The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1908-10-01
CHARTER
North Louisiana Construction
Company, Limited.

North Louisiana Construction
Company, Limited.
State of Louisiana, BE IT KNOWN,
Purish of Bossier. 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, d.
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
Bessier, State of Louisiana, and all cita-
tions and ether 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 Ill.
The purposes for which this corpora
ton is established and the nature of the
business to be carried on by it are de-
elafed to be: The construction of dirt
works, such as building leVees, roads,
grading streets, railroads and any other
work of like nature, etc,
ARTICLE ",
The capital stock Of this corporation is
hereby fixed at the sum of Fifty Thou
sand Dollars lS51, O00l divided into Five
Hundred 5000 shares of the par value OF
One Hundred Dollars ($16O) each. Said
stock may be paid for in cash or in prop
erty, labor or services, made over to or
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 OF
stock shall be full paid and nonassess-
able, and transfers OF stock shall not be
binding upon the company unless re-
corded upon its books. This corporation
is to be a going concern as soon as five
thousand dollars ($5, 0OO) of the capital
stock has been subscribed for. II any
stakeholder shall ever desire to sell his
stock in this corporation he shall first
give written notice of such intention to
both this corporation and the stock
holders thereof for the full term of thirty
days, giving notice of his intention to
sell such shares of stock, and if after the
lapse of said thirty days. notice, this
corporation, or the shareholders thereof
or any OF them, do not purchase the said
shares thus offered at the bona fide
prices obtainable elsewhere, then the
said shareholder offering to sell said
shares shall have the right to sell said
shares as he sees fit and to whomsoevel
he sees fit.
ARTICLE v.
All the powers of this corporation, ex-
cept such as are specially herein vested
in the President, shall be exercised and
performed by Board of Directors to be
composed of three stockholders, any two
of whom shall constitute quorum fol
the transaction of the business of this
corporation. The Board of Directors
shall be composed of the following
officers, namely: The President, the
Vice President and one stakeholder
| The first Board of Directors shall be as
follows: w. E. Ivey, as President;
w. H. North, as Vice-President and
Manager, and A. G.. Slagill, as Superin-
tendent and Assistant Manager. The
Secretary Treasurer of this corporation
is hereby declared to be Norwood M
Belcher. He shall hold Office until the
next Board of Directors shall elect his
successor.
The said Board of Directors ant
officers shall hold Office until the thirc
Monday in August, 1909. The Board o.
Directors and officers shall be elected
annually, on the third Monday il
August, 1909, and on each third Monday
in August thereafter, after a ten days
notice addressed to each stakeholder ir
writing. All directors shall hold Office
until their successors are elected ant
qualified. All such elections shall be
by ballot and shall be conducted at the
Office of this corporation, under the
supervision of three commissioners ap-
pointed by the President. Each stock.
holder shall have one vote for each share
of stock standing In his name on the
books of this corporation, to be cast il
person or by proxy, and majority O
votes cast shall elect. Any vacancy
occurring among the directors by death
resignation, or otherwise, shall be filled
by election for the remainder of the tern
of Office of the Board of Directors by thu
remaining directors. A failure to cleo
directors on the date fixed above for tn,
election of directors shall not dissolve
this corporation, but the Board of Di
rectors and officers then in Office shall
hold Office until their successors arr
elected and qualified. Each director