Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1902-08-15

v.~rer Newell deputy Clerk OF the 10th Dis
fricf Court, and ex-omclo R9tsry fupnc 1
;ana aforesaid, duly commissioned an
asaalifed, and in the presence OF the witnesse
Serein after named and undersigned, person
aiiy came and appeared the several persons
~hase names are hereunto subscribed, am
Who severally declared, that svaiiing them
seiyes OF the laws and Constitution of tn
state OF Louisiana. IN s1cn nS Sase 49, MADE an.
these nresents bind themselves, as well a
snch ether persons as may hereafter becom
sssocla ted with them to FORM ana a constitut
st,iecfs and purposes and under the agree
ments and stipuiations following, to-wit:
ARTICLE I.
THE name and title OF this corporation shall
he s'st. JOSEPH BUILDING AND IMPROVE
MENT COMPANY" and by SAID name sait
succsssiUn and corporate existence for anC
during the full period and term of ninety Minis
/ wears from the date of this act, unless sooner
\ dissolved, and by said name may contract
Said CORPORATION shah have power to make
and use q corporate seal, and the same tC
chase, sell, exchange, transfer and convey
as well as to mortgage. pledge and hypothe-
cate, under its corporate name, real, person.
al and mixed property, also 70 borrow money
tracts and to receive grants and donations OF
property, real, personal and mixed, also IL
name and sppsint such managers, directors
"A and officers as its interest and convenience
may require, also to make and establish such
bylaws and rules for the proper management
and for the regulation of the sffairs OF said
also 10 possess and exercise oil other powers
and privileges which corporations of similar
character are or may be authorised to pos
sess and exercise under the laws and Consti-
tuition of the State OF Louisiana.
ARCTICLE III.
N -,.no .h1.on 3d. tha Aor,InSTo A.
corporation Is declared to be village of ST.
A Joseph, in the Parish Of Tensas. State OF
Louisiana.
ARTICLE III.
The purposes for which this corporation has
4 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-
I ceiye, 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 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 to lease, rent, mortgage, pledge
and hypOthecate.
To borrow money or to purchase or lease
property on its own credit, for the purpose
OF constructing, maintaining and operating
the business herein provided for, and as eyi.
dence of such indebtedness Of said corpora
ton for sach 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 such time
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-
dent, or In his absence, upon the Vice Pres
ldent or the Secretary and Treasurer of said
as may be determined by said corporation.
ARTICLE Nv.
SECTION ONE. The amount of the capitaI
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-
auon shall be fixed and determined by the |
he ot Drectors' except that no stock shall
actually received or for labor reformed.
SECTION THREE. In case OF failure ON /
sn me- part o. any subscriber TO pay the whole or
any portion OF his subscription at the time or
IN the manner prescribed BY the Board of d.
rectors, then and In that event the shara or
snares OF stock subscribed for by such person.
InRrRnn- Il
nay at their option, be forfeited to the cor,
Doratl0n by the Board of Directors after ser
nc OF written notice on the DELINQUENT suh
'c e and failure on his pari to pay the
SECTION FOUR. No stockholder q, ..,a
shall ever be liable or held ~
l,tha. .or us contracts or faults in anvil
~ ~. sum tnan the unpaid balance OF the
mares OF stock owned by him; nor shall in Il
ormai1ty In the organization hereof have IN
,s s 81 renoer,ng this charter null or expos
mount OF the stock Subscription subsrrib ,a
y him. 'uoScriDeo
ARTICLE v.
The corporate powers of this cornor.,ion
osad pc ~ sessea IN Board Of Directors COM
oard OF Directors shall consist of ara 10
ana constituted as follows: Robert
, - z. d. Newell, VIM. NJ. Davidson
! and Abner Co. q; +. Young, Joseph Cur,
me y, directors herein ramed sh; II hold oe,cc
I day pe Of n JuI 1ay OF july A. p. 1908 On the
ter on the ist ID day o ,SS and annually there
sneral meeting Of the stock holders ~ sa,d
,1Lporauon snail be held, and there sbaIi ~ he
Irectors it ~ the stockholders, a Board "a;
tIscsor s 70 serve during the ensuing wear
o.,Se OF said meeting shall be giye1 nv ,.rs,
sauo1 ~ a newspaper published in TIE VII |
5n,sians s'' ~, Joseph, Tersas perish, STA of
Al al elections the vote OF a maior,,x sf 10
w y, pre as and represented shall be reces.
= Az ~ eiect, and the majority OF the onf.
In con ~ Ine corporation shall be
g1c c and each stockhoIder sbaiI Y. ss vi
ieu 70 cast, either in person or hv D Oh
t NOT TO VOTE ofc1 snare OF stock held by him,
,r Ss within ten days prior h an oian..
suarectors shall continue In once nntS, III;
dee. The are elected and inducted into
mper TO be President OF ssid co vse VI tneii
~ 0sner 20 De Vice President, and mar .i an
, ~, sn n.ug themselves or apnoini SroT,
g not Direct nSmoers Of said company Who'll
CT =, SAID corporation and another ~ -
III Rosy,5a VI one person to I'LL both POSITIONS \
sistant treasures rsr' S5d may also appoint an
q or one person to al both nosisinnS ecre
al al Pe. Pc, or persons to be so annn,n Sn
3 cornoratio director or stock holder of
, ,cn.. board may also appoint spch o,h.-l A
~ ' OF employees as 1t nav deem neces.
ncie. s Snan nave the power to an Ali "
necessary byVIa IN us own body, to make
tine government Of the business eSS ia aroa
ne ne1 ., SAG corporation, and to chansa ths
as IL may determine.
ARTICLE vi.
,er rs 20 corporation may be dissolved NV th.
tstandine cer i;Vurtns OF the amount OF the
:, sonveneu for such purpose aSsas met mse.
~ ~ noice shall have been riy nser tnlr
per published ii IL tsa the same In news "
ased r. IN Inc capital stock NAV he In,
general ih ~ =, manner and form provided by
Increase of cs y, tne state OF Louisiana for
ms. " capital stock Of such CORPORA =
a as caP p a, Of this corporation NAV hs
h cases by TANNER tba and form provided in
'ne general laws OF the State
ARTICLE VII.
,er nv Iir, sn,s corporation shall ds.so,ve
er cSus limitation "a or otherwise. or sor Nv
debts paid and aSiiit ies as Be sauidatsd
. balance Of its funds, n a npsca6arged, and I
intenoss a me stock holders, under the p pn
Of Iieu dda tsiaar e q three COmmission
pose at a gene,si - De appointed for this
HAVING ii0aSe e after thirty DAYS nror oa
yspaper pnbiishesdiy ie by Publication In