Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1918-11-07
CHARTER
United States of America,
Sta e Of Louisiana,

lie in and for washington EdAi2A'
Louisiana, duly qualified, and IN the
presence of the witnesses hereinafter
named and undersigned, personally
came and appeared Edward K. Cas-
sidv. Ain. Dobbs and Jay o. Ward,
all residents of this parish and OF
fun age who declared that, availing
themselves of the laws OF this state
relative to the organization OF cor
poratiors, and especially Of Act num-
Der 267 of 1914 of this state, they
have covenanted and agreed and by
these presents do covenant, agree and
stipulatg 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-
Iitic in law, for the purposes and OBJ
jects ard under the stipulations and
condition following, to-wit:
ARTICLE /
The name and title 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
d common seal and the same to
change and alter at pleasure to ac-
quire, purchase, hold, lease, grant,
sch, 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, ala 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,
CONVEX, 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
deern 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 ts10,000.O0l, i
of which amount the incorporators
herein have subscribed for and paid
in the sum Of Five Thousand Dollars
($5, 100000 of said capital stock as
hereinafter stated. This corporation
shall re a going concern when Five
thousand Dollars ($5,0O0.00) of its
capital stock is subscribed and paid
for
ARTICLE "
AT any time during the existence
Of this corporation the remaining
stock, not subscribed, may be issued
to the incorporators 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 i
ther 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 anall be divided into and repre-
scented by one hundred shares Goo
sharesl of the par value of One Hun
dred Dollars (sIO0.00) per share. No
fractional share Of stock shall be is
issne1 All stock shall be preferred
stock, and each share issued shall par
ticipate 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
boar0 of directors shall be held, pro-
vided that, with the written consent
Of aH directors, such meetings may
be held elsewhere. All legal process
shall be served on the president, and
n his absence on the vice prsident
and secretary or any one of the di-
-ectors.
ARTICLE VIII
Tbs corporation shall continue for
he Period Of ninety-nine years, un-
ess sooner dissolved in accordance
With the provisions Of this charter,
+ the laws Of this state.
ARTICLE TX
All the affairs Of this corporation
hall be managed and conducted by !
board Of three directors, who shall
ave full power to manage the af-
airs pf the corporation and pass such !
ules, regulations and bylaws as they
eem proper for the conduct Of its
usiness. They shall have full power !
0 appoint all agents, managers or
mplcyes, and confer such power on
ach director and officer as they
eem necessary. A majority Of the q
GARD shall constitute quorum, and 7
heir .acts shall be valid corporate p
cts. A director to be eligible must t