The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1919-02-22


this corporation is organized and the
nature of the business to be carried
on by it are hereby declared to De
the purchase, sale, and lease OF agrl-
cultural, timber, and other lands,
the cultivation, growing, raising, and
marketing of all agricultural crops,
and the manufacturing, warehousing,
and sale of products thereof, and the
buying, selling, and rearing of horses,
mules, hogs, and any and all other
kinds of animals and stock in the
parish of Madison, Louisiana, or any
other part of the State of Louisiana
or of the United States, and IN con-
nection with the above objects and
purposes to make advances OF money
and supplies to its tenants and others,
and to conduct a general mercantile
business, both wholesale and retail.
creased at any annual stockholders
the unpaid balance on the stock for
Carlton A. Randolph, 4OS Lake ST.,
err in and for the parish OF Madison,
this 9th day of January, 1919.
pointed Gay. When he returned 10
ARTICLE 3
| The capital stock Of this corpora,
ton is hereby fixed at Two Hundred
Thousand Dollars $500, 100000, d.
yided into Two Hundred (2O0) shares
of the par va.ue of One Thousand
Dollars Isl ,OO0.OO) each.
The capital stock of this corpora
ton may be increased to an amount
not exceeding Five Hundred Thous-
and Dollars $500, OO0.00) to be d.
lyided into Five Hundred 5000 shares
OF the par value of One Thousand
dollars Isl ,OO0.00) each, at any time
majority of the stockholders may
arnrove said increase pursuant to
law.
ARTICLE 4
The corporate powers OF this cor
poration shall be vested in and exer-
cised by a Board of Directors of four
stockholders, a majority of whom
shall constitute quorem for the
transaction of business, with full pow
her TO purchase, receive by donation,
sell, mortgage, pledge, pawn, convey,
and lease either as lessor or lessee
any property both real and personal,
TO borrow money, and issue the COM
pany's negotiable notes or bonds ell
her unsecured or secured by mort
: gage on its real estate or by chattel
r mortgage, pledge, or pawn, OF its per.
| sonal property and to do any and all
other acts which this company is au-
thorized to do in carrying out the OBJ
jects and purposes of this corpora
: lion; to make and establish bylaws
and to change same, to hire, employ
and appoint any agents or assistants
and to fill all vacancies occurring II
d the Board of Directors BY death, res
~ 9TH
Each Board of Directors shall cleo
!, from their number a President, {
u Vice-President, q Secretary-Treasur
n err, and a Manager.
n The office of Secretary and Treas
, urer may be he'd by one or two Pc
sons and when held by two person
). The Secretary may or may not be
4 Director.
: The Board of Directors may be in
creased at any annuay stockholders
meeting to a number no; exceeding
e seven.
4 The first Board of Directors shal
v consist of Herbert H. Taylor, Car
ton A. Randolph, Jessie b. Erwin, an
William II. Ward, with Herbert +
1t Taylor as President, Carlton A. Rar
s. dolph as Vice-President. Jessie 3. FL
Dr. win as Secretary and Treasurer, an
William II. Ward as Manager, VIII
VI shall hold office until the first Moi
of day of January, 1920, or until the,
Sc successors have been duly elected.
n On the first Monday of Januar.
1920, and annually thereafter on tn
u first Monday of January of each yea
the stockholders shall meet for tt
. purpose of electing a Board of ID
rectors and the transaction Of sue
other business as may properly con
before the meeting.
Written notice of annual stockhol
ers' meetings shall be delivered pc
sonally Or by deposit of same in Il
bo postoffice addressed to the stockhoi
Cd er's last known address at least Fl
w teen days before such meeting.
W. Other stockholders meetings m,
.tb be held as provided by the laws
m. Louisiana.
=; At al stockholders meetings ca
a share of stock shall be entitled to o.
~ vote, to be voted in accordance wi
~; the laws of Louisiana.
II This charter may be altered or
;s. amended, the corporation dissolve
no and the authorized capital incrcas
,os or decreased in accordance with t
no avs of Louisiana, by complying Wi
of The requirements thereof in force
of said time, but no stakeholder shall
,oy liable for the contracts or faults
by he corporation to greater sum tn
;zs the unpaid blaance on the stool;
Nd which he has subscribed, and no me
mr. informality in the organization of
nv corporation shall render this chart
&c null or expose a stakeholder to a
70 liability except the unpaid balar
due on his subscription to stock.
ARTICLE S
The following named persons ha
or subscribed for stock in this corpo
ing ton in the number of shares and
me mounts as follows, to-wit:
iof Herbert H. Taylor, 6l23 Kimbs
ty- Ave-. Chicago, ILL.,, 80 shares, 5!
10000.
age Carlton A. Randolph, 400 Lake
ou- Evanstown, ILL.,, so shares, $500
"a. Jessie b. Erwin, 6123 Kimb;
,ltn Ave., Chicago, ILL.,, so shares, IS
tne 10000.
anc William H. Ward. Tallulah, L,
las isiana, share, 100000.
Which number of shares and
DC mounts thereof the signers of this
re, If incorporation declare as their s,
yea :cripticn TO the capital stock of
corporation. \
u In testimony whereof the said p
lof les have signed this act of incorp
lge ltion with me, notary, and David