The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1920-04-24
CHARTER
Articles of Incorporation of the Msdi-
son Grocery and Grain Com
Pany, Incorporated.
STATE OF LOUISIANA,
PARISH OF MADISON.

ich o. Madison, and Ex-Officio Notary
Public in and for said Parish and
State, duly commissioned and quail
fled according 20 law, and in the
presence of the with esses hereinafter
named and undersigned, personally
came and appeared 'Ne persons whose
names are hereunto subscribed, al
above the full age CT majority. who
seve-allv declared that. avaiing them
selves of the laws of this State rela-
tive 70 the organization Of corpora
tons, ard rarticu 2riy Of the pre-
visions of Act No. 267 OF the Acts OF
the General Assembly Of Louisiana
fer he year 1914. they have formed
and organized. ard b. these presents
do form ard organize themselves as
well as such other persons who may
Dacome associated with them and
their successors, into a corporation
and body polite in law for the OBJ
jects and under the stipulations and
agreements hereinafter set forth ard
expressed. which they do hereby
adopt as their Charter.
ARTICLE I.
The name and title Of the CORPORA
tion hereby formed. is the MADISON
CP0CEPY AND GRAIN COMPANY,
INCORPORATED.
1t shall exist and enjoy succession
by its corporate name for the period
OF ninetv-nine Eo9) wears from and
after the date hereof unless sooner
dissolved; its certificates of stock shall
be signed by the President and Secre-
tarv and bear the impress of the seal
CT the corporation; il shall have power
and authority TO contract, sue ard be
sued. to adopt, use and break or alter
at pleasure, corporate seal; to ac-
quire by purchase, lease or otherwise,
real, personal and mixed property; to
hold own, ALLEVIATE, lease, pledge or
mortgage the same to incur debt;
to borrow money and to issue notes
and other evidences CT Indebtedness;
to appoint officers, directors, agents
or managers. as the interest of said
corporation may require; to establish
rules and regulations fer the proner
management Of its affairs and to
change Or alter the said rules and re-
gulat!ons when necessary, and to do
and perform generally any and all
acts necessary and proper in carry
: in" out the business and purposes of
this corporation.
ARTICLE II.
The domicile of this corporation is
hereby fixed at Tallulah, Madison
Parish, Louisiana.
The President. or in his absence
the Vice-President, or in his absence
( the Secretary, is designated as the
proper person uDon whom ~arvice OF
legal process against il shall be made.
ARTICLE III.
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 TO
conduct a wholesale and retail mer-
camille business wherein the CORPORA
ton may buy and sell groceries of all
kinds, grain, hay, and in fact all acri-
cultural products; 20 buy ard sell the /
products on commission or otherwise;
and to carry out these objects and
purposes the corporation may do any
and all things necessary or Incl dental !
to the operation of such business.
ARTICLE ".
The capital stock of this CORPORA
tior is hereby fixed at the sum OF
Thirty Thousand Dollars $3.50 COO .
COZ, divided into three hundred 5000 /
shares of the par value of One Humid /
red ($100.00) Dollars each: which |
said stock shall be paid fer in cash or
In property at the time Of subscrip-
ton. or as the same may be issued,
at not less than It's par value.
This corporation may commence
business when Ten Thousand Dollars
tSlO 00O.00D If its canital steel; Is
subscribed for in accordance with the
provisions OF Law.
ANY stakeholder may sell his stock
IN the corporation. provided that
thirty 500 days prior notice of such
intention TO sell assign or transfer
the same be given TO the con,panv.
ard the Other stockholders shall have
the first privilege of purchasing same:
after which thirty (30) days' notice,
In case the ether stockholders do not
purchase the same, the said stock NAV
De sold IN the open market and NAV
be transferred under the above con-
dltlons. provided such transfer there
OF be made on the books of the cor =
portion at its office, on the surrender
of the stock certificates.
ARTICLE V. !
The corporate power of this cor
poration shall be ves-ed in and exer- I
used by board of directors of three
10 stockholders a majority of whom
shall constitute a quorum for the
of business with full
power to purchase. receive by dora
ION, sell. mortgage, chattel mortgage,
pledge. pawn, convey, lease, either
IS lessor or lessee. property, both real
md personal; to borrow money and
ssue the company's negotiable notee
" bonds, either unsecured or secured y
" mortgage on its real-estate, chattel &
MORTGAGE, pledge or nawn of it's per q
oral property. and to do anv and AL Il
Their acts which this corporation is 81
uthorized to do in carving out the y
imposes and objects for which If is a
to make and establish bv. n
iws and to change the same; to hire a
mploy, appoint and discharge all b
Ulcers and employees, and to fix 81
ieir salaries, ard to fill all vacancies q
ccurring in the beard of director q
death. resignation Or Otherwise &
Each board of directors shall elect a
President. Vice-Presidert and a y
who shall ex-officio be y
reasurer.
1t shall also elect General Man s
er, who shall have control of the tu-
ness affairs of the corporation, sub
CT to the orders of the board of di-
ctOrS The SaoraLor. -.