The Caucasian. (Shreveport, La.) 1900-192?, 1907-11-24
forth, which they do hereby accept az
their charter. to-wit:
ARTICT F

shall be DOUGLAS & SENTELl
COMPANY: by that name it shall have
the power and authority to have and
Ienloy succession for the term OF twenty
of, sue and be sued: TO make and use
a corporate seal, and same to change at
| pleasure: to hold. receive. lease and
purchase ALLEVIATE and convey, as well
as mortgage and hypotheeate property,
real. personal and mixed: to name and
appoint such managers. directors, of
hcers and agents as the interest OF such
! corporation may require. and to make
and establish such bylaws, rules and
regulations for the proper management
OF the affairs OF said corporation as may
be necessary and proper. and the same
TO alter al pleasure.
ARTICLE II.
The dotnicle of this corporation shah
BIZ in Dixie, Caddo Parish. La. and all
citations and other legal process shall be
- ~ VII ttlN PtASltlklit Oh tllS toi ppl
Ilaon, or III his absence on the secretary
ARTICLE III.
The purpose fer which this corpora
,uon Is organized are declared to be the
icondurt1ng III the parish Of Caddo OF
general mercantile business.
ARTICLE "
ta
is hereby fixed at the sum OF twenty
thousand dollars to be divided into two
hundred shares OF the par value OF one
hundred dollars each, the corporation to
begin business when ten thousand dol
lars OF the capital stock subscribed and
paid nue. aid stock shall be paid for in
cash or Ill property OF this equivalent in
such manner as the board of directors
may determine.
ARTICLE Y.
All the corporate powers OF this cor
porat1on shall be vested in board of !
directors to be composed of three stock |
holders which board shall be elected an
nually on the first Monday in January.
beginning with the year 1908. The first
board of directors shall be composed of
J. NJ Sentell. president: w H. North,
vice president; J. S. Douglas. secretary
and treasurer The said board to serve
until the first Monday of January 1900,
or until their Successors are duly elect
cd. The directors shall be elected bv
he stockholders, each share of stock to
De entitled to one vote. to be cast by its
owner in person Or by proxy. and the
majority of votes shall elect. The board
# directors may make all such rules and
regulations for the management of the
BUSINESS as 1t may deem necessary and .
Xpedient
ARTICLE VI.
his charter may be modified, changed =
II amended, Or said corporation dis s
olved with the consent of three fourths s
the amount of capital stock represent G
d at meeting of the stockholders CON )
ened for that purpose There shall be
II days notice OF such intended meet
lg published in one OF the daily news =
apers Of the City of Shreveport or no. t
&c OF such meeting mailed to each /
ember by the secretary ten days before n
lie date Of the meeting Whenever this
orporatlon is dissolved by limitation
: otherwise. its affairs shall he liqu-
ated by two commissioners elected BY n
ockholders, who shall have full power k
wind up its affairs, settle its liabilities II
Id distribute the proceeds among the q
editors and stockholders.
ARTICLE VII.
No stakeholder shall ever be liable A
n the contracts OF faults OF this cor la
'ratlon III any further sum than the 81
paid balance due to the company on 1t
ares OF stock subscribed for. or owned ~
him; nor shall any mere informally
organization have the effect OF rem
ring this charter null. or exposing
ockholder to any liability beyond the n
Mount OF his stock due by him as az
oresaid. All sales or transfers OF stock Us
ust first be made on the books of the
mpany to he valid.
Done and passed i'll my office i'll Ca lido
arish. la, in the presence of w P nc
all and ]. F. Looney. competent wit
sses. on this 22nd day of Novem ~
r 1907. -
J. NJ. SENTELL.
JOHN GLASSELL. JR. G.,
J. S. DOUGLAS.
w. H. NORTH.
Attest.