Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1920-07-31

by F. c. 5. Secretary
The following named Stockholders OF
the tahovitic Mercantile Co., met on
the saia 4.H, day Of june, 1920, at the
Office of TIL company at lis doInicllc ii
tAe town OF AbbeNilIe, La, at the hour
IS clock +. IL, III person or by proxy
rs hereinafter stated, and who held and
hold the number OF shares OF capital
Stock Of the A5eville Mercantile Co.
a. AuJc\uie, La. to-WIt'
II. \. t.treoGr -------.---.----.- s-ares
Mrs. - L. Watts OBSERVATION-DISCLOSURES + shat IS,
T. g.. o'e1b'as .----. ----.. -...-- II shares
y. "1d ". fucker ----------.-- - sha IS.
Mrs. Lorena Ste. bins hy / ~. Steo.
BINS, Observation-Disclosures l. shares
! Total number Of shares II the capital
Si'rE "i AH'e\--e Mercantile Co., re-
presented la person and by proxy, be
Hg seventy n"e ~ shares.
Iht'e beng stockholders present in
person bE proxy, as above set out, wIo
togei"eF own more tan two thirds OF
al ne stock OF the AbbeViIie Mercan-
Tie Coz me meeting was then organized
by eiecting l.. N. Stebblns as chairman
and r. I. Steooins as treasurer OF the
meeting.
lac purpose OF tue meeting was then
read to tae stockholders present by F.
. y, o'.o'!'.s' sst'e-"r|' cop! Oh "-'th Is
"o.'1 so' t'' ~,
II. - I-''' I % 'nt" mo>eu, "hich
motion was GoIE Stt'"'Jd' tIat the
l"''"' ing it9Y'"'!o" 'e ADOPTED oy TIE
s-,5"'."1'eI meeting 'o-"i''
I bc IL Lt'oIH 81 tnd' l"e tdtlIaI Stock
% 'No nv 20, Ue IN
y't1nlt ION L EN l 4iO SAM DCh-
'--Ano N7lo,C'y.yDl me present amount
. 10 / " ~ - / ~ Il tIiOI SAM boh'
I''Ho >?-''lo5'U1l tnt .''.,,,o,,4' CAP,
..'t SUE % ~ - I L.'1 AilO SAM
/ DOl-L-A"2 \9I''y'g,'yJ oe IeiIeSenteu
/ ~ O'e iluh"Ieu Dol'aIS eacn' "nicH
( &I"iti5hu eaIi'u STOCK Oh H'eeh
I%ous""" D'''S'' per snare, ne SalQ
adultlohdI siocA S"ah pe pau LOT az
one huAGrea DolIarS per snare me 7alu
a'ultiohaI STOCK 10 oe alStrlOuteu equal,
/! among the StoeAAoluers no" OF
record III proportion 10 Inc hGuiOer o1
SHARES Oh STOCK no" Helu ny tneEi, ana
accordingly Artleie NO III o. tne Char-
ter olzShe AooeVlle mercantile Com
F I
cd and fe-ehacted 70 read as FOLLOWS,
to-"l1' ,or ,,-rr
AWHILE 1hhbE
The Capital Stock Of this Corporation
shall be TWENTY FIVE THOUSAND
DOLLARS (S25,000.00), divided INFO
Two Hundred and Fifty (2j0) Shares
Of &c Hundred Dollars each, but 1t
shall begin business as soon as one half
Of the subscribed stock shall be paid
in, the remainder Of the capital stock
shall &c paid up within ninety DAYS
said stocK shall be transferable only
Oh the Stock Books Of the Corporation,
on surrender If or due pro of OF loss OF ,
sad certificates but transfer Of stock
,,aiI be valid or binding on this cOrpor- !
alton until the same shall have been
uuly entered on its books.
The motion was duly put and was
unanimously carried by the stockholders
present, the number of shares voting
for the adoption of the above aud
foregoing resolution and amendment /
70 the Charter, Seventy Nine (79) and .
against, none.
All members present having voted
than two third l23j OF me The total total shares
of the Capital Stock Of the AbbeviIle
Mercantile Company, it was declared by
the Chairman 10 be uuou mouslv car
rict and adopted
Upon motion of H. 4. Eidraige, duly
seconded bv S. 2. Watts. the following
resolution amending Article Four If
the charter Fl the hbbev;lle Mercantile
Company. was real by the Secretary
and WIS unanimously adopted:
BE II RESOLVED. that Article "
# the charter Of the Abbeville Mercan-
tile Company be and the same is hereby
amended a4d re-euacted to read as fol
lows:
All tle- corporate powers Of this cor
roratie1 shall be exercised by board
- Five ~ directors, three of which
shall consist Of the President, Vice
President and Seclotary-treasurcr
Three Of said board shall constitute
a quorum for the transaction Of business
and their decisions shall be valid cor
noraJc acts.
the following persons shall cOnstf-
ste the first Hoar' Of directors:
Z. = STEBHINS, President, Ab
seville, la.
w. ). 5 TEBBINS, Vice Prssidcnt,
Abbevillc, La.
MORN TICK ER SpcTp+lTV Trpoa- 9