St. Landry clarion. (Opelousas, La.) 1890-1921, 1914-08-22
United States Of America, State of Lou

OF the In0ntu OF July, III TIE year Vi Oul
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, Bettisor
William Clopton, Mrs. Julia Foote,
Widow of DR.. William F. Clopton, ane
Henry E. LoWrey, all residents 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
of the state OF Louisiana relative to the
organization 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 aflo
assigns, into a corporation, for the OBJ.
iects and purposes and under the terms,
conditions and stlpulations hereinafter
set forth, to-Wit:
ARTICLE /.
The name and title of this corporation
shall be w. F. Clopton & Company, In
e~orporated, and it shall have and enjoy
corporate succession for a period OF
ninety-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
1 ~, = - - ol,1- - :, I1, ~ ~, IYc
pose of property, real, personal or mix
ed; to contraet, sue andbe sued; to make
and use, ii it so desire, q 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 pleasures to name and EN-
Dloy 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
ssh 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 OF 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
Il and carry on all such business and
| transactions as are usually conducted
1T or in connection with generalcountry
| stores, or which may be complementary
or incidental to its principal business,
and to posses and exercise all the
! bowers, rights, privileges and immuni-
ties granted and permitted by law.
ARTICLE w
The Capital Stock of this corporation
s hereby fixed at the sum of Fen
| thousand Three Hundred (S10, 10000
| dollars, divided into and represented
by One Hundred and Three
| (l031 shares of the par value OF One
| Hundred Dollars ($f00.00l each, none
| preferred over others, with the privi-
iege of subsequently increasing the
amount of capital stock to Twenty-Five
| Thousand Dollars (S25, 000.001 as a
maximum limit, in the manner prescr1b-
| ed by law.
Ali of said one hundred and three
| shares of caDitaI stock are subscribed
and fully paid for at the execution OF
| this act of incorporation, the corporation
| issuing said stock for cash and property
| actually received from the undersigned
| subscribers in the proportions herein
lfter setferth, as payment Tor the IN
| teresf of said subscribers In the net as
sets and property of the general store
business formerly operated by the
partnership of w. F. Clopton e Com
/ pany. purchased by the corporation as
its actual cash value in property, cash
and credits of good character and con-
iition found at the corporations doml-
| ciIe at Morrow, La, without consldera-
| tionor payment for the good will OF the
partnership also transferred, all as IN
| gentoried and appraised by sworn ex-
oerts in the succession proceedings OF
he late DR.. w. F. Clopton, No. $3.50 OF
the probate files of ST. Landry Parish,
La, which valuation is hereby adopted
and made the a~ppraisement of the here
natter named and undersigned Direc-
| tors of this corporation; said property
being described in detail as follows:
Accounts receivable good $33755 SO
Bills. receivable, 2 mortgage
notes $500, int. S80..--.. 3 g
| Cash on hand and in banks 1043 q
head of live stock $50 0O
| Merchandise, stock on hand 5104 Al
Furniture and fixtures Az &C
| Forty-three bales of cotton, or
proceeds 2446 Is
1882 feet of r lumber 400 81
1873 Is
Less accounts payable, due or
not due.$3882 81
Less cash withdrawn. 10 II
s389328
sss93 Is
$4,000 0f
All transfers of stock shall be made
ON the books of the corporation on the
surrender Of the outstanding certificates
and as provided by law.
ARTICLE
All the powers of this corporation
shall be vested in, and its business anc
affairs shall be managed by, a Board OF
Directors, consisting of three t3l stock
holders, each owning at least n fully
paid for and unpledged share of stock.
Two directors shall at all times consti.
tute a quorum for the transaction Of
hl1siness- The Directors. except the