The Caucasian. (Shreveport, La.) 1900-192?, 1909-04-22
CHARTER
OF THE REID LAND COMPANY
LIMITED

State of Louisiana, Parish of Caddo
be 1t 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. G. Thatcher, competent
witnesses, personally came and appeared
W. ii. Polk, W. B. Winston and NJ.
X. Purnell, all residents of Caddo Parish
LOUISIANA, who declared that, availine
themselves of the provisions of the gen.
eral laws of the State of Louisiana and
of the provisions of Act No. 60 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 we'll 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 all powers now or that
may hereafter be conferred by law upon
corporations, necessary or convenient to
promote its objects and interests.
ARTICLE IL.
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
corporation, 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, &C
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 $1,000 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-
- ehn11 hsa Q1oSfod n
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,
wv. B. Winston and M. r. Purnell, with
Nv. H. Polk as president, w. B. VIM
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 Of 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 or by pub
licatios ten days prior to said election.
The board of directors may make all
such laws and regulations for the man
arement 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.