Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1920-07-10
STOCKHOLDERS MEETING OF THE
Abbeville Mercantile Company
ABBEvILLE, LOUISIANA

!
Abbeville Mercantile Company
ABBEvILLE, LOUISIANA.
Abbcvillc, La, June an loon
p,rs,a,.t to a call for a a.,',.-.,
.,,cIhordcr meeting Of the A6br,ina
Mercantile CO., to be held at the d,,,I
,.iI, nj SAID company at AbbelIuc. l.,
"" ,hc Iurth day of June. 1920 In,'
,n,i,,. If which melting was given r. ,I,
,hr shareholders of SAID company Of rc.
cord, to.wit:
NJ Stcbbins, W. j. 3tebbn. :
Tu,'t.r {. ,.eDbms, Mrs Io,.,.,
tt"LLiI. Mrs. J. \. Greene, M,, : ~
: \t,tt, pr. II. \. Eldredge, p. Il. Ste.
/ bins, aad 5. +. Wcbre, which read n,
yru are hereby notified that tb,.r.
will he a special meeting Of the si,rl.
LoIJ,rs of the Abbeville Mcrcant,.
r,,,,,,,nv. at the Office of tle cn,p,,.,,,..
in the town OF Abbeville, La, on MI
Law .Juue I, for the purpose OF amend
mo- ortirle THREE Of the chartor -
the COMPANY, whereby the capital IF Tho
/ .nrnanL NAV be increased TO S25.0Oo IN,
and TO amend article FOUR of the char.
ter. whereby five directors may be Gle.
ctcd instead of four.
/ (Signed) y. TUCKER,
by F. G. S. Secrctary
The following named stockholders of
the Abbeville Mercantile Co.. met an
fine said 4th, day of June, 1920. at the
office of the company at its domicile in
rae town of Abbeville, La, at the hour
; O'Clock p. NJ, in person or bv proxv
as hereinafter stated, and who held and
hold the number of shares of capital
stock Of the Abeville Mercantile Ca
of Abbeville, La. to-wit;
f. VI. Stebbins ......-..-.......20 shares
II. \. Eldredge ..........-...... s shares
Mrs. S p. Watts ...-----.......... 4 shares.
+. c. Stebblns ..... ii shares
y. and W. Tucker nam. "a shares
Mrs. Lorena StebbinS by F c. Steb-
bins II shares
Total number of shares Of the capital
stock Of Abbeville Mercantile Co., re-
presented in person and by proxy, be-
! ing seventy nine (79) shares.
There being stockholders present in
person by proxy, as above set out, WAC
| topethcr own more than two thirds Of
ali the stock of the Abbsville Mercan.
tile Co.. the meeting was then organized
bv electing E. NJ. Stebbim as chairman
and f. c. Stebbins as treasurer of the
meeting
The purpose of the meeting was then
read to the stockholders present by f.
{. Stebbins, secretary, coy of which is
above set forth.
II. A. Eldredge then moved, which
motion was duly seconded, that the
following resolution be adopted by the
stakeholder meeting to-vit:
Be it resolved that thecapital stock
of the Abbeville Mercantile Co, be in
creased from TEN THOUSAND DOL
LARS (sl0,00000) the present amount
to TWENTY FIVE THOUSAND DOL.
LARS 1925, 100000; the additional capt
tai stock of FIFTEEN THOUSAND
DOLLARS s15,OOO.0O) be represented
by One Hundred Dollars each, which
additional capital stock of Fifteen
Thousand Dollars per share, he said
additional stock shall be paid for at
One Hundred Dollars per hare, the said
additional stock to be distributed equal
ly among the stockholders now Of
record in proportion to the number Of
shares of stock now held BY them, and
accordingly Article No III of the Char
ter of the Abbeville Mercantile Com.
pany be, and the same is hereby amend.
ed and re-enaeted to read as follows,
to-wit:
ARTICLE THREE
shall be TwESTY FIVE THOUSAND
DOLLARS 100000, divided into
Two Hundred and Fifty (25o) Shares
of One Hundred Dollars each, but it
shall begin business assoon as one half
of the subscribed stock shall be paid
in, the remainder of the capital stock
shall be paid up within ninety days
Said stock shall be transferable only
on the Stock Books Of the Corporation
on surrender Of or due pro Of of loss OF
said certificates but transfer of stock
snail be valid or binding on this corpor
alton until the same shall have beer
duly entered on its books.
The motion was duly put and was
unanimously carried by the stockholderi
present, the number Of shares voting
for the adoption Of the above and
foregoing resolution and amendment
to tie Charter, Seventy Nine (79) ant
against, none.
All members present having voted
for the above resolutions, being mor'
than two third (2-3) Of the total shares
of the Capital Stock of the Abbevill'
Mercantile Company, 1t was declared b,
the Chairman to be unanimously car
Tied and adopted.
Upon motion of H. A. Eldredge, dull,
seconded by S. P. Watts, the followin.
resolution amending Article -Four o
the charter of the Abbeville Mercantile
Company, was read by the secretar,
and was unanimously adopted:
BE TT RESOLVED, that Article "
Of the charter Of the Abbeville Mercah
tile Company be and the same is hereb.
amended and re-enacted to read as fol
lows:
All tae corporate powers of this cor
poration shall be exercised by boar
of Five 81 directors, three of whicl
shall consist Of the President, Vice
President and Secretary
Three of said board shall constitut
a quorum for the transaction Of bushes
and their decisions shall be valid col
pOrate acts.
The following persons shall const
tute the first Board of Rirectors:
f. NJ. sTEBBINs, President, AT
beville, La.
W. J. sTEBBINS, vice-President
Abheville, La.
NORMA TUCKER, Secretary Treas