The Caucasian. (Shreveport, La.) 1900-192?, 1903-05-20
CHARTER
OF THE w. H. HEARNE COMPANY,
LIMITED.


Notary Public in and for the parish OF
Caddo and State of Louisiana, duly COM
missioned and qualified, and in presence
of the witnesses hereinafter undersigned,
personally came and appeared the sew
eral persons whose names are hereunto
subscribed, who severally declared that
availing themselves of the provisions OF
the laws of this State relative to the
organization of corporations, they have
contracted and agreed, and do by these
presents agree and bind themselves, as
we'll as such other persons as may here
after become associated with them, to
form and constitute a corporation and
body corporate in law, for the objects
and purposes and under the agreements
and stipulations hereinafter set forth and
expressed.
ARTICLE I.
The name of this corporation shall be
THE w. H. HEARNE COMPANY,
LIMITED" under which name it shall
have corporate existence and succession
for a period of ninety-nine years from
the date of this act, and shall have mower
to contract, sue and be sued, to purchase,
lease, mortgage, pledge, ALLEVIATE or en-
cumber real estate or personal. property
of every description, and generally to
have and exercise, for all purposes con-
nected with or Incidental to its business
as hereinafter set forth, all powers con-
ferred upon corporations by the laws Of
the State of Louisiana.
r. -: ARTICLE IL.
The doTnieile of this corporation shall
be in the city of Shreveport, State of
Louisiana Citation and all other legal
process shall be served upon the presi-
dent of the company, and in his absence
on the secretary-treasurer of the COM
pany.
ARTICLE III.
This corporation is organized for the
purpose of purchasing and selling lands,
timber and personal property, and the
purchase, manufacture and sale of lun,-
Der, and to buy, manufacture and sell
articles made of lumber, and to establish
and conduct a saw-mill business, and to
carry on general merchandise business,
and to purchase and sell goods. wares
and merchandise.
ARTICLE ". ..
The capital stock of this corporation
shall be twenty-five thousand ($25,ooo)
dollars, to be. represented by two hun
dred and fifty (25o) shares of capital
stock OF. the par value of one hundred
($Ioo) dollars. This corporation shall
commence business when ten thousand
l$Iooooe dollars of the capital stock are
subscribed and paid for. All stock shall
be fully paid for in money or its equiva-
lent in property, before certificates there
for shall issue. All transfers of stock
shall be made on the books of the COM
pany
ARTICLE ".
All the powers Of this corporation
shall be vested in and exercised by a i
Board of Directors, consisting of three
who shall be selected at
the annual meeting of the shareholders, |
to be elected on the first Wednesday in
February of each year; notice of this |
meeting shall be published ten days prior |
o the holding thereof, in one daily news
paper published in the city of Shrevc-
port, La. At said meeting every share
holder shall be entitled to cast one vote,
q person or by proxy, on every share Of |
stock owned by him, and the majority of |
votes cast shall elect. The Board Of |
Directors shall prescribe the manner in
which said meeting shall be held and the
iotes cast and the result ascertained. The |
allure to hold any annual meeting shall
lot terminate this charter, but the Of
lcers then in Office shall continue in Of
ice and shall summon an annual meeting
IS soon as possible.
The Board of Directors of this cor
,oration shall exercise all the powers,
10Th general and special, vested in this
as fully in everv respect az
he same might be exercised by the
tockholders Of the company, and shalt
4 no case be required to summon 4
Meeting of the shareholders Of the COM
any to ratify or authorize an act. con-
ract, alienation or encumbrance done sor
ntered into by the said board.
he frst Board of Directors OF this
who shall hold Office until the
rst Wednesday OF February, 1904, and
ntsl their successors are elected and
ualihed, shall be: D. C. Richardson, w.
!. Hearne and ]. G. Newberry, with D.
. Richardson as president, w Fl.
iearne vice president, and ]. G. New ,
err. secretary, who shall also be treas !
rer.
The officers Of this corporation shalI IL
president, vice president and sccretary-I :
'easurer Every director shall own at
asst one share Of the capital stock Of :
us company.
At all meetings Of directors, the IL
sctors not present in the city Of Shrcye- ]
ort may give their proxy or power OF
torney to director present, who may
present TO cast the vote Of the absent | +
rectors on all matters that may come q
tore the board, in such sense as the )
rector to whom the proxy is given NAV
es proper, or the proxy may contain
'eelflc directions how and in what sense
e vote OF the absent director shall be
81.
ARTICLE VI.
his charter may be amended bv ii
'te OF three-fourths of the stockholders