The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1921-02-26
CHART
PEOPLES GROCERY COMPANY
INCORPORATED

State of Louisiana,
Parish of Madison.
BE 1T KNOWN, That on this 29th
day of January, 1921, before me, the
undersigned authority, duly commits
stoned and qualified according to law,
and in the presence of the witnesses
hereinafter named and undersigned,
personally came and appeared M. +.
Ward, ]. II. Collins, G. H. Ogbourne,
F. and F. Belts, Jas. r. Linton,
/ Florence Pierson, DR.. F. E. Helton,
James A. Moberly, w. H. Carroll, +.
p. Jones, Chas w. Style, T. B: Lucas,
Mrs. L. M. Spencer, Mrs. Geo. Spen,,
Ger. ]. C. Belts, w. G. Mcintosh and
M. T. Young, ali residents of Madison
Parish. Louisiana, and having their
post office address at Tallulah, Lou
isiana. all of lawful age, who declared
that availing themselves OF the laws
of the State of Louisiana, they have
coyenanted and bound themselves,
and do by these presents covenant,
agree and bind themselves, as well
as such other persons as may mere
after become associated with them,
to form and constitute corporation
and body polite in law, for the pur-
pose and objects, and under the stlpu-
iations, conditions and articles follow
ing: ~
The name and style of the cor
poration hereby formed shall be
PEOPLES GROCERY COMPANY,
INC, and under such name said cor.
poration shall have power to have and
enjoy succession for the term of fifty
(5O) years from the date hereof, to
sue and be sued; to make and use a
corporate seal, and the same to break
and alter at pleasure; to acquire.
hold, lease, exchange, convey, and
ALLEVIATE. as well as to mortgage,
pawn, pledge, and in any manner
cucumber property, real, personal or
mixed, corporeal or incorporeal; to
borrow money and grant security
therefor; to appoint such managers,
agents, and officers, and to engage
such employees as its business or con-
venience may require, and to make
and amend or abrogate at pleasure
such bylaws, rules and regulations
for the conduct of it's business a.;
may be necessary and proper.
ARTICLE III.
The objects and purposes for which
this corporation is established, and
the nature of the business to be
carried on by it,, are declared to be:
To engage in and conduct general
retail grocery business in the Village
of Tallulah, Louisiana, and in further
ance thereof to handle groceries,
grain, farm products, and such other
goods and merchandise as are usually
sold in connection with the grocery
business; and in general to engage
in any business complimentary Or in
cidental to the grocery business.
ARTICLE III.
The domicile Of this corporation
d. shall be in the Village of Tallulah
Madison Parish, State Of Louisiana
: and citation and other legal process
7 shall be served upon the President,
and in his absence upon the Secre
tafy- Treasurer thereof.
ARTICLE w.
; The capital stock of this corpora
ton is hereby fixed at the sum o.
FIVE THOUSAND, TWO HUNDRED
AND FIFTY DOLLARS tS5,250.00>
represented by one hundred and fifty
shares Of the par value OF Thirty.
five Dollars (35.00) each, but it i:
|, understood that the corporation shai
|. be authorized to commence bushes
as soon as one hundred shares OF
!. stock is subscribed and paid for. Il
is understood further that this cor
poration is to purchase and take ovel
the stock of the Bynn Yam Company
and that stock of same is to be &C
copied at par in exchange for stool
Of this corporation, the Directors Of
this company having inventoried tht
stock and merchandise Of said BynI
!, Yam Company and having declared
!. the stock thereof to be worth par
) the exchange Of stock certificates Il
!. be made in such manner as may b,
, deemed best by the Directors of thi
= corporation.
' Stock of this corporation may b,
: issued at par in payment or exchang,
: for labor done, or for money or pro
= perty actually received by the cor
!. poration.
: No certificate Of stock shall b
: issued until the stock conveyed there
+ by has been fully paid for, nor shall
:, Iany certificate for less than one Il
!. share of stock be issued or trans
: ferred.
!. Any stakeholder may sell, assign
or transfer his stock in this corpora
: ton, provided thirty (3O) days priO
notice of such intention to sell, assic,
= or transfer the same to be given tn
!. company. and the other stakeholder
thereof shall have the first privileg
: of purchasing same; after thirty $50
q days notice the said stock may b
= sold in open market.
I This corporation shall recogniz
the exclusive right Of person regis
, tered on its books as the owner o
shares of stock to receive dividends
and to vote as such owner, and shal
hold liable for calls and assessment
all persons registered on its books a
u the owner of shares.
ARTICLE V.
The Board of Directors of this cor
poration shall be composed of fiv
90 stockholders thereof, who, exceu
Il those named herein to compose tn
first board, or elected by the board t
fill vacancies therein, shall be electe
n by the stockholders on the first Mon
y day of January in each calendar yea
" and shall hold and exercise the dutie
!. of their office until their successor
u have been duly elected and qualified
All meetings of stockholders O
S directors must be held at the domicil
of said corporation; provided tina
with the written consent of all dir
ectors valid meetings of directors ma
L be held outside of the State mr. with