Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1918-08-10

we'll as all such persons rs shall here
after become associated with them, o.
r,ur Themselves, into and CONSTITUTE"
BODY polite i'm law, for the objects an
.arp.S,,. aud under The conditions ami
-t,r'ular,ous of the articles following,
to VT:
ARTICLE ONE.
The name of said corporation shall
be ID. SILEERMAN, IN'ORPOA-
\TED", and under its corporate name
shall have the powcr and authority Z.
.p iov succession for the fall term of
linctv-ninc t99N years from and after
The date hereof, unless sooner dissolved,
frrordm ITO law, and the provisions OF
hcSc articles; 10 sue and be sued; t.
make and use 4 corporate seal, and T.
break and alter the same at pleasure;
70 purchase, receive, own lease, A"Id,
sell, exchange. convey, devise and be
mcath, property, both real and person
al: to issue bonds or other obligations
IN payment for property purchased or
acquired by it or for any other object
in or about its business; to mortgage
or pledge any property and stocks,
bonds or other obligations, to secure any
Jonds or contracts or ether oblgahons
% iooin or Consolidate with and enter
int agreements and cooperative rela-
tons not in contravention ofSiaw witt
,.ss. raareor, l6r.futs \
the same labor and material >,
munpr can not be used By tn AZ
the alton ing c,rch material al g. any
# the purposes 81 the company; TO
hold stock in other corporations; to ac
bn11 ouI -iScrra SIfa of f-c
.apital stock to; name and appoint
such managers and directors, officers,
agents and ovcrscrrs, and TO make, es
ablish and adopt, as well as alter and
amend at pleasure, such bylaws, rule
and regulations as may be necessary
FOR the proper management Of the af
tdlrs of the corporation.
ARTICLE TWO
The Capital Stock Of this corporation
s hereby fixed at Twenty Thousani
500, 900 OO) Dollars. divided into AM
represented by two hundred 900
hares, of the oar value of noe Hundred
100000 Dollars. each-ffty per centum
# which stock shall be subscribed be
foro fling of these articles of incor
oorati0n for rec0rdation in the Mort
cage Records Of the Recorder s office
# Vermilion Parish, La, and which
fifty per ccntum shall be actually paid
1cfore tha corporation shall engdgh n
lasincss ara the remaining fifty pe
cutum lhHil he subscribed and paid "a
within twelve months If the signing OF
hcSc articles of Incorporation. Tn,
took Of this corporation shall be reprcs
,Hted by certificates, and shall be PEI
sonal property. The form Of the Ger
ifcate shall be determined by the
}oard of Directors, and signed by the
resident and the Secretary, and scaled
it'll the seal of the corporation f oaa
adopted, and shall be transferable as
rcscribed by law.
The Capital Stock of the corporation
nay be increased, in the manner here
matter prescribed, to the amoua7 ~
One Hundred Thousand ($l00,00000)
GLARS.
No stock or bond Of this corporation
hal be issued except for labor done,
tervices rendered; or money or property
.ctually received.
ARTICLE THREE
The domicilc of said corporation shall
re at Abbcvillo, Vermilion Parish, Lou
RS or directors must be held. provided,
hat with the written consent IF ali
.irectors, valid meetings Of directors
Iav be held outside the State or within
ne state elsewhere than at its domi
lie. All citations or other legal pro
.rsS shall I've served upon the President,
n in ease of his absence. upon the Vice
President. or in the absence of bota
heSe Officers, upon the Secretary of the
'orporatio..
ARTICLE FOUR.
The objects and purposes for which
his corporation is established and the
nature Of the bushes sto be carried on
X il are hereby declared and specified
70 be, as follows, to.wft:
To hold, own. sell or dispose Of. trade,
leal in deal with all and III all articles
# commerce, AZ wholesale or retail, to
AIRY on al or any part of the business
# manufacturer, merchant, trader, I'M
lurter. exporter, and dealer in goods,
wares and merchandise of every descrip- /
ion; TO purchase, OWN, hold sell OK
.hange, buillupon, rent and mortgage. /,
cal estate, improved and unimprOvc l., !
ural or urban, especially to conduct !.
Ind carry on a general mercantile bus
ress, wholesale and retail, and general I
V to do any and all things and exercise !
my and al other powers which are now /
n may herafter be permitted by the
avs Of the State or Louisiana relative
o the organization Of c0rnorations.
ARTICLE FIVE.
The business and affairs Of this cor
,oration shall be managed by Board
f -Four a. Directors, and all Of the
owers of this corporation, without res
riction, shall be vested in and exer,
ised by said Board of Directors, Each
irector shall own in his own right, at
Il times during his tern Of pftss, 81