St. Landry clarion. (Opelousas, La.) 1890-1921, 1914-09-12

CIIllEA JidlE0 vi E3LICI&ld,S AdiI u y
isiana, Parish OF St. Landry.
BE IT KNOWN, 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. CIopton, and
Henry E. Lowrey, all residentso of the
village of Morrow, said parish and state,
Of age, being the persons whose names
are hereunto subscribed, who declared:
That availing themselves of the laws
0 the state of Louisiana relative to the
OF anization of corporations, in such
cases 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:
ARTICLE l..
The name and title of this corporation
shall be w. F. Clopton G Company, In
corporated, and it shall have and enjoy
corporate succession for a period of
n~inety-nine years from this date, and
shall have for the purposes Of the bust
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;to make
and use, if it so desire, a corporate seal
and the same to alter or break at
pleasure; to make bylaws for its gov
eminent, and the same to alter, amend
or repeal at pleasure; to name and en-
ploy 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
be in the village of Morrow, in the par
ish of st. Landry, state of Louisiana,
andaIl 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 iii.
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,
to-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
In and carry on all such business and
transactions as are usually conducted
at or in connection with general country
stores, or which may be Complementary
Or incidental to its principal business,
and to posses and exercise all the
powers, rights, privileges and immune
ties granted and permitted by law
ARTICLE "
The Capital Stock of this corporation
S hereby fixed at the sum OF Ten
Thousand Three Hundred ($1G,300.0Ol
dollars, divided into and represented
by One Hundred and Three
(iO3) shares of the par value Of One
hundred Dollars $4,000 each, none
preferred over others, with the prlyl-
Iege of subsequently increasing the
amount of capital stock to Twenty-Five
Thousand Dollars 1925, 000.00) as a
maximum limit, in the name prescrib-
ed by law.
Ali of said one hundred and three
shares of capital stock are subscribed
and fully paid for at the execution OF
this act Of incorporation, the corporation
.ssuing said stock for cash and property
actually received from the undersigned
subscribers in the proportions herein
fter set forth, as payment for the in
terestof said subscribers in the net as
sets and property of the general store
BUSINESS formerly operated by the
partner hip of w. F. Clopton G Com
pany, purchased by the corporation as
is actual cash value in property, cash
and credits of good character and con-
.ltion found at the corporations domi-
lie at Morrow, La, without consldera-
ton or payment for the good will OF the
Iartnership also transferred, all as in
5entoried and appraised by sworn ex-
)erts in the succession proceedings OF
he late DR.. w. F. Clopton, No. $3.50 OF
the probate files of st: Landry Parish,
Ia, which valuation is hereby adopted
and made the appraisement of the here
natter named and undersigned Direc-
tors of this corporation; said property
)eing described in detail as follows:
accounts receivable good 1885 50
Bills, receivable, 2 mortgage
notes $500, int. $50 $50 oN
Cash on hand and in banks 1913 e
head of live stock 800 W
Merchandise, stock on hand. 5104 u
furniture and fixtures 442 &c
~7orty-three bales of cotton, or
proceeds 2446 Il
1882 feet of cypress lumber 400 81
$14193 Is
Less accounts payable, due or
not due.-1-S38SZ 81
Less cash withdrawn. 10 Al