St. Landry clarion. (Opelousas, La.) 1890-1921, 1913-01-18
CHARTER
THE FARMERS UNION MERCAN-
TILE COMPANY, LIMITED,
Pf AIcANCE LOUISIANA
STATE OF LOUISIANA,
PARISH OF ST. LANDRY.


BE IT KNOWN. That on thi FOUF
TEENTH day Of the month of January
in the year of our Lord, One Thousand
Nine Hundred and Thirteen, before me
JOHN H. HARMANSON, Notary Pub
lie, duly commissioned, qualified ane
sworn, in and for the parish and state
above-written, and in the presence oil
the herinafter named and undersigned
witnesses , personally came and APP
peared:
Messrs. DiomelA. Durio, John B. Jou
bert, Benjamin S. Joubert, Paul Jou
bert, Benjamin Lee Joubert, Rober
Vigie and Charles Lawrence Pitre, al
residents Of st. Landry Parish, La,
who ~severally declared, that availino
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, fol
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 HTHE FARMERS UNION
MERCANTILE COMPANY, LIMITED
1t 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 hypotheeate,
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, I'M
der its corporate name, property real,
personal and mixed, to name and ap-
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 n things as are, or as 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 business to be conducted
and carried on by it, are hereby de-
clared to be, to conduct and transact
in 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, buggles, wagons; implements,
disc usually bought and sold, as also
build, own and operate warehouses,
other products of the country.
ARTICLE III.
The capital stock of this corporation
is hereby fixed at the sum of FIVE
THOUSAND ($5, 900. CO. DOLLARS, to
be divided into TWO HUNDRED
SHARES 900, of TWENTY-FIVE
1925. 00l DOLLARS each, which said
shares shall be paid for in such manner
and IN 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-FIVE
HUNDRED t$3500.0 0{ DOLLARS in
shares of said capital stock shall have
been bone fide subscribed for.
Transfers of stock shall only be made
on the books of the Company by a
stakeholder, in person or by proxy,
but none shall be sold or transferred
by any stakeholder unless the said
stock shall have been first offered fer
sale to the other stockholders, at the
price offered unto others, through
written notice served on the President
OF the Company, and only upon the
failure or neglect of the other stock
holders to avail themselves within ten
days, OF such right of purchase, shall
stock become transferable. No
certificate shall be issued except for
fully paid up stock.
ARTICLE ".
The business of this corporation shall
be managed by, and all its corporate
powers shall be vested in a board of
directors, composed Of five Isl stock
holders to be elected annually on the
first Monday of May of each year. At
their first meeting in each year said
board shall elect one of their members
as President, another as Vice-President.
The said Board shall also at their first
meeting in each year elect or appoint
a Manager and a Secretary, and fix
their salaries, both of whom shall hold
office .only during the pleasure
OF the Board of Directors. The
Manager shall be a stakeholder, but the
Secretary may or may not be a stock
holder. The President or Vice-Presi-
dent may hold the office of the Mana
ger.
At all elections for directors, the per-
sons receiving the votes Of the major
ity in amount of capital stock of said
Company shall be declared elected,
and at all the meetings of the Board of
Directors, the action or decision of the
majority in number present shall pre-
vail, and a majority of the Board of
Directors shall constitute a quorum for
the transaction of business.
Any stakeholder shall have the right
70 convene the Board OF Directors at
any time, upon notice in writing to
each member.
Said Board of Directors shall have
authority to fill all vacancies occurring
n their own number, or in their
by death or resignation, and
have full power to make and es-
as well as change and alter at
all such bylaws, rules and
regulations, for the support and man.
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