St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-04-15


Notary Publ.
t l certify that this instrument VI
l filed for record March 20, 1916,
IL q. M. recorded March -, 191
in Charter Book l. page s. ETC..
E the Official records.
t w. E. BLossMAN.
? by. Clerk and Ex-Omcio Recorder.
ap8-6t
sass Ks.
( Act Of Incorporation
Of tho
MERCHANTS GROCERY COM.
PANY, INC.
State of Louisiana, Parish OF St.
\ Tammany.
Personally came and appeared o
this 9Th day OF April. 1916, the PAL
ties whose names are hereunto sub
scribed, all Of full age, who declares
that, availing themselves OF the pro
tive to corporations, they have cove
nanted and agreed, and by thes
presents covenant and agree. an,
bind themselves, as we'll as sucl
other persons as may hereafter be
come associated with them. to form
and constitute corporation ant
corporation and body polite in law
Tor the purpose and objects and un
der the stipulations. articles ant
conditions following, to-wit:
article 1.
/ NH
poration shall be Merchants Grocery
lUOnapahy, incorporated. and its
domicile is hereby established ut Sli.
dell. st. Tammany Parish, Louisi.
ana; and under its said corporate
name said corporation shall have
power and authority to contract, sue
and be sued; to maFe and use cor
porate seal. and the same to break
and alter at pleasure. to hold, re-
ceiye, have. purchase, improve. alien
ate. convey, sell. borrow, pledge,
mortgage aud hypothecate under it,
said corporate name. property. real
and 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 affairs
as may be deemed necessary and
proper, and the same to change ano
alter at pleasure; and to do all
acts and things permitted by law o.
as may be necessary and proper to
carry out the objects and purposes
Of said corporation.
Said corporation, unless sooner
dissolved. in accordance with its
charter, shall exist and continue for
the period of ninety-nine years frOL
and after the date hereof.
The president or In his absence
the vice-president shall be the prop
er person upon whom citation OF
other legal process shall be served.
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.
cidental % a general wholesale gro
Gerry and grain business.
ARTICLE III.
The capital stock of the said cor
poration shall be Ten Thousand Dol
lars ($1O,OOO.OO) divided into and
represented by one hundred (1OO)
shares of the sum Of One Hundred
Dollars [ 5000 each which said
stock shall be paid for in cash at the
time OF the subscription or the same
may be issued, at not less than par
in payment or exchange for property
or rights actually received or pur-
chased by said corporation or the
same may be issued, full paid. for
money advanced, and for such Othel
valuable considerations or services
az the board of directors Of said COM
poration may determine; provided
that mo stock shall be issued until
the consideration therefor has been
received by the said corporation.
Any stakeholder may sell. assign
or transfer his stock In this corpora
ton, provided thirty 600 days prior
notice of such intention to sell. trans
fer o. 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 at its ONCE IN S1idell, LOU
isiana, and on the snrrender Of the
certificates thereof. No transfer OF
any fractional part OF y share shall
be made.
FIFTY per cent or Five Thousand
Dollars of the capital stock shall be
subscribed before the Ming Of this
act OF incorporation, and. fifty per
cent of the amount so subscribed
shall be actually paid In before the
corporation engages in business. and
the remainder Of the amount so sub
scribed shall be paid within one year
from and after the date hereof; the
residue cf the stock shall 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 w
The corporate powers of this COM
pany shall be vested In and exercis-
ed by a board of directors Of not
less than three (3) directors consist
ing Of the president and vice.preei-