The Caucasian., 1909-09-07
CHARTER
OF THE BUCKELEW HARDWARE
COMPANY.


appeared w. F. Buckelew, w. c. Buck |
elew, A. c. Buckelew and W. L. An
dreola. all residents of above Parish and
State, who declared that availing them
selves of the provisions of the laws OF
the State of Louisiana relative to the
organization of corporations, and espe-
cially Act No. 78 of 1904 of the Gen
eral Assembly of the State of Louis
lana, they do hereby form and consti-
tute themselves, associates and success
ors into corporation for the objects
and purposes hereinafter set forth, to-
wit:
ARTICLE I.
The name and style of this corpora
ton shall be BUCKELEW HARD
WARE COMPANY, and its domicile
is hereby fixed in the City of Shreve-
port, Caddo Parish, Louisiana, where all
legal process shall be served on the
president, or in case of his absence or
disability, upon the vice president, or
secretary, OI llCdoulCl'
ARTICLE H..
Tn object for which this corporation
is organized and the nature of the busi-
ness to be carried on by it is hereby de-
clared to be to carry on general
wholesale and retail hardware business
in all its branches, and in the conduct
of said business to acquire property,
both real and personal, and to construct
or lease or otherwise acquire such
buildings or other property necessary
for the proper and advantageous con-
duct of said business.
ARTICLE III.
This corporation shall have the power
| to contract, sue and be sued; to make
and use a corporate seal and the same
to alter or break at pleasure to hold,
receive, purchase, improve, alienate,
pledge, mortgage and hypothecate prop
erty under its corporate name in the
conduct of its business, and to make
and establish such rules and regulations
for the proper management of its at
fairs as it may deem necessary, and the
same to alter at pleasure; and to enjoy
all other privileges and immunities
given by law to corporations organized
for similar purposes.
ARTICLE ".
The capital stock of this corporation
/ is hereby fixed at fifty thousand dollars.
divided into shares of one hundred dol
lars each, which shall be paid for at the
time of its issuance, and said stock may
be issued for money, goods, property,
or for services performed, as the board
of directors may determine. No stock
holder shall sell or transfer his stock
in this company until after ten days
notice, in writing, to the president or
other officers, during which time the
other stockholders shall have the right
to purchase said stock, and all transfers
of stock. shall be made on the books of
the company, at its office. The said cor
lporation shall commence business as
soon as thirty thousand dollars capital
stock sholl be subscribed and paid for.
ARTICLE v.
The affairs of this corporation shall
be managed by a board of directors
composed of four stockholders, three
of whom shall constitute quorum, to
be elected at general meeting of the
stockholders to be held on the first
Monday of June 1910, and annually
thereafter, all directors and officers
Iholding Office until their successors are
elected and installed. Each share OF
stock shall be entitled to one vote at
stockholders meetings, cast by its owner
lin person or by written proxy, and the
majority of votoes cast shall elect.
ARTICLE VI.
This charter may be amended or
modified at a special meeting called for
that purpose, or the corporation may be
dissolved at said meeting by vote Of
three fourths of the stock present OF
represented therein. Notice of all stock
holders meetings, with exception Of
those called for purpose of increasing
or decreasing the capital stock. shall be
given to all stockholders in writing, al
least ten days previous to said meeting
the said notice stating the object and
purpose for which the meeting is called
Whenever this corporation shall b.
dissolced by limitation or otherwise, its
affairs shall be wound up By two com
missioners selected by the majority Of
the stock present at meeting called for
the purpose of dissolving this corpora
| ton, as set forth above In case of the
death or inability of either of the com
missioners to act, the other shall act as
sole liquidator.
i ARTICLE VII.
i The officers of this corporation shall
be as follows. W. F. Buckelew, presi-
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