The Natchitoches enterprise., 1921-01-06
CHARTER.

1
! Be fore me Albert +. Ewing, a duly
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, a resident OF Parish OF
Natchitoches, P. O., Powhatan,
A. G. Marlborough, resident of Pow
hatan, Natchitoches, La.
E. G.. Tanner, resident of Pow
hatan. Natchitoches, La.
Clyde L. Gayle, resident of Pow
hatan, Natchitochcs, La.
w. E. Moreland, a 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
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 at
Powhatan in ,she Parish of Natchitoches.
State of hctisisna:
AFC. IL 1---r1YN
me purpose VI the Said Corporation
saall be for the purpose Of conducting
a general Mercantile business at Pow
hatan and such other points as 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 see fit, in
k4: L,,, IL
Parish Of Natchltoches.
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 t,le
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 capital
stock shall be represented by shares af
stock of One Hundred Dollars par value
each.
Art. w
The Corporation, created by tn e
adoption Of this Charter shall exist for
a period of Fifty years, unless sooner
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 shall
have power to appoint the officers for
the first year and which officers shall
consist Ut President, Vice President.
Secretary and Treasurer, and the latter
office OF Secretary and Treasurer NAV
De filed by the same person, and these
shall hold until the first of January
922, at which time their successors
hall be elected, or until their success
'ors are elected and inducted into Of
ice.
Art. vi
There being on hand, in the store
louse formerly occupied by Marlborough
company Inc. at Powatar, the remnant
f stock Of goods, which remnant of
took of goods is the property of Joe
olley and Clyde L. Gayle, and which
/ is agreed shall become the property
f this Corporation, and for which
took shall be issued and delivered to
he said stock of goods.
Art. VII I
The stock of goods refcred to in the
bove article Of this Charter having
cen duly appraised by E. c. Tanner
nd Joe Jolley, both good and compe-
mt appraisers appointed for that
irpose, and were by the said ap-
-aisers, so made after having been
lily sworn were so appraised at the
ice and sum of seven hundred eighty
rec and fifty hundredths dollars and
hich appraisemcnt is made part of s
is charter by reference being duly
corded in the recorders Office of the
irish OF Natchitoches, and to which
tent stock OF the Company shall be Z
sued and delivered to the said parties,
e owners of the said stock of goods.
taken over by this Corporation.
Art. VIII
This Corporation shall haye success
N by its Corporate name for the
rm of nifty years.as above named.
TO sue and be sued by its Corporate
me in any Court of Competent Juris-
:tion.
To make and use seal and to alter
e same at Will.
To acquire property by grant, gift, =
rchase, and to devise or bequest to
Sc, hold and dispose of, and to mort =
ge and to pledge the same, all sub s
t to such limitations as may be pro- &
ed by law. s.
70 appoint such officers or agents as s.
business OF the Cooperation may S