Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1918-10-31
CHARTER
United States of America,
State OF Louisiana,

Re II known that on this DAY, BE
fore me-. G.. Ellis Or, Notary PUB
liz III ANA for Washington PARISH,
T.ouisjdna. duly qualified, and IN the
nreseaee of the witnesses hereinafter
named and undersigned, personally
cane and appeared Edward K. Cas-
sidv 4. N. Dobbs and Jay o. Ward,
iii residents of this parish and OF
fuIl 8ge. who declared that, awaiting
Themselves Of the laws OF this state
relative to the organization OF cor
porat5ons, and especially OF Act num-
her 267 of 1914 of this state, they
have a,ovenanted and agreed and by
these presents do covenant, agree and
stimulate and bind themselves, as well
As such othr persons as may become
associated with them, and do form and
constitute a corporation and body po-
lite In law, for the purposes and OBJ
iects and under the stipulations and
condition following, to-wit:
ARTICLE
The name and titIe Of said cor
poration shall be "City Mercantile
Company, Inc."
ARTICLE II
Said corporation shall have power
to sue and be sued; to make and use
q common seal and the same to
change and alter at pleasure; to ac-
uuire, purchase, hold, lease, grant,
sell, pledge, mortgage, cucumber and
handle generally all kinds of prop
erty, real, personal and mixed; to
make bylaws, rules and regulations
not Inconsistent with this charter or
the laws of this state; to appoint such
officers, agents and employees. as its
business may require and fix their
COMPENSATION; to wind up and dis
solve itself; and to have such powers
generally as is conferred by law on
corporations.
ARTICLE III
The object and purpose for which
this corporation is organized is here
by declared to be the following, to-
wit:
To buy and sell, at wholesale or re-
tail, for cash or credit, ali kinds of
goods, wares and merchandise, chat
tells, live stock and all kinds of per-
sonal property; to purchase, hold,
lease, own, mortgage, pledge, sell,
convey, improve, and handle all man
ner Of property, real, personal, and
mixed; to establish and operate one
or more branch stores and places of
business in Washington Parish,
Louisiana, or elsewhere as permitted
by law, as the board of directors may
deem fit; and generally do all the
acts and things necessary, Incidental
and proper in carrying out the pur-
poses and objects of this corporation.
ARTICLE w
The capital stock of this corpora
ton is hereby fixed at the sum of
Ten Thousand Dollars $50, 100000,
Of which amount the incorporators
herein have subscribed for and paid
in the sum of Five Thousand Dollars
($5, 000.00) of said capital stock as
hereinafter stated. This corporation
shall be going concern when Five
Thousand Dollars ($5,OO0.00) of its
capital stock is subscribed and paid
for.
ARTICLE v
AT any time during me existence
of this corporation the remaining
stock, not subscribed, may be issued
to the incorporates herein, or to fu-
ture purchasers of the stock, on the
payment to the corporation Of the
then value of the stock as determined
by the board of directors, either in
cash or for property actually re-
ceived by the corporation satisfactory
to the board of directors. No fur
Their stock shall be issued beyond the
capital stock as herein fixed without
an amendment of the charter.
ARTICLE VI
The capital stock of this corpora
tion shall be divided into and repre-
scented by one hundred shares Goo
shares4 of the par value of One Hun
dred Dollars (S100.O0l per share. No
fractional share of stock shall be is
issue1. All stock shall be preferred
stock, and each share issued shall par
tfcipHte equally in the dividends.
ARTICLE VII
The domicile of this corporation is
hereby fixed in the City of Bogalusa,
Louisiana, where all meetings of the
board of directors shall be held, pro-
vided that, with the written consent
of an directors, such meetings may
be held elsewhere. All legal process
shall be served on the president, and
III his absence on the yice-prsident
and secretary, or any one Of the di-
recto8s.
ARTICLE VIII
Tbs corporation shall continue for
the period of ninety-nine years, UNI
less sooner dissolved in accordance
with the provisions of this charter,
or the laws Of this state.
ARTICLE TX
An the affairs Of this corporation
shall be managed and conducted by
a board Of three directors, who shall
have full power to manage the af-
fairs of the corporation and pass such
rules, regulations and bylaws as they
deem proper for the conduct of its
business. They shall have full power i
to appoint all agents, managers or
employees, and confer such power on
each director and officer as they
deem necessary. A majority of the