The Natchitoches enterprise., 1921-01-13
CHARTER
State Of Louisiana,

Parish OF atchitoches.
Be fore me Albert f. Ewing, q duly
commissioned, qualified and acting lio-
tafy iuuhc.. II and tor thu above ,.f5--
Ten state ara Parish. ms :as 90
sQnaiiy came and appeared.
Joe .IolIey, resident of Parish o1
Natchitoches, Z. O., Powhatan,
4 @. Marlborough, resident Of Pow
hatan, Natchitcches, La.
L. G. Tanner, a resident Of Pow
hatan. Natchitoches, La.
Clyde L. Gayle, resident Of Pow
hatan, Natchitoches, La.
w. e. MoreIand, resident Of Pow
hatan, Natchitoches, La.
All OF whom declared to me Notary.
That availing themselves Of the laws
Of Louisiana, they desired to form a
Corpora tion under the said laws of
Louisiana, and they now appear for the
purpose of adopting the following gas
the Charter for the said Corporation.
The name Of the Corporation shall be
powatan Mercantile Co., Inc. and the
said Corporation shall be ,omicled at
PoWilatan IN the Parish of Natchitoches.
State of Louisiana.
Art. Ii
The purpose of the said Corporation
shall be for the purpose of conducting
q general Mercantile business at Pow
hatan and such other points as the SAID
Corporation may see fit,. and to own
aud buy and sell property both real and
personal; to conduct such farming and
planting business as they may see fit, in
connection with their business. in the
Parish of Natchltocnes.
Art III
The amount of the Capital Stock of
the said Corporation shall be the sum
Of ten thousand dollars authorized Cap
itaI Stock, and Of which sum the
amount of five thousand dollars is de-
clared to haved been subscribed, ana
II this sum the amount of twenty five
hundred dollars is declared to have
beel. paid ii cash at the tine Of The
signing of this charter. The capital
stock shall be represented by shares Of
stock OF One Hundred Dollars pa value
each.
Art. w
The Corporation, created by the |
adoption Of this Charter snail exist for
a period OF Fifty years, unless SOONER !
dissolved by action of the stock holders, I
or other parties acting under tne law. +
The affairs Of this Corporation shall |
be administered 10y Board of Direc-
tors, composed Of five stock holders,
and the sand Board of Directors shall |
have power to appoint the officers for
the first year and which officers shal. j
consist OF q President, Vice President, !
Secretary AMI Treasurer, and the latter /!
otiice OF Secretary and Treasurer may.
be filled by the same person, and these I
SHALL hold until the first of January
1922, at which time their successors
shall be elected, or until their success
sors are elected and inducted into Of
fee.
Art. vi
There beiag on hand, in the Store
house formerly occupied by Marlborough
Company Inc. ;.s POWatar, the re,c ant
of a stock Of goods, which remnant of
stock OF goods is the property of Joe
Jolley ard Clyde L. Gayle, and. which
it is agreed shall become the properly
of this Cooperation, and for which
stock shall be issued and delivered to
The said parties, the present owners Of
he said stock of goods.
Art. VII
The stock of goods referred to in the
above article Of this Charter having
,een duly appraised by e. G. Tanner
ind Joe Joiley, both good and conipe-
ent appraisers appointed for that
purpose, and were by the said ap-
SO made after having been
'uly sworn were so appraised at the
rice and sum of seven hundred eighty
hree and fifty hundrcdths dollars ard
which app, aisemcnt is made part of
his charter by reference being duly :
ecorded in the recorders office of the
'arish OF Natchitoches, and to which
xtent stock Of the Company shall be {
5sued and delivered t. the said parties. q
he owners Of the said stock of goods, {
Q taken over by this Corporation.
Art. Viii
This Corporation shall have success ,
ION by its Corporate name for the r
erm Of fifty years as above named. =
TO sIe and be sued by its Corporate +
ame IN any Court of Competent Juris-
ictiou. n
10 make and use seal and to alter
se same at Will.
To acquire property by grant. gift,
urchase, and TO DEVISE or bequest to
'ase, hold and dispose of, and to mort
age and to pledge the same, all sub
ct to such limitations as may be pro-
ded by law.
To appoint such officers or agents as
le business OF the Corporation may il