The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1903-01-29
CHARTER OF
Hodges-Connell Company,
Limited,


DE it known that on this, the Goth day
d of November, A. D. 1902, before
me, r. d. Webb, Notary Public duly
the Parish of Caddo, State of Louisiana,
personally came and appeared the per-
sons whose names are hereunto sub
scribed, all of full age, who declared
that availing themselves of the proyis-
ions of the laws of this State relative to
corporations, and especially of Act No.
36, of 1888, of the General Assembly of
Louisiana, they have covenanted and
agreed, and by these presents covenant
and agree, and bind themselves, as well
as such other persons as may hereafter
become associated with them to form
and constitute corporation and body
polite in law, for the purposes and OBJ
jects, and under the stipulations, articles
and conditions following, to-wit:
ARTICLE
The name and style of this corporation
shall be HODGES-CONNELL COM
PANY, LIMITED, and it's domicile is
hereby established at Elm Grove, Bossier
parish, Louisiana, and under the said
corporate name it shall have power to
contract, sue and be sued, to hold, ac-
quire, receive, purchase, sell, convey,
deliver, rent, lease, mortgage, hypothe-
cate, borrow and pledge property, real,
personal and mixed; to make and estab-
lish bylaws, rules and regulations, for
proper management of It's affairs, and
the same to alter and change at pleasure,
and to do all other acts and things as may
be necessary and proper to effect the
objects and purposes of said corporation.
The President, or in his absence the
Vice President, shall be the proper per-
son upon whom citation or other legal
process shall be served.
This corporation shall exist for period
of nine-nine years, unless sooner dis
solved in accordance with its charter.
ARTICLE II.
The objects and purposes for which
this corporation is organized and the
nature of the business to be carried on
by it are declared to be, to conduct and
carry on general mercantile and plant
ing business.
ARTICLE III.
The capital stock of this corporation
is fixed at thirty thousand dollars, divid-
ed into three hundred shares of one
hundred dollars each, and it shall COM
mence business hereunder when the en-
tire capital stock shall have been SUBJ
scribed for. All stock shall be paid for
in cash at the time of subscription, or the
same may be issued at par, in payment OF
exchange for property, rights or credits
actually received or purchased by said
corporation, or the same may be issued
full paid for money advanced and fol-
such other valuable consideration as the
Board of Directors may determine.
Any stakeholder may sell, assign OF
transfer his stock in this corporation,
provided thirty days notice of such in
tention to sell, assign or transfer, be
given the company, and the other stock
holders shall have the privilege Of pur-
chasing same.
The stock Of said corporation may be
transferred under the above conditions,
provided such transfer be made on the
books of the company at its Office at Elm
Grove, Bossier parish, La, and on sur
render of the certificate therefor.
ARTICLE w.
The affairs of this corporation shall be
vested in and exercised by a Board Of
Directors, to be elected from among the
stockholders of said corporation. The
said Board shall have authority to fill
vacancies in their number caused by
death, resignation or otherwise, from
among the stockholders of the corpora
ton, they shall have full and entire con-
troll of the affairs and property of the
corporation, with full authority to frame
and adopt such by laws, rules and regu-
lations as the business of the corporation
may require. They shall appoint such
officers, servants and clerks as they may
deem necessary to conduct the business
of the corporation; fix their compensa-
ton, term of service, with the right to
dismiss them at said Boards pleasure
Said Board shall also have the right to fl
and determine the salaries of all officers
herein provided for.
The following persons shall constitute
the first Board of Directors: J. G
Hodges, w. E. Connell, w. H. Hodges,
ST., and w. H. Hodges, Jr., with J. G
Hodges President, W. E. Connell, Vice
President, and w. H. Hodges, Jr., Sec
rotary and Treasurer. They shall hole
their Offices until the first Monday il
January, 1904, when their successors il
Office shall be elected at a general meet
ing of the stockholders, called for this
purpose. At such meeting each stock
holder shall be entitled to one vote fol
each share of stock registered in his
name. Notice of such election shall bt
given by ten days publication imme.
diately preceding such election in one o.
the English newspapers published in the
Parish of Bossier. After such election
| the Board of Directors shall elect from
their own number the officers of sale
corporation.
ARTICLE v.
This charter may be modified, changed
or amended; it's capital stock increased
or decreased, or this corporation may b.
| dissolved at a general meeting of the
stockholders convened for this purpose
| with the assent of three fourths Of tn,
| entire capital stock. Ten days. prio
| notice of such meeting shall be given, al
provided, notice of meeting Of stock.
holders to be held for the purpose O
electing Directors.
In case of dissolution or termination O
this corporation, either by limitation o
its charter or from any cause, its affair
shall be liquidated by two commissioner
selected from among the stockholder
with like assent, and at meeting of tn,