The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1920-05-01
CHARTER
Articles Of Incorporation of the Madi-
son Grocery and Grain Com
Pany, Incorporated.
STATE OF LOUISIANA,
PARISH OF MADISON.

March. in the year OF our Lord, 1920, |
before me. John E. Yerger, Clerk CT
the Ninth District Court for the Par
ish o. 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 -ne persons whose
names are hereunto subscribed, all
above the full age of majority. who
severaily declared that, availing them
selves of the laws of this State rela-
tive to the organization of corpora
tons, and particularly Of the pro-
visions of Act No. 267 Of the Acts of
the General Assembly of Louisiana
for the wear 1914. they have formed
and organized. and bv these presents
DO form and organize themselves as
we'll as such other persons who may
become associated with them and
their successors. into 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 l.
The name and title of the CORPORA
ton hereby 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 (a9) years from and
after the date hereof unless sooner
dissolved; its certificates of stock shall
be signed by the President and Secre-
tary and bear the impress of the seal
of the corporation: it 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-
/ uuire by purchase, lease or otherwise,
real, personal and mixed property; to
hold own, ALLEVIATE. lease, pledge or
| mortgage the same. to incur debt 4;
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 prouer
management of it's affairs. and to
change or alter the said rules and re-
gulations when necessary, and to do
and perform generally any and all
acts necessary and proper in carry
inc out the business and purposes OF
this corporation.
The domicile of this corporation is
hereby fixed at Tailulah, Madison
Parish, Louisiana.
The President, or in his absence
the Vice-President, or in his absence
the Secretary, is designated as the
uroper person upon whom ~nrvice OF
legal process against il shall be made
ARTICLE Ill.
The objects and purposes for which
this corporation is organized, and ths
nature of the business to be carried
on by it are hereby declared to be t.
conduct a wholesale and retail mer
camille business wherein the corpora
ton may buy and sell groceries of al
kinds, grain, hay, and in fact all agri
cultural products; to buy and sell tht
products on commission or otherwise
and to carry out these objects anC
purposes the corporation may do an!
and ali things necessary or incidental
to the operation of such business.
ARTICLE w.
The capital stock of this corpora
ton is hereby fixed at the sum o.
Thirty Thousand Dollars 1880 900.
, 00), divided into three hundred $500,
shares of the par value of One Humid
red ($100.00) Dollars each: which
said stock shall be paid for in cash o
in property at the time of subscrip
ton, or as the same may be issued
at not less than its par value.
This corporation may commence
business when Ten Thousand Dollar
($10,000.00) of its capital stock i
subscribed for in accordance with tn,
provisions of law.
Any stakeholder may sell his stool
in the corporation, provided tina
thirty (30) days prior notice of spcl
intention to sell. assign or transfe
| the same be given to the COMPANY
and the other stockholders shall havt
the first privilege Of purchasing same
after which thirty (30) days notice
in case the other stockholders do no
purchase the same, the said stock ma,
be sold in the open market and ma,
be transferred under the above con
ditions, provided such transfer there
of be made on the books of the cor
poration at its office. on the surrendel
of the stock certificates.
ARTICLE V.
: The corporate power Of this cor
poration shall be vesred in and exer
] cised by board Of directors of tire,
81 stockholders majority of whor
shall constitute a quorum for tn:
I transaction of business, with full
power to purchase, receive by dona
ton, sell, MORTGAGE, chattel mortgage
pledge. pawn, convey, lease, either
! as lessor or lessee, property, both rea
and personal; to borrow money anC
issue the company's negotiable note
or bonds, either unsecured or secured
by mortgage on it's real-estatn. chatte
mortgage, pledge or nawn of its per
soral property. and to do any and al
other acts which this corporation i:
authorized to do in carrying out the
purposes and objects for which it !.
established; to make and establish by
laws and to change the same: to hire
employ, appoint and discharge al
officers and employees, and to is
their salaries, and to fill all vacancies
occurring in the board of directors
by death. resignation or otherwise
Each board of directors shall elect
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