The Caldwell watchman. (Columbia, La.) 1885-1946, 1915-04-09
CHARTER OF
Ferguson Brothers & Com
pany Limited
State of Louisiana Parish OF
Caldwell

that on the 23rd day Of Febru
airy 1915, before me the under
signed authority personaIIycame
and appeared the persons whose
names are hereunto subscribed
and who declared that, awaiting
themselves of the constitution
and laws of the State Of louisa
ma relative to the organization
of corporations, they have, anc
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 stipulations
and restrictions hereinafter Sc
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 its corporate name il
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 ve-
hicles.
Article "
The capital stock of this COR
poration is hereby fixed at the
sum of five thousand dollars, to
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 I'M
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 its
corporate name it is authorized
to sue and be sued
Article VI
The affairs of this corporatio,
shall be managed and coatro.ct
by a board of five directors, ant
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 # Gi
rectors, E, S. Ferguson shall b
president, W. A. Ferguson, vic
president and G. B. Ferguson
secretary treasurer. All legs
process shall be made upon tn
president, and in his absence O
the vice president, and in cas-
of the absence of both the pres
ident and vice president, on tn
secretary-treasury at the dom
cile Of the corporation or at it