The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1914-05-09

Neuralgia, Headaches, Cramps,
Collie, Sprains. Bruises, Cuts and
Burns, Old Sores, Stings of Insects
Etc. Antiseptie Anodyne,used in
ternally and externally. Price Csc.
presents covenant and agree, and
as well as such persons as may here
after join or become associated with
them, into a corporation and body
polite in law, for the objects and
purposes, and under the agreements
and stipulations following. to-wit:
ARTICLE !.
The name and title of said corpor-
alton shall be B. LEMANN Il BRO,
INCORPORATED, and under its said
corporate name it shall have power
and authority to contract, sue, and
be sued; to make and use a corpor-
ate seal, and the same to break or
alter at pleasure; to hold, receive,
lease, purchase, convey, pledge or
mortgage, under its corporate name,
property, both real and personal; to
lend or borrow money; to name and
appoint such officers or agents as
the interest and convenience of said
corporation may require; to make
and establish such bylaws, rules and
regulations as may be necessary and
proper; and generally to do all such
acts and things as may be necessary,
proper or convenient to carry out the
objects and purposes of said corpora
ton Or incidental thereto.
ARTICLE Il.
The domicile of said corporation
shall be in the parish of Ascension,
state Of Louisiana, and ali citations
or other legal process shall be serred
upon the president of said corpora
tion, or, in his absence, upon either
tbs vice president or the secretary.
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 hereby de-
clared to be: To carry on gener-
I'll wholesale and retail mercantile
business, dealing in merchandise
and commodities of all sorts, receiving
Same on consignment, purchasing and
selling same directly or on commits
sion.
ARTICLE ".
The capital stock of this corpora
ten shall be TWO HUNDRED.
THOUSAND DOLLARS $500, 100000,
made up of six hundred 5000 shares
OF preferred stock, and fourteen
hundred (1400) shares of common
stock, of the par value of one hun
dred dollars (S100) per share. The
preferred stock shall be entitled by
mon stock to dividends in each
and every year, at the rate of six
(6J per cent per annum, payable out
of the net profits, which dividends
shall be cumulative, and said pre-
ferred stock shall be entitled to no
other Or further share of the profits.
The said preferred stock may be
retired at the rate of six thousand
dollars (s6,000.O0) per year, at the
event to be retired proportionately,
and no right to dividends on such
retired portion shall exist after no.
tice to stockholders of record. No
dividend shall be declared or paid on
the common stock until the preferred
stock shall have been fully retired
at par with all accrued dividends.
In the event of any liquidation or
dissolution of the company. hold
ers of the preferred stock shall be
paid in full with accrued dividends
by preference over the holders of
the common stock. Both classes of
stock shall vote on an equality.
Both preferred and common stock
shall be issued only at par for cash
or for property Of equivalent value
The whole of said preferred and
common stock may be issued and
delivered to any persons, firm or cor
poration for the requirement of the
rights, privileges, and property, or
any part thereof, now owned or con-
trolled by the mercantile firm of B.
LEMANN & BROTHER. The incor-
porators, OR the board of directors
hereinafter created, are hereby spe-
claliy authorized to issue the stock
of the corporation for any and all of
The purposes above stated as in The
judgment OF either body may be fair
and proper, and to fix the terms of
disposition accordingly.
ARTICLE V.
All Of the powers of this corpora
Ion, except as herein limited, shall
be vested in, and exercised by,
BOARD of not less than three 60 nor
more than seven (7), who need not
necessarily be stockholders, to be
elected annually by the stockholders,
IN the fourth Monday in January of
Zach year. All such elections shall
De by ballot. Notice of all meetings
IT stockholders, except as otherwise
'equlred by law, shall be given by
me weeks written notice to each
'tockholder, mailed to his last known
'ostoffice address. Each stockhoId-
II shall be entitled to one vote for
'aca share OF stock standing in his
tame on the books OF the company.
Q be cast in person or by Mroxy,
nd a majority OF the Votes cast |
hall elect. The board of directors
nal have the power to fill all va
anc1es that may occur in the board. /
failure to elect directors shall not
l1ssoive the corporation, but the di-
ectors then in office shall remain |
office until their successors are |
leeted. The directors, at their |
lrst meeting after each election.
hall elect a president, vice presi-