The Caucasian. (Shreveport, La.) 1900-192?, 1909-04-25
CHARTER
OF THE REID LAND COMPANY,
LIMITED

State of Louisiana. Parish of Caddo .
BE 1t known. that on this the 9th day of
April 1000 before me, F. NJ Welsh, a
notary public in and for Caddo Parish.
Louisiana, duly appointed. commissioned
and sworn. and in presence of K. d.
Webb and F. g. Thatcher. competent
witnesses. per sonally came aud appeared
W. II. Polk. W. B. Winston and M.
K. Purnell. all residents of Caddo Parisl,
Louisiana. who declared that availng
themselves of the provisions of the gen-
eral laws Of the State of Louisiana and
OF the provisions of Act No 80 of the
Acts Of the Legislature of Louisiana.
approved June 20. 1873. relative to the
formation Of corporations, they do by
these presents form and organize them
selves INTO a corporation and body polite
in law. for The objects and purposes and
under the stIr,,et,ions and conditions
hereinafter set forth
ARTICLE /.
/ he name and title of said corporation
shall he REID LAND COMPANY,
LIN | ED. and by that corporate name
1t shall have succession for a 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 i corporate seal and break and alter
the same at pleasure: to hold, receive.
lease. purchase and convey. as well as
mortgage and hvpothecate under its cor
pora,e name. property. both real and
personal: 10 name and appoint such
directors. officers and agents
as the necessity or convenience of such
may require, and to make
and establish such bylaws. rules and
regulations fer the proper management
Of the affairs nf 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
promote its objects and interests.
ARTICLE II.
The domicile 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: 10 hold, receive, purchase, &C
q,lire, lease. sell. convey, deliver. mort
gage and hypothecate. under its corpor-
ate name, both real and personal prop
erty.
ARTICLE ".
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
re paid for III cash or property when
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 !!
1oration shall be vested in board of :,
tirtctor composed Of three stockhold
r.. which board shall be elected an
1ually on the first Monday in April of
each year, beginning III the year 1910.
The board of directors shall annually
elect the president, vice president and i
The first board of
directors is declared to be W. H. Polk,
". B. Winston and M. r. Purnell, with
W. H. Polk as president, w. B. Win
'ton as vice president, and NJ. r. Pur-
Tell as secretary-treasurer The said
board of directors shall serve until the
irst Monday i'll April 1910, OF until their
successors are duly elected thereafter.
n the event Of the death or resignation
# any director, the remaining members
IF member shall have the power to fill
he vacancy or vacancies
The directors at the annual election
hall be elected by the stockholders.
Each share of stock shall be entitled to
me vote to be cast by the owner there
IT, either in person or by proxy, arid a
majority Of votes cast shall elect. two
directors shall constitute quorum. No
ice Of such election shall be given each
either in writing or by pub
icatios ten days prior to said election.
The board of directors may make all
UGH laws and regulations for the man.
lgenent of the business as they may
leem necessary, and change them at
pleasure They shall have power to
ontract debts, borrow money, issue bills
# exchange. notes and drafts, execute
mortgages. and generally do all things
Incident to the objects and purposes of
he corporation.