The Caldwell watchman. (Columbia, La.) 1885-1946, 1915-03-12
CHARTER OF
Ferguson Brothers & Com
pany Limited
State of Louisiana Parish of
Caldwell

Hal VII lne Loru udy vi Teulu-
ary 1915, before me the under
signed authority personallycame
and appeared the persons whose
names are hereunto subscribed,
and who declared that, availing
themselves of the constitution
and laws Of the State of Louisla-
ma relative to the organization
Of corporations, they have, and
do these present form themsel-
yes, and such others as may
hereafter become associated
with them, into a corporation
under the terms and conditions
and subject to the stipulatlons
and restrictions hereinafter set
forth, and they further declare
that they do hereby adopt, make
and constitute this their charter.
Article |
The name of this corporation
is and shall be the Ferguson
Brothers & Company Limited,
and under it's corporate name 1t
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 anc
personal property, and to own,
hold, buy and sell all classes OF
negotiable paper, bonds anc
mortgages, ard to own, hole
and keep for lease or hire teams
and vehicles, as we'll as motor
propelled machines, cars and We
hicles.
Article "
The capital stock of this cor
,poration is hereby fixed at the
sum of five thousand dollars, tt
be divided into five hundred
kshares of the par value Of ter
Fdollars each, the said stock to b.
paid for in cash by the subscrib
err, or in such property, real an(
personal as may be useful tt
the corporation, provided tina
no shares of stock shall be pai'
for in such property un
less the board Of directors 0
said corporation shall be so de
cided, and in that event tn
price of the said property shal
be fixed by the said board of di
} rectors, or said shares of stocI
may be paid for by the subscrib
err in such work or labor as tn
subscriber may do or perform
for the said corporation, at sue
price per day, week, month 0
: year as may be agreed upon be
tween him and the board of di
rectors hereinafter provided fol-
? And each. certificate of stoc
7 shall be in such form as tn
! board of directors hereinafte
! provided for may elect.
Article V
This corporation shall be an
, is hereby vested with all tn
! powers granted to corporation
of this kind under the laws
the State of Louisiana, and in il
!. corporate name it is authorize
to sue and be sued
4 Article VI
! The affairs of this corporate
o shall be managed and controle
by a board of five directors, an
; the first board shall be compo
s ed of E. s. Ferguson, W. 4
t Ferguson, G. B. Ferguson, j.
i Ferguson and j. B. Robinson
y and of which first board of d
rectors, E, S. Ferguson shall
!, president, W. A. Ferguson, vii
q president and G. B. Ferguson
Y secretary treasurer. All leg
!. process shall be made upon tt
= president. and in his absence
:. the vice president, and in ca
I of the absence of both the pre-
y ident and vice president, on Il
j. secretary-treasury at the dom
i cile of the corporation or at i
! place of business, and said of
=, GERS shall be and they are her
Il by vested with such powers
= may be conferred upon them
~ +Lo boorl &C dirootorc and fl