The Donaldsonville chief., 1914-04-04
C n A r r { r

/ 5. Lemann G. Bro, Incorporated
United States of America-State o
Louisiana-Parish of Ascension.
y E IT KNOWN, that on this 25tl
O day Of the month of March, IL
the year of our Lord, one Thousand
nine hundred and fourteen, and o
the independence Of the United
States of America, the one hundred
and thirty-eighth, before me, WAL
TER LEMANN, notary public, duly
commissioned and qualified in ant
for the parish and state aforesaid
and therein residing, and in the
presence of the witnesses hereinaf
ter named and undersigned, person
ally came and appeared the severa
persons whose names are hereunte
subscribed, who severally declared
that, aVailing themselves of the
| laws of this state in such cases
made and provided, they have cove
nanted and agreed, and do by these
presents convenant and agree, and
bind, form, and constitute themselves
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 l.
The name and title of said corpor-
alton shall be B. LEMANN & Bro,
INCORPORATED, and under it's 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 II.
/ The domicile of said corporation
shall be in the parish of Ascension,
state Of Louisiana, and all citations
Or other legal process shall be served
| upon the president of said corpora
ton, or, in his absence, upon either
the 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-
cIared to be: To carry on a gener-
al 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
ticn shall be TWO HUNDRED
THOUSAND DOLLARS (s2oO, ,o0o.0Ol,
made up of six hundred (60O) 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
pre- ferred stock shall be entitled by
preference and priority over COM
mon stock to dividends in each
and every year, at the rate Of six
(6) 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 ($6,0O0.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-
cially 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
ton, except as herein limited, shall
be vested in, and exercised by, a
board Of not less than three (3) nor
more than seven (7), who need not
necessarily be stockholders, to be
elected annually by the stockholders,
CONTINUED on page three