The Caldwell watchman. (Columbia, La.) 1885-1946, 1915-04-02

The name of this corporation
is and shall be the Ferguson
Brothers & Company Limited,
and under its corporate name it
shall exist for a period of thirty
years, unless sooner dissolved
pursuant to the laws of the State
of Louisiana, and in the manner
hereinafter set forth.
Article II
The domicile of this corpora
ton shall be and is hereby de-
clared to be at the town of Gray
son, in the Parish of Caldwell
and State Of Louisiana.
Article III
The business of and the OBJ
jects and purposes for which
this corporation is organized is
declared to be the conducting
and operation Of a store for the
sale by retail of articles of mer-
chandise of every kind and char
acter and to own, hold, buy and
sell real estate, both rural and
urban, to own, hold, buy and
sell all species Of live stock and
personal property, and to own,
hold, buy and sell all classes of
negotiable paper, bonds and
mortgages, ard to own, hold
and keep for lease or hire teams
and vehicles, as we'll as motor
propelled machines, cars and We
hicles.
Article w
The capital stock of this cor
s RHEPtPq i 1s5esy '5 aela q 'se
be divided into five hundred
shares of the par value of ten
dollars each, the said stock to be
paid for in cash by the subscrib-
er, or in such property, real and
personal as may be useful to
the corporation, provided that
no shares of stock shall be paid
for in such property un-
less the board of directors of
said corporation shall be so de-
cided, and in that event the
price of the SAID property shall
be fixed by the said board of d.
rectors, or said shares of stock
may be paid for by the subscrib-
err in such work or labor as the
subscriber may do or perform
for the said corporation, at such
price per day, week, month or
year as may be agreed upon be-
tween him and the board of d.
rectors hereinafter provided for.
And each certificate of stock
shall be in such form as the
board of directors hereinafter
provided for may elect.
Article V
This corporation shall be and
is hereby vested with all the
powers granted to corporations
of this kind under the laws Of
the State of Louisiana, and in it's
corporate name it is authorized
to sue and be sued
Article VI
The affairs of this corporation
shall be managed and controleG
by a board of five directors, and
the first board shall be compos-
ed Of E. S. Ferguson, w. A.
Ferguson, G.. B. Ferguson, J. S.
Ferguson and J. B. Robinson,
and of which first board (f Gi.
rectors, E, S. Ferguson shall be
president, w. A. Ferguson, vice
president and G. B. Ferguson,
secretary-treasurer. All legaI
process shall be made upon the
president, and in his absence or
the vice president, and in case
Of the absence of both the pres.
ident and vice president, on the
secretary-treasury at the domi'
cile of the corporation or at its
place Of business. ard said off
GERS shall be and they are here
by vested with such powers as
may be conferred upon them by
the board of directors, and the
present board of directors anl
officers hereinabove designated
shall hold office and exercise a.
the functions thereof until theil
successors shall be elected, pro
vided that the first board of di
rectors and officers to be elected
under this charter shall be hel(
at the domicile of this corpora
ton on the first Monday aftel
the 18th day Of January 1916
and on every recurring annua
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