The herald., 1918-10-10
CHARTERS.

|
for which this corporation is established. and
the nature of the business to be carried on
by II are to buy and sell furniture, house
hold goods and other wares and merchandise,
to establish stores throughout the State, to
lend money for the establishment of such
stores, and to enter into partnerships for the
| purpose OF conducting mercantile stores.
| ARTICLE lV.-The capital stock of this cor
pOration shall be 100000 divided into 100
| shares of the par value of $4,000 each and
! may be increased to the sum Of 100000,
! divided into 800 shares of the par value of
| $1,000 each, and this corporation is to be a
| going concern when one-half of the capital
stock has been issued and subscribed for
/ Each share of stock shall be entitled to one
vote at all general elections. Should the
capital stock OF this corporation ever be in
| creased over the sum of 100000 then such
| additional shsses> of stock that may be is
sued shall firsSbe filtered to the holders Of
] stock at the ting of issuance of said new
stock naSthe yf0pOrtion in which. the said
stCc khstdSs NAL at the time of issuance
ARfICEE Sv.-No stdckhoider shall ever
edness fa or daPU Of i1r t eOrp t%afOi
nor shall any msre infotmali,ty in the oTga,
! nIzatIon OF th/forpotation have the effect
Of rendering NE chatter null or of exposing
the STOCKHOLDERS Many liability beyond the
unpaid balance, if any, on his stock sub
scription. Should any stakeholder desire to
sci! his stock he shall first offer the same to
| the stockholders OF the company through its
board OF directors, and the stockholders who
| desire to purchase shall have the right to
| purchase the same, in the proportion to their
| holdings of stock in the company. Should
SAID stockholders in fifteen DAYS after notice
! having been given, in writing, fail or refuse
| to purchase the stock offered for sale such
| stock may be sold to any one No transfer
| OF stock shall be made or held to be valid
and binding unless made on the books of
] ma
| OF the provisions of this charter.
| ARTICLE Nl.-This corporation shall have
! all powers granted 20 such corporations by
| law, and shall have the power to contract
| sue and be sued in its corporate name. and
! TO own, hold receive, loan. lease. purchase
| sell and convey or mortgage any and all
| OF It's effects, or 20 hypotheCate its property
| and to do any and all acts and things Of any
| other kind. nature or description. as may be
| necessary to carry out the objects and pur-
| poses OF said business as its interests and
| corvenienCes may require.
ARTICLE NIl.-The business of said cor
poration shall be directed by and vested in
| board Of directors OF three stockholders. two
OF whom shall constitute quorum for the
transaction OF bushes, and the said direc-
tors as first constituted shall be, Perry C.
DOerr, Isaac VI. Causey and J. Gordon
Baughin, and they shall hold office until the
first Monday Of October, 1919, and on that
day and from each and every day thereafter
elections shall be held annually for directors
4 CORPORATION,
Failure TO hold an election on the day speci-
fled shall not dissolve the corporation, but
the directors in office shall hold their re-
spective offices until an election shall be
held after thirty days notice of the time and
place thereof given TO each stakeholder The
annual election shall be held on the frs,
Monday of Oct, 1918, and thereafter on
the first Monday of October of each sue.
ceeding year, and the election shall be held
between the hours of 10 A NJ. and z. NJ
All vacancies on the board of directors for
whatever cause shall be filled by the remain
ing directors. Perry c. Doerr shall be the
FIRST president, Isaac NJ. Causey shall be the
first vice president, and J. Gordon Baughin
shall be first secretary-treasurer, and they
shall hold office until the first Monday OF
October, 1919, and each succeeding board
OF directors shall elect its principal officers
tor the term OF their election, and only stock
holders shall be eligible for election as
member of the board of directors.
ARTICLE NIII.-Whenever this corporation
is dissolved, either by limitation, or for any
other cause, its affairs shall be liquidated
by the board OF directors, who are hereby
vested with full power to sell any or all
assets OF the corporation, either separately
or IN a mass, and to convey full and complete
title thereto. and shall have full power to
proper to fully and completely liquidate the
affairs and distribute the proceeds. if any,
among the stockholders of the said corpora
tion to the amount of stock held by each.
ANllOLE lA.-lhlS act OF incorporation
may be amended. altered or modified or this
corporation dissolved by a vote of three
fourths OF the shares of the total amount of
stock at a meeting convened for that pur-
pose after ten days notice in writing mailed
TO the address of each stakeholder
Thus done and passed, in my notarial Of
flee. in the city of New Orleans, State of
Louisiana, the day, month and year first
above written, in the presence of Ruth NJ
Seller and Robert F. Bell, competent witt
nesses, who have hereunto signed these
presents, together with the parties hereto, and
me. Notary, after a reading of the whole
Witnesses: Ruth NJ. Seller, Robert E. Bell
P. c. Doerr, 1914 Fourth St, New Orleans,
La, so shares; ]. G. Baughin, Bogalusa, La,
shares; /. NJ. Causey, Baton Rouge, La, 2
shares. A. A. MORENO, Notary Public
l. the undersigned Recorder of Mortgages,
in and for the Parish of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing charter of The Mercantile
Stores, Inc, was this day filed and recorded
in the mortgage office for the Parish of Or
leans, in Book 1872, Folio 454. EMILE J.
LEONARD, by. r. A true copy of the orr
ginal now on file in my office. A. A.
MORENO, Notary Public.
Sept 1926, Oct. 3-lO-l7-24.