The Caucasian. (Shreveport, La.) 1900-192?, 1907-01-06
CHARTI
OF THE HAMtTER- BuSBEY MILL
AND ELEVATOR co. LTD.

Be il known that this day before me.
Ponder s. Carter Notary Public in
and for the State and parish aforesaid,
this day came and appeared the several
persons, all personally known TO me,
whose names are hereunto signed. who
declared that availing themselves of the
provisions of the laws Of the State OF
Louisiana relative to corporations, they
have formed and by these presents do
FORM organize and constitute themselves
into a corporation. under the stipulations
and regulations following. to-wit
ARTICLE l.
The name aud style of this corporation
is hereby declared to be HAMITER-
BUSBEY MILL & ELEVATOR COM
PANG, LIMITED, and under such
name and style it shall have power to sue
and be sued, to have and enjoy corporate
succession for period of ninety
years from date hereof to have and use
a corporate seal; to make bylaws for its
government and same to amend and
change at its pleasure: and in general to
do any and all objects necessary or in
cidenta to the purpose for which it IS
organized.
ARTICLE IT,
| he object and purpose of this cor
poration is for the purpose of conduct
| ing a wholesale hay and grain business,
| TO manufacture all kinds of grain pro
ducts, to buy and lease and to erect and
conduct elevators and mills in any part
of the United States, to export grain of
all kinds, to own and lease land or any
thing else that might become necessary
| to the conducting Of this business: to
manufacture grain products anywhere it
might be to the interest of the company.
to conduct a general commission grain
business or do anything else pertaining
10 the grain business.
The domcile of this corporation is
hereby fixed and declared to be the City
OF Shreveport iii Caddo Parish, State of
Louisiana. All legal services, such as
citations and other wrts of legal process
shall be served upon the president, vice
president. and in their absence upon any
of the other directors Of the corporation
at their Office in the City of Shreveport
according to law.
ARTICLE III.
ff1e capital stock of this corporation is
fixed at two hundred and fifty thousand
t$25o,ooo.oo) dollars divided into TWEEN
ty-five hundred (25oo) shares at one
hundred ($Ioo)' dollars each, and the
corporation may begin business when
one hundred thousand ($looooooo) dol
lars shall have been subscribed and paid
in cash or its equivalent in property.
All transfers Of stock to be valid and
binding shall be made upon the books of
the corporation, and no transfer of stock
shall be valid Unless parties holding such
stock for sale shall first offer the same
at its market value at the time offered
for sale; first to E. w. Hamiter, then to
]. L, Busbey. individually, for a period
90 days, and in the event Hamiter then
Busbey, decline to purchase the stock af
ter expiratio nof said time named in
the article, then said stock shall be Of
fered to the other individual stockhold-
ers for a period of ninety days, and upon
their refusal to take the said stock at the
expiration of the time, then the same
may be offered to the general public at
any time thereafter and unless this pro-
vision is complied with, the transfer of
said stock shall not be valid In
case of the death of any stakeholder,
then the stock they hold in said corpor-
alton shall without reserve be offered to
the surviving members at its then mar
ket value for period of ninety days.
ARTICLE ".
The corporate powers of this corpora
ton are hereby vested in Board of
Directors. consisting of five stockhold
ers, three of whom shall constitute
quorum for the transaction of business.
The Board of Directors shall be elected
annually by ballot by the stockholders
of the corporation at regular meeting
to he held on the first Monday of De
cetnber Of each year, beginning i'll the
year 1907: and the directors shall elect
the other officers of the corporation. The
president shall be and is vested with full |
power by this act of Incorporation to
employ and discharge all the labor and |
employees as he may see fit. Until such
meeting be held and their successors
there elected be qualified, the Board of
Directors shall be E. w. Hamiter, ]. L.
Busbey, R L. Haiston, R. D. Anderson
and K. l.. Anderson, with E. w Ham
tier as president, ]. L. Busbey as vice
president and treasurer, and K. l.. Hol-
ston as secretary. The Board of Direc
tors shall have authority to make all
necessary regulations and bylaws for
the conduct and government of the cor
poraton, as well as to appoint such of
fcers. agents and employees as may be
considered proper to said board.