The Caucasian. (Shreveport, La.) 1900-192?, 1903-05-13
CHARTER
OF THE w. H. HEARNE COMPANY,
LIMITED.

A. ~. 19O3, DeIoFe hlc, 111lCii NSHoois q
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
ayailing 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
ARTICLE l.
The name of this corporation shall be
THE w. H. HEARNE COMPANY,
LIMITED" under which name it shall
have corporate existence and succession
for 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-
culnber 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. ....
ARTICLE H.
The don1icile 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 Ill.
This cornoration is organized for the
purpose of purchasing and selling lands,
timber and personal property, and the
purchase, manufacture and sale of lum-
ber,s and to buy, manufacture and sell
articles made of lumber, and to establish
and conduct saw-n1ilI 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 ($25,ooo)
dollars, to be represented by two hum
bred and fifty (25o) shares Of capital
stock of the par value of one hundred
($Ioo) dollars. This corporation shall
commence business when ten thousand
($Io,ooo1 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 v.
Ali the powers of this corporation
shall be vested in and exercised by a
Board of Directors, consisting Of three
stockholders, 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
to the holding thereof, in one dailv news
paper published in the city of Shreve-
port, La. At said meeting every share
holder shall be entitled to cast one vote,
in person or by proxy, on every share of
stock owned by him, and the majority of
votes cast shall elect. The Beard 81
Directors shall prescribe the manner in
which said meeting shall be held and the
votes cast and the result ascertained The
failure to hold any annual meeting shall
not terminate this charter, but the of
fcers then in Office shall continue in of
hce and shall summon an annual meeting
as soon as possible.
The Board of Directors of this cor
poration shall exercise all the powers,
both general and special, vested in this
corporation, as fully in everv respect as
the same might be exercised by the
stockholders Of the company, and shall
in no case be required to summon
meeting of the shareholders Of the COM
pany to ratify or authorize an act, con-
tract, alienation or encumbrances done or
entered into by the said board.
The first Board of Directors of this
company, who shall hold Office until the
first Wednesday of February, 1904, and
until their successors are elected and
qualified, shall be. ID. C. Richardson, w. !
II. Hearne and T G. Newberry, with d.
C. Richardson as president, w. H.
Hearne vice president, and G. New
berrv secretary, who shall also be treas
urer.
The officers Of this corporation shall Be
a president, vice president and secretary
treasurer. Every director shall own at
least one share of the capital stock Of
this company.
At all meetings Of directors, the i'll
rectors not present in the city of Shreve-
port may give their proxy or power of
attorney to director present, who may
be present to cast the vote of the absent
directors on all matters that may come
before the board. in such sense as the
director to whom the proxy is given may
see proper, or the proxy may contain
specific directions how and in what sense
the vote of the absent director shall Be
cast.
ARTICLE vi.
This charter may be amended By 4
vote OF three-fourths Of the stockholders
held at a general meeting convened for
that purpose, after fifteen days notice
published in one Of the newsDaners n,,h. |