St. Landry clarion. (Opelousas, La.) 1890-1921, 1914-09-19

United States of America, State of Lou
isiana, Parish OF St. Landry.
BE IT hNUWN, That on this 31st day
of the month of July, in the year OF our
Lord, Nineteen Hundred and Fourteen
1914, before me, B. F. Vannoy a notary
public, duly commissioned, qualified
and sworn in and for the Parish of st.
Landry, State of Louisiana, and IN the
presence of the witnesses hereinafter
named and undersigned, personally
came and appeared, Bettison
William Clopton, Mrs. Julia Foote,
Widow of DR.. William F. Clopton, and
Henry E. Lowrey, all residents of the
village of Morrow, said parish ami state
OF age, being the persons whose names
are hereunto subscribed, who declared;
That awaiting themselves of the laws
of the state of Louisiana relative to the
organization Of corporations, in such
cas- S made and provided, they have
constituted and formed, and by these
presents do constitute and form them
selves, their associates, successors and
assigns, into a corporation, for the OBJ
iects and purposes and under the terms,
conditions and stipulations hereinafter
!, set forth, to-wit:
ARTICLEI.
The name and title of this corporation
shall be w. F. Clopton & Company, In.
c%orporated, and it shall have and enjoy
corporate succession for a period OF
n%lnety-nine years from this date, and
shall have for the purposes OF the busl-
ness carried on by it, all the powers
conferred by law on corporations, in
| Guiding the power to contract debts,
borrow money, issue notes and other
obligations, to purchase, lease, sell,
mortgage, pledge, exchange, and other
wise acquire, ALLEVIATE, cucumber or dis
pose of property, real, personal or mix
ed: to contract, sue and be sued;t to make
and use, if ii so desire, a corporate seal
and the same to alter or break at
pleasure; to make bylaws for its gov
eminent, and the sa ne to alter, amend
or repeal at pleasure; to name and en-
oloy such managers, directors, officers,
agents and employees as its Interests
may require, and generally to exercise
all the powers necessary or convenient
to carry on said business whether here
IN specifically enumerated or not.
ARTICLE II.
The domicile of this corporation shall
DG LII EiG RlildQE VI N1OIi Ia hC PdA
ish of St. Landry, state of Louisiana,
md all citations or other legal process
shall be served on the President, and In
case of his absence or disability on the
Secretary, and in any other case in the
manner provided by law.
ARTICLE LII.
The objects and purposes for which
this corporation is organized, and the
| nature of the business to be carried on
by it, are declared to be the following,
.o-Wit:
To acquire and to own, operate and
maintain a retail general merchandise
| store or stores and business in st. Lam
dry parish, La, and in connection there
With to buy and sell live stock, cotton
and other agricultural products, moss,
lumber, ETC., and in general to engage
n and carry on all such business and
transactions as are usually conducted
# or in connection with general country
stores, or which may be complementary
,r incidental to its principal business,
nd to posses and exercise all the
powers, rights, privileges and immuni-
lies granted and permitted by law.
ARTICLE "
The Capital Stock of this corporation
S hereby fixed at the sum OF Ten
thousand Three Hundred ($10, 00.00)
dollars, divided into and represented
oy One Hundred and Three
(lO3) shares of the par value OF One
hundred Dollars $4,000 each, none
preferred over others, with the privi-
eye of subsequently increasing the
mount of capital stock to Twenty-Five
thousand Dollars 1926, Co., 0) as a
maximum limit, in the manner prescrlb-
I'd by law.
Ali of said one hundred and three
shares of capital stock are subscribed
nd fully paid for at the execution OF
his act of incorporation, the corporation
ssuing said stock for cash andproperty
.ctuaIly received from the undersigned
subscribers in the proportions herein
\ fter set forth, as payment for the IN
.erestof said subscribers in the net as
sets and property of the general store
BUSINESS formerly operated by the
partnership of w. F. Clopton & Com
oany, purchased by the corporation as
is actual cash value in property, cash
and credits of good character and con-
.1tion found at the corporations doml-
lie at Morrow, La, without considera-
ton or payment for the good will of the
partnership also transferred, all as in
5entoried and appraised by sworn ex
1erts in the succession proceedings OF
he late DR.. w. F. Clopton, No. $50 OF
the probate files of St. Landry Parish,
La, which valuation is hereby adopted
and made the appraisement of the here
natter named and undersigned Direc-
tors of this corporation; said property
being described in detail as follows:
Accounts receivable good $3.50 50
Bills, receivable, 2 mortgage
notes $500, int. $50 $50 10
Cash on hand and in banks 1043 Is
I head Of live stock $50 90
Merchandise, stock on hand 5104 Al
Furniture and fixtures AZ 90
Forty-three bales of cotton, or
proceeds 2446 10
.2192 feet of cypress lumber 490 81
s14193 %
Less accounts payable, due or
not due 1882 81
Less cash Withdrawn 1041
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