The Era-leader. [volume] (Franklinton, La.) 1910-current, 1911-06-08
ch,rte, Of tho
frank|inton Mercantile Co., Inc.
UNITED STATES OF AMERICA, STATE OF
LOUISIANA. PARISH OF WAShlNd'
TON, TOWN OF FRANKLlToN.


BE IT KNOWN, That on this the 2Oth Gay VI
\pril. A. D., Nineteen Hundred and Eleven
md Of the Independence of the United states
II America, the One Hundred and Thlr'y-hltn'
before me prentiss B. Carter, q Notary Puoilc
IN ana for the Parish of Washington, State OF
Louisiana. duly commissioned and quallned,
and in the presence of the witnesses herein-
after named and undersigned, personally
came and appeared the persons whose names
are hereunto subscribed, all OF Lawful age anu
residents Of the Parish Of Washington, state OF
Louisiana, who severally declared that aValhng
Of the provisions OF an Act OF inc
Legislature Of this State, known as Act NO. % |
Of the session of 1888, approved June 2sth 1885,
"a well az the general laws of the State relative
to the organization of corporations, they nave
formed and organized and by these presents 90
form themselves into and constitute corpo'
ration for the objects and purposes, and under
the st.pulations and agreements hereinafter
act forth, which they adopt as their Cnaf'er'
to-wit;
The name of this corporation shall be THE
FRANKLINTON MERCANTILE COMPANY
INCORPORATED, and it shall have Its doml.
c;,e in the Town Of Franklinton, Parish OF
Washington, State of louisiana and snai' nave
and eniov succession under its corporate name
for a neriod of pinety-nine years from ana al
ter date hereof.
ARTICLE IL.
The Capital Stock of this Corporation 10
hereby declared to be fixed at the sum OF len
Thousand $50, 900. oo) Dollars, divided into One
Hundred (loo) shares Of One Hundred (slov.o"
Dollars each, which shall be paid in cash at the
time of subscription The capital stock OF sald
corporstion may be increased to an amount
not to exceed Fifty Thousand ($5o, ooO'oo) DOL
lars. after the compliance with the provisions
If the law relative to increasing the cap'tai
stock Of corporations.
ARTICLE III.
It shall have the right to commence business
when six Thousand (ssooo.oN Dollars of the
capital stock shall have been subscribed ana
maid in. and may hold, purchase, sell, convey
lease. pledge OF mortgage property, personal
movable or immovable, sue and be sued, emo
NAV have corporate seal, with such lnscr'p.
ton or device as may be elected by the boaro
n Directors. The President, or In the event o.
his death, absence or inability to act, IRON any
can.e the secretary.Treasurer is named as TN
nerson upon whom all legal process snail q
served. .,n,o,r rv
The object and purpose for which this cor
noration ia formed and the business to be con
Quoted BY it. is hereby declared to be- the con
, auct;np Of a general merchandise business
either wholesale, retail, or both, to purcnas
> farm products Of all description, to buy an
! sell real estate and to enter into any contra'
r that may be necessary for the proper condu'
, q, a general mercantile business in the town
Franklinton, or at any branch store IN u
Parish of Washington, State Of Lou'slan
which the said corporation may herea1o
u establish.
The business affairs Of this corporation shs
: be managed by board Of three directors, vi
i H. Willis Magee, Miss Leila Magee and
n Addison Wadsworth, two OF said dlrecto
:. shall constitute quorum for the transacti
= of business The first officers Of said board
u hereby declared to be ~ follows: H. vii
Magee, President; Miss Leila Msgee, VIZ
preaident and ]. Addison Wadsworth, secl
tarv and T: easurer Said officers and direct'
:, shsll hold their respective Offices until the d
al Monday in January, 1912, or until their succ
or sors shall have been duly elected and qualln
|,e The annual stockholders meeting for the elect
he Of directors shall be held at the once OF
~ corporation on the first Monday Of January
81 each year, and the directors when elected
at said meeting shall take their seats immediat
20 and the board Of directors shall elect from tn
II. number the officers Of the corporation. ]
h. said board Of directors shall have the power
4 make oil rules, bylaws and regulations for
ch management Of the business affairs Of this
ST. poration, or to alter or change them by . y
20. third vote at any regular meeting, they 81
"a. have the power to purchase, sell, mortgage
nv pledge property, both real and personal. m
or. able or immovable, to make contracts bind
IN ON said corporation and to do al other mat
is. and things necessary and proper In tue m
81. aeement Of the business Of the said corporat
lat They shall appoint officers, agents, clerks
NO employees and Ak their salaries and dc
lie, their duties.
in All vacancies occurring ON the board
ra- directors shall be filled by the remain
ed directors and any stockholder shall be elis'
as . director.
ARTICLE vi,
ion Whenever this corporation shall termin
ISL either BY Limitation or from any other ca
eOf its affairs shall be liquidated under the 81
aid intendence Of two stockholders to be appot'
as for that purpose by 4 general meeting Of
md stockholders, convened after ten days motto
lall registered mail to each stakeholder, and
OF the assent Of the majority Of the stockhol
OF in amount Of capital stock, said liquidation
ing commissioners shall remain in oface until
lily affairs q the said corporation shall have
his fully liquidated, and in case OF death OF
81 said commissioners the surviving mel
Elm, shall continue to act
bed ARTICLE VII.
act This act Of incorporation may be change
the corporation may be dissolved with
,v assent Of three iourths Of the stock Eeprese
On Il any general meeting Of the stockholde
nth said corporation convened for that pur
the after ten days previous notice Of auch met
" shall have been given, BY registered mai
-. .&nckhn1Aap nr0yided majority Of