The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1907-07-04
CHARTER OF

The )
Sapp & Bridges Co., Limited, !.
Of Koran, Louisiana.
DE IT 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. So of the General Assembly OF the
State of Louisiana, approved June ~,
1883, and Act No. rs 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-wit:
ARTICLE I.
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 five (25) years from and after
the date hereof; to contract, sue and be
sued; to make and use a corporate seal
and the same to change at pleasure; to
hold, receive, lease and purchase, alien
ate and convey, as we'll 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.
4 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
sence, at the Office of the corporation,
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 oHbe general mercantile bust
ness, and all business incident thereto.
ARTICLE w.
The capital stock of this corporation
J is hereby fixed at the sum OF Five
, Thousand Dollars ($5, 5000 to be divided
, into fifty shares of One Hundred Dollars
($iOO) 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
e the corporation.
+. ARTICLE v.
All the corporate powers of this cor
poration shall be vested in Board OF
Directors, to be composed OF three
stockholders, which board 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 be: L. R. Sapp, President; L. G.
!. Tension, Vice. President; L. L. Bridges,
d Secretary and Treasurer.
III his 0OdTU DuCCIOIS 10 W SCAVO
IS until the second Monday in January,
|, 1903, aforesaid, or until their successors
i are duly elected thereafter, and such
4 new board shall elect its President, Vice.
i. President, Secretary and Treasurer.
e 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 a ma
!. iority of votes shall elect. Three di-
rectors shall constitute quorum.
: The President may appoint from time
n 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 al
y such rules and regulations for the man.
agement of the business as they may
deem necessary; shall have power tt
collect debts, borrow money, issue bills
of exchange, notes, execute mortgage.
and generally dc all other things Incl
dent to the objects and purposes of thu
corporation.
This Charter may be modified, chang
ed or amended, and said corporation dis
solved with the consent of three-fourth
in amount of the capital stock repre-
sented at any general meeting of stock
3 holders convened for that purpose, ate
five days. previous notice OF said meeting
shall have been published in the oficia
journal of Bossier Parish, La; meeting
of stockholders for other purposes thai
of the Charter or dissolution shall b
= called by notice in newspaper pub
: lished in Bossier Parish, La.
Whenever this corporation is dissolve
by limitation or otherwise, it's affair
; shall be liquidated by two commissioner
elected by the stockholders, who sha
have f,,ll nower tn wind nm it's affairs