St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-03-09
CHAR RS


duly commissioned and sworn in ana
for the Parish Of st. Tammany, state
Of Louisiana, therein residing, per-
sonally came and appeared the per-
sons whose names are hefeunto SUP
scribed, who declared that aFalhng |
themselves Of the laws Of the STATE
of Louisiana, relative to tue organi-
zation Of corporations, they nave
coyenauted and agreed, and oy these
presents do covenant and agree, blnd
and form and constitute themselves,
| as well as such other persons VINO
may hereafter join or become asso-
ciated with them, into corporation
and body polite in law, for the oo-
jects and purposes, and under the
agreements and stipulations follow
ing, to-Wit:
! ARTICLE l.
The name and style of this cOrpor-
alton shall be tbs OnviIie Mercantile
Company, Inc, and under that name
it shall have and enjoy aH.rights and
privileges granted by law to corpora
tons; it shall exist for a peyloo OF
ninety-nine years from tlls day' II
shall have power to contract. SUE
and be sued in its corporate name,
to mako and use a corporate seal ana
the same to alter at pleasure; TO
hold, receive, purchase. convey,
mortgage, hypothecate or pledge,
property, both real and personal; TO
issue bonds, notes and other oDllgs-
tions; to have and employ such man
ayers, directors, officers, agents and
other employees as the interests and
convenience Of said corporation may
require; and to make and establlsh
such bylaws, rules and regulations
for the proper management and con
troll OF the affairs Of the corporation
, as may be reasonable anu expeulent
!, ARTICLE II.
The domicile Of said corporation
shall be at Onvil, Parish OF ST. Tam
, many, State Of Louisiana; al clta
$ lions and other legal process shall ot
2 served on the President, and III h1'
, absence on the Vice President, ab'
( ! IN the absence Of both, on the Seele
tary-Treasurer.
ARTICLE III.
The objects and paFpo eS 10
which this corporation IS esta1 sac.
and the nature of the business To Y
carried on by it, are declared TO be
TO conduct and operate a ge1e4 ).
D ;tore business, both Whole5a.e al
. retail, and any and all other ods.
ness vacations Or cAllings Int.deala
, 10 or connected Herewith, or afAa
ing tehrefrom, in this State or els
where. ..
y ARTICLE ~.
l. The capital stock Of this corpora
N ton is hereby fixed at the sum I
Eight Thousand (SS,0o0.00) DO
lars, divided into and represented g
~ eighty (SO) shares of stock OF tn
s. par value Of One Hundred (Slo0.oo
Dollars each, which shares shall /
paid for in cash when subscribed 10
or for the purchase of property,
=. said Board of Directors may elec
all of which shall be common stock
That this corporation shall be
>. going concern when Eight Thousar
at (sS,OOO.O0) Dollars Of It's capt.
on stock is actually paid for in cash,
ch the equivalent in property. a
he shares shall be full paid and mona
i'll sessable, which capital stock may
As increased to sum not to excef
an Fifty Thousand ($50,0OO.00) DC
on lars, in which event, during II
Of period between the al! for the NEE
ha ing for such increase and the meg
n ing. the person holding stock at Il
M time shall have the right to tai
It's shares of the additional or increa
'0 ed stock, proportionate to the nul
- mer of shares owned by them, al
n any shares not taken at the expir
~ ton OF said period may be dispos
TO Of by the said Board of Directo'
Ire for the benefit of the corporation
La not less than their par value.
IA transfer of stock shall be bindll
eo upon the corporation unless recor
ne ed upon the books.
e. ARTICLE V.
All the corporate powers Of tt
81 corporation and the manageme
all and control of its affairs shall
vested on and exercised by a Boa
of Directors composed OF four I
'n stockholders, a majority OF who
shall constitute a quorum tor I
transaction OF all Of the buslne
-. The Directors shall be elected G
~ nually by ballot by the stockho
ers, on the second Tuesday in L
cember of each year. Each pers
Ms shall be entitled in person or
proxy to vote for every share oN
ed by him, and all elections shall
held under such rules and regu
tons as may be determined by
I'VE Board of Directors. the Direct
irx thus elected shall continue in OIL
m. for one year or until theia success
ton have been duly elected end Qualifi
IN. No failure to elect shall be regard
III as a forfeiture OF this charter. q
m. vacancy occurring on said Boa
m. shall be filled by the remaining
irg rectors for the unexpired term.
m. The Board Of Direc rs shall,
it's first meeting after its electi
av- nominate out of its number q Pre-
oss dent, a Vice President ard a Sec
ng, tary-Treasurer; said Board sh
have the right to divide the office
Secretary and Treasurer and II