The Caucasian. (Shreveport, La.) 1900-192?, 1907-02-21
CHARTER
OF THE PINE ISLAND MERCAN-
TILE COMPANY, LIMITED.

Be it known, that this day, before me,
D. T. Land, Notary Public in and for
The Parish of Caddo and State of Louis
lana, duly commissioned and qualified,
came, i'll the presence of the witnesses
hereinafter undersigned, the several per-
sons whose names are hereunto sub
,cribed, who declared that availing them
| selves of the provisions of Act No. sc of
| the General Assembly of the State of
Louisiana, approved June 20, 1888, and
Act No 70 of 1904, as well as those Of
he general laws of the State of Louis
1lana relative to the organization of cor
)orations, they have formed and do by
he presents form and organize them
selves into a corporation for the objects
md purposes and uEder the stpulations
hereinafter set forth, which they do
hereby accept as their charter, to-wit:
ARTICLE I.
The name and title of this corpora
ion shall be PINE ISLAND MER-
CAMILLE COMPANY, LIMITED"
Of Shreveport, Louisiana 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 well as mortgage and
hypothecate property, real and personal
and mixed; to name and appoint such
managers, directors, officers and agents
IS the interest of such corporation may
require, and to make and establish such
bylaws, rHles 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
,e in the City of Shreveport, Caddo Par
sh, State of Louisiana, and all citations
md legal processes shall be served on
the president of the corporation, or in
lis absence, at the Office of the corpora
ion, according to Article 1913, Code OF
Practice of Louisiana.
ARTICLE III.
The purposes for which this corpora
ion is organized and the nature of the
business to be carried on by it, are de-
CARED to be a general mercantile bust
less and all business incident thereto.
ARTICLE ".
The capital stock of this corporation
IS hereby fixed at the sum of ten thous-
and ($Io,ooooo) dollars, to be divided
into one hundred (1oo) shares of one
hundred ($Ioo.oo) dollars per share, and
the corporation may begin business
when three thousand ($3,ooooo) dollars
of the stock is subscribed The stock
shall be paid for in cash, or its eq,,iva-
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 V.
All the corporate powers of this cor
poratlon shall be vested in a board of
directors, to be composed of three 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; G. G.
Nesbltt, vice president, and Ike Muslow
secretary and treasurer This said board
IS TO serve until the third Monday in
January 1908, as aforesaid. or until their
successors are duly elected thereafter,
and such new board shall elect its pres
ldent 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 majority
of votes shall elect. Three Cd directors
shall constitute quorum. The president
may appoint from time to time, and dis
miss, such clerks, agents and other en-