The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1921-02-19
CHARTER
PEOPLES GROCERY COMPANI'
INCORPORATED

L L
pE 1T KNOWN. That on this 29th
day of January, 1921, before me- sme
undersigned authority, duly con
sionA and qualified according 70 Jaw,
and in the presence OF tne "ItnesJ
hereinafter named and undersiSnepp'
personally came and appeared M. T.
Ward, j. H. Collins, u. ii. ogGCutne
E. and F. Belts, Jas: Il. Lin.on'
Florence Pierson, Or: r. =. heitoR'
James A. Moberly, W; ID; aaron, z
P. Jones, Chas w. Sigie, L; b. Lucas lucas
Mrs. L. NJ. Spencer, Mrs: Geo. open
Ger, ]. C. Belts, w. u. Mcintosn anu
M. T. Young. all residents OF Madison
Parish, Louisiana, and having Iheli
post office address at Taiiuiah, Lou,
isiana, all of lawful age, VINO deciareu
that availing themselves OF tne law.
of the State of Louisiana, they naV'
covenanted 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 thenn'
to form and constitute eorporaIloi
and body polite in law, for the pur'
, pose and objects, and under the sIipu
: iations, conditions and articles foiio"
ing: ,,
The name and style of the cor
: marathon hereby formed shall ht
PEOPLES GROCERY COMPANY
INC. and under such name said cor
noration shall have power to have anc
g enioy succession for the term OF NIT.
(5OJ wears from the date hereof, to
she and be sued; to make and use I;
n corporate seal, and the same to breat
and alter at pleasure; to acquire
hold. lease, exchange, convey, ano
ALLEVIATE, as we'll as to mortgage
i pawn. pledge, and in any manner
l, encumber property, real, personal OF
n mixed. corporal or incorporeal; u
g borrow money and grant securit!
therefor; to appoint such managers
agents, and officers, and to engagt
such employees as its business or con
t yenience may require, and to MAKE
,s and amend or abrogate at pleasure
n such bylaws, rules and regulation
:. for the conduct of its business a
II NAV be necessary and proper.
ARTICLE ii.
The objects and purposes for whlcl
n this corporation is established, an
" the nature of the business to b
,, carried on by it, are declared to be
To engage in and conduct genera
retail grocery business in the Vlilag
of Tallulah, Louisiana, and in furthe:
r ance thereof to handle grocerie:
>. grain, farm products, and such othe
goods and merchandise as are usual
sold in connection with the grocer
business; and in general to engae
in any business complimentary or II
re cidental to the grocery business.
n. ARTICLE Ill.
he The domicile of this corporate
he shall be in the Village of Tallula
il Madison Parish, State of Louisiana
ms and citation and other legal proce
NJ shall be served upon the Preslden
as and in his absence upon the Seer
20, tary-Treasurer thereof.
nit ARTICLE ~.
III The capital stock of this corpor
lin ton is hereby fixed at the sum r,
FIVE THOUSAND, TWO HUNDRE
de AND FIFTY DOLLARS $3.50 .Ol
GU represented by one hundred and nj
ng shares of the par value OF Thirt
of five Dollars (35.00) each, but 1t
rly understood that the corporation shi
et, be authorized to commence buslne
to as soon as one hundred shares
The stock is subscribed and paid for.
ice is understood further that this CT
to poration is to purchase and take py
ion the stock of the Bynn Yam Compa
tits and that stock of same is to be
of cepted at par in exchange for ste
let. of this corporation, the Directors
ed, this company having inventoried
for stock and merchandise of said By
the Yam Company and having deciar
uct the stock thereof to be worth o
on the exchange of stock certificates
lid be made in such manner As may
deemed best by the Directors of t
led, corporation.
on Stock of this corporation may
nits issued at par in payment or exchar
or for labor done, or for money or p
n perty actually received by the
set poration.
ere. No certificate of stock shall
uch issued until the stock conveyed the
nay by has been fully paid for, nor 81
ton any certificate for less than one
the share of stock be issued or ira
con- ferred.
Any stakeholder may sell, ASST
,yor or transfer his stock in this corpo
ton, provided thirty (30) days pl
notice of such intention to sell, ass
or transfer the same to be given
company, and the other stockhold
thereof shall have the first privil
that of purchasing same; after thirty G
Que days notice the said stock may
8 in sold in open market.
This corporation shall recogr
any the exclusive right of a person re
usly tered on its books as the owner
v to shares of stock to receive dividel
and to vote as such owner, and S
o>,c hold liable for calls and assessm:
oNo all persons registered on its book
the owner of shares.
ARTICLE v.
The Board of Directors of this
eM poration shall be composed of
80 stockholders thereof, who, ex'
those named herein to compose
first board, or elected by the boar
. fill vacancies therein, shall be ele,
by the stockholders on the first n
.,r day of January in each calendar J
,sni and shall hold and exercise the du
of their office until their success
have been duly elected and qualii
All meetings of stockholders
directors must be held at the dom
of said corporation; provided
with the written consent of all
ectors valid meetings of directors
GAM be held outside of the State, or "
in the State elsewhere than at
. domicile.
At all meetings of the board {