The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1919-02-01

or to be sued in it's corporate name.
The President, and in his absence,
the Vice-President, and in his absence
the Manager, is hereby designated as
the officer upon whom all citations
or other legal process shall be served.
ARTICLE 2
The objects and purposes for which
this corporation is organized and the
nature of the business to be carried
on by it are hereby declared to be the
purchase, sale, and lease of agricul-
tural, timber and other lands, the cul-
tivation, growing, raising, and mark
citing of all agricultural crops, and the
manufacturing, warehousing, and sale
of products thereof, ana the buying,
selling, and rearing of horses, mul~s,
hogs, and any and all other kinds of
animals and stock in the Parish OF
Madison, Louisiana, or in any other
part of the State or Louisiana or III
the United States, and in connection
with the above objects and purposes
to make advances of money and sup
plies to it's tenants and others, and to
conduct a general mercantile bust
ness, both wholesale and retail.
ARTICLE 3
The capital stocn of this corpora
ton is hereby fixed at Fifty Thous-
and Dollars ESQ, 0O0.00), divided in
to One Hundred (100) shares of the
par value of Five Hundred Dollars.
(S500.00) each.
The capital stock of this corpora
ton may be increased to an amount
not exceeding Two Hundred Thous-
and Dollars, $500, 000.00) to be d.
vided into Four hundred (400) shares
of the par value of Five Hundred Dol
lars ($500.0O) each, at any time a
majority of the stockholders may ;p-
prove said increase pursuant to law
ARTICLE
The corporate powers of this cor
poration shall be vested in and exer-
cised by Board OF Directors of five
stockholders, majority of whom
shall constitute a quorem for the
transaction of business, with the full
power to purchase, receive by dona-
ton, sell, mortgage, pledge pawn, CON
vey, and lease either as lessor or les
see any property, both real and perso.
nal, to borrow money, and issue the
company's negotiable notes or tonGs
either unsecured or secured by mort
gage on its real estate or by chat:c
mortgage, pledge or pawn, OF its Ter.
sonal property and to do any and a..
other acts which this companv is all.
thorized to do in carrying OUT the Oh.
jects and purposes of this corpora
ton; to make and establish bylaws
and to change the same, to hire, en-
ploy, appoint any agents or assistants.
and to fill all vacancies occurring IN
the Board of Directors by death. res
ignation or otherwise.
Each Board of Directors shall elect
from their number a President, a
Vice-President, a Secretary Treasur-
er, and Manager.
The office of Secretary and Treas
urer may be held by one or two per
sons and when held by two persons
the Secretary may or may not be a
Director.
The Board of Directors may be in
creased at any annual stockholders
meeting to a number not exceeding
seven.
The first board of directors shall
consist of Ray M. Ashcraft, DR.. w.
). Monilaw, b. l.. Shepherd. William
h. Ward, and Herbert ii. TAYLOR. with
Ray M. Ashcraft as President. DR.. w.
j. Monilaw as Vice-President. r. l.
ohepard as Secretary and Treasurer
ana Wliilam II. Ward as manager,
VINO shall hold office until the first |
Monday of January, 1920, or until
ed.
On the first Monday of January
dsZo, and annually thereafter on the |
nrst Monday Of January OF each wear !
the stockholders shall meet for the
purpose OF electing a Board of Di- |
rectors and the transaction of such
otner business as may properly come
before the meeting.
written notice of annual stock
holders meetings shall be delivered
personally or by deposit of same in
me post-o addressed to the stock
ioiders last known address. at least
ifteen days before such meeting.
Otner stockholders meetings NAV
De neid as provided by the laws of
Louisiana. Vi
AT al stockholders meetings eacn
mare OF stock shall be entitled to one
,ote, 70 be voted in accordance with
ne Laws Of Louisiana.
Inls CHARTER may be altered or q.
nenoed, the corporation dissolved
no tne authorized capital increased
" decreased in accordance with the
avs OF louisiana, by complying with
ne requirements thereof in force at
aia Time, but no stakeholder shall he
,aoIe Ior the contracts or faults of
ne corporation to a greater sum thar
ne unpaid balance of the stock To-
men ne has subscribed, and no mere
iiormaiity IN the organization of this
shall render this charter
vi or expose stakeholder to any
aDiiity except the unpaid balance
ue on his subscription to stock
ma ARTICLE 5
Inc following named rarsons ho
1 nn Tor stock in this CORPORA
On IA tne number Of shares and 70
mounts as fellows, to-wit: '''
IA. .. Reid, 5000 Woodlawn Ave
hieago, ILL.,, Is shares. $1,000 On I
w. n, Ward, TaIlulah, La *
lares, S7,5OO.OO. 10 L
ir. w. j. Monilaw, COLI KimbarL e
y, se, 40 Chicago, ILL.,, Is shares, ST. L
II. H. Taylor, 612s Kimbark Ave e
nleago:, ILL.,, Is shares, $500. 90 ~
n. M. Ashcraft, 6227 KimbarL y
Ve., Chicago, ILL.,, 5 shares. SO 500 e
MRS. Charieta 2. Ashcraft. 6IS7 e
m n6a Ave-, Chicago, ILL.,, 5 shares y,
George W. Frisby, '4s51 Talman >,