The herald., 1918-10-03
CHARTERS.

| SEAfGlEfto.
| for which this corporation is established, and
! the nature of the business TO be carried on
/ by it 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
poratOn shall be 100000 divided into 100
| shares of the par value of $1,000 each, and
| may be increased to the sum of 100000,
| divided into 500 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 shares of stock that may be is
sued shall first be offered to the holders of
stock at the time of issuance of said new
stock IN the proportion in which the said
stoC khOlders shall at the time of issuance
hold stock in this corporation.
ARTICLE N.-No stakeholder shall ever
be held liable or responsible for the indebt-
edness, faults, or defaults Of this corporation
nor shall any mere informality in the orga-
! nlzation of the corporation have the effect
OF rendering the charter null of exposing
the stockholders to any liability beyond the
unpaid balance, if any, on his stock sub
scription. Should any Sockholder desire to
sell his stock he SHALL fist offer the same to
the stockholders 81 ne company through its
board of directys, ~dpA the stockholders who
desire to .purchass/shall have the right to
purchase thf7sa2< in fhe proportion to their
holdings ,ooEstsek inIthei company. Should
sad stOckhssder5 jp EfSeh. days after notice
having been giy4ni ih-writing, fail or refuse
stock 31F asy be- !s s1 for N saS ,ns q4
and binding un DS dg d the 20 books Ss y' Of
| the company, and unle Is made in pursuance
Of the provisions of tits charter
| ARTICLE NI.-This corporation shall have
all powers granted to such corporations by
law, and shall have the power to contract,
sue end be sued in its corporate name, and
to own, hold receive, loan. lease, purchase.
sell and convey or mortgage any and all
of its effects, to 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 its interests and
cOrveniences may require.
ARTICLE NII-The business of said cor
poration shall be directed by and vested in
a board of directors of three stockholders, two
of whom shall constitute a quorum for the
transaction of business and the said direc-
tors as first constituted shall be, Perry G..
Doerr, Isaac NJ. Causey and ]. 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
CICSllouS SIdll Dc Hclu annually Tor directors
at the principal office of the 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 first
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 4 F. 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 -trea surer, and they
shall hold office until the first Monday Of
October, 1919, and each succeeding board
OF directors shall elect its principal officers
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
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
do and perform all acts necessary and
proper to fully and completely liquidate the
affairs and distribute the proceeds. if any,
among the stockholders of the said corpora
ton TO the amount of stock held by each.
ARTICLE IN.-This 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. on the day, month and year first
above written. in the presence of Ruth NJ.
Seller and Robert f. Bell, competent wit
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 F. Bell.
p. {. Doerr, 1914 Fourth ST., New Orleans,
La, 50 shares; ]. G. Baughin, Bogalusa, La,
shares; !. NJ. Causey, Baton Rouge, La,
shares. A. A. MORENO, Notary Public
/, 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 1922 Folio 454 EMILE J.
LEONARD, by. r. A true copy of the ORR
gnal now on file in my office. A A
MORENO, Notary Public.
Sept 1926, Oct. 3-10-124