The Era-leader. [volume] (Franklinton, La.) 1910-current, 1911-05-25
Charter Of the
FrankIInton Mercantile Co., Inc
,,,,,rrn sr.rEs OF AMERICA, STATE Or
LOUISIANA, PARISH OF wAen.S'
roy TOWN OF FRANKL1ToN'

TON TOWN Of FnaNN
M IT KNOWN, That on this the 26'n uay ~
Az, T.. Nineteen Hundred ana nle'eu'
.rd q, the independence of the Un'teo "s ....
., America, the One Hundred ana lh'''y rA.u'
before me Prentiss B. Carter, NOTARY lu''. ~,
~ ana %, the Parish Of Washington STATE %
= or;s;ana. duly commissioned ana qua''H.u'
and in the presence Of the witnesses ne'e, w.
after named and undersigned pefso'""'
came and appeared the persons whose "'n
ore hereunto subscribed, all Of lawful age an.
residents of the Parish Of Washington s'a'e ~
1o,;s;ana. who several]y declared that aval'ins
themselves Of the provisions OF an Ae' -, ..
Legislature of this State. known as AZ. Nv" .o w
y, the session OF 1888, approved June z'h' io'0'
90 we, az the general laws of the state rela''''
n ,he organization of corporations, they nave
formed and organized and by these presents w
form themselves into and constitute cofPo-
ration for the objects and purposes ana unue'
the st.pulations and agreements hefelual'e'
set forth. which they adopt as their Charter
to.wit;
ARTICLE l.
The name Of this corporation snail DC inn
FRANKL1NTON MERCANTILE COMpANi'
INCORPORATED, and it shall have us do"'.
c;,e in the Town of Franklinton, Parish OF
woehineton. State of Louisiana, and shall nave
; ond enioy succession under its corporate name
for period Of ninety-nine years from ana al
ter date hereof.
J., ARTICLE II.
1 The CAPITAL Stock Of this Corporation IS
herehv declared to be fixed at the sum OF Zen
Thousand ($looOo.oo) Dollars, divided 'nto one
J.. Hundred (loo) shares Of One Hundred es'o'o"
Dollars each, which shall be paid in cash al inc
time If subscription The capital stock OF salu
r. ,o-rore,;on NAV be increased to an amount
mi n exceed Fifty Thousand ($5oooo.oo1 Do''
lar, after the compliance. with the provisions
# -, ~. law relative to increasing the caplta'
stock Of corporations.
ARTICLE III.
" ?. .,.n have the right to commence business
-. when Six Thousand (sS,ooo.oo) Dollars VI ~.
," c.nital stock shall have been subscribed an
al Maid in. and may hold, purchase, SELL convey
>, lease. pledge or mortgage property peisona'
y ,ovahle or immovable, sue and be sued' an
nav have corporate seal, with such inscf'p
,,on or device as may be elected by the Boar
-, n;rectors The President, OF in the event
his death. absence or inability to act' from al
,.r.e the Secretary Treasurer is named AZ ~
..-.or unon whom oil legal process sna''
served. .pr,c,r1v
m. object and purpose for which this co
ran porstiou is formed and the business W w W.
80" ducted BY it, is hereby declared to be- tne CO
geo Quoting Of q general merchandise ous'ne'
ay, other wholesale, retail, or both, 10 pur'n'
riot town nroducts Of all description, to GUY q
49,. ..,, rea, estate and to enter into any conti'
WV that NAV be necessary for the proper conu'
are ~ general mercantile business in the to"n
ling Frank,iuton, or at any branch store IN
runt p.r,sh Of Washington, State OF LOUISA
mod which the said corporation may "e"'
-. ., establish. .,n,c,uv
ron. M. hu.;ness affairs of this corporation 81
',st lbe managed by board OF three o''eo''s'
r. Willis Magee, Miss Leila Maeee snu
d Addison Wadsworth, two OF sald ol'e'
shall constitute quorum for the transa'
nre. -, hus;ness The first officers OF SAID Doalo
r. a s.-.h, declared to be rs follows: H.
'ond: Magee, President; MISS Leu Mas 6.
ord | n.os;asrt and ]. Addison Wadswortn, se
,ank. tary and Treasurer sa'a 0nseels nt;, ,he
shall ,ha, hold their respective offices uh''. 'ne
inent Monday in January, lslz' OF uh',' w.
IN Ot .ors shall have been duly elected ana quar-
e, and The annual stockholders ne'oi .ne s'e
e Law Of directors shall be held at the om'e
ought CORPORATION on the first Monday OF 'anus
,,oo each wear. and the directors when e'ec.
..id u,eetine shall take their seats lmmed
.x.. .,a the hoard Of directors shall elect from
,nuh.r the officers Of the corporation
..,a ho.rd az directors shall have the pc
make all rules, bylaws and regulations
management Of the business ana'rs OF IN
ro,.4ion. or to alter or change them oy
third vote at any regular meetnis' 'n.s
lAAl have the power to purchase, SELL mora
pledge property, both real and PERSONA
SVVs Able or immovable, to make contracts
~ ..;d corporstion and to do all other
and things necessary and proper IN IN
pS ~ ..orort ~ the business Of the said corpe
Thev shall appoint Officers, agents, cser
EMPLOYEES and dx their salaries I'll"
their duties. =.
>..>l&. Al vacancies occurring on the Ok
JtI0ll) directors shall be filed oy the 1el
directors and any stockholder shall De
% director.
Those ARTICLE VI .,
whenever this corporation snai' Vel
either by limitation or from an! o'oe'
4. Affairs shall be liquidated under inc
intendence Of two stockholders to be 81
oross;ve for that purpose by general mee'ln
eC",Iavo stockholders, convened after ten Gays
y ;ncor. registered mail to each stakeholder, =
y a. the assent of the majority Of the stoc
eachars in amount Of capital stock, said hau''
",;sh r., |commissioners shall remain in once
w. ~, ~ .s.irs Of the said corporation shall M
:. Studies fully liquidated, and in case OF oea''
',nod ~ said commissioners the surviving
70 proud shall continue 70 oa ac,. = vr,
2 moro An1 49,, h. ch,
d book This act OF incoFpola,'o" .; 10y
Is known the corporation m.y W 49, .toct re-,
the most assent OF thSee'Io"s'"' W w.