The Natchitoches enterprise., 1921-02-03
CHARTER

| OIdLc VI LOulSldHd,
Parish of Natchitoches.
Be fore me Albert f. Ewing, a dull,
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, 2. O., Powhatan,
A. q. Marlborough, a resident of Pow.
hatan, NatchitC ches, La.
E. G.. Tanner, a resident of Pow.
hatan. Natchitoches, La
Clyde L. Gayle, a resident of Pc "
hatan, Natchitoches, La.
w. E. MoreIand, 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 q
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.
The name cf the Corporation shall be
Powatan Mercantile Co., Inc. and the
said Corporation shall be domiciled at
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 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
connection with their business, in 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 Can
ltal 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 canital
stock shall be represented by shares of
stock OF One Hundred Dollars par value
each.
Art. ~
The Corporation. created bv the
adoption Of this Charter shall exist for
a period of Fifty years, unless sooner
dissolved by action of the stock holders
or 0ther parties acting under the law.
Inc affairs OF this Corporation shall |
be administered by a Board of Direc-
tors, composed OF five stock holders.
and the said Board of Directors shall
nave power to appoint the officers for
Lhe hrst year and which officers shall /
consist of President, Vice President.
secretary ana Treasurer, and the latter
'ftlce Of Secretary and Treasurer NAV
De hlled 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 Yarborouph
Company Inc. at Powatar, the Remand
f stock of goods, which remnant of
tock OF goods IS the property of Joe
oiley and Clyde l.. Gayle, and which
Is agreed shall become the property
I this Corporation, and for which
tock shall be issued and delivered to
ne said parties, the present owners of
ne said stock Of goods.
The stock of goods referred to in che
Dove article Of this Charter having
cen duly appraised by E. c. Tanner
nd Joe Jolley, both good and compe- ,
mt appraisers appointed for that
lrpose, and We're by the said an :
'aisers, SO made after having been
NY sworn We're SO appraised at the ,
ice and sum of seven hundred eiphtv- !
rec and fifty hundredths dollars and
nlch app1 alsemcnt is made part of \
rs charter by reference being duly
corded in the recorders Office of the
arlsh OF Natchitoches, and to which
tent stock of the Company shall be
sued and delivered to the said parties, 5
e owners Of the said stock of goods. P
taken over by this Corporation. O.
Art. VIII a
This Corporation shall haye success o.
m by Its Corporate name for the Z
rm OF nifty years as above named. W
10 sue and be sued by its Corporate r
me in any Court of Competent Juris- m
.tion. D,
10 make and use seal and to alter v.
? same at will. til
10 acquire property by grant, gift,
rchase. and to devise or bequest to OF
Sc, hold and dispose of, and to mort.
ge and to pledge the same, all sub.
t to such limitations as may be pro-
10 appoint such officers or agents as