The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1907-06-06
CHARTER OF

CHART - II OF
Sapp & Bridges Co., Limited,
Of Koran, Louisiana.
DE 1T KNOWN, that this day, before
ID me, j. w. Elston, Notary Public in
and for the Parish Of Bossier and State
of Louisiana, duly commissioned and
qualified, came, in the presence of the
witnesses hereinafter undersigned, the
several persons whose names are here
unto subscribed, who declare that, avail
ing themselves of the provisions of Act
No. 36 of the General Assembly of the
State of Louisiana, approved June 70,
1888, and Act No. Is of 1904, as well as
those of the general laws of the State of
|. louisiana, relative to the organization
of corporations, they have formed and
do by these presents form and organize
themselves into a corporation for the
object and purposes and under the stip-
ulations hereinafter set forth, which
they do hereby accept as their Charter,
| tO-wlt:
/ ARTICLE 1.
The name and title of this corporation
shall be the Sapp & Bridges Company,
Limited, Of Koran, La. By that name
it shall have power and authority to have
and enjoy succession for the term of
twenty (25) years from and after
the date hereof; to contract, sue and be
sued; to make and use corporate seal
and the same to change at pleasure; to
hold, receive, lease and purchase, alien
ate and convey, as well as mortgage and
hypothecate property, real and personal
and mixed; to name and appoint such
managers, directors, officers and agents
as the interest of such corporation may
require, and to make and establish such
by laws, rules and regulations for the
proper management of the affairs Of said
corporation as may be necessary and
proper, and the same to alter at pleasure.
ARTICLE II.
The domicile Of this corporation shall
be at Koran, Bossier Parish, State of
Louisiana, and all citations and legal
processes shall be served on the Presi-
dent OF the corporation, or in his alb
according to Article 1893, Code Of Prac-
tice Of Louisiana.
ARTICLE III.
The purposes for which this corpora
ton is organized and the nature of the
business to be carried on by it are de-
clared to be general mercantile bust
ness, and all business incident thereto.
i ARTICLE ".
The capital stock of this corporation
is hereby fixed at the sum of Five
Thousand Dollars $4,000 to be divided
into fifty shares of One Hundred Dollars
l$10O1 per share, and the corporation
may begin business when the full amount
of the capital stock, five thousand dol
lars is subscribed and paid. The stock
shall be paid for in cash, or its equiva-
lent, when subscribed for, or the same
may be issued at not less than par in
payment for the property purchased by
the corporation.
ARTICLE v.
All the corporate powers OF this COR
poratioR shall be vested in a Board of
Directors, to be composed Of three
stockholders, which beard shall be elect
ed annually, on the second Monday in
January, beginning in the yean 1908:
The first Board Of Directors is declar-
} ed to bel L. r. Sapp, President; L. C.
Tension, Vice President; L. L. Bridges,
Secretary and Treasurer.
} This Board of Directors is to serve
until the second Monday in January,
1908, aforesaid, or until their successors
are duly elected thereafter, and such
new board shall elect its President, Vice
President, Secretary and Treasurer.
The Directors shall be elected by the
stockholders; each share of stock to be
entitled to one vote, to he cast by its
owner in person or by proxy, and ma
J jority of votes shall elect. Three di-
rectors shall constitute quorum.
!. The President may appoint from time
I to time, and dismiss, such clerks, agents
and other employees as may be deemed
necessary for the purposes and business
} of the corporation:
The Board of Directors may make all
such rules and regulations for the man.
agement Of the business as they may
deem necessary; shall have power to
collect debts, borrow money, issue bills
of exchange, notes, execute mortgages
and generally do all other things Incl
dent to the objects and purposes of the
corporation.
, ARTICLE vi,
This Charter may be modified, chang
, ed or amended, and said corporation dis
: solved with the consent of three fourths