The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1921-02-17
CHARTER
Lyons Bros. Co., Inc.
State of Louisiana, Parish OF BEN

fore me. X. i. Williams Notary fuD'
liz in and for Bienville Parish, LOUIS
lana duly commissioned and sworn
personally came and appeared Y. NJ
LYONS, II. J. Oakley and G. M. Lyons,
who declared unto me, Notary, that
syailing themselves Of the provisions
Of the Constitution and laws OF the
state Of Louisiana they have this Gay
formed and constituted themselves, as
we'll as such other persons as may
hereafter become associated with them
in q corporation under the name above
mentioned and have adopted and or
dained as their charter and act or IN
CORPORATION as follows, tO-wit:
ARTICLE l.
The name and title Of this corpora.
tion shall be "LYONS BROTHERS
COMPANY, INCORPORATED"
ARTICLE II. ,
The object of this corporation ana
the purpose for which it is orgahlze'
and the nature Of the business to De
carried on by it are hereby declare'
to no q GENERAL RETAIL MEX
CAMILLE BUSINESS" and to buy and
sell and keep for sale, all kinds OF mef
chandise, hardware, furniture, vehlcies
and other machinery and merchandls'
az NAV be deemed proper by the cor
poration. and for this purpose TO &c
muire property. and to contract 1oi
purchase or otherwise acquire such
bindings machinery and merchandise
and to sell same as may be deemeo
necessary or proper for the conduct 0
its business.
ARTICLE III.
TIE capital stock of this corpora
tion shall be twenty-five THOUSAND
Dollars. ($250OO.00), divided into ant
represented by Two Hundred and fltt!
(25O) shares of the par value OF ono
Hundred Dollars, 100000 per share
and shall commence business when az
of said capital stock is subscribed ahc
maid for. his corporation shall nave
the authority to increase its capital
stock on complying with the law Il
An amount not to exceed Fifty InOu'
sand Dollars, ($5O,OOO.W.
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 DC
made on it in accordance with law.
ARTICLE V.
This corporation shall carry on IT.
business under it's corporate name fo'
period of fifty (5O) years, unless
sooner dissolved. 1t shall have tn
power to make and use a corporate
seal and to change or alter same
will. 1t shall have the power to SUI
and be sued and to do and perform
all acts necessary to carry on the DUST
ness as above mentioned.
ARTICLE vi.
The affairs of this corporation shall
be managed by and be under the con
troll of a board Of not less than three
90 directors, which shall be elected b!
and from among the stockholders a
the annual meeting Of said stockhold
ers, which shall be held on the Thirt
Monday Of January Of each year, be
ginning with the year 1922. The fol
lowing stockholders shall compose tn
first Board of Directors: Y. NJ. Lyons
and T. ]. Oakley, both Of Arcadia
Louisiana ane G. M. Lyons, OF Homer
Louisiana, who shall hold Office unit
their successors are elected. y
ARTICLE VII.
The officers Of this corporation shal
he president, a vice-president, a sec
rotary and a treasurer; the secretar
may also be treasurer. They shall b
elected annually, beginning with tn
year, 1922 by the Board Of Director
on the same day the Board OF Diret
tors are elected.
ARTICLE VIII.
The first officers Of this corporation
shall be Y. NJ. Lyons, president : I.
Oakley, secretary and treasurer an
G. NJ. Lyons, vice-president, whose posi-
Office addresses are given above an
who shall hold said Offices until thei
successors are elected, according to la'
and as provided herein.
ARTICLE TX.
All vacancies Of offices Of this CO..
poration shall be filed by the Boar
Of Directors at meeting called fO
that purpose.
ARTICLE x.
No informality in the formation {
this corporation shall have the effet
Of annulling this charter, nor shall an
stakeholder ever be held liable for an
obligation or fault Of the corporation
{. ARTICLE XII,
All stock certificates shall be signe
by the President and Secretary O
vice-President and Secretary. n
stock Of this corporation shall be sol
to a third person until after SAN
has been offered to the corporation {
stakeholder therein and refused 8
the same price offered by such thir
person. All transfers Of stock shall
made on the book Of a corporation onl
on surrender Of the certificate or ce
tifcates to be transferred and no Othe
transfer shall be binding on the CO.
p0ration.
ARTICLE XII. q,
In the event Of dissolution Of th
corporation either by liquidation {
otherwise, Its affairs shall be liquida
ed by liquidator selected by Ii
stockholders at general stakeholder
meeting legally called for that purpos
who shall give bond In the sum
one.half III Of the appraised valu
Of the property Of the corporation, Il
the faithful performance Of his dut
as such liQuidator.
ARTICLE XIII. y %
Meetings Of the stockholders and
the Board Of Directors may be bel
at the office Of the corporation as ofte
as the needs Of the business may r
quire, provided that written mott,
shall be mailed to each stakeholder
his last known nnsfof11no odAroco 9