St. Landry clarion. (Opelousas, La.) 1890-1921, 1918-06-01
ARTICLE II

ARTICLE II.
The objects and purposes for which
this company is Incorporated and the
nature of the business to be carried
on by it are: To buy and sell mer-
chandise, such as groceries, dry
goods. notions, clothing, shoes, hard
ware, farm and agricultural impIe-
ments and supplies and conduct en-
orally what is commonly termed a
general merchandise business: and in
connection herewith, to do any and
all other things incident to the CON
duct of such business.
ARTICLE III.
The amount Of the capital stock of
this corporation is hereby fixed at
Ten Thousand Dollars $50, 600. O0).
which shall be divided and represent
ed by One Hundred (10O) shares of
the par value of One Hundred Dol
lars each; and the amount to which
such capital stock may be increased
Is the sum Of twenty-five Thousand
and no-100 Dollars,
When Five Thousand Dollars az
said capital stock shall have been
subscribed and paid for in cash, or
by transfer of property or labor or
services performed, this corporation
is authorized to begin business.
The remainder of the capital stock
shall be issued and paid for at such
time n in a anne authorized by
the Board Of Directors Of said cor
poration, but no stock shall be issued
until paid for in money or property
actually received or labor done.
ARTICLE w.
The domici1e of this corporation
shall be at the Village OF Sunset, SIT.
Landry Parish, Louisiana, and all eli
tations or other legal process shall
be served on the president, or in his
absence on the v-ice-president, or in
the absence Of both president and
VicatpTesident, on the secretary of
said corporation.
ARTICLE ".
The officers OF this corporation
shall be a President, Vice-president,
Secretary and Treasurer, but any
two Of these offices ma be filled by
n and the same person. Such of
ficers shall be stockholders in said
corporation, and shall be elected an
nually by the Board of Directors, and
shall serve until their successors are
elected, qualified and enter upon the
discharge OF their duties.
ARTICLE VI.
At all stockholders meetings Of
said %tay~ so I ~1l-L~IIz
shall be entitled to one vote for each
share of stock owned by him or rep
resented by written proxy.
ARTICLE VII.
The corporate powers of this cor
poration shall be and they are here
by vested in a Board OF Directors
composed of Five, all of whom must
be stockholders in said corporation,
and a majority Of whom shall cons
titute a quorum.
The stockholders shall hold regu-
lar meetings. annually, the first Of such
meetings to be held on the I'd day of
January, A. d. 1919, and annually
thereafter. AT these annual meet
ings the stockholders shall transact
any business coming before them and
shall elect a Board Of Directors for
the ensuing year, which newly elected
board shall at once organize by elect
ing from their number the officers
of said corporation.
The first Board OF Directods shall
be: John Sihil1e, J. F. Clay, Rene 81
bile, r.. W. Sibille and A. p. Clay, and
the following shall be the first Off
GERS of said corporation: John SibiIle,
President; J.. w. Sibille, Vfce-presi-
dent and j. F. Clay. Secretary-Treas-
urer. Said Board Of Directors shah
have power to make such bylaws and
regulations that may be necessary for
the proper management Of the affairs
of said corporation, and shall have
power to amend and change same at
their pleasure, and shall have power
TO provide for and contract debts
The first Board Of Directors shall
acceptances, execute mortgages, and
do all things incident to the object
Of said corporation, and shall have
authority to vest the President, or
any other officer. with such OF these
powers as they see fit.
ARTICLE VIII
Any vacancy Of the offices Of this
corporation, including directors, shall
be filled by a majority vote Of said
Board OF Directors at any regular
meeting OF said Board or at a meet
ing called for that purpose.
ARTICLE TX.
No stakeholder shall ever be held
liable for n contracts, faults, or
Obligations of this corporation in any
turtle sum than the unpaid balance
due to the company on the shares
owned by him, nor shall any mere
informality in the organization have
the effect Of rendering this charter
null or exposing q stakeholder to
any liability beyond the unpaid
amount Of his stock.
This charter may be changed. al
tered or amended, or the said corpor-
may be dissolved by the process
indicated by the laws Of this State
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