St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-04-22

l certify that this instrument wa!
filed for record March %, 1916. a
IL q. m, recorded March %, 1916
in Charter Book /, page IS etc. o.
the oficial records.
w. E. BLOssMAN.
by. Clerk and Ex-Ohicio Recorder.
apS-6t
| Act Of Incorporation
MERCHANTS GROCERY COM
PANY, INC.
| State of Louisiana, Parish OF st.
Tammany.
Personally came and appeared on
this 9TH day OF April. 1916, the par
ties whose names are hereunto sub
scribed. all OF full age. who declared
that. availng themselves OF the pro-
visions OF the laws OF this State rela-
tive to corporations, they have cove
nanted and agreed. and by these
presents covenant and agree, and
bind themselves, as well as such
other persons as may hereafter be
come associated with them. to form
and constitute = corporation and
corporation aud body polite in law,
for the purpose and objects and un-
der the stipulations. articles and
conditions following. to-wit:
article l.
The name and title of the said cor
chon no s,fS (ssNhQsv
Company, Incorporated, and its
domicile 10 hereby established at Sill
dell. st. Tammany Parish, Louisi-
ana; and under it, said corporate
name said corporation shall have
power and authority 10 contract. sue
and be sued; to make and use cor
porate seal. and the same to break
and alter at pleasure; to hold. re-
ceive. haye. purchase. improve, alien
ate, convey. sell. borrow, pledge,
mortgage and hyp0thecate under its
said corporate name. property. real
ana personal and mixed; to name
and to appoint such officers. direct
ors, agents and managers or employ
es as the interest or convenience OF
said corporation may require; to
make and establish bylaws, rules
and regulations for the proper man
agement and regulation Of its aftairs
as may be deemed necessary and
proper, and the same to change anu
alter at pleasure; and to do all
acts and things permitted by law {.
as may be necessary and proper to
carry out the objects and purposes
OF said corporation.
Said corporation, unless sooner
dissolved, in accordance with It's
charter, shall exist and continue TOR
the period OF ninety-nine years froIj
and after the. date hereof.
The president or IN his absence
the vice-president shall be the prop
er person upon whom citation or
other legal process shall be served.
p. ARTICLE II.
The objects and purposes TO.
which this corporation Is organized,
and the nature of the business to b.
carried on by it are declared to be
the following, to-wit:
A Wholesale grocery and grain
business; to hold or to purchase oils,
wire, etc; and any other product In
CAuCAtAA ~ u 6O0OA&A WAOAC0AAS 6AO-
Gerry and grain business.
ARTICLE III. 80
The capital stock of the said cor
poration shall be Ten Thousand Dol
lars lxlO.OOO.OO) divided into and
represented, by one hundred (10&t
shares .ot the sum Of One Hundred
Dollars {. 5000 each which said
stock shall he paid for in cash atthe4
time, Of the subscription or the same
may be issued.' t,nQt less than par.
in payment OF exchsnge for property
or rights actually received or opur-
chased by said corporation or the
same may be issued, full paid. for
money advanced. and for such othel
valuable considerations or services
as the board of directors of said COM
poration may determine; provided
that NO stock shall be issued until
the consideration therefor has been
received by the said corporation.
Any stockholder may sell, assign
or transfer his stock in this corpora
ton, provided thirty (30) days prior
notice of such intention to sell, trans
fer or assign the same be given the
company and the other stockholders
thereof shall have the first privilege
of purchasing same. after which
thirty days notice the said stock
may be sold in open market.
The stock Of said corporation may
be transferred under the above con-
ditions. provided such transfers
thereof be made ON the books of said
company ct IL once in Slidell, Lou
isiana, and on the surrender Of the
certificates thereof. No transfer of
any fractional part Of a share shall
be made.
Fifty per cent or Five Thousand
Dollars Of the capital stock shall be
subscribed before the filing of this
act of incorporation, and fifty per
cent Of the amount SO subscribed
shall be actually paid in before the
engages In business. and
tho remainder Of the amount 90 sub
scribed shall be paid within one year
from and after the date hereof; the
residue If the stock snail be issued
and paid for subject to the action
of the board Of directors in conform
ity with the existing provisions OF
law relating to corporations.
ARTICLE Nv.
The corporate powers OF this COM
pany shall be vested in and exercis-
ed by 4 board OF directors Of not
less than three (3) directors consist