Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1902-08-08

go $500 =" e.s ueputy Clerk OF the 10th Dis
and for the Parish Of Tensas state OF L0uis-
lana, aforesaid, duly Commissioned and
Iuaal.neu, ana IN the presence of the witnesses
ally came and appeared the several persons.
Mnose naLnes are nereuntO subscribed, and
VINO ,. severany declared, that, svailing them
SeNes Ot tns laws and Constitution of the
state OF louisiana, in such cases made and
provIoeo, they contract and agree, and by
snese presents bind themselves, as well as
associa ted with them to form and constit1te
corporation and body polite IN law for the
objects ana purposes and under the agree
"en's ano stpoiatlons following, to-wit:
ARTICLE 1.
The .I name and tide Of this corporation shall
a Ds - Ss' JOSkpH BUILDING AND IMPROVE
MENT COMPANY"f and BIZ said name said
corporation shall be known, and shall have
ssueeess ip and corporate existence for and
years from the, date Of this act, unless sooner
sue and be suod.
and use corporate seal, and the same to
alter at pleasure; also to hold, lease, pur-
chase SELL exchange, transfer and convey,
cate, under its corporae name name. real Sepsoe
al ana mixed property also to borrow money
and give security thertfor, also to make con-
tracts and 20 receive giants and donations OF
name and appoint sud- mana gers, directors
and officers as Ha interest and convenience
may require, also 70 make and establish such
bylaws and rulss,for the proper mana cement
and for the regulation Of the affairs OF said
corporation as may be necessary and proper,
also 10 possess and exercise all other powers
character are or may be- authorized to pos
sess and exercise under the laws and Consti-
tuition Of the State OF Louisiana.
ARCTICLE II.
The place chosen for the domicile of this
1 L
Joseph, in the Parish Of Tensas, State OF
Louisiana.
| ARTICLE III.
| The purposes for ghich this corporation has
been organized are as follows, to-wit:
| To engage in. conduct and carry on a real
estate and building business In the Parish Of
| Tensas, State of Louisiana; and to this end
and for this purpose to obtain, possess, re-
| ceive, and acquire by purchase, grant, gift
| donation, lease, and exchange, property
| real, personal and mixed To build houses
| To repair and IMPROVE houses and TO have the
same buiided, repxred 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-
| and hypothecate.
To borrow money or to purchase or lease
property on It's own credit, for the purpose
| of constructing, maintaining and operating
| the business herein provided for, and as evil
| dence of such Indebtedness of said CORPORA
/ ton for such loans or for the purchase, lease
| III
corporate bonds or lromissory notes, bearing
| interest at such rates per annum as the said
| corporation may elect, payable at such time
s ana plncSs as may ee agreed upon and Tor
| 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-
dent, or in his absence, upon the Vice Pres
ident or the Secretary and Treasurer of said
1 npn nj oh fhar o..r,
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
| Thousand Dollars Of its capital stock shall
SECTION TWO. The time and manner OF
paying subscriptions for stock of this corpor-
alton shall be fixed and determined by the
| Board of Directors, except that no stock shall
| be issued unless IL be for money or property
actually received or for labor reformed.
SECTION THREE. In case OF failure on
| the part of any subscriber to pay the whole or
any portion of his subscription at the time or
| In the manner prescribed by the Board of Di-
rectors, Nd IN SS5GkaRt AaEeuGE
nav nav ~ h 60 =, ~ " ~
p0ration by thezSS4dof Directors after ser
vice Of written notice ON the delinouent sub
scriber and failure ON his pari to pay the
SECTION FOUR. No stakeholder of said
corporation shall ever be liable or held re-
sponsible for its contracts or faults in any
shares of stock owned by him; nor shall in
formality In the organization hereof have the
effect of rendering this charter null or expos
ing stock holder to any liability beyond the
amount of the stock subscription subscribed
by him.
The corporate powers OF this corporation
shall be vested in a Board of Directors COM
posed of seven members hereof. The first
Board of Directors shall consist of and be
composed and constituted as follows: Robert
worrell, e. d. Newell, VIM. NJ. Davidson,
~ and Abner E. Green.
The Directors herein named shal hold Office
until the LIST day Of July, A. d. 1903. On the
LIST day of July, A. d 1909, and annually there
after on tho LIST day Of July of each year a
general meeting of the stock holders Of said
corporation shall be held, and there shall be
selected from the stockholders a Board of
Directors to serve during the ensuing year.
Notice of said meeting shall be Civ a BY Pub
LEGATION In newspaper published in the Viii
lage OF st. Joseph, Ter sas parish. STA of
Louisiana, for fully ten days prior thereto
At all elections thevo OF a majority of the
stock present and represented shall be neces-
sary to elect, and nc majority of the out
standing stock Of the corporation shall be
necessary to constitutea quorum Al any su n
election, and each stockholder shall be en-
titled TO cast, either 10 person or by proxy,
one vote for each share Of stock held by him
but not to vote on anyshare of stock trans
, ferTed within ten days prior to an election
All directors shall continue in office until theiI
successors are elected and indicted into
, office. The directors shall elect one of theil
number to be President of said company anC
another to be Vice President, and NAV cleo
, from among themselves or appoint from
, are not Directors, one person to be Tres
: urer of said corporation and another to b,
Secretary, or one person to I'LL both pos .tions
Sgid Board OF Director may also appoint al
assistant Treasurer aud an assistant Score
tary or one personto Oil both positions, an,
such person or persons to be so appointed
need not be Director or a stock holder o
Said board may also appoint such othe
officers or employees as it may deem neces
cancies occurring in its own bo ID M TO max
b all-neceSsary bylaws rules and regulation
\ for the government Of the business and affair
- of the said corporation, and to change tn
same at pleasure, as 4 may determine.
ARTICLE vi.
: assent of three foHttB Of the amount Of tn
8 outstanding capital sock at general meet
ing convened for such purpose, after thirt
mcos,ne nv sd+a-t Hase ~. peen Even Oh sue
y paper published in the Village of st. Joseph
. Louisiana. The capital stock may be In
n creased IN the manner and form provided b,
!, the general laws Of the State of Louisiana 70
!! the increase of capital stock Of such corpora
. The capital Of this corporation may be de
q creased IN the manner and form provided
: such cases by the general laws Of the Stat
l of Louisiana.
= ARTICLE VII.
Whenever this corporation shall dissolve
either by Limitation or otherwise, or for an
other cause, its aifairs shall be liquidatec
its debts paid, and liabilities discharged, an
the balance Of its iunds, II any, divided pr
lnarintQrlce and ohas.ura of thraa Counu,f aaf