The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1919-03-01

The CD1ecCS ana purposes Ioi 49,
this corporation is organized and tne
nature of the business to be earned
on by it are hereby declared to be
the purchase, sale, and lease OF agrl-
cultural, timber, and other lands,
the cultivation, growing, raising, ana
marketing of all agricultural crops
and the manufacturing, warehouslng,
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 ana
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 Tor
Carlton A. Randolph, 4O8 Lake ST.,
er in and for the parish of Madison,
this 9th day of January, 1919.
pointed cay. When he returned to
ARTICLE 8
The capital stock of this corpora
ton is hereby fixed at Two hundred
Thousand Dollars $500, O0O.OOl, d.
vided into Two Hundred (20O) shares
of the par value of One Thousand
Dollars Isl, 100000 each.
The capital stock Of this corpora
ton may be increased to an amount
not exceeding Five Hundred Thous-
and Dollars $500, O00.00) to be d.
yided into Five Hundred 5000 shares
of the par value of One Thousand
Dollars (S1,000.00) each, at any time
a majority of the stockholders may
approve said increase pursuant to
law.
ARTICLE a
The corporate powers of this cor
poration shah be vested IN and exer-
cised by Board of Directors OF four
stockholders, majority OF whom
shall constitute quorem for the
transaction Of business, with full pow
or 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
| Their unsecured or secured by mort
gage on it's real estate or by chatter
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
ton; to make and establish bylaws
and to change same, to hire, employ,
and 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, o
Viee-President, a Secretary-Treasur'
err, and a Manager.
The office of Secretary and Treas
urer may be he'd by one or two per
sons and when held by two person:
the Secretary may or may not be
Director.
The Board of Directors may be in
creased at any annuay stockholders
meeting to a number no. exceeding
seven.
The first Board of Directors shall
consist of Herbert H. Taylor, Carl
ton A. Randolph, Jessie Il. Erwin, ane
William II. Ward, with Herbert II
Taylor as President, Carlton A. Ran
dolph as Vice-President. Jessie B. Er
win as Secretary and Treasurer, ant
William H. Ward as Manager, wht
shall hold office until the first Mon
day OF January, 1920, or until thei
successors have been duly elected.
. On the first Monday of January
. 1920, and annually thereafter on TIL
e first Monday of January Of each yea
the stockholders shall meet for tn
purpose Of electing a Board of Di
rectorS and the transaction of sucl
other business as may properly com
before the meeting.
Written notice of annual stockhold
ers' meetings shall be delivered per
sonally or by deposit of same in tn
postoifice addressed TO the stockhoid
er's last known address at least fl
teen days before such meeting.
: Other stockholders meetings ma
be held as provided by the laws o
Louisiana.
At all stockholders meetings eac
: share of stock shall be entitled to on
. vote, to be voted in accordance wit
/, the laws of Louisiana.
This charter may be altered or a
d. amended, the corporation dissolved
and the authorized capital increase
or decreased in accordance with tn
S laws of Louisiana, by complying wit
!. the requirements thereof in force 9
l said time, but no stakeholder shall b
I liable for the contracts or faults q
the corporation to a greater sum tina
the unpaid blaance on the stock fo
e which he has subscribed, and no mer
d informally in the organization of tn
: corporation shall render this charte
: null or expose a stakeholder to an
S liability except the unpaid balanc
= due on his subscription to stock.
ARTICLE 5
The following named persons hay
: subscribed for stock in this corpor;
e ton in the number of shares and ;
e mounts as follows, to-wit:
ri Herbert II. Taylor, 6123 Kimbar
= Ave-. Chicago, ILL.,, 80 shares, 50!
100000.
e Carlton A. Randolph, 400 Lake ST
! Evanstown, ILL.,, SO shares, $4,000,
|. Jessie b. Erwin, 6123 Kimbar
h Ave. Chicago, ILL.,, so shares, $50
G 10000.
d William H. Ward, Tallulah, Lo,
y isiana, share, 100000.
Which number of shares and
e mounts thereof the signers of this a,
: of Incorporation declare as their sui
Il 'crintion to the capital stock of tn
corporation.
O In testimony whereof the said pa
n lies have signed this act of incorpo
, alton with me, isotary, and David \
Evans and Geo. w. Rogan, comp