The Caucasian. (Shreveport, La.) 1900-192?, 1901-01-30
CHARTER
Of the J. L. Means Machinery Com
panV, Limited.

Of the ]. L. Means Machinery Com
pany, Limited.
State Of Louisiana, Parish Of CaddO, per.
sonally came and appeared the parties,
whose names are hereunto subscribed, all
Of full age, who declared that. availing
themselves of the provisions of the laws of
this State, relative to corporations, and Is
pecially of Act 36 of 1888 of the General AS
sembly of Louisiana, they have cOvenanted
and agreed, and by these presents covenant
and agree and bind themselves, as we'll ~
such other persons rs may hereafter be
come associated with them, to form and
constitute corporation and body polite
In law, for the purposes and objects. and
under the stipulatiOns, articles and condi-
tons following, tO-wit:
ARTICLEI.
The name and title OF the said corpora
ton shall be the u. l.. MEANS MACHIN-
cry COMPANY, LIMITED" and its
domicile is hereby established in the city
OF Shreveport, State Of Louisiana; and
under its said corporate name, said corpO-
ration shall have power and authority to
contract, sue and lie sued; To make and use
corporate seal, and tb same to break and
alter at pleasure; to IOld, receive, have
purchase, improve, ALLEVIATE, convey, sell,
borrow, pledge, mortgage and byOthecate,
undet its said corporate name, property,
real, personal and mixed; to name and ap-
point such officers, directors, agents ard
and managers, or employees, as the inter
est or convenience of said corporation may
require; to make and establish bylaws,
rules and regulations for the proper man
agement and regulations for its affairs, as
may be deemed necessary and proper, and
the same to change and alter at pleasure;
n all nf he act nd al r
ed by law, or as shall or may be necessary
and proper to carry on the objects and pur-
poses of said corporation.
Said corporation unless sooner dissolved,
I'm accordance with it's charter, shall exist
and continue for the period of twenty five
Co years from and after the date hereof.
The president, or in his absence the vice
president o. secretary shall be the proper
person upon whom citation or other legal
process shall be served
ARTICLE II.
The objects and purposes for which this
corporation is organized, and the nature Of
the business to be carried on by it, are de
clared TO be the following tO-wit: To do
general machinery business, and to that
end purchase. sell and manufacture ma
chinery and boilers Of all and every de
scriptiOn.
ARTICLE III.
The capital stock of the said corporation
shall be Fifty Thousand (S5O, OG0) Dollars,
divided into and represented by Five Hun
dred shares (5OO) of the sum of One Hun
dred ($lOO) dollars each, which said stock
shall be paid for in cash at the time of sub
scriptiOn, or the same may be issued at not
less than par, in payment or exchange for
property or rights actually received
or purchased by said corporation, or
the same may be issued, full paid, for
money advanced, and for such other valua-
BILE consideration or services rs the board
of directors of said corporation may de-
termine, provided, that no stock shall be
issued until the consideration therefor has
been received by the said corporation.
Any stakeholder may sell, assign OF
transfer his stock in this corporation, pro.
vided thirty 500 days prior notice of such
intention to SELL assign or transfer the
same be given the company, and the other
thereof shall have the first
privilege of purchasing same, after which
thirty days notice the said stock may be
sold in open market
The stock of said corporation may, be
transferred under the above conditions.
provided such transfer thereof be made on
the books of said company, at its Office in
the city OF Shreveport, La, and on sur
render OF the certificate thereof No trans
fer of any fractional part OF the share shall
be made.
This corporation shall commence doing
business as soon as One Humid ed (SIO0l
shares Of the capital stock shall have been
subscribed for. The Board of Directors
shall have the right to- determine how
much stock shall DE issued.
ARTICLE w.
The corporate powers of this company
shall be vested in and exercised by "A board
Of three directors, consisting of the presi-
dent (who shall be the treasurer OF said
eorpOratiOn). vice-president and one stock
holder, two OF said board shall constitute
3 quorum for the transaction of business,
and their decision shall be valid corporate
acts.
The following persons shall constitute
The first Board of Directors: J. l.. Means,
president; X. ). Munger, vice-president: 5.
/. Munger, secretary.
No person shall be eligible as director. or
IN officer, who is not stakeholder of this
company. During the absence of the presi-
lent, the vice-president shall act and
preside
Said board shall continue in Office until
The second Tuesday in January 1902, on
which date and thereafter annually. "A
board of directors shall be elected on the
second Tuesday in January of each wear.
unless the same should be holiday. when
.he election shall be held ON the next legal
lay thereafter.
Notice of such election shall be given by |
It least ten days continuous publication |
preceding each election, in |
me OF the daily newspapers of this city,
md the board of directors shall appoint |
,ne or more stockholders to preside at
'uch election as commissioners.
In the event of the failure of anv COM
nissioners to attend, the president shall, |
~ appointment, fill the vacancy ANY
allure from any cause whatever, to elect /
directors the day named for that purpose /
hall not dissolve the corporation, but the /
directors then in Office, as well as the Off /
ers OF said company, shall hold over until /
heir successors are chosen. In such event /
he president shall cause another election
o be held within thirty days, and shall |
'ided.
At every election and meeting each stock
lolder shall be entitled to vote for EACH
hare OF stock registered in his name. and
nay vote by proxy.
The election of directors shall be by hal
OF, and the majority in amount of votes
asst, each share Of stock voted upon to ba
ounted for one vote, shall elect the person
r persons for whom they have been cast
After each election the Board of Directors
hall elect from their own number the of.
ers Of said company.
ARTICLE v.
The Board of Directors shall bava frlI
over to fill vacancies in their nnmhar
Aused by death, resignation or otherwise
-om among the stockholders Of the corpo.
alton
The said Board shall have full control of
he property of this company, and shall 40
onduct, manage and use the same as in |