The herald., 1914-04-02

nature OF the business to be carried on by
IL are declared to be TO carry on a general
merchandise business, that II to buy and sell
sugar. rice, vegetables and other farm prod
uCtS. as well as all other kinds OF mcrChan-
disc, and TO receive for sale and TO sell on
commission sugar. rice, vegetables and other
farm products, and all kinds OF merchandise
whatsoever consigned for sale; 10 make adj
vauCcs ON such conslgumeuts, and to charge
for such sales and advances, and generally
20 do all acts and TO enter into all con-
tracts that may be necessary, convenient or
appropriate in the accomplishment OF the
Article ~. The capital stock Of this cor
poratiou shall be one hundred thousand $780,
$1,000 dollars, divided into thousand shares
81 the par value Of one hundred dollars
$1,000 each, payable when issued, in cash,
or other property. or for services rendered. or
actually performed as decided by the board
of directors, and this corporation is to be a
going concern when 5000 OF said stock has
been subscribed and paid for. Each share
Of stock shall be entitled to one vote at all
general elections.
Article V No stakeholder shall ever be
liable or responsible for the Indebtedness.
faults. or defaults of this corporation, nor
shall any mere lnfOrmality in the organiza-
ton OF the corporation have any effect OF
rendering the charter null of exposing the
stockholders to any liability beyond the I'M
paid balance, II any, on his stock Subscrip-
ton.
Should any stockholder desire to sell his
stockholders Of the company through its
board OF directors. and the stockholders who
desire TO purchase shall have the right to
purchase the same, IN proportion to their
holdings OF stock IN the company Should
said stockholders in seventy-two hours after
notice having been given fail or refuse 70
purchase the stock offered for sale such stock
may be sold to any one.
No transfer Of stock shall be made or held
70 be valid and binding unless made on the
books OF the company, and unless made IN
pursuance OF the provisions OF this charter.
Article VI. This corporation shall have all
powers granted to such corporations by law,
and shall have the power to contract, to Dor
row money and evidence the same by notes
and 70 secure the notes by mortgage or
pledge of any property owned by it, sue and
be sued IN ITS corporate name, and 20 own,
hold, receive, loan, lease, purchase, sell and
convey or mortgage any and all acts or things
OF any other kind, nature or description, as
may be necessary to carry out the objects
and purposes Of said business as its interests
and convenlcnceS may require.
Article VII. The business Of said corpora
ton shall be directed by and vested in a
board OF directors composed Of three stock
holders, a majority Of whom shall constitute
a quorum for the transaction Of all business
and the said directors first constituted
shall be Leon Calm, N; Coguenhem and Leon
PieIfer, and they shall hold office until the
last Wednesday OF March, 1915 and on that
day and from each any every day thereafter
elections shall be held annually for directors
n the principal Office OF the corporation.
Failure 70 hold an election on the day speci-
ned shall not dissolve the corporation, but
the directors IN Office shall hold their re-
spectlve office until an election shall be held
after ten days notice Of the time and place
thereof given TO each stocEholder. The an
uual election shall be held on the last We'd
nesday OF March, 1914. and thereafter on the
last Wednesday Of March Of each succeeding
year and the directors shall be chosen by
ballot, and the election shall be held between
the hours OF 10 a m. and p. m. All vacan-
cies on the board of directors for whatever
cause shall be called by the remaining d.
rectors. Leon Calm shall be the first presi.