The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1912-05-30
CHARTER
The East Shreveport Whole
sale Grocery Company

State Of Louisiana, Before me, w.
Parish Of Booster. Hutchings, No
tary Public in and for Bossier Parish,
State of Louisiana, duly commissioned
and qualified, on this day came and
appeared the several persons whose
names are hereunto affixed, who declared
unto me, Notary, that they do hereby
form themselves and such persons as
shall hereafter become associated with
them therein, into corporation under
the Constitution and laws of the State
of Louisiana, under the io..o wing con-
ditions and stipulations, to-wit:
ARTICLE 1.
The name and style of this corpora
ton shall be the East Shreveport
Wholesale Grocery Company; it shall
have the right to enjoy succession for
ninety-nine years, with the right to
contract, sue and be sued, and to hold,
purchase, sell, hypothecate and lease
property, both real and personal; its
domicile shall be in Bossier City, Bos-
sier Parish, Louisiana, and all citations
and other legal process shall be made
on it's president, or in his absence, upon
proper officer in charge of its office,
according to law.
ARTICLE II.
The object 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 wholesale grocery
and general mercantile business; to buy,
sell, and otherwise deal in groceries,
and any and all other lines Of general
merchandise generally, or incidentally
conducted in connection with such
wholesale or general merchandising
business, and to do any and all things
incidental to the purpose above named.
ARTICLE III.
The capital stock of this corporation
is hereby fixed and declared to be the
sum of Ten Thousand Dollars oslo, 0OO)
divided into Fifty shares of One Hundred
Dollars each of preferred stock, and
One Hundred shares OF common stock
at Fifty Dollars each, said capital stock
to be paid for in cash or other valuable
thing equivalent in amount according to
the Judgment of the proper officer or
officers of this incorporation, but shall
not be issued nor sold for less than its
par value. This corporation is author
lied to commence business whenever
three thousand dollars of its capital
stock shall have been subscribed, and
paid for, in full.
ARTICLE w.
The corporate powers of this corpo-
ration shall be vested in the Board OF
Directors, consisting of three stock
holders, who shall be annually elected
I on the first Tuesday Of October OF each
wear. and the first board of directors is
hereby declared to be A. N. Cox, w. J.
Owsley and Lola M. Hutchings, who
shall serve until the first regular cleo
ton in the year 1912, as above provided,
or until their, or any OF their successors,
are elected and qualified. The officers
of this corporation shall be President,
a Vice President and a Secretary
Treasurer, and the first officers OF the
said company are hereby declared to be:
B. A. Kelly, President; w. J. Owsley,
Vice President, Lola M. Hutchings.
Secretary Treasurer.
| A majority of the stock shall elect the
directors, and in all elections or pro-
ceedings, each share of preferred stock
shall count as two votes, and each share
| of common stock as one vote, present OF
by proxy, and notice of elections OF
meetings of stockholders shall be given
to each stakeholder at last address or
books at least five days prior of such
meeting, ETC., of stockholders. The di-
rectors shall be chosen at the Office Of
the company. A majority of outstand-
ing stock may demand and procure one
election of any or all officers and direc-
tors any time within one year from date
ARTICLE V.
No stakeholder shall be liable on &C.
count of any obligation of this corpo-
ration in any further sum than the
unpaid balance due by him on the stock
subscribed for by him, and no irregu-
larity or informality in organization
shall have the effect Of rendering this
charter null, or Of exposing any stock
holder to any liability beyond any such
unpaid balance.
| ARTICLE vi.
This charter may be amended (except
as to the increasing or decreasing OF it,
capital stock) by two-thirds vote o.
the stock represented at a meeting o.
the stockholders convened for such pur.
pose, after ten days written notice, a.
above provided.
Whenever this corporation is dis.
solved, by limitation or otherwise, it,
affairs shall be liquidated by two com.
missioners, elected at stockholders
meeting, who shall have full powers tt