The Caucasian. (Shreveport, La.) 1900-192?, 1907-12-01
CHARTER
OF THE DOUGLAS & SENTELL
COMPANY.

>
Douglas and W. H. North, all residents
of Caddo Parish, La, who declared that
availi1g themselves of Act No. IS OF
1904 Of the General Assembly OF the
State CT Louisiana, as well as all other
statutes of the State relative to the Or
ganization of corporations, they have
formed and do by these presents form
and organize themselves into a corpora
ton for the objects and purposes and
under the s.i3ulations hereinafter set
forth, which they do hereby accept as
their charter, to-Wit:
ARTICLE I.
The name and title of this corporation
shall be DOUGLAS & SENTELL
COMPANY; by that name it shall have
the power and authority to have and
enjoy succession for the term of twenty
five years from and after the date here
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 hypotfecate property,
real. personal and mixed; to name and
appoint such managers, directors, OF
ficers and agents as the interest Of such
corporation nav require, and to make
and establish Il bylaws, rules and
regulations f. -: proper management
OF the affair corporation as may
be necessary ard proper, and the same
to alter at pleasure.
ARTICLE II.
The donicile of this corporation shall
be in Dixie, Caddo Parish, La, and all
citations and other legal process shall be
served on the president of the corpora
ton, Or in his absence on the secretary
ARTICLE III.
The purpose for which this corpora
ton is organized are declared to be the
conducting in the parish of Caddo of a
general mercantile business
ARTICLE ".
The capital stock of this corporation
| 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 in; said stock shall be paid for in
cash CT in property of this equivalent in
such manner as the board of directors
may determine.
ARTICLE V.
All the corporate powers of this cor
poration shall be vested i'll a 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 sh?al be composed OF
J. M. Sentell, president; W. H. North
vice president; J. S. Douglas, secretary
and treasurer The said board to serve
until the first Monday of January 1909
or until their successors are duly elect
ed. The directors shall be elected by
the stock!&lgs, each share of stock tc
i be entite,. ne vote, to be cast by it:
owner i :..s.n Or by proxy, and the
majority o. wees shall elect. The boar
of directors may make all such rules and
regulations for the management of the
business as it may deem necessary ant
expedient.
ARTICLE VI.
This charter may be modified, changed
or amended, Or said corporation dis
solved with the consent Of tlree-fourth:
of the amount of capital stock represent
ed at a meeting of the stockholders con
vened for that purpose. There shall be
ten days notice of such intended meet
ing published in one of the daily news
papers of the City of Shreveport or no
tice of such meeting mailed to eacl
member by the secretary ten days before
the date of the meeting. Whenever thi:
corporation is dissolved by limitation
or otherwise, its affairs shall be liqui
dated by two commissioners elected b.
stockholders, who shall have full power
to wind tip its affairs, settle its liabilitie:
and distribute the proceeds among the
creditors and stockholders.
ARTICLE VII.
No stakeholder shall ever be liable
for the contracts or faults of this cor
Iporation in any further sum than the
unpaid balance due to the company or
shares of stock subscribed for, or owned
by him; nor shall any mere informally
in organization have the effect of rem
dering this charter null, or exposing !;
stakeholder to any liability beyond tn,
amount OF his stock due by him a;
aforesaid. All sales or transfers OF STOCK
must first be made on the books of the
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