The Caucasian. (Shreveport, La.) 1900-192?, 1909-12-26
CHARTER
OF THE PAUL HOPE COMPANY


State of Louisiana, Parish of Caddo
Be it remembered, that on this the 10th
| dav of December A. D. 1909, before me,
Leon R. Smith, a notary public in and
for Caddo Parish, Louisiana, duly
| commissioned and qualified, and in the
| presence of the witnesses hereinafter
named and undersigned, personally
came and appeared the persons whose
| names are hereunto subscribed, who
severaIly declared that availing them
selves of the laws of the State of Louis
lana relative to the formation of cor
porations, and especially Act No. 78 of
the General Assembly of the State Of
Louisiana for the year 1904, they have
| formed themselves, their associates and
successors into a corporation for the OBJ
| jects and purposes and under the agree
ments and stipulations hereinafter set
forth, which they adopt as their charter.
/ ARTICLE I.
ne ndlIle Oh tIllS SOl pOId AlOl SLdIl O0
the PAUL HOPE COMPANY, with
its domicile in the City of Shreveport,
Caddo Parish, State of Louisiana, and
under its said corporate name it shall
have and enjoy succession for period
of fifty (5o) years, unless sooner dis
solved as hereinafter specified. All legal
process shall be served on the presi-
dent, or in his absence at the Office of
the company, according to law.
ARTICLE II.
The object and purposes for which
this corporation is formed are hereby
declared to be to buy, sell and improve
real estate, and to purchase and sell
, mortgage notes and commercial paper.
and to borrow and loan money, and to
do all things connected with or apper-
tanning to such business.
ARTICLE III.
This corporation shall have power to
contract, sue and to be sued; to make
and use a corporate seal and the same
to alter at pleasure; to hold, receive,
purchase, improve, ALLEVIATE, convey, sell,
borrow, pledge, mortgage and hypoth-
ecate under the corporate name, all
kinds of property, and to make and es-
tablish such rules and regulations for
the proper management of the affairs
as it may deem necessary, and the same
to alter or change at pleasure; and tc
: enjoy all other privileges and im1nuni-
: ties given by the laws of the State Of
:, Louisiana to corporations organized fo1
D similar purposes.
ARTICLE ".
The capital stock of this corporation
is hereby fixed at the sum of FIVE thous-
: and ($5,ooooo) dollars, divided into fif
ty ESQ., shares of one hundred ($Ioo)
: dollars each, payable at the time of it:
issuance, in cash. This corporation
: shall commence business as soon as five
thousand ($5,ooo.oQ) dollars shall hav'
{: been subscribed and paid.
: ARTICLE v.
e The corporate powers of the corpor
$ alton shall be vested in board of di
n rectors composed of three 80 stock
s holders, who shall be elected annually
on the first Monday in December. TIT
first board OF directors is declared tt
: be H. Key, E. Key and R L. Heard
who shall serve until their successor
are chosen. Two (2) members shall
constitute quorum of the board of di
: rectoTs for the transaction of business
!: The officers Of this corporation shall b,
a president, vice president and, treasure
o and a secretary, and the first of salt
It officers are declared to be H. Key, pres
: ident; f. Key, vice president and treas
+ urer, and R. l. Heard, secretary, ant
e they shall serve until their successor
0 are chosen, and said officers shall b
), elected annually on the first Monday il
t December A majority of the stool
n present shall elect the directors, and ii
all elections or proceedings of stock
c holders, each share of stock present o.
T represented by written proxy shall b
$ entitled to one Il vote Notice of al
d meetings of stockholders shall be ad
J. vertised ten (Io) days in daily news
paper when required by law. Failure tt
:. hold an election for directors on tn,
day named shall not dissolve the cor
poration, but the incumbent Director
: shall hold over until their successor
!: are duly elected and qualified. Any va
I. cancy in the board of directors shall b
filled by the remaining directors.
ARTICLE VI.
This charter may be amended, or thil
) corporation may be dissolved at gen
: erd meeting Of the stockholders, con.
vened for that purpose. after due anc
Illegal notice. as required BY the laws o.
the State Of Louisiana, on vote o
daree-fourths t3-4) OF the entire cap
i4sa a4ork rf thta enrnnration ard wher