The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1903-02-05
CHARTER OF
Hodges-Connel Company,
Limited,

Alul1tSSha |
State of Louisiana-Parish OF Caddo.
De it known that on this, the 10th day
ID of November, A. D. 1902, before
ne, r. D. Webb, a Notary Public duly
and sworn in and for
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 provis- |
ions of the laws of this State relative to |
corporations, and especially OF Act No.
So, of 1888, of the General Assembly OF |
they have coyenanted 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
iects, and under the stipulations, articles
and conditions following, to-Wit:
ARTICLE I.
The name and style of this corporation
shall be HODGES-C ONNELL 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-
fish bylaws, rules and regulations, for
proper management of its 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 sub
scribed for. All stock shall be paid for
| in cash at the time of subscription, OF the
same may be issued at par, in payment or
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 for
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 ~.
The affairs of this corporation shall b
vested in and exercised by a Board o
Directors, to be elected from among tn,
stockholders of said corporation. Tit
said Board shall have authority to I'll
vacancies in their number caused b,
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 tn
corporation, with full authority to franz
and adopt such by laws, rules and regu
lations as the business of the corporation
may require. They shall appoint sucl
!. officers, servants and clerks as they ma,
deem necessary to conduct the bushes
of the corporation; fix their compensa
ton, term of service, with the right t
dismiss them al said Boards pleasure
Said Board shall also have the right to fl
and determine the salaries of all officer
herein provided for.
The following persons shall constitut
the first Board of Directors: j..
| Hodges, w. E. Cornell, w. H. Hodges
! ST., and w. H. Hodges, Jr., with j. G
1 Hodges President, w. E. Council, Vic
President, and w. H. Hodges, Jr., Sec
: rotary and Treasurer. They shall hol
T their offices until the first Monday i
! January, 1904, when their successors j
!, Office shall be elected at a general meet
lUR Va UllC ooOCh1AOluS1S3 So1ASA ASA W.
. purpose. At such meeting each stock
holder shall be entitled to one vote *
each share of stock registered in h
J, name. Notice of such election shall /
given by ten days publication immt
diately preceding such election in one
i the English newspapers published in Il
:. Parish of Bossier. After such election
the Board of Directors shall elect fro
: their own number the officers Of sa
: corporation.
. ARTICLE v.
2 This charter may be modified, change
= or amended; its capital stock increase
I. or decreased, or this corporation may
dissolved at general meeting OF Il
stockholders convened for this purpos
with the assent of hree-fourths Of Il
: entire capital stock. Ten days pr
notice OF such meeting shall be given,
provided, notice of meeting of stocl
| holders to be held for the purpose
electing Directors.
= In case Of dissolution or termination
q this corporation, either by limitation
/ 1,or ~ frov,, nr,xy 0a11co ito off "a