Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1918-11-28
CHARTER
United States of America,
State of Louisiana,
NJ - Nrr

fore me, G. Ellis Or, a Notary PUP
lie in and for Washington Parish,
Louisiana, duly qualified, and in the
presence of the witnesses hereinafter
named and undersigned, personally
came and appeared Edward r. Cas-
jsidy. A. N. Dobbs and Jay U. Ward,
All residents OF this parish and Of
full age. who declared that, awaiting
themselves of the laws o. this state
relative to the organization Of cor
iporations, and especially of Act num-
Der 267 of 1914 of this state, they
have covenanted and agreed and by
these presents do covenant, agree and
stipulate and biad themselves, as well
as sach othr persons as may become
associated with them, and do form. and
constitute a CORPORATION and body po-
litic in law, for the purposes and OBJ
iects and under the stipulations and
condition following, to-wit:
ARTICLE /
The name and title of said cor
poration shall be "City Mercantile
Company, Inc"
ARTICLE II
Said corporation shall have power
TO sue and be SIZED; to make and use
common seal and the same to
change and alter at pleasure; to ac-
quire, purchase, hold, lease, grant,
sell, pledge, mortgage, cucumber and
handle generally all kinds Of prop
erty, real, personal and mixed; to
make bylaws, Jules and regulations
not inconsistent with this charter or
the laws Of this state; to appoint such
officers, agents and employees as its
business may require and fix their
compensation; 20 wind up and dis
solve itself; and to have such powers
generally as is conferred by law on
corporations.
ARTICLE III
The object aud 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, ah kinds Of
goods, wares and merchandise, chat
tells, live stock and all kinds Of per-
sonal property; to purchase, hold,
lease, own, mortgage, pledge, sell,
convey, improve, and handle all man
aler Of property, real, personal, and
mixed; to establish and operate one
or more branch stores and places of
business in Washington Parish,
Louisiana, or elsewhere as permitted
by law, as the board Of directors may
deem fit; and generally do all the
acts and things necessary, incidental
and proper in carrying out the pur-
poses and objects of this corporation.
ARTICLE Nv
The capital stock of this corpora
ton is hereby fixed at the sum of
Ten Thousand Dollars t$1O,0O0.OOl,
of which amount the incorporators
herein have subscribed for and paid
in the sum of Five Thousand Dollars
(S5, 000.00l of said capital stock as
hereinafter stated. This corporation
shall be going concern when Five
Thousand Dollars ($5,000.00) of it's
capital stock Isl subscribed and paid
for.
ARTICLE v
AT any time during the existence
of this corporation the remaining
stock, mot subscribed, may be issued
to the incOrporators herein, or to fu-
tnre purchasers Of the stock, on the
payment to the corporation of the
then value of the stock as determined
by the board OF directors, either in
cash or for property actually re-
ceived by the corporation satisfactory
TO the board Of directors. No fur !
ther stock shall be issued beyond the
capitab stock as herein fixed without |
I'm amendment Ct the charter.
ARTICLE vi
The capital stock Of this corpora /
ton shall be dilided into and repre- |
scented by one hundred shares Goo |
shares) Of the par value Of One Hun
dred Dollars ($IO0.00) per share. No |
fractional share. of stock shall be is
issued. All stock sE1all be preferred I
stock, and each share issued shall par
ticipate equallysin the dividends.
ARTICLE VII
The domicile of this corporation is
hereby fixed in The City Of Bogalusa,
Louisiana, whera all meetings of the /
board of directors shall be held, pro-
eided that, with the written consent
Df all directors, such meetings may
Be held elsewhere. All legal process
shall be served On the president, and /
n his absence on the vice-prsident
ind secretary, Oh any one Of the d.
-ectors.
ARTICLE VIII
This corporation shall continue for
he period of nSnety-nine years, un-
ess sooner dissolved in accordance
With the provisions Of this charter,
II the laws Of this state.
ARTICLE TX
All the affairs Of this corporation
hall be managed and conducted by
board Of three directors, who shall
ave full power to manage the af-
airs of the corporation and pass such
ules, regulations and bylaws as they
Gem proper for the conduct Of its
usiness. They shall have full power
D appoint all agents, managers or
Employees, and confer such power on
aeh director and officer as they
eem necessary. A majority Of the
GARD shall constitute a quorum, and
y