Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1920-04-15

TIVE STORE, 1NC.," and its doml-
Gle is hereby fixed in the City of
Bogalusa, Washington Parish, Louisi-
ana, and service of all legal process
shall be had on its president, and in
his absence, on the secretary-treas-
urer, and in the absence of both, as
provided by law.
ARTICLE II.
Said corporation shall have power
to sue and be sued; to make and use
a corporate seal, and the same to
change and alter at pleasure; to ac-
ouire, purchase, hold, lease, grant,
sell, pledge, mortgage, cucumber, all
kinds of property, real, personal and
mixed, and to make bylaws, rules
and regulations for the conduct of
its business not inconsistent with law
nor with this charter; to employ and
discharge such officers and agents as
the business of the corporation may
require, and to fix the compensation
of its employees; to wind up and dis
solve itself, and generally to do and
perform such acts as the law grants
to such corporations.
ARTICLE III.
The object and purposes for which
this corporation is organized and the
nature Of the business to be carried
on by it, is hereby declared to be as
follows, to-wit:
To buy and sell, at wholesale or
retail, for cash or credit, all klhus of
FOODS, wares and merchandise, chat
tells, live stock, and other kinds of
personal property; to purchase, hold,
lease, own, sell, mortgage, pledge,
improve and handle all kinds of prop
erty, real, personal and mixed, and
to establish and operate one or more
branch stores in Washington Parish,
or elsewhere, as the Board of Direc-
tors may deem fit, and generally to
do all acts and things incidental, nee
essary and proper in carrying out the
purposes of this corporation.
ARTICLE w.
The capital stock of this corpora
ton is hereby fixed at the sum of
Fifteen Thousand ($15, 0OO.0O) Dol
lars, divided into and represented by
three hundred 5000 shares, Of the
par value of Fifty ($50.00) Dollars
per share. No fractional share Of
stock shall be issued. This corpora
ton shall be a going concern when
Twelve Thousand (S12,000.00) Dol
lars of the Capital Stock shall have
been subscribed, and not less than
fifty per cent of the entire Capital
Stock as herein fixed shall have been
paid in to the corporation in cash,
and on complying with the other re-
quisites of the law. All of the sub
scribed Capital Stock must be paid in
within one year from the date of
this charter, and on the failure of
any stakeholder to pay all his sub
scription within that period, the
Board Of Directors shall proceed to
enforce the collection of same in such
manner as they deem best.
ARTICLE ".
This corporation shall continue for
a period of ninety-nine years, unless
sooner dissolved by the members, I'M
der this charter, or by law.
ARTIVLE vi.
The affairs of this corporation
shall be managed and its business
shall be conducted by a Board of
Directors, consisting of seven stock
holders, each holding at least One
hundred OOllaFS WOEIu OF Inc Sdpl-
tai Stock, unpledged. The Board of
Directors shall have full power to
employ and discharge all officers,
agents and employees, and fix their
compensation and confer on any Of
ficer such power or authority as they
deem fit, and to make all such by
laws, rules and regulations for the
conduct of the business of the cor
poration as they deem best.
The first Board of Directors shall
be the following: J. ]. Carter, Mrs.
Ed Harms, H. M. Mccormick, J. H.
Lipscomb, E. G. Gibson, H. G. Coon
and NJ. J. Graves, all of whom reside
in Bogalusa, Louisiana, and who shall
serve until the first regular stock
holders meeting for the election Of
directors. The stockholders meet
ings for the election of directors
shall be held on the first Monday of
April, 1921, and on the first Monday
of April of each succeeding year. All
directors shall serve until their
successors are elected and qualified.
In the event of failure to elect di-