The Era-leader. [volume] (Franklinton, La.) 1910-current, 1913-07-10

~ VAC0SuAVS w AVAsS ~SSSs'SS s~S'~S
purchase, improve, ALLEVIATE, convey,
sell, borrow, pledge, mortgage and
under its said corporate
name, property, real and personal
and mixed; to name and ap-
point such officers, directors,
agents. managers and employ
ees as the interest or convenience
of the said corporation mag demand,
and 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, un-
less sooner dissolved in accordance
with its charter shall exist and con.
tiuue 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 secretsry.treasurer, shall be
the proper person upon whom ell
legal process shall be 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 lie carried
on by it, are declared to be the fol-
lowing to-wit: To buy and sell all
manner of goods, wares, 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 all manner
of building material and to own oper-
ate and run one or more branch stores
at such place or places rs the board
Of directors may designate, and gen.
orally to do ell acts and things ueces.
ssry incident or proper in carrying
out the purposes Of this corporation.
ARTlCLE1V
The capital stock of this corpora
ton is hereby fixed at the sum OF
5000 divided into and represented by
thirty shares Of the par value Of 900
each, which said stock shall be paid
for in cash ut the tine Of subscription
or the same may be issued at not less
than par in payment or exchange
tor property, movable and i'm.
movable, or rights actually re-
ceived or purchased by said cor.
poration, or the same may be issued
full paid for cash, or for such other
valuable consideration Is the board
Of directors may determine, provided
that no stock shall be issued until
the consideration therefor Is actual.
" received by the said corpor-
alton. Any stakeholder may sell,
assign or transfer his stock in
this corporation, provided ten
days prior notice of such In.
tention to sell, assign or transfer
the same be given to the company and
the other stockholders thereof shall
have the first privilege OF purchasing
the same. after which ten days the
stock may be sold in open market.
This corporation shall commence do
Ing business aud become q going con.
Germ as soon ss of its capital
stock shall have been subscribed for.
The board of directors shall have
power to determine how much stock
shall be issued.
ARTICLEV.
The corporate powers Of this cor.
porstion shall be vested in and ex.
ercised By Q board Of three directors;
consisting Of the president, vice-presi.
dent and secretsry.t'essurer, two Of
said board shall constitute Z quorum
Eor the transaction Of business, and
heir decision shall be valid corporate
lcts.
The following persons shall consti.
ute the first board Of directors to.wit:
With f. L. Touey, Is president, in.