Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1902-07-18
ACT OF INcoRPoRAT1oN
---OF THE .r,ox,v
go, JOSEPH BUILDING AND IMPROVE
0'' MFNT COMPANY"
STATE oFLOUIsIANA,
Parish OF Tensas.

and for the Parish of Tensas, state OF LOUIS,
lana, Aforesaid duly commissions ss vst al
herein after named and undersigned Person'
ally came and appeared the several persons,
whose names are hereunto subscribed, ano
who seyerally declared, that, awaiting them
selves OF the laws and Constitution of the
State Of Louisiana, In sucn cases maoe ah ~
provided, they contract and agree, an1 oy
these presents bind thenseives, IS wen ~
such other persons as may hereafter Decome
assocIa ted with them, to form and constitute
a Corporation and body polite In law, Tor the
objects and purposes and under the agree.
ments and stipuiations folioWinSs to-"ts
ARTICLE 1.
The name and title Of this corporation shall
be .,st. JOSEPH BUILDING AN MP iMR ns w
corporation shall be known, and snail nave
succession and corporate existence Tor ano
during the full period and term OF ninety Alne
years from the date Of this act, unless sooner
dissolved, and by said name may contract
said corpSratien shall have power TO make
and use q corporate seal, ana the same 70
alter at pleasure; also to hold, lease, pur-
chase, sell, exchange, transfer and convey,
as wen as to mortgage, pledge and nypotne-
cate, under its corporate name, rear, person-
al and mixed property, also 20 borrow mone s
tracts and to receive grants and donations OF
property, real, personal and mixed also &c
name and appoint sHch managers, directors
may require, also to make and establish such
bylaws and rules for theproper management
and for the regulation OF the affairs OF said
corporation as may be necessary and 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 ConSti
tuition Of the State OF Louisiana.
ARCTICLE II.
The place chosen for the domicile OF thi;
L l. AzxE - 11na -
corporation Is declared TO De vlIage OF 81
Joseph, In the Parish of Tensas, State o.
Louisiana.
The purposes for which this corporation Ia.
been organized are as follows, to-wit:
estate H and budi Gnq busipess IN ths Parish
Te1eas, State of Louisiana; and to this enc
ana Tor 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 builded, repaired and improved. tt
hold, use, maintain and repair said property
real, personal and mixed, and the same u
sell, exchange, part with, aleniate and con
vey, also to lease, rent, mortgage, pledg'
and hypothecate.
property on its 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
or construction Of such property, to issue it!
corporate bonds or promissory notes, bearing
interest at such rates per annum as the saiC
corporation may elect, payable at such TIM
and places as may be agreed upon, and 70
the security of such bonds or notes, and the
interest thereon, to mortgage and pledge IL
property, its capital stock, its corporal,
franchises, and any or all OF its property real
All citations shall be served upon the Presi
dent, or in his absence, upon the Vice Pres
ident or the Secretary and Treasurer of saiC
corporation, or upon any such other person
as may be determined by said corporation.
ARTICLE Nv.
SECTION ONE. The amount OF the capita
stock of said corporation shall be Twenty
five Thousand Dollars, divided into Two
Hundred and Fifty shares of the par value O
one Hundred Dollars each. This charter shall
become operative and this said corporation
shall commence business as soon as Fiy,
Thousand Dollars Of its capital stock shall
have been subscribed.
SECTION TWO. The time and manner O.
paying subscriptions for stock of this corpor
alton shall be fixed and determined by the
Board OF Directors, except that no stock shall
De issued unless It 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 OF
any portion OF his subscription at the time OF
IN the manner prescribed by the Board of Di
rectors then and in that event the share OF
shares OF stock subscribed for by such person
and all payments therefor made thereon
may &C their option, be forfeited to the cor.
poratlon by the Board of Directors after ser.
vice of written notice on the delinouent snb.
amount due. ~
SECTION FOUR. No stockhoIder of said
corporation shall ever be liable or held re-
sponsiDle for its contracts or faults In any
Iurtner sum than the unpaid balance OF the
snares OF stock owned by him; nor shall in.
tSrmaIsy IN Ine organization hereof have the
r9n0AFtnQ aho r@o
ing a STOCK holder to any liability beyond the
by him.
ARTICLE v.
The corporate powers Of this corporation
shall be vested In Board of Directors com
posed OF seven members hereof, The first
Board OF Directors shall consist of ana he
composed ana constituted as follows: RobeFt
Morreib z. d. Newell, VIM. M, Davidson;
S ~ sn5 lb Ourguez, b: r. Young, Joseph Cur
The Directors herein named shall hold office
~, the ist day Of July, A. D. 1908 on the
after on the LIST day Of july of each v sa1i s
general meeting of the stock holders ~ said
corporation shall be held, and there shan he
selected from the stockholders, a Board OF
Notice Of said meeting shall be eivea byy n, rh
ncation IN newspaper published in the vii
lage OF st. Joseph, Tensas Darish- Sfsta =.
Loois sIs ior FULLY ten days prior thereto.
u "a
stock present and represented SHAH he neces-
sary 70 eject, and the majority Of the out
standing stock OF the corporation shall he
n ns.sy 20 constitute quorum at any such
election, and each stakeholder shall he an
titled to cast, either In person or nv DroTv
one vote for each share Of stock held Nv hin
put not to vote on any share Of stock trans,
All d;ractnr nn b zen Gays prior to an election
SUCCESSORS are elected and inductad int
once. The directors shall elect one Of theiI
number to be President of said company and
another to be Vice President. and NAV ,af Hnu
from among themselves or annoin{ 49, e.o..
among other members Of said coinpanv WIZ
are not Directors, one person To no rras
9rer OF SAID corporation and another to b,
secretary, or one person to FIJI both nositions
SBid Board OF Director may also a1no;nt =,
asslstaht treasurer and an assistant Secre
tary or one person to I'LL both positions" an,
sucn person or persons to be so appointee
need not be Director or stock holder ~
this corporation. A0iuor VI
Said Board may also appoint such otbe
ofncers or employees as it NAV deem, raSas
scia. IL shall nave the power to I'LL ali va
All necessary bylaws, rules and reeuIation,
IOr the government OF the business and affsir
OF the said corporation and to change m,
same az pressure as 1t may determine.
ARTICLE vi.
This corporation may be dissolved nv IN,
assent OF three fourths of the amount n ~
outstanding capital stock at a peneraI ,,a ~
ing convened for such purpose, after t hs
days notice shall have been given q, S s,,O,
meeting by advertising the same in n ns1Sa
paper published in the Village of St, Josenh
Louisiana. The capital stock NAV he IN
creased In the manner and form provided b,
the general laws of the State of Lonisiana o..
the increase Of capital stock Of such corner ~
tions. Noip ora
The capital OF this corporation NAV ba 40
creased IN the manner and form provided 1
such cases by the general laws Of the stat
ARTICLE VII.
Whenever this corporation shall dis.o,,,o
either by limitation or otherwise. or TO- y y
other cause Its affairs shall be liouidated
its debts paid, and liabilities discharSad : !.
the balance of its funds, II any, divf,ie1 -.
rata among the stock holders, under the s su