The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1908-10-22
CHARTER
North Louisiana Construction
Company, Limited.


North Louisiana Construction
Company, Limited.
State Of Louisiana, BE 1T KNOWN,
Parrish Of Booster. That on this, the
23d day of September, 1908, before me,
B. A. Kelly, Clerk and ex-officio Notary
Public in and for the Parish of Bossier,
State of Louisiana, duly commissioned
and qualified, and in the presence of the
witnesses hereinafter named and under
signed, personally came and appeared
the several persons whose names are
hereunto subscribed, who declared that
availing themselves of the provisions Of
the laws of the State of Louisiana rela-
tive to the organization of corporations,
they have formed and organized them
selves, and such other persons as may
hereinafter join with them, and their
successors, into body polite in law for
the objects and purposes, and under the
covenants, stipulations and agreements
following, which they hereby adopt as
their charter, to-wit:
ARTICLEI.
The name and title of this corporation
shall be "North Louisiana Construction
Company, Limited" and by that name
said corporation shall have power and
authority to have and enjoy succession
for the full term and period of twenty
five years from and after date hereof; to
contract, sue and be sued; to hold and
receive, purchase and convey, as well as
mortgage, bond and hypothecate prop
erty, both real, personal and mixed; to
make and appoint such managers, di-
rectors and officers as the interests and
convenience of said corporation may
require, and to make and establish such
bylaws, rules and regulations of the
affairs of said corporation as may be
necessary and proper, and the same to
change and alter at pleasure.
ARTICLE II.
The domicile of this corporation shall
be in the town of Benton, Parish OF
Bossier, State of Louisiana, and all cita-
tons and other legal processes shall be
served on the President of this corpora
ton, and, in the event of his absence,
upon the Secretary Treasurer thereof,
and in the absence of both OF the above
named officers, upon any person duly
authorized by the Board of Directors to
accept service or process.
ARTICLE III.
The purposes for which this corpora
ton is established and the nature OF the
business to be carried on by it are de-
clared to be: The construction OF dirt
works, such as building levees, roads.
grading streets, railroads and any other
| xuorlx o. lilo not,po
! ARTICLE ~.
The capital stock of this corporation is
hereby fixed at the sum of Fifty Thou
sand Dollars ($50,0OO) divided into Five
Hundred (5OO) shares of the par value Of
One Hundred Dollars ($t0O) each, Sale
stock may be paid for in cash or in prop.
erty, labor or services, made over to OF
rendered to said company, cash SUBJ
scriptions to be paid for in such amounts
and at such times as the Board of Di.
rectors may prescribe. All shares O.
stock shall be full paid and nonassess'
able, and transfers of stock shall not b.
binding upon the company unless re-
corded upon its books. This corporation
is to be going concern as soon as nv
thousand dollars ($5 ,OOO) of the capita
stock has been subscribed for. II an!
stakeholder shall ever desire to sell hi
stock in this corporation he shall frs
give written notice of such intention t.
both this corporation and the stock
holders thereof for the full term of thirt,
days, giving notice of his intention t.
sell such shares of stock, and it after tn
corporation, or the shareholders thereof
or any OF them, do not purchase the sail
shares thus offered at the bona fd
prices obtainable elsewhere, then tn
said shareholder offering to sell sal
shares shall have the right to sell sal
shares as he sees fit and to whomsoeve
he sees fit.
ARTICLE
All the powers Of this corporation, ex
cept such as are specially herein veste
in the President, shall be exercised an
performed by Board of Directors to b
composed of three stockholders, any tw
of whom shall constitute a quorum TO
the transaction of the business of thi
corporation. The Board of Director
shall be composed of the followin,
officers, namely: The President, tn
} Vice President and one stakeholder
The first Board of Directors shall be a
follows: w. E. Ivey, as President
w. H. North, as Vice-President an
Manager, and A. G. Slagill, as Superin
tendent and Assistant Manager. Tn
Secretary Treasurer of this corporation
is hereby declared to be Norwood M
Belcher. He shall hold office until tn
next Board of Directors shall elect hi
successor.
} The said Board of Directors an
officers shall hold Office until the thir
Monday in August, 1909. The Board O
Directors and officers shall be electe
; annually, on the third Monday il
August, 1909, and on each third Monda
in August thereafter, after ten days
. notice addressed to each stakeholder i
writing. All directors shall hold, offic
until their, successors are elected an
qualified. All such elections shall b
by ballot and shall be conducted at tn
office of this corporation, under tn
supervision of three commissioners ap
pointed by the President. Each stock
holder shall have one vote for each shar
of stock standing in his name on tn
books of this corporation, to be cast il
person or by proxy, and majority o
votes cast shall elect. Any vacanc
occurring among the directors by death
resignation, or otherwise, shall bs file
by election for the remainder of the terri
of Office of the Board of Directors by tn
remaining directors. A failure to cleo