The Caucasian. (Shreveport, La.) 1900-192?, 1907-02-03
CHARTER
OF THE PINE ISLAND MERCAN-
TILE COMPANY, LIMITED.

Be ii known, that this day, before me.
T. T. Land, Notary Public IL and for
the Parish of Caddo and State OF LOUIS
lana, duly commissioned and quallned,
came, in the presence OF the witnesses
hereinafter undersigned, the several. PER
sons whose names are heTeunto sub
scribed, who declared that avaling them
selves OF the provisions OF Act No. 80 of
the General Assembly of the State OF
Louisiana approved June 20, 1888, and
Act No. % OF 1904, as we'll as those Of
the general laws of the State Of Louis
lana relative to the organization OF cor
porations, they have formed and do by
the presents form and organize them
selves into corporation for the objects
and purposes and under the stipulations
hereinafter set forth, which they do
hereby accept as their charter, towit:
ARTICLE l.
The name and title of this corpora
ton shall be PINE ISLAND MER-
CAMILLE COMPANY, LlMITED,'
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
Ihypothecate property, real and personal
and mixed; to name and appoint. such
managers, directors, officers and agents
as the interest of such corporation may
require and to make and establish such
bylaws, rules and regulations for the
corporation as may be necessary and
proper and the same to alter at pleasure.
ARTICLE H.
The domicile of this corporation shall
be iii the City OF Shreveport Caddo Par
ish, State of Louisiana, and all citations
and legal processes shall be served on
the president of the corporation, or i'll
his absence, at the office of the corpora
ton, according to Article 1913, Code OF
Practice of Louisiana
ARTICLE Ill
The purposes for which this corpora
ton is organized and the nature of the
business to be carried on by it, are de-
clared to be a general mercantile bust
ness and all business incident thereto.
ARTICLE ".
The capital stock of this corporation
is hereby fixed at the sum OF ten thous
and (SIo, 100000 dollars, to be divided
into one hundred (Ioo) shares OF one
hundred ($Ioo.oo) dollars per share, and
the corporation may begin business
when three thousand ($3,oooool dollars
of the stock is subscribed. The stock
shall be paid for in cash, or 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 V
All the corporate powers Of this cor
POI dliOll SlldiI DC hNSlStl III q Do1lh VI
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 i'll January 1908.
The first board of directors is declared
to be Louis Heilperln, president; u, u.
Nesbitt, 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
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 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-
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
cident 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
fer or dissolution shall be called by no
tlce in a Shreveport paper as aforesaid
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