The Caucasian. (Shreveport, La.) 1900-192?, 1907-03-21
CHARTER
OF THE WALLACE LAKE LAND
AND ORCHARD co. LTD.

the State and Parish aforesaid, this day
came and appeared the several persons,
all personally known to me, whose names
are hereunto signed, who declared that
availing themselves of the provisions of
the laws of the State of Louisiana rela-
tive to corporations, they have formed,
and by these presents do form, organize
and constitute themselves into cor
poration for the objects and purposes
and under the conditions, stipulations
and regulations following, to-wit:
ARTICLE I.
The name and style of this corpora
ton is hereby declared to be THE
WALLACE LAKE LAND AND OR
CHARD COMPANY, LIMITED, and
under such name and style it shall have
power to sue and be sued; to have and
enjoy corporate existence for a period
of ninety-nine years from date hereof
to have and use a corporate seal; to
make bylaws for its government, and
o"liN " aiiiciiu anu lidllSS DIT It's EledA-
ure; and, in general, to do any and all
objects necessary or incidental to the
purposes for which it is organized.
ARTICLE II.
The objects and purposes of this cor
poration are hereby declared to be the
planting and cultivation of orchards and
berry farms; the purchase and sale of
land and timber and the purchase of
lands. for the purpose of cultivating
sa11ie9 into orchards and berry farms,
and otherwise improving same, and the
sale of lands so improved, and further
for the carrying on of such agricultural
pursuits as may be deemed advisable by
the board of directors OF the corpora
ton, and, if the board of directors of
the corporation deem it advisable to es-
tablish a commissary, or commissaries, |
on such lands and plantations as may
be acquired by said corporation The |
lands to be purchased for converting |
same into orchards and berry farms, Or |
other agricultural purposes, to be in
Caddo parish, or such other parishes and |
places in the State of Louisiana as may |
be selected by the board of directors
The domicile of this corporation is
hereby fixed in Shreveport, Caddo Par
ish, Louisiana. Citation and all other
legal process shall be served upon the
president, Or in his absence at the office |
of the corporation. according to law.
ARTICLE III.
The capital stock of this corporation
Is hereby fixed at ten thousand dollars
($Io,ooo.oo), divided into one hundred |
shares of one hundred dollars ($Ioooo) |
each; and this corporation is authorized |
to begin business when three thousand
dollars ($3,ooo.oo) of said capital stock
shall have been subscribed and paid for
III cash, or its equivalent
All transfers of stock to be valid and
binding shall be made on the books of
The corporation, and no transfer of stock
shall be valid unless such stock be first
offered to the corporation, and the indi-
vidual stockholders thereof, at its then
market price, and the first option being
given them to buy at such price
y ARTI.LE ".
The corporate powers of this corpora
ion are hereby vested in board of di-
'ectors, consisting of three stockholders,
wo of whom shall constitute quorum
tor the transaction of business. The
board of directors shall be elected an
lual'y by ballot by the stockholders of
he corporation at regular meeting to
'e held on the first Monday of October
# each year, beginning in the year
oo7; and the directors shall elect the
'ther officers of the corporation.
Until such meeting shall be held and
heir successors there elected be quail
led, the board of directors shall be H.
). Norton, B. U. Jacob and B. D. Gray,
With H. S. Norton as president, B. U.
Jacob vice president, and B. D. GRAY
ecretary and treasurer {
The board of directors shall have au- /
hority to make all necessary regulations
nd bylaws for the conduct and govern
nent of the corporation, as we'll as to {
ppolnt such officers, agents and en- +
loyes as may be considered proper by
aid board
ARTICLE V.
At all meetings of stockholders, each c
hare of stock shall be entitled to one a
ote, to be cast in person by the holder t
r by proxy, and majority of votes +
asst shall elect. G
At all meetings of stockholders, ex- S
ept the regular annual meeting, shall
e notified to the stockholders by writ
IN or printed notice sent to the post
ftlce address of the stakeholder bv reg
stored mail at least ten days prior to \
UGH meeting
ARTICLE VI.
This act of incorporation NAV be
mended or altered ar the cornorat;on =