The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1918-06-08

TO TIE
CHARTER
The Centreyhle Mercantile Company,
Limited.
! STATE OF LOUISIANA
I PARISH OF ST. MARY.
| Before me, Wilbur H. Kramer. Clerk OF
the 2Srd judicial District Court, st Mary
| Parish, Louisiana. ex.OfficiO Notary
| Public thereof. duly comm iSSiOned and
qualified within and for'said Pnrish and
State, and in the presence OF the witnesses
hereinafter named and undersigned. per.
I sOnaliy came and appeared A. +. Ricautl
and II. :. Nordyke, residents OF the Parish
| of St, Mary, State of Louisiana, herein
appearing IN their capacities As President
ana SECRETARY. respectively. of The Gem
treville Mercantile Company: Limited" a
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. Janu-
| ary 20th. 1919, duly recorded in the Re.
cOrder's Office of the Parish Of -. Wary,
| in Book 81 of Mortgages, page S9S. Entry
| No. "a, O16. Of date February 4th. 1863. and
as amended by the stockholders thereof,
March Slst. 1911. duly recorded IN Book 81
S~o~
Who declared that. at "A meeting of the
stock holders of 1.-THE Ientrevillc Mercan.
,, tile Company, Limited" held at its domi.
Gle in the Town of Centreyille, La, on
the 18th dav Of May. 1918. for the purpose
| OF considering thce.mendment of the char>
ter of the corpOr alton. held after due COM
pliancc with all the provisions Of law and
| 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 -aid meeting;
And the said A. f. Ricaud and H. i.
NOrdyke further declared that ut SAID
meeting, they were authorized and di :
rected to appear before some competent
| Notary Public. duly commissioned and
qualified within and for the Parish Of IT.
Mary, LA TO execute the proposed no.
tarial nc: and declaration OF the amend,
| ment Of said charter, az required Nv law,
for the purpose OF affOrdlng authentic
evidence and permanent record thereof;
Wherefore, the said appearers declared.
in pursuance OF the authority thus con.
ferred upon them. they do hereby declare
that. at the said meeting held May llth,
1918, the charter Of 1.-The Centreville Mer.
camille Company, Limited. was amended
as to Articles and ) Of said original act,
and said amended act Of said act of iDcor-
pOratlOn, so that said Article and shall
hereafter read and be a. follows:
ARTICLE w.
Capital stock.
The Capital Stuck Of this corporation is
hereby fixed at 5eventy-five Thousand
$75 800 Dollars, divided into and rep.
resented by Fifteen Hundred tl5''D shades
Of stock. of the amount OF Fifty So Dol.
lars each.
OF which amount Five Hundred (5OO)
shares or the total amount Ut Twenty. five
Thousand (s25.QtO.W, Dollars has been
paid for in full and issued to the owners
thereof.
Treasury Stoke
The remaining One Tho.:sand t1OOO)
shares belonging to the corpo stion, being
designated Treasury StOck,i - be issued
from time to time by the Board of Drec.
tors to such persons and in such amounts
as it may deem most advantageous to the |
corporation; to be paid for in cash or other
valuable consideration, when issued, |
never less than its actual value, as shown !
ny the books OF the corporation, at the |
date of issuance aud at no time less than |
its par value Of Fifty ($5c.00) Dollars per |
share.
Transfer Of Stock.
II any stock shall be sold by its owner !
to any one else, or presented to the Off GERS |
Of the corporation for transfer, it shall |
first be rendered by the holder thereof to
the Board of Directors of the corporation,
who shall have authority to purchase !
same ut It's book or market value at that |
date, to be considered as Treasury stock,
aud to be sold by the Board of Directors
in the same manner rs hereinabove pro-
vided for Treasury Stock; provided that
II said Board Of Directors fail within
period Of one week. after said tender has |
been made. to avail itself of its option to
purchase. then the owner thereof shall
he ut full liberty to sell same other than
TO the Board Of Directors, or to have same
transferred to such persons as he desig-
nate.
No stock shall be transferred except on
the books of the corporation. and the
person to whom the shares are 80 trans.
tered shall receipt for same.
On the death Of any stakeholder his le.
gal representative shall be entitled to as.
sumo control Of and transfer said stock to
his name.
ARTICLEv.
BOARD of Directors.
All the powers OF this corporation shall
be vested in and exercised by Beard OF
to he composed Of not less than
three or more than ten stOckh o!ders, to be
elected annually on the third Wednesday
in July Of each year. beginning on Wednes.
day, July 18th: 1918.
The stockholders before proceeding 20
elect Board of Directors ut each annual
meeting. shall fix the number within the
limits above prescribed, q maturity of
whom shall constitute q quorum. All
such elections shall be held Ly ballot and
conducted ut the Office Of said corporation
under the supervision, Of three commis.
sioners to be appointed by the Board Of
Directors.
Any vacancy occurring among the Di.
rectors, BY death. resignation or other.
wise, shall be filled By election for the re-
Of the term Of the remaining Iii.
re:tors. The failure to elect Directors
upon the date above specified shall not
Dissolve the c0rpo. alton nor impair its
corporate management. but the Directors
Then in Office shall remain in office until
their successors are elected aud q lalified.
The Board Of Directors shall eject from