE w.
The capital stock of this corporation
shall be Five Thousand $4,000 Dollars
divided into and represented by one
Hundred shares of stock at a par value
of Fifty (S5o) Dollars per share each.
Said stock shall be paid for in cash at
the time of subscription, or may be
issued in exchange for property.
ARTICLE V.
The corporate powers of this cor!
poration shall be vested in Board of
Directors, composed of Three stock
holders, and the officers of this cor.
poration shall consist of President.
Vice'President and Secretary and
Treasurer, and one Director shall be
entitled to hold both the office of
Secretary and Treasurer. The manner
Of electing the Directors and officers,
as we'll as the time of holding said
elections is declared to be as follows:
Notice of the election shall be given
by mail to each stockholder ten days
prior to the election, and the Board of
Directors shall appoint one Of their
number to preside at said election.
The election shall be by ballot and
each stockholder shall be entitled to
one vote for each share of stock held
by MIN and registered in his name;
provided that each stockholder may
vote by proxy, given in writing. The
Board of Directors shall elect from
among their number, the officers.
The first election OF the Board of
Directors held under this charter.
shall be held on the first Tuesday of
January. 1912 and annually thereafter,
and until the first Board of Directors
shall have been elected and qualified,
the Board of Directors shall be COM
posed Of Louis Danziger, E. R.
McCreary and D. H. McCreary of
whom Louis Danziger shall be Presi.
dent, E. R. Necessary, Vice. President,
and D. H. McCreary, Secretary and
Treasurer.
ARTICLE vi.
The Board of Directors shall have
power to FIJI all vacancies in their
caused by death, resignation
or otherwise.
ARTICLE VII.
This charter may be amended or the
capital stock increased or decreased, !.
or the corporation may be Dissolved at
= general meeting Of the stockholders
convened for that purpose, with the
assent Of three.fourths of the stock
present or represented at such meet
Ing thirty days prior notice of which
to be given BY publication in weekly
newspaper published in Washington
Parish, Louisiana, and written notice