The Caucasian. (Shreveport, La.) 1900-192?, 1903-05-27
CHARTER
OF THE w. n. HEARNE COMPANY,
~ "%5 LIMITED.

w. "%7 LIMITED.
United States of America, State of
Louisiana, Parish OF Caddo: Be it
known that on this the 18TH day of April,
A. D. 1908, before me, Allen Kendall, a
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 severaily declared that
|availing themselves of the provisions of
the laws Rof this State relative to the
Organization of corporations, they have
contracted and agreed, and do by these
presents agree and bind themselves, as
well as such other persons as may here
after become associated with them, to
form and constitute corporation and
body corporate in law, for the objects
and purposes ard under the agreements
and stipulations hereinafter set forth and
expressed. y 5s.@s. = -
| ARTICLE /.
The name of this corporation shall be
THE w. FL. 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 power
lease, mortgage, pledge, ALLEVIATE or en-
c,llnber resl estate or personal property
of every description, and generally to-
have and exercise, for all purposes con-
necfed with or incidental to its business
as. hereinafter set forth, all powers con-
ferred upon corporations by the laws Of
the State of Louisiana.
1. ARTICLE II.
The domicile 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
paf1y. s8 SR .#.. .-3ss@.ss
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 lunl-
Der, and to buy, manufacture and sell
articles made of lumber, and to establish
and conduct saw-mill business, and to
carry on general merchandise business,
and to- purchase and sell goods. wares
and merchandise.
~ ARTICLE w.. -a5E
! The capital stock of this corporation
shall be twenty five thousand ($25,ooo)
dollars, to be represented by two hun
dred and fifty (25o) shares of capital
stock of the par value of one hundred
($Ioo1 dollars. This corporation shall
commence business when ten thousand
e($To,oool 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.
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 daily 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 Board OF
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
sfcers then in office shall continue in Ct,
fice and shall summon an annual meeting
as soon as possible.
The Board of Directors of this cor
poration shall exercise ali 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
id no case be required to summon a
meeting of the shareholders of the COM
pany to ratify or authorize an act, corr
tract, alienation or encumbrance done or
entered into by the said board.
The first Beard 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. d. C. Richardson, w.
III. Hearne and ]. G. Newberry, with D.
eC. Richardson as president, w II.
Hearne vice president, and ] @. New
berry secretary, who shall also be treas
urer. -
The officers Of This corporation shall Be
d president, vice president and secretary
treasurer Everx director shall own at
least one share kof the capital stock 81