The Era-leader. [volume] (Franklinton, La.) 1910-current, 1914-02-19
ARTICLE ].

.catp under the said corporate name, il
,ropertv real. personal and mixed; to t
name and appoint such officers, direct
ors, agents, managers or otner EN- !
,l0yeps as the interest or business Oh /
his CORPORATION may require; to es- I
-ablish branch stores and to operate 9
same in any part of the state of Lou
siana as the Board of Directors may
determine; to make and cStaDllSh SuCh
bylaws, rules and regulations, for the
proper management of its affairs as 1t
may deem necessary and proper, ana
the said corporation shall hold and eX-
ercise all such powers ana. privileges
as relates to the objects herein set
forth or that may be necessary to carry
on the business for which this corpora
ton is established and which this cor
may legally do or perform
under the laws of this State.
ARTICLE II.
The domicile of this corporation shall
be at Franklinton, Washington Parish,
Louisiana. where all citations, papers
and other legal process shall be served
uDOn the president or in his absence
or inability to act, the secretary-treas-
urer. -...- ---.-
ARTICLE III.
The objects and purposes for which |
this corporation is established, and the !,
nature of the business to be carried on
by it, are hereby declared to be the
operation of drug store, confectlon-
cry and notion, store; to buy ana Seil'
either at wholesale or retail, drugs,
medicines, confectionery supplies, to-
bacco, cigars and school books, and
such notions and novelties as are
usually sold in first-class drug store.
and do all acts necessary and proper
| 10,
| business as above outlined or as incl
dental thereto.
ARTICLE ".
The capital stock of this corporation
shall be TEN THOUSAND ($l0,OO0.OO)
| DOLLARS, divided into and represented
by One Hundred Shares Of stock at the
par value of One Hundred Dollars each;
said stock shall be paid for in cash
at the time of subscription. or as the
same is issued, for not less than par,
or in payment or in exchange for prop
erty actually received or purchased by
this corporation, or for work or ser.
vices actually rendered.
This corporation may commence do
ing business and shall be going con,
Germ as soon as Three Thousand
shall have been subscribed for. The
Board of Directors shall have the right
to determine how much stock shall be
issued after the first Three Thousand
Dollars of its capital stock shall nave
been issued.
ANY stockhoder may sell, assign or
transfer his stock in this corporation
no transfer of stock shall be made
; unless the same is transferred on the
books of this corporation at it's office
ARTICLE v.
The corporate powers Of this cor.
/ poration shall be vested in and eXer'
cised by a Board of Directors com
posed of three stockholders, and Iheil
decisions and acts shall bind this cor
, poraton. The first election of tn
Board of Directors under this charte
q shall be held at a meeting of tn
stockholders to be held at the office 0
the corporation on the first Monda,
{ in January, 1915, and thereafter III
L stockholders shall elect board of di
q rectors on the first Monday in Jan
3 until their successors shall have bee
= elected and qualified. The Board o
Directors shall elect from among thei
number their officers which shall b
@ President Vice-Presdent, Secretar
~ and Treasurer; the office of Secretar
ID same stockholder. No person shall b
/. eligible as q director or hold an Jffic
" in this corporation. who is not stock
y holder; during the absence of tn
'r President the Vice-President shall ac
Id and preside in his stead Notice of tn
le election of the Board of Directors sha
be given in writing by mail, addresse
to each stakeholder at his usual plac
of business ten days prior to said elet
ton, and the Board of Directors sha
le appoint one of the stockholders to pre-
20 side at said election; and in the ever
Al Il. 4 Il, f,1
OF tend the President shall appoint
I'd stakeholder to fill his vacancy; an
al failure, for any cause whatever to ele'
~ directors on the day named for thu
purpose shall not dissolve this, co
poration, but the directors then in o
flee and the incumbent Officers sha
continue to serve until their successo
are chosen. At every election al
meeting of the stockholders, eat
stakeholder shall be entitled to OF
vote for each share Of stock register.
in his name, and the vote of the stool
"a. holders may be cast by proxy II
election of directors shall be by ball
-. and the majority in the amount
ey votes cast, each share Of stock beil
u. counted as one vote, shall elect the pc
of son or persons for whom they are ca:
~, The first Board of this corporate
~ shall be composed of w. NJ. Babingto
nd MisS h' of wRom " n Babn9ton sSs
@ be President, Miss Ellen Babingt
- ice-President, and T. NJ. Babingt
llu Secretary ard Treasurer, who. shf
o. serve until their successors shall ha
nd been elected and qualified.
m ARTICLE VI
nd The Board of Directors shall have t
no power to fiji all vacancies in tn
'io number caused by death. resignati
zen or otherwise from among the stnc
yht holders Of this corporation. The 50
Iii. board shall have full 1ower and co
m troll of the nlGpertv of this cornorati
w and shall con"uct and manage the sal
Ill "ontsistent with the objects for viii
or, This company is organized and in ;
10 cordance with the nrc"isions set fol
W, M. h'stthaTtor said Roar is furtf
IA, authorized TO ADOPT such laws ru
on, and regulations as the Hffairs and BIZ
ness of this ccrpu"a ton may reuui
and as NAV he 0ecnSS9rv for the me-
PSI aonment of the business thereof, D
Ite vided the same shall not conflict "
ent this charter. or the laws OF the ST;
a. OF Louisiana. or of the United Stat
~ The BOARD Of Directors shall elect
len appoint such further agents, cler
pservarts or other employees as n
my deem necessary Cor the rondli
r. ling of the business affairs of this c