The Caucasian. (Shreveport, La.) 1900-192?, 1905-01-19
CHARTER
OF THE SIGNOR BURTON TIE
COMPANY, LIMITED.

|
State of Louisiana, Parish of caddo
Be it remembered that on this, the Isl
day of December, 1904 personally came
and appeared before me, J. A. Thispen
notary public in and for said parish
and State, the parties whose names are
hereuiito subscribed, all of full age, who
declared that, availing themselves of the
provisions of Act No. 36 of 1888, of the
General Assembly of Louisiana, they
have covenanted and agreed, and do by
these presents covenant and agree and
bind themselves, as we'll as such Other
| persons as may hereafter become asso-
ciated with them, to form and constitute
| corporation and body polite in law,
| for the purposes and objec's, and Under
the stipulations, articles and conditions
following, to-wit:
ARTICLE I.
The name and title of said corporation
shall be the Signor Burton Tie Company,
| Limited, and its domicile is hereby es-
tablished in Shreveport, State of Louis
iana and under its corporate name
said corporation shall have the power to
contract, sue and be sued; to make and
use a corporate seal, and the same to
break and alter at pleasure; to hold, re-
ceive, have, purchase, improve, ALLEVIATE,
convey, sell, borrow, pledge, mortgage
and hypothecate under its said corporate
name property, real personal and mixed !;
to name nd appoint such officers, di-
rectors, managers and agents or EN-
ployes, as the interest or convenience Of
the corporation may require; to make
and establish bylaws, rules and regula-
tons for the proper management and
regulation of its affairs, as may be
deemed necessary and proper, and the
same to alter and change at pleasure !;
and to do ali other acts and things per-
mitted by law, or as shall be necessary
and proper to carry out the objects and
purposes of this corporation.
Said corporation, unless sooner dis
solved in accordance with its charter
shall exist and continue for period of
ninety nine years from and after the
date, hereof.
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.
ARTICLE II.
The objects and purposes for which
this corporation is organized, and the
nature of the business to be carried OF
by it, are declared to be the following.
to-wit: To manufacture, buy and sell
railroad qinbers and ties, and general,
all such material as is used in the con
struction Of railroad work, and for this
purpose to acquire lands and property
to construct, purchase, or otherwise ac-
quire such buildings, factories Or ma
chinery or implements as may be neces-
sary and proper for the carrying out of
such objects.
ARTICLE III.
The capital stock of this corporation
shall be one hundred thousand dollars
divided into and represented by one
thousand shares of one hundred dollars
each, which stock shall be paid for al
the time of its subscription in cash or
in property or for other valuable con-
siderations or services, as the Board of
Directors may determine.
Any stakeholder may sell, assign or
transfer his stock in this corporation
provided ten days prior notice of such
intention be given the Company, and the
stockholders thereof shall have the first
privilege of purchasing the same, after
which thirty days notice. the stock may
be sold in the open market. All trans
fers of stock must be made on the books
of the Company at its office in Shreve-
port, La.
This corporation shall commence bus
mess as soon as fifty thousand dollars
of its stock shall be subscribed for and
paid for in cash or its equivalent.
ARTICLE ".
The corporate powers of this corpora
lion shall be invested in board of
three directors, two members of which
shall constitute quorum for the trans
action Of business, and their decision
shall be corporate acts. The following
persons shall constitute the first board
of directors: George w. Signor, w. w.
Burton and Charles w Billietter, with
George w. Signor as president, w. w.
Burton as vice-president and Charles
Billietter as secretary and treasurer. No
person shall be eligible as director or
officer who shall not be stockholder.
Said board and officers shall continue in
Office until the first Monlay in February,
Ioo6, on which date, and thereafter an
nually. board of directors and officers
shall be elected, unless said day shall
be legal holiday, when the election
shall be held on the next legal day there
after. Ten days written notice of said
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