The Era-leader. [volume] (Franklinton, La.) 1910-current, 1914-03-12
ARTICLE II.

The domcle of this corporation shall be at
Sunny Hill, Washington Parish, Louisiana,
where all citations, papers and all other legal
process shall be served upon the president, or
in his absence or inability to act, the secretary
treasurer.
ARTICLE ILL.,
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 a general merchandise store, to
buy and sell either at wholesale or retail
and do all acts necessary and proper
for the conduct and maintenance of the
business as above outlined, or as incl
dental thereto.
ARTICLE w.
The capital stock of this corporation
shall be TEN THOUSAND ($1O,OOO.O0)
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 Five Thousand (S5,OOO.OO, Dol
lars of its capital stock shall have been snb-
| Scrlbed for. The Board of Directors shall have
| the right to determine how much stock shall
| be issued after the first Five Thousand Dollars
| of its capital stock shall have been issued.
Any stockholder 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 their
decisions and acts shall bind this COR
poration. The first election of the
shall be held at a meeting of the
stockholders to be held at the office of
the corporation on the first Monday
in January, 1915, and thereafter the
stockholders shall elect board of di-
rectors on the first Monday in jan
until their successors shall have been
elected and qualified. The Board of
Directors shall elect from among their
number their officers, which shall be
President, VicePresident, Secretary
and Treasurer; the office of Secretary
and Treasurer shall be held by the
same stakeholder. No person shall be
eligible as director or hold an office
in this corporation. who is not a stock
holder; during the absence of the
President the Vice-President shall act
and preside in his stead Notice of the
election of the Board of Directors shall
be given in writing by mail, addressed
to each stakeholder at his usual place
or business ten days prior to said cleo
ton, and the Board of Directors shall
appoint one of the stockholders to pre-
side at said election; and in the event
that said stakeholder shall fail to at
tend the President shall appoint a
stockholder to fill his vacancy; any
failure, for any cause whatever, to elect
purpose shall not dissolve this cor
poration, but the directors then in Of
flee and the incumbent officers shall
continue to serve until their successors
are chosen. AT every election and
meeting, of the stockholders, each
stockholder shall be. entitled to one
vote for each share of stock registered
in his name, and the vote of the stock
holders may be cast by proxy. The
| election of directors shall be by ballot
and the majority in the amount of
tvotes cast, each share of stock being
counted as one vote, shall elect the per-
/ son or persons for whom they are cast.
The first Board of this corporation
/ shall be composed of James o Magee, Arthur
Magee and Elmer Afford, of whom James O..
Magee shall be president, Elmer Afford, Vice
President and Arthur Magee, secretary and
Treasurer, who shall serve until their success
sors shall have been elected and qualified.
! ARTICLE vi.
The Board of Directors shall have the
power to fill all vacancies in their
number caused by DEATH resignation
or otherwise, from among the stock
holders of this corporation. The said
board shall have full power and con-
troll of the property of this corporation
and shall conduct and manage the same
consistent with the objects for which
this company Is organized and in ac-
cordance with the provisions set forth
in this charter. Said Board is further
authorized to adopt such laws. rules
and regulations as the affairs and bust
ness of this corporation may require
and IS may be necessary for the man
agement of the business thereof, pro-
vided the same shall not conflict with
this charter. or the laws Of the State
Of Louisiana, or of the United States
The Board of Directors shall elect or
appoint such further agents. clerks
servants or other employees as. they
may deem necessary for the conduct
ing of the business affairs of this cor
"n"ation and to fix their compen,
sation and term of service. with the
right to. dismiss them at pleasure.
ARTICLE VII.
The cherter may be changed, modi-
fed or amended. or the capital stock
If this corporation increased or de-
! creased, or the corporation may be dis
isolved at a general meeting of the