The Caucasian. (Shreveport, La.) 1900-192?, 1903-05-07

! organization Of corporations, they hive
contracted ard agreed, and do By thrs
presents agree and bind themselves. as
we'll as such Other persons as may here
,f,cr become associated with them, to
| form and constitute Il corporation end
body corporate III law, for the objects
and PURPOSES and un,!er the agreements
ard s;iD.iIatiors hereinafter set forth and
expressed.
ARTICLE l.
| The name of this corporation shall be
THE w II. HEARNE company,
| LIMIVED.' under which name 1t snail
have corporate existence and SUCCESSION
| for period Of rincty~1uHc years troiil
! the da1e of this act, and shall have mower
to contract sue ard be sued, to purchase,
| lease, mortgage, pledge, a!ttnatc or en-
crnber real estate or personal property
of every description. and generally to
! have and exercise. for all purposes coz
| uec,cd with or Incidental t. It's business
as hereinafter st FORTH al powers con
ierrcd Upon corporations bv the laws ct
the State of Louisiana.
ARTICLE II.
The domciie of this corporation shall
be in the city Of Shreveport, State OF
| Louisiana. Citation and all ether legal
process shall be served upon the prcs1-
dent of the company, and IN his absence
on the secrctary-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 lum-
Der, and to buy, manufacture and sell
articles made of lumber, and to establish
and conduct a saW-r1llll business, and to
carry on a 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 Tcnresented' by two hun
dred and fifty (25o) shares Of capital
stock of the par value of one hundred
| ($1oo) dollars. This corporation shall
| commence business when ten thousand
| (S1OOOO) dollars of the capital stock are
subscribed and paid for All stock shall
| be fully paid for in money OF its equlva-
/ 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.
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 meetino of the shareholders,
| to be elected on the first Wednesday II
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 he 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 III
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
hcers then in office shall continue in Of
| fee and shall summon an annual meeting
as soon as possible. ISL
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 encumbrance done OF
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: D. c. Richardson, W.
H. Hearne and ]. 6. Newberry, with D.
c Richardson as president, w. H.
Hearne vice president, and ]. G. New
berr-- secretary, who shall also be treas
! t1rer. -. -. .
!: The officers of this corporation shall be
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 il
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
dlftetefS oit dill HidttelS thai lidy eoiHe
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 = -
= -s..s ARTICLE VI. ...
: This charter may be amended by a
vote of three-fourths of the stockholders
held at general meeting convened for