The Caucasian. (Shreveport, La.) 1900-192?, 1909-07-29
CHARTER
OF THE PHELPS INVESTMENT
COMPANY.

| tile OtdlS dlIQ I dllSn dAOlSS 0uAJ
commissioned and sworn, came and ap-
peared the parties whose names are
hereunto signed, who declared that,
ayailing 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
peration for the objects and purposes
hereinafter set forth, to-wit:
ARTICLE 1.
| 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
Iabove mentioned, this corporation shall
have power to contract, sue and be sued,
purchase, hold, hypothecate. sell and to
ALLEVIATE property, real and personal and
mixed; to name and appoint all officers
AMI agents that he interests of the cor
poration may require, and to make and
establish all necessary laws, rules and
Regulations, and to alter and change
same at pleasure.
i ARTICLE III.
/ The corporate powers of this corpor-
alton are hereby vested in board OF
directors, to consist of three directors,
two of whom shall constitute quorum
for the transaction of business. All di-
rectors shall be elected annually on the
| first Msnday of January of each year
beginning January 1910, and they shall
hold Office for one year or until theil
successors shall be elected and qualified
All officers of the corporation shall bt
, elected by the directors out OF then
Z number and shall consist of the prest
Edent, vice president and secretary-tseas
!. Iurer. The first board of directors
which shall hold office until their sue
Ecessors are elected and qualified, ar
thereby declared to be Emanuel Phelps
|, Bernard Sokolosl1i and Benjamin A
Phelps, with E. Phelps as president, 3
Sokoloski as vice president, and B. A
Phelps as secretary-treasurer. All va
Icancies in the board of directors sfal
! lbe filled by the board.
ARTICLE ".
The capital stock of this corperatio
d lis hereby fixed at the sum of fit
i thousand dollars, divided into FIVE hur
i, bred shares of one hundred dollar
d each, TO be paid for in cash or in prop
r erty at the discretion of the board c
: directors. This corporation shall con
If mence business and become going cor
,r Germ whenever ten thousand dollars
lie 1.-THE capital stock shall have been sui
IN scribed and paid for in full, and tn
corporation shall have and enjoy co
porate existence for period of ninet
; nine years from the date hereof.
i ARTICLE v.
r. This act of incorporation may
d. amended or modified, or the corporate
pit Imay be dissolved by vote of two-thir'
ut of the stock present at special meetil
40 called for such purpose, after not
hit has been given by REGISTERED mail t
p- days previous, in which the object al
Ie- purpose of the meeting shall have be
he stated. Whenever this corporate
he shall be dissolved, by limitation or OF
n erwise, its affairs shall be settled by t
o. board of commissioners. consisting
all two liquidators, selected by major
of Iof the stock present at meeting call
to for such purpose. In case of the de-
IN or inability of either one of the CO
70. missioners to act, the other shall act
!. sole iiquidatcr.
IN. ARTICLE VI.
No stakeholder shall ever be n
liable or responsible for any of the c.
ted Tracts or faults of this corporation
"a any greater sum than the unpaid balai
lffi- due on his stock as subscribed; nor 81
by any informally in organization h
est the effect of rendering this charter
5I7, or of exposing any stakeholder to
of lloss beyond the amount of his cap
'hip stock.
rid This done and signed in my Office
in the presence of Sara w. Pearce ane
ews A. Thigpen, competent witnesses
cad this the 18th day of June 1909.
said E. PHELPS.
c0YnT OCYT