The Caucasian. (Shreveport, La.) 1900-192?, 1907-12-17
CHARTER
OF THE DOUGLAS & SENTELL
COMPANY.

State OF Louisiana, Parish OF CaddO:
Be it known that this day, before me,
George Whitfield Jack, a notary public
in and for the above named parish and
State, personally came and appeared
John Glassell Jr, J. NJ. Scntell, ], 5.
Douglas and w II. North, all residents
iof Caddo Parish. La, who declared that
avaiing themselves Of Act No, - OF
1901 of the General Assembly of the
State of 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 e.. ,.-..lations hereinafter set
forth, V, e. d. ; do hereby accept as
their charter, t 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
corporate seal, and same to change at
pleasure; to hold, receive, lease and
purchase, ALLEVIATE and convey, as well
as mortgage aud hypothecate 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 at pleasure.
ARTICLE II.
The domicile 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 or 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 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; ]. S. Douglas, secretary
and treasurer The said board to serve
until the first Monday of January 1900,
or until their successors are duly elect
ed. The directors shall be elected by
the stockholders, each share of stock to
be entitled to one vote, to be cast by Its
owner in person or by proxy, and the
majority of votes shall elect The boar
of directors may make all such rules and
regulations for the management of the
business as it may deem necessary and
expedient.
ARTICLE VI
This charter may be modified, changed
or amended, Or said corporation dis
solved with the consent of three ourths
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 i'll one of the daily news
papers of the City of Shreveport or no
tice of such meeting mailed to each
member by the secretary ten days before
the date of the meeting. Whenever this
corporation is dissolved by limitation
or otherwise, its affairs shall be llqul-
dated by two commissioners elected by
stockholders, who shall have full power
to wind up its affairs, settle its liabilities
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
poraton III any further sum than thu
unpaid balance due toS the company OF
shares of stock subscribed for, or ownet
by him; nor shall any mere informally
in organization have the effect of ren
dering this charter null, or exposing
stakeholder to any liability beyond tn
amount ~ his ctocL- due Inv him a