The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1921-02-12
CHARTER
PEOPLES GROCERY COMPANY,
INCORPORATED

BE 1T KNOWN, That on this 29th
lay Of January, 1921, before me, the
authority, duly commls-
,ioned and qualified according to law,
md in the presence Of the witnesses
named and undersigned,
came and appeared M. r.
Ward. ], H. Collins, G. H. Ogbourne,
s. and F. Belts, Jas. r. Linton,
Florence Person, Dr.: +. z. Heiton'
james A. Moberly. W; H; Carroll, T.
P. Jones, Chas W. Style, I: b. Lucas
Mrs. L. M. Spencer, Mrs: Geo. Spen,
Ger, J. C. Belts, w. G. Mcintosh and
M. 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 availing 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 al may mere
after become associated with them,
to form and constitute corporation
and body polite in law, Tor the pur-
pose and objects, and under the stipu-
iations. conditions and articles follow
ing: -
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
(5O) 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, az well as to mortgage,
pawn, pledge, and in any manner
cucumber property, real, personal or
mixed, corporal 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 az
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 genera
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
sold in connection with the grocery
business; and in general to engags
in any business complimentary or In
cidental to the grocery business. -
ARTICLE III.
The domicile of this corporation
shall be in the Village Of Tallulah
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 o
FIVE THOUSAND, TWO HUNDRED
AND FIFTY DOLLARS ($5,250.00
represented by one hundred and fift
shares Of the par value of Thirty
five Dollars $4,000 each, but it
understood that the corporation sha
be authorized to commence bushes
rs soon as one hundred shares q
stock Is subscribed and paid for.
Is understood further that this col
poration Is to purchase and take owe
the stock Of the Bynn Yam Compan
and that stock Of same is to be q,
: cepted at par in exchange for stoc
Of this corporation, the Directors q
. this company having inventoried Ii
, stock and merchandise Of said Byn
Yam Company and having declare
the stock thereof to be worth pa
} the exchange Of stock certificates
be made in such manner as may /
deemed best by the Directors Of tn
corporation.
: Stock Of this corporation may I
t issued at par in payment or exchans
for labor done, or for money or pr
perty actually received by the CO
poration.
No certificate Of stock shall
{ issued until the stock conveyed Their
by has been fully paid for, nor shs
any certificate for less than one q
share Of stock be issued or tran
> ferred.
Any stakeholder may sell, assig
, or transfer his stock in this corpor
,, ton, provided thirty (30) days pr,
! notice Of such intention to sell, assis
. or transfer the same to be given Il
!. company. and the other stockholde
thereof shall have the first privilet
Of purchasing same; after thirty (3(
days notice the said stock may
{ sold in open market.
This corporation shall recogni,
n the exclusive right Of q person regi
tered on its books as the owner
shares Of stock to receive dividend
and to vote as such owner, and shs
!. hold liable for calls and assessment
all persons registered on its books
the owner Of shares.
ARTICLE v.
t The Board Of Directors of this CO
= poration shall be composed Of fl
y 90 stockholders thereof, who, exec
" those named herein to compose L
y first board, or elected by the board
y fill vacancies therein, shall be elect
o by the stockholders on the first Mo
day Of January in each calendar We
=, and shall hold and exercise the duti
. Of their office until their successo
have been duly elected and qualifie
All meetings of stockholders
directors must be held at the donnie
\ Of said corporation; provided tn
. with the written consent of all d
, ectors valid meetings Of directors m
be held outside Of the State, or wit
: in the State elsewhere than at
domicile.