The Natchitoches enterprise., 1921-01-20
CHARTER

- SOlDLHlSSiCllcOp NOdIlIlCN dItO dCtluS III
, tary public. IN and tor the aboV- sci:
:. ten State and Parish, Ih!s ,...Y peI
:: sonaiIy came ana Appeared
/ Joe Jolley, resident of Paris, j
Natchitoches, ?. o., lowha;at',
; A. G, Marlborough, resident of Pow
, hatan, Natchitcches, La.
E. G. Tanner, resident of Pow
! hatan. Natchitoches, La.
Clyde L. Gayle, a resident of Pow
hatan, Natchitoches, La.
W. E. Moreland, a resident of Pow
hatan, Natchitoches, La.
All of whom declared to me Notary
That availing themselves of the law
of Louisiana, they desired to form
Corporation under the said laws o
Louisiana, and they now appear for tn
purpose of adopting the following ga
the Charter for the said Corporation
The name of the Corporation shall b.
POWatan Mercantile Co., Inc. and tn,
said Corporation shall be domiciled a
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 as the sale
Corporation may see fit, and to owr
and buy and sell property both real anC
personal; to conduct such farming and
planting business as they may see fit in
connection with their business, III the
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 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 cap;tal
| stock shall be represented by shares of
stock of One Hundred Dollars par value
each.
Art. w
The Corporation, created by the
adoption Of this Charter shall exist for
a 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 shall
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
office OF Secretary and Treasurer NAV
be filled by the same person, and these
shall hold until the first of January
1922, at which time their successors
shall be elected, or Eltil their success
sors are elected and inducted into Of
fee.
Art. vi
There being on hand, in the store
house formerly occupied by Marlborough
Company Inc. at Powatar, the remnant
of stock of goods, which remnant of
stock of goods is the property of Joe
Jolley and Clyde l.. Gayle, and which
it is agreed shall become the property
of this Corporation, and for which
stock shall be issued and delivered to
the said parties, the present owners of
the said stock of goods. /
The stock of goods referred to in the
above article of this Charter having
been duly appraised by E. c. Tanner
and Joe Jolley, both good and compe-
tent appraisers appointed for that
purpose, and were by the said ap-
oraisers, so made after having been
July sworn were so appraised at the
)rice and sum of seven hundred eighty
;hree and fifty hundredths dollars and
which appraisemcnt is made part of
his charter by reference being duly
'ecorded in the recorders Office of the
Parish of Natchitoches, and to which
xtent stock of the Company shall be
ssued and delivered to the said parties,
he owners of the said stock of goods.
o taken over by this Corporation. I,
Art. VIII
This Corporation shall haye success
ION by its Corporate name for the
erm Of fifty years as above named.
10 sue and be sued by its Corporate .
anne in any Court of Competent Juris-
iction. {
To make and use seal and to alter
he same at Will.
10 acquire property by grant, gift,
urchase. and to devise or bequest to =
'ase, hold and dispose of, and to mort e
age and to pledge the same, all sub. 4
.ct to such limitations as may be pro-
ded by law. t
To appoint such officers or agents as
le business OF the Corporation NAV ]
'quIre and to fix their Compensation.
10 make al such by laws as may be
,emed necessary for the conduct of
|e business of the Corporation.
To wind up and dissolve the Corpora
On as herein after provided.
Art. TX
All stock of this Corporation sub.
ribed for shall be paid, one half of T.
e same at the time of subscribing -
r the same, and the balance in sixty m
VS. from the date of subscription, or p'
called for by the Board of Directors m m
1ich board shall have the right to "
II for the balance not paid at the 81
ne of subscription in such manner as %
e said Board shall see fit within the. on
DIVISIONS Of the law. TO
Art. X
There shall be a stock holders meet
held annually on the second Mon ia
! in January of each year, unless ra
lerwise directed by the Board of =
rectors. One stock holder shall have ~ -.
right by written request to demand ~. ~,
It there be held the annual meeting nr ny
the stock holders herein provided Il
. and on such request being fled a. a.
h the Secretary, it shall be the dutv u"