The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1921-03-05
CHARTER
PEOPLES GROCERY COMPANY
INCORPORATED

authority, duly coH,iis
stoned and qualified according to law,
and in the presence Of the witnesses
named and undersigned,
personally came and. appeared NJ. r.
Ward. ]. H. Collins, G. H. Ogbourne,
E. and F. Belts, Jas. r. Linton,
Florence Pierson, Dr.. F. Z. Helton,
lanes A. Moberly, W. H. Carroll, Z.
p Zones. Chas W. Style, T. B. Lucas,
Mrs. l. M. Spencer, Mrs. Geo. Spen--
Ger. ]. C. Belts, w. G. Mcintosh and
N. T. Young, ali residents of Madison
Parish, Louisiana, and having Inelr
post office address at Tallulah, Low,
isiara, 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 wei
as such other persons as may mere
after become associated with them,
to form and constitute a corporation
and body polite in law, for the pur-
pose and objects, and under the stlpu-
lations, conditions and articles follow
ing: ,
The name and style Of the cor
noration hereby formed shall be
PEOPLES GROCERY COMPANY.
INC, and under such name said cor,
poration shall have power to have and
enioy succession for the term OF hfty
(5O) years from the date hereof, to
sue and be sued; to make and use
corporate seal, ard the same to break
and alter at pleasure; to acquire,
hold, lease, exchange, convey, and
| ALLEVIATE, as we'll 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 its business as
may be necessary and proper.
| ARTICLE ii.
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 a general
retail grocery business In the Village
of Tallulah, Louisiana, and in further
ance thereof to handle groceries
grain, farm products, and such otneI
goods and merchandise as are usually
sold in connection with the grocer!
business; and in general to engage
in any business complimentary or In
Z - 81 g. tla httS
ARTICLE III.
The domicile of this corporatiol
shall be in the Village of Talluiah
Madison Parish, State of Louisiana
and citation and other legal process
shall be served upon the President
and in his absence upon the Secre-
tary- Treasurer thereof.
ARTICLE w.
The capital stock of this corpora
ton is hereby fixed at the sum OF
FIVE THOUSAND, TWO HUNDRED
AND FIFTY DOLLARS S5,z50.0O
represented by one hundred ard fifty
shares Of the rar value Of III -
five Dollars (35.00) each, but it i:
understood ti,ay the cofEUTaU.oh sad
be authorized to commence bushes
as soon as one hundred sha~es =
stock is subscribed and paid for. i
is understood further that this co.
poration is to pur, hase and take ovel
the stock of the Bynn Yam Compan!
and that stock of same is to be &C
copied at par in exchange for stool
Of this corporation, the Directors O.
this company having inventoried th'
stock and merchandise of said Bynl
, Yam Company and having declare,
the stock thereof to be worth par
the exchange of stock certificates &
be made in such manner as may b
deemed best by the Directors of thi
: corporation.
Stock of this corporation may h
: issued at par in payment or eXchanC
. for labor done, or for money or pre-
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 shsl
any certificate for less than one u
share of stock be issued or, trans
7 ferred.
Any stakeholder may sell, assign
or transfer his stock in this corpora
%tion, provided thirty 800 dav's pric
notice of such intention to sell, asst.
or transfer the same to be given III
company. and the other stockh 1lier
, thereof shall have the first pr;viler
of purchasing same; after thirty $50
days notice the said stock may =
sold in open market.
This corpora ton shall recogniz
. the exclusive right Of q person regi
tered on its books as the owner 0
shares of stock to receive dividend;
and to vote as such owner, and shaI
hold liable for calls and assessment
all persons registered on its books a
the 'owner of shares.
ARTICLE V.
The Board of Directors of this CO.
poration shall be composed of fv
90 stockholders thereof, who, excen
those named herein to compose tn
first board, or elected by the board t
fill vacancies therein, shall be electe
|, by the stockholders on the first Mon
day of January in each calendar yea
and shall hold and exercise the dutie
, of their office until their successor
have been duly elected and qualifie ed
All meetings of stockholders o
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
be held outside Of the State, or with
in the State elsewhere than at it
domicile.
At all meetings of the board eacI
director shall have one vote; an
three (3) directors present, in perso,