The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1921-01-27
CHARTER
Lyns Bros. Co., Inc.

! on the 22nd Qav OF Jdliuaiy' a. ~
Nineteen Hundred and Twenty one, be-
fore me, R. L. Williams a Notary Pub
lie in and for Bienville Parish, Louis
lana, duly commissioned and sworn,
personally came and appeared Y. M.
! LYONS, T. J. Oakley and G. M. Lyons,
| who declared unto me, Notary, that
ayailing themselves Of the provisions
Of the Constitution and laws Of the
State of Louisiana they have this day
| formed and constituted themselves, as
| we'll as such other persons as may
hereafter become associated with them
| in A corporation under the name above
mentioned and have adopted and or
dained as their charter and act OF in
| corporation as follows to-wit:
ARTICLE1.
The name and title Of this corporal
tion shall be LYONS BROTHERS
COMPANY, INCORPORATED.'
ARTICLE IL.
| The object of this corporation and
the purpose for which it is organized
| and the nature of the business to be
| carried on by it are hereby declared
| TO he a GENERAL RETAIL MER-
CAMILLE BUSINESS" and to buy and
sell and keep for sale, all kinds OF mer
chandise, hardware, furniture, vehicles
| and other machinery and merchandise
| as may be deemed proper by the cor
! poration, and for this purpose tc &C
| ouire property and to contract Tor
| purchase or otherwise acquire such
buildings, machinery and merchandise
| and to sell same as may be deemed
necessary Or proper for the conduct o
its business.
ARTICLE III.
Tho capital stock Of this corpora
ton shall be twenty-five Thousand
Dollars, ($25OOO.0O), divided into AM
represented by Two Hundred and Fifty
(25O) shares of the par value Of One
Hundred Dollars, ($1OOOO) per share
| and shall commence business when all
| Of said capital stock is subscribed and
paid for. his corporations shall have
the authority to increase its capital
| stock on complying with the law t'
an amount not to exceed Fifty Thou
sand Dollars, ($50,000.00).
ARTICLE ".
The domicile Of this corporation
shall be in the town Of Arcadia, Bien'
vile Parish, Louisiana, at which place
all legal service or process shall be
made on it in accordance with law.
ARTICLE V.
This corporation shall carry On its
business under its corporate name Tor
la period Of fifty (5O) years, unless
sooner dissolved. 1t shall have the
power to make and use a corporate
seal and to change or alter same at
will. It shall have the power to sue
and be sued and to do and perform
all acts necessary to carry on the bust
mess as above mentioned.
ARTICLE vi.
The affairs Of this corporation shall
ne managed by and be- under the con
| troll of a board Of not less than three
| ~ directors, which shall be elected by
and from among the stockholders al
the annual meeting of said st0ckhold
ers, which shall be held on the Third
! Monday of January Of each year, be-
ginning with the year 1922. The fol
lowing stockholders shall compose the
first Board Of Directors: Y. N. Lyons
and r. ]. Oakley, both of Arcadia
Louisiana and c. NJ. Lyons, Of Homer
Louisiana, who shall hold office Until
their successors are elected
ARTICLE VII.
The officers Of this corporation shall
be a president, a vice-president, a sec.
rotary and a treasurer; the secretary
may also be treasurer. They shall he
elected annually, beginning with the
year. 1922 by the Board Of Directors
| OH the same day the Board OF Direc
tors are elected.
ARTICLE VIII.
! The first officers Of this corporation
shall be Y. NJ. Lyons, presidents. 7. j
Oakley. secretary and treasurer and
G. NJ. Lyons vice-president, whose post
office addresses are given above and
who shall hold said Offices until their
successors are elected, accordingto law
and as provided herein.
ARTICLE TX.
All vacancies Of Offices Of this cor
poration shall be filled by the Board
Of Directors at a meeting called fol-
that purpose.
ARTICLE X.
! No informally in the formation O.
this corporation shall have the effect
Of annulling this charter, nor shall any
stakeholder ever be held liable for any
obligation or fault Of the corporation.
ARTICLE XII.
All stock certificates shall be signed
by the President and Secretary or
VicePresident and Secretary. No
stock Of this corporation shall be sold
to a third person until after same
has been offered to the corporation o.
stockholder therein and refused a.
the same price offered by such third
person. All transfers of stock shall bt