The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1918-05-25

10 HE
CHARTER
The CentreviIle Mercantile Company,
Limited.
PARISH OF ST. MARY.
Before me, Wilbur H. Kramer. Clerk Of
the 23rd judicial District Court, st. Mary
Parish, Louisiana. ex-OfticiO Notary
Public thereof. duly commissioned and
qualified within and for said Parish and
State, and in the presence of the witnesses
hereinafter named and undersigned. per.
sonally came and appeared A.. F. Ricaud
and H. 5. N0rdyke, residents of the Parish
of st. Mary, state of Louisiana, herein
appearing IN their capacities as President
and Secretary. respectively. of 1.-The Cen.
treyille Mercantile Company, Limited" q
corporation duly organized under the
laws Of this State by an Act of Incorpora.
ton executed by Isaac s. Wooster, No.
tary Public, St. Mary Parish, La. Jalu.
! airy 10Th, 1909, duly recorded in the Re.
corder's Office of the Parish of St. Mary,
in Book 81 OF Mortgages, page $685. Entry
No. 4.Ol6. of date February 4th, 1909. and
as amended by the stockholders thereof,
March Slst- 1911, duly recorded in Book 81
Who declared that. at a meeting Of the
stock holders Of 1.-The Centreville Mer0an.
tile Company, Limited" held at its domi.
Gle in the Town OF Ceptreyille, La, on
| the 18th day Of May. 1918, for the purpose
| OF considering the amendment OF the ohar~
ter Of the corporation held after due oom.
the charter OF the said corporation, the
charter Of the corporation was amended
by the vote Of each and every stakeholder
present or represented at said meeting;
And the said A. F. Ricaud and h. 8,
Nordvko further declared that ut said
meeting, they we're authorised and d.
rected to appear before some competent
qualified Within and for the Parish Of St.
Nary, La, TO execute the proposed no.
tarial &C. and declaration Of the amends
ment Of said charter, as required by law,
for the purpose of affordlng authentic
evidence and permanent record thereofi
Wherefore. the said appearers declared.
Of the r.. do S.E.t mus con.
that, at the said meeting held May 18th,
1918, the charter of 1.-The Centreville Mer.
camille Company, Limited, was amended
as to Articles and . of said original act,
and said amended apt Of said act of ipcor.
poratlon, so that said Article and shall
hereafter read and be as follows:
ARTICLE w.
| Capital Stock.
The Capita! STOCK Of this corporation il
So. 900 00( pollars, divided into and rep.
resented By FIFTEEN Hundred tlSWl shades
of stock, Of the amount Of FIFTY $50 DOL
OF which amount Five Hundred (5OO)
shares or the total amount Of Twenty. five
mi mn nj
paid for In full and issued to the owners
thereof.
Treasury Stock.
The remaining One Thousand ilooO)
shares belonging to the corporation, being
designated TEaasuryiSt0ckJ to be issued
from time to time by the Board Of Direc.
tortl1o' such persons and In such amounts
Is 1t may deem most advantageous to the
corporation; to be paid for in cash or other
never less than its ACTUAL value, 40 s46W
by the books OF the corporation, at the
date Of issuance aud at no time less than
its par yaIHe of'Fifty t$5c.oo) Dollars pei
share:
Transfer OF Stock.
1fapy stock shall be sold by its ewpe,
to any one el.e, Or presented TO the officers
first be rendered BY the holder thereof (
the Board of Directors Of the cofhHratioa
who shall have authority to RSrekass
same At it's boob or Mafkel value 81 ~
date. to be considered E. fr"''- :.
sna II. 70 ; Be 9, :o!d ~ the ,-ry stoel
70 ths ssms ..oard of director
Tanner as herelnabove pro
...u tor Treasury stock; provided tha
II said Board of Directors fail within
period of one week, after said tender ha
Deen made, to avail itself of its option
be ut full liberty to sell same other ths
to the Board of Directors, or to have sam
transferred to such persons Is he desie
nate.
No stock shall be transferred except Q
the books of the corporation. and tt
person to whom the shares are SO tran
ferred shall receipt for same.
On the death Of any stockholder his II
gal representative shall be entitled to q
sumo control of and transfer said stock
his name.
Board of Directors.
All the powers OF this corporation shs
be vested in and exercised ny Board
| Directors. to be composed OF not less tn;
three or more than ten stockholders, to
elected annually on the third Wednesd
in july of each year, beginning on Wedne
day, July 18th, 1918.
The stockholders before proceeding
elect Board Of Directors At each annu
meeting, shall fix the number within t
limits above prescribed, majority
:, whom shall constitute quorum.
y such elections shall be held by ballot q
!. conducted ut the Office of said corporate
l. under the supervisiOns Of three comm
Ia siOners to be appointed by the Board
q Directors.
70 Any vacancy occurring among the !
N rectois, by death. resignation or otht
n wise, shall be filled by election for the !
j. mainder of the term Of the remaining l
e ro.tOrs. The failure to elect Dlrect'
]. upon the date above specified shalt
= y dissolve the corporation nor impair
8 corporate management. but the Direct'