The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1920-05-22
CHARTER
Articles of Incorporation of the Madi-
son Grocery and Grain Com
Pany, Incorporated.
STATE OF LOUISIANA,
PARISH OF MADISON.

Ah1ol Ut hAblOOIN.
BE 1T KNOWN AND REMEM-
BERED,, That on this the 6tn day of
March, in the year of our Lord, 1920,
before me, John E. Yerger, Clerk of
tn, Ninth District Court for the Par
ish OF Madison, and EX-Officio Notary
Public in and for said Parish and
State, duly commissioned and quail
fled according to law. and in the
presence of the witnesses hereinafter
named and undersigned, personally
came and appeared .he persons whose
names are hereunto subscribed, all
above the full age of majority who
severally declared that, availing them
selves of the laws of this State rela-
tive to the organization of corpora
tions, and particularly of the pro-
visions of Act No. 267 of the Acts of
the General Assembly of Louisiana
for the year 1914. they have formed
and organized. and bu these presents
do form and organize themselves as
well as such other persons who may
become 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 and
expressed, which they do hereby
adopt as their Charter.
ARTICLE /.
The name and title of the corpora
tion horebv formed is the MADISON
GROCERY AND GRAIN COMPANY,
INCORPORATED.
it shall exist and enjoy succession
by its corporate name for the period
of ninety-nine 1907 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 and be
sued, to adopt, use and break or alter
at pleasure, a 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 of indebtedness;
TO appoint officers, directors, agents
or managers, as the interest OF, said
corporation may require; to establish
rules and regulations for the proper
management of its affairs and to
change or alter the said rules and re-
gulations when necessary, and to dc
ard perform gennrallv pnv and ~
acts necessary and proper in carry
ing 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
liz, Vice-President, or in his absence
the Secretary, is designated as the
proper person upon whom r,rvice of
legal proc .ss AGAINST it shall be made
ARTICLE Ill.
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 wholesale and retail mer-
camille business wherein the corpora
ton may buy and sell groceries of all
kinds, grain, hay, and in fact all agri-
cultural products; to buy and sell the
products on commission or otherwise:
and to carry out these objects and
purposes the corporation NAV DO any
and all things necessary or incidental
to the operation of such business.
ARTICLE w.
The capital stock of this CORPORA
ton is hereby fixed At the nm of
Thirty Thousand Dollars $3.50 900
00), divided into three hundred (3O0)
shares of the par value Of One Humid
red tS100.00) Dollars each: which
said stock shall be paid for in cash or
IN property at the time Of subscrip-
ton. or as 'he come nav he issued,
at not less than it's par value.
This corporation may commence
business when Ten Thousand Dollars
($10,000.00) of its capital stock 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 snch |
intention to sell. assign or transfer |
the same be given to the companv.
and the other stockholders sNall have
The first privilege of purchasing same:
after which thirty f3nl davs' notice
in case the other stockholders do not
purchase the same. the said stock NAV
be sold in the open market and NAV
be transferred under the above con-
iitions, provided such transfer there
Of be made on the books of the cor
at its office, on the surrender
of the stock certificate
ARTICLE ".
The corporate power of this cor
,oration shall be ves.edt in and eyer
Used by a board of directors of tbraa.
~ stockholders( majority Of whom
hall constitute a quorum for the
transaction Of business, with full
,ower TO purchase, receive by dona-
ION, sell, MORTGAGE, chattel mortgage,
hedge. pawn, convey. lease, either ]
s lessor or lessee, property. both real {
nd personal; to borrow money and
ssue the company's negotiable notes
Y bonds, either unsecured or secured
v mortgage on its real-estata chattel 9
lortgage. pledge or nawn of it's per- ?
onal property. and to do any and all q
Their acts which this corporation is
uthorized to do in carrying cut the
urposes and objects for which it is
to make and establish bv. :.
Tvs and to change the same: to hire
npioy, appoint and discharge all
fncers and EMPLOYEES, and to fix
'eir salaries, and to fill all vacancies
ccurriro in the board of Director
death. resignation or otherwise h
Each board of directors shall elect II
President Vice resider- end = Il
ecretary, who shall ex-officio be {,
1t shall also elect q Canoro, NJ RI