Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1918-11-21
CHARTER
CHARTER
Uaited States of America,
State Of Louisiana,

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-
gidy, A. N. Dobbs and Jay o. Ward,
all residents of this parish and OF
Fill age. who declared that, awaiting
themselves of the laws OF this state
relative to the organization OF cor
pOrations, 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 bind themselves, as well
az such othr persons as may become
ASSOCIATED with them, and do form and
constitute a corporation and body po-
1itic in law, for the purposes and OBJ
jects 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 III
Said corporation shall have power
t. sue and be sued; to make and use
a common seal and the same to
change and altcE at pleasure; to ac-
quire, purchase, hold, lease, grant,
sslIl, pledge, mortgage, cucumber and
handle generally all kinds of prop
erty, real, personal and mixed; to
make bylaws, rlles 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 to wind up and dis
solve itself; and to have such powers
generally as is conferred by law on
corporations.
ARTICLE III
The object and purpose for which
tslis corporation is organized is here
by declared to pe the following, to-
wit:
To buy and sell, at wholesale or re-
tail, for cash or credit, ali kinds of
goods, wares and merchandise, chat
tells, live stock and all kinds of per-
sorial property; to purchase, hold,
lease, own, mortgage, pledge, sell,
convey, improve, and handle all man
rer of property, real, personal, and
Sglixed; 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
Geem fit; and generally do all the
Gets and things necessary, incidental
and proper in carrying out the pur-
poses and objects of this corporation.
ARTICLE "
The capital stock of this corpora
zion is hereby fixed at the sum of
Ten Thousand Dollars $50, 000.00),
IF which amount the incorporators
herein have subscribed for and paid
in the sum of FIVE Thousand Dollars
{S5,000.00) of said capital stock as
hereinafter stated. This corporation
shall be a going concern when Five
thousand Dollags ($5,000.00) of its
capital stock is subscribed and paid
for.
ARTICLE v
AT any time during 5he existence
Csf this corporation the remaining
stock, not subscribed, may be issued
to the incorporators herein, or to fu-
ture 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
Their stock shall be issued beyond the
capital stock as herein fixed without
an amendment Of the charter.
ARTICLE vi
The capital stock Of this corpora
zion shall be divided into and repre-
scented by enc hundred shares Goo
ahares) Of the par value of One Hun
dred Dollars ($10O.O0) per share. No
fractional share Of stock shall be is
issued. All stock shall be preferred
stock, and each share issued shall par
ficipate equally in the dividends.
ARTICLE VII .
The domicile Of this corporation is |
hereby fixed in the City of Bogalusa,
Louisiana, where all meetings of the !
board of directors shall be held, pro-
= ded that, with the written consent
1T all directors such meetings may
BE held elsewhere. All legal process
shall be served on the president, and |
in his absence on the vice-prsident
snd secretary, or any one of the di-
rectors.
ARTICLE VIII
This corporation shall continue for
the period of ninety-nine years, un-
less sooner dissolved in accordance
with the provisions Of this charter,
or the laws of this state.
ARTICLE TX
All the affairs Of this corporation |
shall be managed and conducted by
ii board of three directors, who shall
have full power to manage the af-
fairs of the corporation and pass such |
rules, regulations and bylaws as they
deem proper for the conduct of its
business. They shall have full power
to appoint all agents, managers or
employees, and confer such power on
each director and officer as they
deem necessary A majority of the
board shall constitute a quorum, and
their acts shall. be valid corporate