Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1920-06-05


The objects and purposes for which
this corporation is organized, and the
nature of the business to be earned on
bv it are stated and declared TO be as
follows, to-wit:
First: To buy, sell and deal in, at
Wholesale and retail, dry goods, notions,
clothing, wearing apparel, aud textile
fabrics If every kind, hats, ca1s, boots,
shoes, furnishing goods, fancy goods,
and merchandise Of like character and
description, and 70 conduct the business
Of general dry-goods and clothing mcr-
chants, tailors, diapers, haberdashers,
and general outfttets:
Second: To carry on a general hard.
ware business, including the pur chase
and sale of all kinds Of hardware, at
Wholesale or retail.
Third: To buy aud sell groceries
Fourth: To buy, sell and deal in all
kinds of machinery, engineering and
hardware specialties, gasoline or gas en-.
gines and motors, steam engines, boil
ers, electrical motors, fixtures and app
pliances, automobiles and automobile
supplies and accessories, vehicles, wa
CONS, implements, tools, etc.
Firth: To buy, sell and deal in mil
linery, fatehers, ribbons, hosiery, artif-
cial flowers and other millinery special
ties.
And generally to carry on a general
mercantile or merchandise business, or
department store, and to purchase, sell
and deal in such goods, supplies and
merchandise as are or may be sold in
general department stores.
ARTICLE 4.
The eaptal stock of this corporation
is hereby fixed at One Hundred ThOus-
anG (Sl00 000.00) Dollars, divided and
represented by one thousand shares, of
the par value of One Hundred $4,000
Dollars, PER snare, fifty per centum of
which stock shall be subscribed before
fling these articles of incorporation for
Tecordation in the office of the Clerk
and Recorder Of Vermilion Parish, La,
and which fftq per centum shall be
actually paid before this corporation
shall engage in business, and the re-
naming fiftq per centum If the stock
shall he subscribed and paid for within
twelve months of the signing of these
articles of incorporation. The stock Cf
tnis corporation shall be represented by
certificates, and shall be personal prop
ertv. The form of the certificates shall
be determined bv tho Board of Direc-
tors, and signed by the President and
the Secretary, and sealed with the seal
Of the corporation, if one is adopted,
and shall be transferable in the manner
prescribed by law.
The capital stock Of this corporation
may be increased, in the manner pro
vided hereinafter, TO the amount of
Two Hundred Thousand $780, 100000
Dollars
No stock or bond of this corporation
shall be issaed except for labor done,
services rendered. or money or property
actually received.
Article ).
TIE business and affairs OK this cor.
poration shall be managed by a Board
Of Four az Directors, and all the pow
ers of this corporation, without restric-
tions, shall be vested in and exercised
by said Board of Directors Each di-
rector shall own in his own right, az all
times, during his term IF office, at least
one full paid and unuledged share Of
the capital stock Said Board of Di.
rectGrs shall be eected annually on the
legal lav Of the month Of June, Of ca b
wear. the FIRST election to be held in the
wear 1921. Tlc directors shall el
rom their number a President, Vice
President and a Secretary. Treasurer.
They may appoint other agents and en-
plovees who may be rem wed at their
pleasure. They may also have powe,s
TO III any vacancy in their number.
The directors all be elected at he
stockholders meeting, held at the DOM
ieile of the corporation, snd the not &c