The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1912-06-20
CHARTER
The East Shreveport Whole.
sale Grocery Company

The East Shreveport Whole
sale Grocery Company
State Of Louisiana, Before me, u. w.
Parish Of Bossier. 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 a corporation under
the Constitution and laws of the State
of Louisiana, under the following 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 ILL.,
The capital stock of this corporation
is hereby fixed and declared to be the
sum of Ten Thousand Dollars ($10, OOO)
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 OF
officers of this incorporation, but shall
not be issued nor sold for less than it's
par value. This corporation is author
lied to commence business whenever
three thousand dollars of it's 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 OIL
Directors, consisting of three stock
holders, who shall be annually elected
on the first Tuesday of October of each
year, 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 elec-
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 a President
a Vice -President and Secretary
Treasurer, and the first officers of the
said company are hereby declared to be
B. A. Kelly, President; w. ]. 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 stocl
shall count as two votes, and each share
of common stock as one vote, present o.
by proxy, and notice of elections o.
meetings of stockholders shall be giver
to each stakeholder at last address OF
books at least five days prior Of sucl
meeting, etc., of stockholders. The di.
rectors shall be chosen at the Office O
the company. A majority of outstand
ing stock may demand and procure on,
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 thu
unpaid balance due by him on the stool
subscribed for by him, and no irregu
larity or informality in organization
shall have the effect of rendering thi
charter null, or of exposing any stock
holder to any liability beyond any sucl
unpaid balance.
| ARTICLE vi.
This charter may be amended (excep
as to the increasing or decreasing of it
capital stock) by a two-tbirds vote O