The Era-leader. [volume] (Franklinton, La.) 1910-current, 1914-02-05
ARTICLE l.

and be sued, to make and use cor
Dorote seal and to alter same at pleas
lre; to hold. receive, have, purchase,
pledge, mortgage, and hypoth-
ecate unser the said corporate name,
property real, personal and mixed; to |
name and appoint such officers, direct
Ors, agents, managers or other en- |
plOyees as the interest or business OF |
this corporation may require; to es-
tablsh branch stores and to operate |
same in any part of the State of Lou
isiana as the Board of Directors may
to make and establish such |
bylaws, rules and regulations, for the
proper management Of its affairs, as it
may deem necessary and proper, and
the said corporation shall hold and eX-
ercise oil such powers and, privileges
as relates to the objects herein set
forth or that may be necessary to carry
on the business for which this corpora
ton is established and which this cor
pOration may legally do or perform
under the laws Of this State.
ARTICLE H.
The domicile of this corporation shall
be at Franklinton, Washington Parish,
Louisiana, where all citations, papers
and other legal process shall be served
upon the president, or in his absence
or inability to act, the secretary treas
urer. -
ARTICLE III.
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 drug store, confection-
cry and notion store; to buy and sell
either at wholesale or retail, drugs,
medicines, confectionery supplies, to-
bacc0 cigars and school books, md
such notions and novelties as are
usually sold in a firsttclass drug store,
and do all acts necessary and proper
business as above outlined or as Incl
| dental thereto.
ARTICLE ".
The capital stock of this corporation
shall be TEN THOUSAND ($10,000.00)
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 Three Thousand
($3,00000) Dollars Of its capital =tocr
shall have been SUBSCRIBED for, The
Board.of 81 d. ectors shall have the righ
IS determine how much stock shall bt
issued after the first Three Thousand
Dollars of its capital stock shall have
been issued.
Any stakeholder may sell. assign o.
transfer his stock in this corporation
no transfer of stock shall be mad,
unless the same is transferred on tn
books of this corporation at its office
ARTICLE V.
The corporate powers of this cor
poration shall be vested in and eXer
cised by a Board of Directors com
I: posed Of three stockholders and thei
decisions and acts shall bind this cor
poration: The, first election of tn
Board of Directors under this charte
stockholders to be held at the office o
the corporation on the first Monda
in January, 1915, and thereafter tn
stockholders shall elect a board of di
rectors on the first Monday in Jan
uary of each year, who shall serv
r until their successors shall have bee
elected and qualified. The Board o
Directors shall elect from among thei
number their officers, which shall b
President, President, Secretar
and Treasurer; the office of Secretar
and Treasurer shall be held by tn
same stakeholder. No person shall b
eligible as a director, or hold an offic
holder; during the absence of tn
President the Vice-Presdent shall &C
/ and preside in his stead. Notice of tn
election of the Board of Directors shaI
be given in writing by mail, addresse
. to each stakeholder at his usual plac
Of business ten days prior to said cleo
ton, and the Board of Directors shaI
, side at said election: and in the even
! that said stockholder shall fail to at
tend, the President shall appoint
stockholder to fill his vacancy: an
failure. for any cause whatever, to cleo
directors on the day named for tina
purpose shall not dissolve. this. cor
poration but the directors then in of
flee and the incumbent officers shaI
continue to serve until their successor
are chosen. At every election an
meeting of the stockholders. eac
stakeholder shall be entitled to on
vote for each share of stock registere
in his name, and the vote of the stock
: election of directors shall be by ballo
and the majority in the amount 0
7 votes cast, each share Of stock bein
counted as one vote, shall elect the per
r son or persons for whom they are cas-
The first Board of this corporatio
J shall be composed of w. NJ. Darlington
Miss Ellen Darlington and T. NJ Bah
ington, of whom w. NJ. Darlington sha]
be President, Miss Ellen Babingto
Vice President, and T. NJ. Babingto
| Secretary and Treasurer, who sha1
serve until their successors shall hav
been elected and qualified.
ARTICLE VI.
.. The Board of Directors shall have tn
power to fill all vacancies in thei
2 number caused by death. resignation
, or otherwise. from among the stock
holders of this corporation. The sal
bOard shall have full power and con
troll Of the property of this corporatio
0 and she'll conduct and manage the sam
consistent with the objects for who
I cordapce with the provisions set fort
in this charter. said Board is furthe
authorized to adont such laws. rule
: and regulations as the affairs and bust
e, ness of this corporation may requir,
and as may he necessary for the man
F., cement of the business thereof. pro
. vided the same shall not conflict wit
this charter. or the laws of the Stat
J. Of Lou siana, or of the United State
: The BOARD Of Directors shall elect O
h appoint sucM further agents. clerk
servants or other employees as the
nay deem necessary Cor the conduct
ling Of the business affairs of this col
ooration. and to fix their .compel