The Natchitoches enterprise., 1921-01-27
CHARTER. .

/ =
commissioned, qualified and acting no
tary public, IN and for the above writ
ten State and Parish. This day per
sonally came and appeared.
Joe Jolley, resident Of Parish Of
Natchitoches, P. O., Powhatan,
A. 6. Marlborough, resident OF Pow
hatan, Natchitoches, La.
E. G. Tanner, resident Of Pow.
hatan, Natchitoches, La.
Clyde L. Gayle, resident Of Pow
hatan, Natchitoches, La.
W. E. Moreland, resident Of Pow.
hatan, Natchitoches, La.
All Of whom declared to mo Notary.
That availing themselves of tho laws
OF Louisiana, they desired to form q
Corporation under the said laws Of
Louisiana, and they now appear for the
purpose of adopting the following gas
the Charter for the said Corporation.
Art. l
The name of the Corporation shall be
Powatan Mercantile Co., Inc. and the
said Corporation shall be domiciled 1t
Powhatan in the Parish Of Natchitoches.
State of Louisiana.
Art. II
The purpose of the said Corporation
shall be for the purpose Of conducting
a general Mercantile business at Pow.
hatan and such other points ~ the said
Corporation may see fit, and to own
and buy and sell property both real and
personal; to conduct such farming and
planting business as they may soc At, in
connection with their business, in the
Parish of Natchitoches.
Art. III
The amount Of the Capital Stock of
the said Corporation shall be the sum
OF ten thousand dollars authorized Cap
ital Stock, and of which sum the
amount of five Thousand dollars is de-
clared to haved been subscribed, and
OF this sum the amount Of twenty-five
hundred dollars is declared to have
been paid in cash at the time Of the
signing of this charter, The eapital
stock shall be represented by shares OF |
stock of One Hundred Dollars par vsl1s |
each.
The Corporation, created by the
adoption Of this Charter shall exist for
period of Fifty years. unless sooner
dissolved by action of the stock holders.
or other parties acting under the law.
The affairs of this Corporation shall
be administered by Board Of Direc-
tors, composed Of five stock holders.
and the said Board of Directors shallj
have power to appoint the officers for
the first year and which officers shall
consist of President, Vice President,
Secretary and Treasurer, and the latter
ohce OF Secretary and Treasurer sray1
be hlled by the same person, and these
snail hold until the first Of January
1872, at which time their succeesors
shall be elected, Or until their success
sors are elected and indpcted into Of.
fee.
Art. vi |,
There being on hand, in the store
house formerly occupied by Yarborouoh
Company Inc. at Powatan. the ramnant
Of a stock of goods, which remnant Of /.
stock of goods 10 the property of Joe
Jolley and Clyde L. Gayle. and which
it is agreed shall become the proneftv
IF this Corporation, and for xhich
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
Ibove article Of this Charter having =.
'een duly appraised by E. C. Tanner q
md Joe Jolley, both good and compe-
ent appraisers appointed for that !!
'urpose, and were by the said an J
raisers, 50 made after having been ?
uly sworn were SO appraised et the y
rice and sum of seven hundred eighty. !!
hree and fifty hundredths dollars and y
1hich appraisement is made part of 4
his charter, by reference being duly g!
ecorded in the recorders Office Of the Z
arish of Natchitoches, and to which q
xtent stock of the Company shall be
sued and delivered to the said parties. -
1e owners Of the said stock Of goods. o.
taken over by this Corporation. "a
Art. VII s.
This Corpefatio4 ebeN haye success. ~ ~
on by it's Corporsts RsM8 f0l the = "
rm Of fifty years as above named. "a
To sue and be sued by it, Corpor,te "a
'me in any Court Of Competent Juris- q q
ction. u
To make and use q seal and to alter ch
e same at will. by
TO acquire property by grant, gift, so
lrchase, and to devise or beouest To CO.
sse, hold and dispose of. and 20 mort Of
ge and to pledge the same, oil sub. %
z e. e =, s1ea LIMITATIONS = nay Be pro- s5
70 appoint such officer. o. agent. ..| th.
. business Of the Cofntaaf9 f96n msv1 II
1uire and to fix their Compencation. u
10 make oil such by laws o nav Be-
emeo necessary Tor the conduct Of
business Of the Corporation.
10 wind up and dissolve the Corpors-
q sa herein after provided.
Art. TX
III stock Of this Corporation sub.
ibed tor shall be paid, one half oil 8
same at the time Of subscribino -
the same, and the balance in eixfv ~
q from the date Of subscription. or mel
e9ljed for by the BOARD Of Oirectors pro-
lch board shall have the ri9ht to Mae
for the balance not raid at the We
e OF subscription in such manner "a otel
said Board shall zee At within tie seIe
visions Of the law. on !
a. y 10 j
here shall be . stock holders meet. "
held annually on the second Mon. farm
in January Of each year. unless r.i.,
,fwise directed by the Board Of !. :.
.ctors. One stock holder shall have
right BY written request to demand pst
there be held the annual meetino ws w9o
he stock holders hsrein provided v'
and on &nch reQuest he8n0 6led eeA1 eA1