St. Landry clarion. (Opelousas, La.) 1890-1921, 1913-02-15

Nine Hundred and Thirteen, before me,
JOHN Fl. HARMANSON, a Notary Pub
lie, duly commissioned, qualified and
sworn, in and for the parish and state
above-written, and in the presence of
the hereinafter named and undersigned,
witnesses /, personally came and ap-
peared:
Messrs. Diomel A. Durio, John B. Jou-
bert, BENJAMIN S. Joubert Paul Jou-
bert, Benjamin Lee Joubert, Robert
residents Of st. Landry Parish, La,
who ~seyerally declared, that availing
themselves of the provisions of the
laws of the State of Louisiana, relative
to the organization of corporations,
they have formed and organized, and
by these presents, do form and organ
ize the mselves into a corporation, for
the objects and purposes, and under
the s%tipulations and agreements here
matter set forth, which they adopt as
their charter, to-wit:
ARTICLE |.
The name and style of this corpora
ton shall be "THE FARMERS UNION
MERCANTILE COMPANY, LIMITED"
It shall have its domicile in the town of
Plaisance, La, and under said corpor-
ate name, said corporation shall have
power and authority to contract, sue
and be sued, to purchase and sell real
estate, to build and conduct ware
houses, to mortgage and hypothecate,
to make, have and use a corporate seal,
and the same to break, alter or amend
at pleasure, to hold, receive, lease,
purchase, improve, ALLEVIATE, convey,
pledge, mortgage and hypothecate, un-
der its corporate name, property real,
personal and mixed, to name and APP
point such officers, directors, agents
and managers, or employees, as the
interest and convenience of said cor
poration may require, for the proper
management and regulation of its
affairs, as it may deem necessary and
proper, and the same to change and
alter at pleasure. And to do all other
acts and things as are, or a may be,
necessary and proper, to carry out the
objects and purposes Of said corpora
ton, and said corporation unless sooner
dissolved in accordance with its charter,
shall exist and continue for and during
the period Of ninety-nine years from
the date hereof.
ARTICLE II.
The objects and purposes for which
this corporation is organized and the
nature of the businesst to be conducted
and carried on by it, are hereby de-
clared to be, to conduct and transact
the town of Plaisance, in st. Landry,
Parish, Louisiana, a general mercan-
tile or merchandise business, to buy
and sell dry goods, notions, clothing,
hats, boots and shoes, groceries, hard
ware, buggies, wagons; implements,
and generally all articles of merchan-
disc usually bought and sold, as also
to purchase and sell real estate, to
build, own and operate warehouses,
and to buy and sell cotton, rice, and
other products of the country.
ARTICLE III.
The capital stock of this corporation
is hereby fixed at the sum of FIVE
THOUSAND ($5, 900 LOO DOLLARS, to
be divided into TWO HUNDRED
SHARES 900, of TWENTY-FIVE
DOLLARS each, which said
shares shall be paid for in such manner
and on such terms as may be pre-
scribed by the board of directors, pro-
Vided, however, that this corporation
may organize and commence business
after not less than THIRTY-FTVE
HUNDRED (S350O. O0l DOLLARS in
shares of said capital stock shall have
been bone fide subscribed for.
Transfers of stock shall only be made
IN the books of the Company by a
stakeholder, in person or by proxy,
out none shall be sold or transferred
by any stakeholder unless the said
shall have been first offered for
sale to the other stockholders, at thei
same price offered unto others, through
notice served on the President
1f the Company, and only upon the
lolders to avail themselves within ten
lays, of such right of purchase, shall
such stock become transferable. No
certificate shall be issued except for
'ully paid up stock.
ARTICLE ".
The business of this corporation shall
managed by, and all its corporate
shall be vested in a board of
directors, composed of five 81 stock
loiders to be elected annually on the
lrst Monday OF May of each year. At
first meeting IN each year said
5oard shall elect one of their members
IS President, another as Vice-President.
The said Board shall also at their first
meeting in each year elect or appoint
Manager and a Secretary, and fix
salaries, both of whom shall hold
,ffice only during the p pleasure
il the Board of Directors. The
shall be a stakeholder, but the
secretary may or may not be a stock
The President or Viee-Presi-
lent may hold the office of the Mana