The Caucasian. (Shreveport, La.) 1900-192?, 1909-07-25

lhereunto signed, who declared that,
awaiting themselves of the provisions OF
the. laws of Louisiana relative to or
ganization of corporations, they do here.
by form and constitute themselves, their:
associates and successors, into cor
poration for the objects and purposes
hereinafter set forth, to-wit:
ARTICLE l.
The name and style of this corpora
ton is hereby declared to be PHELPS
INVESTMENT COMPANY, and its
domicile is fixed in the City of Shreve-
port, Caddo Parish, Louisiana, where
all citation and all other legal process
shall be served upon the proper officer,
as provided by law.
ARTICLE II.
The objects and purposes of this cor
poration are hereby declared to be to
buy, sell, hold, own and lease property
!, of any description, to build houses and
lease or sell same, to loan money on the
security of mortgages on real estate or
otherwise, and in general to do all and
any things necessary or incident to the
purposes set forth And to the end
above mentioned, this corporation shall
have power to contract, sue and be sued
purchase, hold, hypothecate. sell and tc
ALLEVIATE property, real and personal and
mixed to name and appoint all officers
anil agents that he interests of the cor
poration may require, and to make anc
establish all necessary laws, rules a1d
E regulations, and to alter and change
same at pleasure.
ARTICLE III.
The corporate powers of this corpor'
alton are hereby vested in board O.
directors, to consist of three directors
two of whom shall constitute quorum
for the transaction Of business. All di
z rectors shall be elected annually on TIL
first Monday of January of each year
beginning January 1910, and they shaI
hold office for one year or until thief
successors shall be elected and qualified
q Ali officers of the corporation shall b.
i elected by the directors out of thei
, number and shall consist of the presi
q dent, vice president and secretary-treas
r urer. The first board of directors
! which shall hold Office until their sue
4 cessors are elected and qualified. ar
II hereby declared to be: Emanuel Phelps
le Bernard SokolosIsi and Benjamin A
n Phelps, with E. Phelps as president, E
Sokoloski as wise president, and B. A
l. Phelps as secretary -treasrrer. All va
E. Icancies in the board of directors shal
i, Ebe filled by the board e
r. l ARTICLE ".
i The capital stock of this corperatio
y lis hereby fixed at the sum of fit
y Thousand dollars, divided into FIVE hun
y dred shares of one hundred dollar
NJ each, to be paid for in cash or in prop
p Ierty at the discretion Of the board c
e directors. This corporation shall con
e mence business and become a going cor
e Germ whenever ten thousand dollars {
3 the capital stock shall have been sui
% scribed and paid for in full, and tn
u corporation shall have and enjoy COZ
u porate existence for a period Of ninet.
o nine years from the date hereof.
! all@ ARTICLE ".
This act of incorporation may |
4 amended or modified, or the corporate
n1ay be dissolved by a vote Of two-thirt
of the stock present at a special neetir
81 called for such purpose, after noti'
= has been given by. REGISTERED mail t.
Z days previous, in which the object al
Z purpose of, the meeting shall have bee
" stated Whenever this corporate
= shall be dissolved, by limitation or OF
z, erwise, its affairs shall be settled by Il
- board of commissioners, consisting
x two 1iquidators, selected by a MAORI
: of the stock present at a meeting Gale
- for such purpose. In case Of the deat
3 Tor inability of either one of the cor
: missioners to act, the other shall act
! sole liquidatcr.
- ARTICLE VI.
ne No stakeholder shall ever be he
e. liable OF responsible for any Of the CO.
if tracts or faults of this corporation
any greater sum than the unpaid balan
p- due on his stock as subscribed; nor shs
til any infornality in organization ha'
Ii the effect of rendering this charter n,
an or Of exposing any stakeholder to al
nd loss beyond the amount Of his capt
by stock
& This done and signed in my Office
1.-THE presence of Sara w. Pearce and
er. "a Thigpen, competent witnesses, (
this the 18th day of June 1909.
06 6sHa E. PHELPS.
If B. SOKOLOSK.
Il