St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-03-02

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OF January, A. D., 1918, before me,
Thomas M. Burns, a Notary Public,
duly commissioned and sworn in and
for the Parish of St. Tammany, State
of Louisiana, therein residing. per-
sonally came and appeared the per-
sons whose names are hereunto sub
scribed, who declared that availing
themselves of the laws of the State
of Louisiana, relative to the organi-
zation of corporations, they have
covenanted and agreed, and by these
presents do covenant and agree, bind
and form and constitute themselves,
| as well as such other persons who
may hereafter join or become asso-
ciated with them. into corporation
| and body polite in law. for the OBJ
jects and purposes, and under the
agreements and stipulations follow
| ing, to-Wit:
ARTICLE I.
The name and style of this corpof-
alton shall be the Onyille Mercantile
Company, Inc, and under that name
it shall have and enjoy all rights and
privileges granted by law to corpora
tons; it shall exist for period OF
ninety-nine years from this day; it
shall have power to contract. sue
and be sued in it's corporate name;
the same to alter at pleasure; to
hold, receive, purchase, convey,
mortgage, hypothecate or pledge,
property, both real and personal; to
issue bonds, notes and other obliga-
tons; to have and employ such man
ayers, directors, officers, agents and
other employees as the interests and
convenience of said corporation may
require; and to make and establish
such bylaws, rules and regulations
for the proper management and con-
troll of the affairs Of the corporation
as may be reasonable and expedient.
ARTICLE II.
The domicile of said corporation
shall be at Onvil, Parish of ST. Tam
many, State OF louisiana; all cita-
lions and other legal process shall be
served on the President, and in his
| absence ON the Vice President, and
in the absence of both, on the Secre-
tary-Treasurer.
| ARTICLE Ill.
The objects and purposes for
which this corporation is established
and the nature of the business to be
! carried on by it, are declared to be.
To conduct and operate q general
store business, both wholesale and
| retail, and any and all other busi-
ness yocations or callings incidental
to or connected Herewith, or aris-
ing tehrefrom, in this State or else
| where.
ARTICLE ".
The capital stock of this corpora
ton is hereby fixed at the sum OF
Eight Thousand (sS,00O.0D Dol
lars, divided into and represented by
eighty (SO) shares of stock OF the
par value of One Hundred ($100.00)
Dollars each, which shares shall be
paid for in cash when subscribed for,
or for the purchase of property, as
all of which shall he common stock.
! That this corporation shall be a
going concern when Eight Thousand
($8,000.O0) Dollars of its capital
stock is actually paid for in cash, or
the equivalent in property. All
shares shall be full paid and non-as-
sessable, which capital stock may be
increased to a sum not to exceed
Fifty Thousand ($5O,0O0.o0) Dol
lars, in which event, during the
period between the >au for the meet
ing for such increase and the meet
ing, the person holding stock at the
time shall have the right to take
shares of the additional or increas-
ed stock, proportionate to the num-
mer of shares owned by them, and
any shares not taken at the e1pira-
! ton Of said period may be disposed
of by the said Board of Directors,
for the benefit of the corporation at
not less than their par value. No
transfer of stock shall be binding
upon the corporation unless record
ed upon the books.
ARTICLE v.
All the corporate powers Of this
corporation and the management
and control of its affairs shall be
vested on and exercised by a Board
Of Directors composed of four (4
stockholders. a majority OF whom
shall constitute a quorum for the
transaction of all Of the business.
The Directors shall be elected an
nually by ballot by the stockhold-
ers, on the second Tuesday in De-
cember of each year. Each person
shall be entitled in person or by
proxy to a vote for every share own
ed by him, and all elections shall be
held under such rules and regula-
tons as may be determined by the
Board Of Directors. the Directors
thus elected shall continue in office
for one year or until theis successors
have been duly elected and qualified.
No failure to elect shall be regarded
as forfeiture of this charter ANY
vacancy occurring on said Board
shall be filled by the remaining Di-
rectors for the unexpired term.
The Board of Direc RS shall. at
it's first meeting after it's election,
nominate out Of its number q Presi-