The Caucasian. (Shreveport, La.) 1900-192?, 1911-02-05
CHARTER
OF THE IDA MERCANTILE COM
PANY.

State of Louisiana, Parish of Caddo
Before me, v D. 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
stipalations hereinafter set out, to-wit !:
ARTICLE /.
The name and style of this corporation
| is hereby declared to be IDA MER-
CANTILE 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 a general retail @dry
goods, grocery and mercantile business;
Ito buy, sell and otherwise deal in gro
Iceries, 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 ($Io,ooo.oo) dol
lars, divided into one hundred (1oo)
shares Of one hundred ($Too) dollars
each; said capital stock TO be paid for III
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
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, J. H ,Doninick and C. L.
Perry. who shall serve until the FIRST
Tuesday III January 1912, or until their
successors are elected and qualified The
officers Of this corporation shall be
president, vice president and secretary
and the first officers of said
company are hereby declared to be A. c.
Donlinick, president; J. H. Domirlick.
vice president; c. L. Perry, secretary
treasurer. A majority Of the stock shall
elect the directors, and in all elections
or proceedings of stockholders each |
share of stock present or represented by
proxy shall be entitled TO one vote. No
tice of all elections or meetings of stock
holders shall be given BY written notice
to each stakeholder ten days before such |
election or meeting of stockholders
directors shall be chosen at the office of |
the company.
ARTICLE v.
No stocl1holder shall be liable on ac-
count OF any obligation TO this corpora
ton in any further sum than the amount
of the unpaid balance due by him on
stock subscribed for; and no irregular
ity nor any informality in organization
shall have the effect Of rendering this
charter null or of exposing any stock
holder to any liability beyond such un-
paid balance.
ARTICLE VI.
This charter may be amended Except T
IS to the increasing or decreasing of it's
capital stock by two-thirds vote Of
stock represented at a meeting of the
stockholders convened for such purpose.
after ten days written notice as above
provided. Whenever this corporation. Is
dissolved, BY limitation Or otherwise, ifs
lffairs shall be Inundated By three com
1llssioflefs ELECTED al stockholders rl
ng, who shall have 1uii a4pr
1p its affairs and settle its indebtedness.
In testimony Of which, the said above
famed parties have affixed their sigma
ures on this the goth day Of Deem
Der 1910.
ANDREW e. DoMINIcK.
JOHN II. DOMINICK.
CURRIE L PERRY.
Attest: