The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-06-29

soon as One Hundred shares shall have
been subscribed and paid for; all stock
shall be paid for in cash or merchandise
or its equivalent. and such stock to be
issued at its face value and to be full
paid stock and is to be subject to no
further assessment or call from the
Board Of Directors.
ARTICLE III
The object and purposes of this Cor
poration are hereby declared to be: To
do q general merchandise business,
either wholesale or retail, such as buy
ing and selling merchandise of every
description desired by said Company
and to this end and in order 70 secure
itself in its business venture. it shall
have the right to make any advances.
desired under its regulations and By
laws. and TO secure same. shall have
| full authority to receive MORTGAGES.
| pledges. and other securities, and if
desired, it shall have full authority to
buy, and hold lands and other pro-
perty, and to lease or sci. the same
ARTICLE "
The corporate powers of this Com
pany shall he vested in a Board OF Di-
rectors composed of three stock holders
who shall be elected bv ballot at IA
general meeting Of the stock -holders,
called for that purpose. and at such
meetings each stakeholder shall be al
| lowed one vote for each share of stock
owned by bin to be voted in person or
| by proxy. The election for Directors of
this Company shall be heid on the
twenty ninth day of Nav. 1913. that is,
| the first election. and on the same date.
month of each succeeding year. The
| Board Of Directors at their first meet
ing in each year can elect out Of their
own number President, Vice President,
a Treasurer Secretary and Manager.
| In the meantime and until said election
| Maurice Levy shall act as President.
| Treasurer and Manager, and Marcus NJ.
Levy, Vice President and Mrs Maurice
| Levy. Secretary, and which three shall
constitute Board of Directors. until
| the said meeting for Officers and Direct
ors, in the year 1913. Said Board of
Directors shall have full power to make
such bylaws as they deem necessary
| and proper for the conducting and
managing OF the business of this Cor
pOration. and they may alter and repeal
| the same, They shall also provide for
the appointment of all employees Of the
said Company or Cor Grafton and fix
and regulate the pay Of said emplo es:
also engage and discharge them at their
pleasure. Any vacancy on said Board
of Directors shall be filed by the re
naming directors. tor the unexpired
term The Directors and officers thus
elected shall remain in Office one year,
or until their successors are duly elected
al nd nal ha fai "a, oil
rectors and officers shall not be con-
sidered as forfeiture of this Charter.
One person may be elected to hold one
shall have the right to appoint any
his stead.
ARTICLE V
This act of incorporation may be
amended or changed or modified. or |
said Corporation may be dissolved by |
vote of the majority of all stock hol lers |
at a meeting convened for that purpose. |
Upon the expiration of the term of this |
Charter or its dissolution, the affairs of |
said Corporation shall be liqudated by |
one liquidator. selected by the said
stock holders from among their number
by the majority of stock holders of
said Corporation.
ARTICLE VI.
The said Corporation can sue or be
sued in all courts of law and equity:
contract and be contracted with, and
can adopt and use corporate seal and
can alter, amend and break same at
their pleasure.
No stock holder shall be liable for any
debt or liability of said Corporation in
any greater sum over and above the
amount remaining unpaid on the sock
sui scribed.
Thus done and passed at my office, in
the Town of Franklin, Parish of st.
Mary, Louisiana, on the day. moth
and year first above written. in the pre-
sencc of Eugere H. Thibodeaux and
Thco. g. Mayer two competent wit
ne>ses who sign With the appearers and |
me, said Notary, after due reading of
he whole.
Maurice Levy 81 shares
Marcus NJ Levy. | share =,
per Maurice Levy. 7
I4Onis Levy snare 9
Mrs Maurice Levy. | share ,,
ser Maurice Levy
Witnesses. e
Eugene H. ThiboGeaux $
Theo. G. Mayer '
ISAAC MAYER, Notary Public. 7
State of Louisiana, r
Parirh of st. Mary p
Having examined the above and fore :
.Olng charter Of the LOUISA TRAD u
Nc COMPANY. LTD, and finding a
olhlns therein contrary to the pro- I
isions of the laws of the State of :
louisiana with reference to the organi- g
alton Of corporations, hereby approve l
anne this 4th day of June, A. d. 1912. =
L. NJ. MILLING, C
District Attorney, Parish of st. Mary. =
! true copy of the original, attest: a
ISAAC MAYER, Notary Public. Il
b