The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1921-02-05
HARTER
PEOPLES GROCERY COMPANY,
INCORPORATED

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. T.
Ward, j. H. Collins, G. H. Ogbourne,
E. and F. Belts, Jas. r. Linton,
Florence Pierson, DR.. F. E. Helton,
James A. Moberly, W. H. Carroll, E.
P. Jones, Chas W. Sigic, 7. B. Lucas,
Mrs. L. NJ. Spencer, Mrs. Geo. Spen-
Ger, ]. C. Belts, w. G. Mcintosh and
NJ. T. Young, all residents of Madison
Parish, Louisiana, and having their
post Office address at Tallulah, Lou
isiana, all of lawful age, who declared
that awaiting themselves of the laws
of the State of Louisiana, they have
covenanted and bound themselves,
and do by these presents covenant,
agree and bind themselves, as well
as such other persons as may here
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 stipu-
lations, conditions and articles follow
ing:
ARTICLE 1.
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
(50) 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 its business as
may be necessary and proper.
ARTICLE II.
The objects and purposes for which
|
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
scl3 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 domiche of this corporation
shall be in the Village of Tallulah.
Madison Parish, State Of Louisiana,
and citation end other legal process
shall be served upon the President.
and in his absence upon the Secre.
tary-Treasurer thereof. -
ARTICLE Nv.
The capital stock of this corpora
ton is hereby fixed at the sum OF
FIVE THOUSAND, TWO HUNDRED
AND FIFTY DOLLARS ($5,250.O0l
represented by one hundred aad fifty
shares of the par value of Thirty
five Dollars (35.00) each, but it is
understood that the corporation shall
be authorized to commence bushes.
as soon as one hundred shares OF
stock is subscribed and paid for. l,
is understood further that this cor.
poration is to purchase and take owe.
the stock of the Bynn Yam Company
and that stock of same is to be &C
cepted at par in exchange for stool
OF this corporation, the Directors OF
this company having inventoried the
stock and merchandise of said Bynr
Yam Company and having declared
the stock thereof to be worth par
the exchange of stock certificates te
be made in such manner as may b.
deemed best by the Directors of thi.
corporation.
Stock of this corporation may BIZ
issued at par in payment or exchange
for labor done, or for money or pro
perty actually received by the cor
poration.
| No, certificate of stock shall bt
issued until the stock conveyed there
by has been fully paid for, nor shall
any certificate for less than one III
share Of stock be issued or trans
ferred.
Any stakeholder may sell, assign
or transfer his stock in this corpora
ton, provided thirty 800 days prio,
notice of such intention to sell, assign
or transfer the same to be given the
company, and the other stockholder:
thereof shall have the first privilege
OF purchasing same; after thirty (30)
days notice the said stock NAV be
sold in open market.
This corporation shall recognize
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 shall
hold liable for calls and assessment,
an persons registered on its books a.
the owner of shares.
ARTICLE v.
The Board of Directors of this cor
poratlon shall be composed of fiy,
l5) stockholders thereof, who. excep.
those named herein to compose tbs
hrst board, or elected by the board t.
NIL 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 qualified
All meetings Of stockholders o,
directors must be held at the domicile
OF said corporation; provided thai
with the written consent of all dir.
ectors valid meetings Of directors NAV
De held outside of the State, or with.
IN the State elsewhere than at IFS