The Era-leader. [volume] (Franklinton, La.) 1910-current, 1914-04-09
ARTICLE ii.

Under the laws or tllio o'o@o
ARTICLE II.
The domcie of this corporation shait VIC ."
Sunny Hill, Washington PARISH, LOUISIANA
where all citations papers ana al o.i5i "r
,'roness shall he served upon the president Vi
ahsence or inability to act, the secretary
treasurer. |
ARTICLE III.
Tho objects and purposes for Whlch
+hia corn0ration is established, and the
natnra of the business to be earned Oh
h., # are hereby declared to be the
| ,neration of a general merchandise store, w
bny and sell either at wholesale or re'ai'
and do all acts necessary ana plopel
| for the conduct and maintenance vi tie
business as above outlined, or as lhcl-
dental thereto
ARTICLE ".
The capital stock of this corporation
shau he TEN THOUSAND iSlO,VVo'oVJ
| DOLLARS, divided into ana represeHteu
bv One Hundred Shares OF STOCK d. the
par value of One Hundred Dollats eaeli,
said stock shall be paid for IN caSn
at the time of subscription, or as the
same is issued for not less than par
or in payment or in exchange lot piop-
erty actually received or purchased ny
this corporation, or for work or SCI
vices actually rendered. ,o
! This corporation may commence 40
ing business and shall be gong con-
Germ as soon as Five Thousand ($5,OOOOOy Dol
lars of its capital stock shall have been sno-
scribed for The Board of Directors shall have
the CHIT 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
nosed Of three stockholders, and their
decisions and acts shall bind this cor
poration The first election Of the
Board of Directors under TINS cnartel
: 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
G stockholders shall elect board Of d.
L rectors on the first Monday in Jan
uary of each year, who shall serve
until their successors snail nave 9ee 81
r
L Directors shall elect from among then
number their officers, which shall b'
J. President, President, Secretary
4 and Treasurer; the office of Secretary
- and Treasurer shall be held hy, th'
+ same stockholder. No person shall b'
a in this corporation, who is not stock
holder; during the absence Of tn
4 President the Vice-President shall &C
y and preside in his stead. Notice of tn
!. election of the Board of Directors shall
- be given in writing by mail, addresses
of 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 even
that said stakeholder shall fail to at
tend the President shall appoint
stakeholder to fill his vacancy; an
u failure, for any cause whatever to cleo
-, directors on the day named Tor tina
IF purpose shall not dissolve this, cor
poration, but the directors then in of
l. flee and the incumbent officers sha1
I continue to serve until their successor
10 meeting. of the stockholders,, eac
IL stockholder shall be entitled to on
20 vote for each share of stock registere
10 in his name, and the vote of the stock
re- holders may be cast by proxy. Tn
70 election of directors shall be by bale
ana lHe Ill lHG dlIoull
votes cast each share Of stock bein
y counted as one vote, shall elect the pei
son or persons for whom they are cas-
n. The first Board Of this corporatio
shall be composed of James q Magee, Arthr
Magee and Elmer Afford, of whom James
Magee shall be president, Elmer Afford, Vict
President and Arthur Magee, Secretary an
., Treasurer, who shall serve until their success
II sors shall have been elected and qualified.
er ARTICLE VI.
J. The Board of Directors shall have til
. power to fill all vacancies in the
"a or otherwise, from among the stocl
holders of this corporation. The sa
board shall have full power and COZ
81 troll of the property of this corporate
In and shall conduct and manage the san
81 consistent with the objects for whic
CHS company is organized and in a
IS cordance with the provisions set fort
IS in this charter said Board is furth
IS authorized to adopt such laws, ruiz
and regulations as the affairs and bus
u ness Of this corporation may requir
4 and as may be necessary for the maj
b agement of the business thereof, pr
4 vided the same shall not conflict wi
this charter. or the laws of the Sta
a of Louisiana, or of the United State
The Board of Directors shall elect
appoint Such lhrther hSehtS, cieTk
b servants or other employees as tn,
may deem necessary for the conduc
ing of the business affairs of this co
poration. and to FIX their compe
sation and term of service. with t
right to dismiss them at pleasure.
ARTICLE VII.
The charter may be changed. moo
fled or amended or the capital sto
b of this corporation increased or d
e creased, or the corporation NAV be hi
solved at general meeting of t