Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1920-04-08

TIVE STORE, INC, gsaud its domi-
Gle is hereby fixed in the City Of
Bogalusa, Washington Parish, Louisi-
ana. and service Of all legal process
shall be had on it's president, and in
his absence, on the secretaFy-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
q corporate seal, and the same to
change and alter at pleasure; to ac-
6uire, 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,
EIE#7 ~. 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 kinds of
Goods. wares and merchandise, chat
tells. i've stock, and other kinds of
personal property; to purchase. hold,
lease. own, sell, mortgage, pledge,
improve and handle all kinds of prop
ertv. 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
purDoses of. this corporation.
ARTICLE w.. @
The capital stock of this corpora
ton is hereby fixed at the sum of
Fifteen Thousand (S15,000.00) 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
Jon shall be a going concern when
Twelve Thousand ($12,000.00). 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-
ouisites 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
seription within that period, the
Board of Directors shall proceed to
enforce the collection of same in such
manner as they deem best.
ARTICLE v.
This corporation shall continue for
a period of ninety-nine years, unless
sooner dissolved by the members, IN
Ger this charter, or by law,
ARTIYLE VI
The affairs of this corporation
shall be managed and its business
shall be conducted by Board OF
Directors, consisting of sever stock
/ holders, each holding at LEES !. Ono
I Hundred Dollars worth OF tt Capt.
I tai Stock, urpledged. ! The Bcard 81
Directors shall have full po.rer I'd
employ and discharge all Officers
agents and employees, and fix their
/ compensation and confer on any OF.
ficer such power or authority as they
J 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; ]. ]. Carter, Mrs
| Ed Harms, H. III. Mccormick, j. II
! Lipscomb, z. G. Gibson. II. c. Coor
and NJ. ]. Graves, all Of whom reside
/ in BogaIusa, Louisiana, and who shal
serve until the first regular stock
holders meeting FOR the election OF
directors. The stockholders meet
] ings fer the election Of director:
shall be held on The first Monday Of
April, 1921, and on the first Monday
! Of April of each succeeding year. az
directors shall serve until then
successors are elected and qualified
In the event OF. failure to elect di.