The Era-leader. [volume] (Franklinton, La.) 1910-current, 1913-07-17

agents. managers and employ
,es as the interest or convenience
If the said corporation may demand,
Ind to make and established by laws,
rules and regulations for the govern
ment of the said corporation, as may
be deemed necessary and proper. and
the same to change and alter at pleas.
ure, and generally TO do all other
acts and things permitted by law. or
such as shall be necessary and proper
to carry out the purposes OF the said
corporation. Said corporation, TN
less sooner dissolved in accordance
with its charter shall exist and con-
tinue for the period Of ninety-nine
years from the date hereof.
ARTICLE II.
The president or in his absence the
vice.president and in the absence OF
both the secretary.tressnrer, shall be
the proper person upon whom all
legal process shall he served In &C.
cordance with the laws of this state.
, ARTICLE III.
The objects and purposes for which
this corporation is organized and the
nature of the business to he carried
on by it, are declared to be the fol-
lowing tc-wit: TO buy and sell all
manner of goods, wsres, merchandise.
either for cash or on credit. retail or
wholesale; to purchase, hold, lease,
own, mortgage, pledge. sell, convey,
Improve and handle all manner OF
property, real, personal and mixed;
to buy, sell, and deal in ell manner
of building material andt to own oper-
ate and run one or more branch stores
at such place or places as the board
Of directors may designate, and gen.
ierally to do all acts and things ueces.
Isary incident or proper In carrying
Tout the purposes Of this corporation
! ARTlCLElv
The capital stock Of this corpora
ton is hereby fixed at the sum Of
$1,000 divided into and represented b!
thirty shares of the par value of $iO
each, which said stock shall be pai'
! for in cash at the ii ne of subscription
or the same may be issued at not less
than par in payment or exchange
for property, movesble and i'm
movable, or rights actually re
ceived or purchased by said cor
poration, or the same may be issue
full paid for cash, or for such othe
valuable consideration as the bosr'
of directors may determine, provide
that no stock shall be issued unit
the consideration therefor is actual
" received by the said corpo'
alton. Any stakeholder may sci
assign or transfer his stock i
this corporation, provided te
days prior notice of such II
tention to sell, assign or transfe
the same be given to the company an
the other stockholders thereof sha
Ihaye the first privilege Of purchasin
the same. after which ten days Il
stock may be sold in open msrke
This corporation shall commence d.
ing business and become going col
Germ Is soon as of its capit
stock shall have t,eer subscribed TO
The board of directors shall ha,
power to determine how much stoe
shall he issued.
ARrICLEV.
The corporate powers OF this CO
poration shall be vested in and e
ercised BY q board Of three director
! consisting of the president, vice.pre'
dent and secretary-treasurer, two
said board shall constitute q QuOru
\ for the transaction of business, a.
their decision shall be valid corpora
acts.
! The following persons shall cons
tute the first board of directors tow
With r. L. Toney, Is president, j..