The Caucasian. (Shreveport, La.) 1900-192?, 1907-02-10
CHARTER
OF THE PINE ISLAND MERCAN-
TLAE COMPANY, limited


lana, duly commissioner and qualified
came, in che presence Of The Wltnesse:
hereinaftes undersigned, Che several per
sons whose esames are heseunso sub
scribed, who declared THAI asailing chem
selses of the provisions Of Act No. 80 OF
the Genesal Assembly Of Che State OF
Louisiana, approved June 20, 1888, and
A2 Ne % ~ soos, as we'll as chose OF
the general lavs of one State of louis
! lana relative to Che organization Of coy
porations, thy haze formed and do by
the presents foem and organize them
selses into corporation tor Che objects
and purposes ana under Che ssipulations
hereinafter see 5ortls which they do
hessby accer& as their charter. to-wit:
ARTICLE 4.
TAe name and title of This corpora
ton shall be PINE ISLAND MER-
CASTLE COMPANY, LIMITER''
of Shreveport, Louisiana BY that name
it shall have powef and authority 20
OF twenty-five (25) years from and after
the date hereof, 90 contracs. sue ana Be
sued; to make and use a corporate seal
and the same to change az pleasure; TO
hold. receive, lease and purchase. alien
ate and convey, as well as mortgage and
hypothecate property, real ana personal
and mixeE; to name and appoint such
managers, directors, officess and agers4s
as the interest 90 such corporation may
require and 60 make and establist3such
bylaws, &uleS and regulations for The
proper management of che affairs OF said
corporation as enay be necessary and
proper and the same to altev az pleasure.
ARTICLE IL.
The domiclle oS this corporation shall
be i'll the City of Shreveport, Caddo Par
ish, State OF kouisianas and all citations
and legal processes shall be served on
the president OF the corporation % III
his absence, az the Office of the corpora
ton, according 20 Article soS Code Of
2ractice % Louisiana
ARTICLE III.
The purposes FOR which This corpora
ton is organized and the Nature Of the
business to be carsied on BY IL. are de
clared t@ be a general mercantile bust
ness and all business incident thereto.
SRTICg-E ".
The capital stock Of this corporation
is hereby nxed at the su1n of ten shous-
and tSIo,ooooo) dollars, % be divided
into one hundked (Ioo) shares al one
hundred (SIoo.oo) dollars per share and
the corporation may begin business
when three thousand (S3,ooooo) dollars
of the stock is subscribed. The stock
shall be paid for in CASH 90 its eq,liva
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 y.
All the corporate powers OF CHS cor
poration shall be vested in a board OF
directors, to be composed of allree stock
holders, which said board shall be elect
ed annually, commencing on the third
Monday in January 1907 and to serve
until the third Monday in January 1908.
The first board of directors is declared
to be Louis Heilperin, president; o.. g..
Nesbitt vice president, and Ike Muslow
secretary and treasurer This said board
is to Sc We until the third Monday in
January ,goS as aforesaid, Or until their
successors are duly elected thereafter,
and such new board shall elect its pres
ident and secretary and treasurer. The
directors shall be elected by the stock
holders, each share of stock to be en-
titled to one vote to be cast by its owner
in person or by proxy, and maj ority
Of votes shall elect Three CD directors
shall constitute a quorum. The president
may appoint from time to time, and dis
miss, such clerks, agents and other en-
ployes as may be deemed necessary for
the purposes and business of this cor
poration. The board of directors may
make all such rules and regulations for
the management of the business as they
may deem necessary: shall have power
to collect debts. borrow money. issue
bills of exchange, notes, execute mort
cages and generally to do all things in
cldent to the objects and purposes of
the corporation.
ARTICLE VI.
This charter may be modified, changed
or amended, and said corporation may
be dissolved with the consent of three
fOurths in amount of the capital stock
represented at any general meeting of
stockholders convened for the purpose
after five days previous notice of said
meeting shall have been published in one
of the daily newspapers of the City of
Shreveport, meetings of stockholders for
other purposes than change of the char
ter Or dissolution shall be called by no
tlce i'll Shreveport paper as aforesaid.
Whenever this corporation IS dissolved
by limitation or otherwise. its affairs
shall be liquidated by two commission
ers elected by the stockholders, who