Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1902-07-11

tara, aforesaid, duly commissioned an
Qualified, and in the presence o. tne ".tnesse
aiIv came and appeared the several persons
whose names are hereunto subscribed, an
who seyerally declared, that, avaii1ng them
selves Of the laws and Constltu'ioh ot IN
state of Louisiana, in such cases made AM
proyided they contract and agree, and b.
these presents bind themselves, as well
such other persons as may hereafter becom
associated with them 10 I0rni anu ~. ~
e6h1ects and purposes and under tne aSree
ments and stipuiations following, to-wit;
ARTICLEI.
The name and title of this corporation shaI
be fsSt. Joseph BUILDING AND1MPROVE
MENT CONPANYs'' and by said name salt
shall be known, and snan nav
succession and corporate existence for -anC
during the full period and term OF ninety mint
years from the date of this act unless soone
dissolved, and by said name may contract
said corporation shall have power TO max,
and use a corporate seal, and the same Il
alter at pleasure; also to hold, lease, pnr
chase, sell, exchange, transfer ana convey
cate, under its corporate name, real, person
al and mixed property, also to borrow money
and give security therefor also to'make con
tracts and to receive grants and donations. o
property, real, personal and mixed, ALSO z
name and appoint such managers, directors
and officers as its interest and convenience
may require, also TO make and establish such
-byslaws and rulas for the proper management
and tor the regulation of the affairs OF said
corporation as may be necessaryand proper
also to possess and exercise all other powers
and privileges which corporations OF similar
character are or may be authorized to pos
sess and exercise under the laws and Constf
tuition of the State of Louisiana.
ARCTICLE II.
The place chosen for the domicile Of thl:
corporation w declared 10 be village of st
Joseph, in the PRrbsh of Tensas, State Of
Louisiana.
The purposes for which this corporation. has
been organized are as follows, t0-wit:
To engage in, conduct and carry on a real
estate and building business in the Parish 81
Pens2S, State Of Louisiana; and TO this end
and for this purpose, to obtain, possess, re-
donation, lease, and exchange, property,
real, personal and mixed. To build houses,
TO repair and improve houses and to have the
same builded, repaired and improved. To
hold, use, maintain and~repair said property
real, personal and mixed, and the same TO
sell, exchange, part with, aleniate and con-
vey, also 20 lease, rent, mortgage, pledge
and hypothecate.
on its own credit, for the purpose
of constructing, maintaining and operating
the business herein provided for, and as ev1-
dence 81 such indebtedness of said corpora
ton for such loans or for the purchase, lease
or construction of such property, to issue its
corporate bonds or promissory notes, bearing
interest at such rates per annum as the said
corporation may elect, payable at 's1ch time
ana places as may be agreed aupon, and for
the security of such bonds or notes, and the
interest thereon, to mortgage and pledge its
property, its capital stock, its corporate
franchises, and any or all Of its property real
personal and mixed.
All citations shall be served upon the Presi-
1ent, - IN his absence, upon the Vice Pres
luent or the Secretary and Treasurer OF said
corporation, 'or upon any such other lptsSSon
As may be determined by said corporation.
ARTICLE ".
SECTION ONE. The amount of the capital
stock OF said corporation shall be Twenty
Five Thousand Dollars, divided into Two
Hundred and Fifty shares of the par value OF
One Hundred Dollars each. This charter shall
become operative and this said corporation
shall commence business as soon as Five
rh0oSand Dollars OF its capital stock shall
ave been subscribed.
SECTION TWO. The time and manner OF
' t. sanscriptlons for stock of this corpor-
.tion shall be fixed and determined by tho
3oard OF Directors, except that no stock shall
'e ISSUED unless II be for money or property
equally received or for labor reformed
SECTION THREE. In case of failure on
he part of any subscriber to pay the whole or
ny portion OF his subscription at the time or
the manner prescribed by the Board of nj
ectors, then and in that event the share or
nd all payments therefor made thereon
nay, at their option, be forfeited to the cor,
'oratlon by the Board Of Directors after s,sr--
ice OF written notice on the delinquent sub
mnD'n+ d anu failure on his pari 10 pay the
SECTION FOUR. No stakeholder Of said
orporacon shall ever be liable or held re-
PonIslDle LOT It's contracts or faults in any
ltrtner sum tnan the unpaid balance of the
mares OF stock owned by him: nor shall in
ornahty In the organization hereof have the
meet OF rendering this charter null or expos-
- stock holder TO any liability beyond the
y him.
ARTICLE V.
The corporate powers of this cornoration
nail De vested in Board of Directors com
osed a OF seven members hereof. The first
Odrd OF DlreTtors shall consist of and no
opposed and constituted as follows. Pohart
Iorreil, Il. ID. Newell, VIM. M Davidson
Os. .. Rodriguez, b. F. Young Josenh Chr,
J and Abner K. Green. p- NNi
The Directors herein M med shall hoid IN.
ntii the list day of July, A. ID. I9o9' on Mn tbe
y day OF July, A. d. 1909, and annuaIlv there
tier on the LIST day of July Of each wear ,
s s.ved meeting OF the stock holders OF said
,iected from the stockholders. a Roard ~
lrectors to serve during the ensninC ye.r
otce OF said meeting shall be piy a. nv nh. |.
Sasio On IN 2. newspaper Jublshed in tie viz
ouisiana, for fully ten DAYS nrior tharoto
Al all elections the vote OF a n1aiority ~ the /
oek present and represented SHAH he r Goes
= az, ~ eiec., ana the majority Of the out
ahdlng STOCK OF the corporation sholI he /
ecessary TO constitute Quorum at any ancb
ecuon, and each stockholder shalI Sa 81
Iieo 70 cast, either in person or by nroxV
~ W., lor eacn snare OF stock held BY him,
" not 20 vote on any share of stock rrans, |
Tred within ten days prior to an eIactio-,
u directors shall contiI ne in Office untii thai
,eeesso 9T are elected and indicted into
,r,b, - ne uirectQIs snail elect one of their
lotner TO be Vice President, and NAV aiact |
ON among themselves or annoiay Se.eSs
nong oIner members of said COMPANY who
.er 81 ssid carr, one person to be Tres
screI airy, or one person to al both nos tio,S'
ia Beard OF Director NAV also anno;,t -, /
sistant Treasurer and an assistant Secr a |
~ e %ae person 20 MI both positions, and
Us corporation. Hoiuer OF |
SAID Board may also appoint such otber |
ry. 1t shall have the power ~ All d hSc 's
,neles occurring in its own body 70 nsSa
necessary bylaws, rules and ra,s,,,1a.;-~
Z IN, me government Of the business and afisirs
the sald corporation, and 10 cba1s-a ~ . I
me AT pleasure, as 1t may determines
ARTICLE vi.
This corporation NAV be dissoIvod ~.
sent OF three fourths OF the amorr, =, th
..sesnalng capital stock at general meet
3 convened for such purpose altar thi-t,-
lys notice shall have been given az suck |
eetlng Dy advertising the same in n new |
per published in the Village of st. Jose5b
sassd =, -. ane capital stock may be in,
eAseo in the manner and form provided hv |
Q general laws OF the State of Louisiana for |
,n increase OF capital stock of such corpora.
The capital Of this corporation nav h. a.
easee IA tne manner and form provided in |
ch cases by the general laws Of the state
ARTICLE VII.
Whenever this corporation shan d;sso,ve
me, hss oy limitation or otherwise, or for any
debts paid, and liabilities disehargado al /
e balance OF its funds, If any, divided nro
"a among the stock holders, under re R IN
rinsenee and charge OF three Commission |
80 ~ Llquldatlon, 70 be Appointed FOR this |