Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1918-12-05
CHARTER
Omitted States Of america,
State Of Louisiana,

&c in and for Washington Parish
4soUisiana, duly qualified, and IN the
Rxesence Of the witnesses herelnaIseI
Wanted and undersigned, personally
eane and appeared Edward 4. Cas-
,siriy, A. N. Dobbs and Jay O. Ward.
I'll residents of this parish and OF
full age, who oeclared that, awaiting
Aaesnselves of the laws OF this state
weaative TO the organization OF cor
Dor4ltlOns, and especially OF Act num-
Her 267 of 1914 Of this state, they
haye eoVenanted and agreed and by
Rhese presents 10 covenant, agree and
a...,,l.s..z AM. bind themselves, as well
an such othr persons as may become
assccated with them, and do form and
.eoustitsIte a corporation and body po-
aiac in law, for the purposes and OBJ
iects and under tae stipuiations and
condition fohowiIIg, to-wlt:
ARTICLE
The name and title of said cor
a..on shall be ''City Mercantile
Company, Inc"
ARTICLE II
Said corporation shall have power
20 sue and be sueo; to make and use
Q common seal and the same to
change and alter ut pleasure; to ac-
cure, purchase, hold, lease, grant,
eelA, pieuge, mortgage, cucumber and
AaRale generally all kinds OF prop
erty, real, personal and mixed; to
maze bylaws, rules and regulations
mo- inconsistent with this charter or
the laws of this ststte; to appoint such
Sfflcers, agents and employees as Its
bua.ness may require and fix their
com pensat. on; 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-
aonal property; 10 purchase, hold,
cease, onn, mortgage, pledge, sell,
convey, improve, and handle all man.
neg Of property, real, personal, and
naked; to establish and operate one
or more branch stores and places Of
AuSiness in Washington Parish,
Louisiana, or elsewhere as permitted
BY law, as the board of directors may
6eam fit; and generally do ali the
acts and things necessary, incidental
and proper IN carrying out the pur-
poses and objects of this corporation.
ARTICLE "
The capital stock of this corpora
sion is hereby fixed at the sum of
Tea Thousand Dollars $40, 000.OOl,
mf which anount the incorporators
herein have subscribed for and paid
IA the sum Of Five Thousand Dollars
1eE,O00.0Ol of said capital stock as
hereinafter stated. This corporation
shall be going concern when Five
ThBusand Dollars l$5, 000.O0l Of its
capital stock is subscribed and paid
ARTICLE v
At aEy time daring the existence |
eft this corporation the remaining
stuck, not subscribed, may be issued |
70 che incorporates herein, or to fu- |
tire purchasers OF the stock, on the
payment to the corporation of the
then value of the stock as determined !
hy the board of directors, either in
cash or for property actually re-
csived by the corporation satisfactory |
10 the board Of directors. No fur !
ther stock shall be issued beyond the
capital stock as herein fixed without /
an amendment Of The charter.
ARTICLE w
Che capital stock Of Ehis corpora
ton shall be DIVIDED intb and repre-
asnted by one hundred llshares Goo
mharesl Of the par value 1f One Hum
cred Dollars ($100.0O) per share. No
fractional share Of stock shall be is
AEaued ALI stock shall be preferred
stock, and each share issued shall par
aScipate equally in the dividends.
ARTICLE VII
The domieile of this corporation is
eTsby fixed in the Citb of Bogalusa.
sptigfans, where nh meetings OF the
boAsa Of directors yiialI BE held, pfo<
Vidsd that, with the written consent
n1 AL directors, such meetings may
De heid elsewhere. All legal process
ikatl be served on the president, and !
b his absence on the vice-prsident !
md secretary, OF any one Of the di-
'ectcrs, Is
ARTICLE VIII i
This corporation shall continue for
'he period of ninety-nine years, un-
ess sooner dissolved in accordance I,
With the provisions of this charter,
4 the laws Of this state.
ARTICLE TX
All the. affairs of this corporation
hal1 be managed and conducted by
hoard Of three directors, who shall
lavs full power 10 manage the af-
airs Of the corporation and pass such
ulgs, regulations end bylaws as they
cen proper for the conduct Of its
uElness. They shall have full power !
D appoint all agents, managers or
Employees, and CONFER such power on
ach director and officer as they {
cen necessary. A majority of the 4
card shall constitute a quorum, and t
heir acts shall be valid corporate P