The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1921-03-12
CHARTER
PEOPLES GROCERY COMPANY,
INCORPORATED


Parish Of Madison.
BE 1T KNOWN, That on this 18th
day Of January, 1921, before me, the
undersigned authority, duly commis-
sioned and qualified according to law,
and in the presence of the witnesses
hereinafter named and undersigned,
personally came and appeared NJ. r.
Ward, j H. ColkaS G.'H. Og6curne'
E. and F. <Bettb2 las. R. Linton,
Fioren(e Ptel5ApR 2. he,tor'
James ] MobsfE, vs. H: Carroll. =.
P. JonesA Ch4SE BiglS, T. B. Lucas,
Mrs. L. Sp4aceik is. Geo. Spen,,
Ger. j. C.XetsSz Mcintosh and
M Youn} r1& knts Of Madison
Parish. LodisiSb ID having their
most offcr1ddress a Tallulah, Lou.
isiana, h Of lawful al who declared
that az Hing themselyes Of the laws
Of the Of Louise, they have
coyenanted and bound themselves,
and do by these presents covenant,
agree and bind themselves, as well
"a such other persons as may mere
after become associated with them,
to form and constitute q corporation
and body polite in law, for the pur-
nose and objects, and under the stlpu-
iations. conditions and articles follow
ing: ..,,,,
The name and style Of the cor
poration hereby formed shall! De
PEOPLES GROCERY COMPANY,
INC, and under such name said cor,
poration shall have power to have ana
enjoy succession for the term OF NIFTY
(5Ol 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, as we'll 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 as
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 general
! retail grocery business in the Villakt
| Of Tallulsh, 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 grocer!
business; and in general to engag'
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 Perish, 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. !.
v ARTICLE Nv.
. The capital stock of this corpora
:. ton is hereby fixed at the sum o
q FIVE THOUSAND, TWO HUNDRED
AND FIFTY DOLLARS {f5,250.00
represented by one hundr<W and fit
shares Of the par value Of Thirty
five Dollars (35.00) each, but it j
q understood that the corporation shal
(. be authorized to commence bushes
a. soon az one hundred shares o
;. stock is subscribed and paid for.
:, is understood further that this col
:, poration is to purchase and take owe
II the stock of the Bynn Yam Compan
and that stock of same is to be az
cepted at par in exchange. for stoc
v of this corporation, the Directors @
!. this company having inventoried tn
;. stock and merchandise of said Byp
u Yam Company and having declare
the stock thereof to be worth pa
the exchange of stock certificates I
=, be made in such manner as may b
= deemed best W the Directors Of thi
is corporation.
le Stock Of this corporation may
issued at par in payment OF, exchang
for labor done, or for money or pro
perty actually received W the col
y poration. 3.sa
e issued until the stock. conveyed Their,
n by has been fully paid for, nor sha
>" any certificate for less than one Il
a share of stock be issued or tran,
ferred
nj Any stakeholder may sell, assign
d or transfer his stock in this corpors
ton provided thirty (30) days prize
: notice of such intention to sell, assig
or transfer the same to be given tn
company, and the other stockholdel
d thereof shall have the first pr5yileg
n Of purchasing same; after thirty go
days notice the said stock may
!. sold in open market. 80
This corporation shall reco4f3z
the exclusive right of a person regi
tered on its books as the owner {
shares Of stock to receive dividend
!, and TO vote as such owner, and sha
hold liable for calls and assessment
all persons registered on its books &
, the owner of shares.
= ARTICLE v.
+ The Board Of Directors of this CO
Il poration shall be composed of fiy
o 90 stockholders thereof, who, exec,
,. thoseR4amed herein to compose tn
first board, or elected by the board I
i fill vacancies therein, shall be electe
Ie by the stockholders on the first MOI
II day Of January in each calendar yes
u and shall hold and exercise the duti,
Of their office until their successor
y have been duly elected and qualifie,
q All meetings of stockholders {
4 directors must be held at the domici
: OF said corporation; provided tn,
g with the written consent Of all di
y ectOrs valid meetings Of directors ma
4. be held outside Of the State, or witt
n in the State olcovvh ora fhop ~ |;