The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1917-03-08
Cha rter
The Plain Dealing Mercan-
tile Company, Limited.


irg articles as the Charter to govern
themselves, and others as may be-
come associated with them, or sue
coed. them in business.
ARTICLE 1.
The name and title of said corpora
tion shall be THE PLAIN DEALING MER-
CAMILLE COMPANY, Limited.
ARTICLE II.
The domicile is declared to be in
the town of Plain Dealing, La.
ARTICLE III.
The duration of this corporation
shall be for twenty-five years from
this day.
The purpose of this corporation is
declared to be to buy and sell general
merchandise, to own, buy and sell
real estate, buv and sell personal
property, machinery. farm imple-
ments, and automobiles, and to do
any and all thinys connected with
the above lines of business.
ARTICLE v.
All citations and legal processes
shall be served on the President. and.
in his absence. en- the Vice President
or Secretary-T Treasurer.
ARTICLE vi.
The capital stock Of the corpora
ton is authorized at Fifteen Thous-
and fS15, o0O.00) Dollars, divided in
to $50 shares of One Hundred
fs100.O0l Dollars each, which shall
be paid in cash to the corporation.
The corporation can begin business
as soon as Seven Thousand, Five
Hundred (S7,50O.O0) Dollars has
been subscribed and paid in to the
cornoration.
No certificate of stock shall be
issued before it is fully paid for in
cash or Iroperty actually paid into
the corporation at such time and
place as the Board of Directors shall
direct.
All stock shall be common stock,
and all not sold shall remain as
treasury stock.
ARTICLE VII.
The affairs of the corporation shall
be under a Board of Directors COM
posed of five stockholders. The d.
rectors to be elected annually at a
regular neetino called for this pur
pose, to be held at the office of said
corporation en- the second SATURDAY.
of January of each year. aften ten
davs' legal notice has been given to
all the stockholders, in writing.
Until the first regular meeting
the following shall he the Board Of
Directors: G. T. MAYS DIR. I. N.
Keonn. R. r. Cheshire, L. C. Keoun
and M. N. Wingett.
i ARTICLE VIII.
The Officers of the corporation
shall be President, Vice President,
and Secretary Treasurer, to be elect
ID annually at REGULAR meeting of
the Board Of Directors on the Sec
ond Saturday of January of each
year. Until the first election, the
following shall be the officers: G.
T. Mays. President; r. R. Cheshire,
Vicepresident, and M. N. Wingett
Secretary Treasurer, who shall serve
until their successors are elected.
ARTICLE TX.
No stakeholder of the corporation
shall ever be held liable or RESPONSE
BILE for the faults or contracts thereof
in any further sum than any unpaid
balance on the stock subscribed fol
or owned by him. nor shall any in
! formally in organization have the eff
!, feet of rendering the charter null ant
:. void or of exposing any stockholde,
: to any liability beyond the unpait
: balance on stock to the. corporation
: ARTICLE X.
Whenever this corporation is dis
solved bv limitation or otherwise, tn,
!, affairs shall be liouidated by boart
: to he elected for that purpose by tn,
. stockholders at a nesting called TO
this purpose. In case of death O
: failure to act of any one or more o
;, the liauidators. the remaining one
shall select some one from the stock
holders. to fill the vacancy.
When the, liquidators shall hav
performed their duties. they shall
, prepare a statement Of the affairs o
. the business, and be sent to all tn
. stockholders, and they ask to be re
5, lieved Of the work.
This done and signed in my office
q in the Parish of Bossier, in the pres
{ ence of the subscribing witnesses, F
R. Garrett and J. D. Wilson, on thi.
e the 26th day of February, 1917.
!, G. r. MAYS.
l. r. r. CHESHIRE (by G. 7. Mays
& T. N. KEoUN.
q L. G.. KEoUN.
$, M. N. WNGETT.
Witnesses:
l. F. r. GARRETT.
n id. WILSON.
/ NJ. S. BoLNGER, Notary Public
!" Ednorsed-Filed for record March
1917, at II o'clock am.
81 JAS. M. HENDERSON,
lie Clerk ond er-o6icio Recorder.
- State of Louisiana, I hereby certi1
= Parrish of Bossier. ! that the above an
foregoing is true and correct copy I
the original act, as the same now az
pears on file in this Office, duly recorde
March 1, 1917, in Charter Book I
e. Mortgages, Volume w, pages q ct Sc
n Given under my hand and seal, of
II