The Caucasian. (Shreveport, La.) 1900-192?, 1909-05-23
CHARTER
OF THE REID LAND COMPANY,
LIMITED.

notary public in and for Caddo Parish,
Louisiana, duly appointed, commissioned
and sworn, and in presence of R. D.
Webb and F. G. Thatcher, competent
witnesses, personally came and appeared
w. H. Polk, w. B. Winston and M.
R. Purnell, all residents of Caddo Parish
Louisiana, who declared that, aval1ing
themselves of the provisions Of the gen
oraI laws of the State of Louisiana and
of the provisions of Act No. sc 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 ].
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
porate 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 ali powers now or that
may hereafter be conferred by law upon
corporations, necessary or convenient to
promote its objects and interests.
ARTICLE II.
The dornicile of this corporation shall
be Shreveport, Caddo Parish, Louisiana,
and all citations and legal process shall
be served upon the president OF said
corporation, or in the case of his absence
on the ecretary-treasurer.
ARTICLE III
The purpose for which this corpora
ton is formed is declared to be as fol-
lows To hold, receive. purchase, &C
quire, lease, sell, convey, deliver, mort
gage and hypotheeate, under its eorpor-
ate name, both real and personal prop
eTty
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
be 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
directors composed of three stockhold-
ers, which board shall be elected an
nually on the first Monday in April of
zach year, beginning in the year 1910.
The board of directors shall annually
elect the president, vice president and
secretary treasures. The first board OF
directors is declared to be w. II. Polk,
w. B. Winston and NJ R. Purnel. with |
w. FL. Polk as president. w 3. Win |
ston as vice president, and M. K. Pur-
nell as secretary treasurer. The said /
board of directors shall serve until the
first Monday in April 1910, OF until their
successors are duly elected thereafter.
Ii 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 to
one vote to be cast by the owner there
Of, either in person or by proxy, and a
majority OF votes cast shall elect. Two
directors shall constitute quorum. No
tice Of such election shall be given each
stakeholder either in writing Of by pub
location ten days prior to said election.
The board OF directors may make all
such laws and regulations for the man
agenent of the business as they may
deem necessary, and change them at
pleasure. They shall have power to
contract debts, borrow money, issue bills
Of exchange, notes and drafts, execute
mortgages, and generally do all things
incident to the objects and purposes OF
the corporation.
ARTICLE vi.
This charter may be modified, changed
or altered. or said corporation dissolved
with consent of three-fourths IN amount