The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-07-06

shall be authorized to begin business as
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 a 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 to 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 Nv.
The corporate powers of this Com
pany shall be vested in a Board of Di-
rectors composed of three stockholders
who shall be elected by ballot at a
general meeting of the stockholders.
called for that purpose, and at such
meetings each stock holder 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 held on the
~ nf 1919 q
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 y-laws as they deem necessary
and proper for the conducting and
managing of the business of this Cor
pOraton. 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 employees;
also engage and discharge them at their
pleasure. Any vacancy on said Board
of Directors shall be filed by the re-
mainiEg directors. for the unexpired
term The Directors and officers thus
al, tod ,Iol1 of
or until their successors are duly elected
and qualified. The failure to elect Di>
rectors and officers shall not be con-
sidered as a forfeiture OF this Charter.
One person may be elected to hold one
or more Offices. Any of lhe Directors
shall have the right to appoint any
other Directors as his proxy to act in
ARTICLE V
This act of incorporation may b.
amended, or changed or modified. nr
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 liquidated 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 stock |
subscribed.
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-
sence of Eugene Il. Thibodeaux and |
Theo. G.. Mayer, two competent wit
nesses who sign with the appesrers and |
me, said Notary, after due reading Of |
the whole.
Maurice Levy. 81 shares
Marcus NJ. Levy. share
per Maurice Levy.
Louis Levy. snare
Mrs Maurice Levy. share
per Maurice Levy.
Eugene H. Thibodeaux
Thee. G.. Mayer.
ISAAC MAYER, Notary Public.
State of Louisiana,
Parirh of st. Mary.
Having examined the above and fore
going charter of the LOUISA TRAD
ING COMPANY, LTD, and finding
nothing therein contrary to the pro-
'isions of the laws of the State of
louisiana with reference to the organi-
'ation OF corporations, hereby approve
anne this 4th day of June, A. D. 1912.
T. Nj. MILLING,
District Attorney, Parish Of st. Mary.
fr,ie cOnv of the original attaat. |