The Caucasian. (Shreveport, La.) 1900-192?, 1909-04-20
CHARTER
OF THE REID LAND COMPANY,
LIMITED.

State Of Louisiana, Parish of Caddo ::
Be it known, that on this the 9Th day Of
April 1909. before me, P. NJ. Welsh, a
notary public in and for Caddo Parish,
Louisiana, duly appointed, commissioned
and sworn, and in presence of r. d.
Webb and F. q. Thatcher, competent
witnesses, personally came and appeared
W. II. Polk, w. B. Winston and M.
K. Purnell, all residents of Caddo Parish
Louisiana, who declared that, availing
themselves OF the provisions of the gen.
eral laws of the State of Louisiana and
of the provisions of Act No. SO of the
Acts Of the Legislature of Louisiana,
approved June 20. 1888, relative to the
formation of corporations, they do by
these presents form and organize them
selves into corporation and body polite
in law, for the objects and purposes and
under the stipulations and conditions
hereinafter set forth.
ARTICLE l.
The name and title Of said corporation
shall be REID LAND COMPANY,
LIMITED, and by that corporate name
it shall have succession for period Of
twenty FIVE years from and after the
date hereof, and shall have power to
contract, sue and be sued, to make and
use corporate seal, and break and alter
the same at pleasure; to hold, receive,
lease, purchase and convey. as well as
mortgage and hypothecate under its cor
poratc name, property, both real and
personal; to name and appoint such
managers, directors, officers and agents
as the necessity or convenience of such
corporation may require, and to make
and establish such bylaws, rules and
regulations for the proper management
Of the affairs Of the corporation as may
be necessary and proper. and the same
to change or alter at pleasure. and gen
orally to possess all powers now or that
may hereafter be conferred by law upon
necessary or convenient to
promote its objects and interests.
ARTICLE IL.
The domicilc of this corporation shall
be Shreveport. Caddo Parish, Louisiana,
and all citations and legal process shall
be served upon the president of said
or in the case of his absence
on the secretary-treasurer.
ARTICLE III.
The purpose for which this corpora
ton is formed is declared to be as fol-
lows: To hold, receive, purchase, ae-
quire, lease, sell, convey, deliver. mort
gage and hypothecate, under its corpor-
ate name, both real and personal prop
erty.
ARTICLE w.
The capital stock of said corporation
is hereby fixed at ten thousand dollars.
divided into one hundred shares of one
hundred dollars, each. The stock shall
he paid for in cash or property when
subscribed for, and this corporation may
commence business when 5000 Of the
capital stock has been subscribed and
paid for.
ARTICLE V.
All the corporate powers OF said cor
poration shall be vested in board OF
oirt ctors composed of three stockhold-
cr,. which board shall be elected an
nually on the first Monday in April OF
each year, beginning in the year 1910.
The board of directors shall annually
elect the president, vice president and
secretary-treasurer. The, first board Of
directors is declared to be w. H. Polk,
w. B. Winston and M. K. Purnell, with
w. H. Polk as president. w. B. Win
ston as vice president, and M. r. Pur-
nell as secretary-treasurer.. The said
board of directors shall serve until the
first Monday in April 1910. or until their
successors are duly elected thereafter.
In the event of the death Or resignation
of any director, the remaining members
or member shall have the power to fill
the vacancy or vacancies.
The directors at the annual election
shall be elected by the stockholders
Each share of stock shall be entitled tc
one vote to be cast by the owner there.
of, either in person or by proxy, and
majority of votes cast shall elect. Two
directors shall constitute quorum. No
tice Of such election shall be given eacf
stakeholder either in writing or by pub
lication ten days prior to said election
The board of directors may make al
such laws and regulations for the man
agement of the business IS they ma,
deem necessary, and change them a
pleasure. They shall have power tt
contract debts, borrow money, issue bill!
of exchange, notes and drafts, execute
mortgages. and generally do all thing
incident to the objects and purposes o
the corporation