The Caucasian. (Shreveport, La.) 1900-192?, 1909-07-20
CHARTER
OF THE PHELPS INVESTMENT
COMPANY.

S. l. Herold, notary public in and for
the State and Parish aforesaid, duly
commissioned and sworn, came and ap-
lpeared the parties whose names are
hereunto signed, who declared that,
availing 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 a cor
poration for the objects and purposes
hereinafter set forth, to-wit:
ARTICLE I.
The name and style of this corpora
ton is hereby declared to be PHEL1S
INVESTMENT COMPANY, and its
domicile is fixed in the City of Shreve-
port Caddo Parish, Louisiana, whSe
all citation and all other legal Epcess
shall be served upon the proper Office
as provided by law.
| ARTICLEfn.
i The objects and purposes @ thh co..
poration are hereby declared 60 be %
buy, sell, hold, own and lease pSopesssI
of any description,Veo build eouses anu
lease or sell same, to loan money on Che
security of mortgages on real estate or
otherwise, and in general to do all anu
any things necessary or incident % he
purposes set forth. And to the sn8l
above mentioned, this corporation shall
have power to contract sue and be sued,
purchase, hold, hypothecate, sell and .
ALLEVIATE property, real and personal and
mixed; to name and appoint all officers
anil agents that he interests of the cor
poration may require, and to make and
establish all necessary laws, rules anal
regulations, and to alter and change
same at pleasure.
ARTICLE III.
The corporate powers of this corpor-
alton are hereby vested in a board of
directors, to consist of three directors,
two of whom shall constitute a 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 their
successors shall be elected and qualified.
All officers of the corporation shall be
elected by the directors out of their
number and shall consist of the presi-
i: dent, vice president and secretary-treas-
urer. The first board of directors,
which shall hold Office until their sue
cessors are elected and qualified, are
hereby declared to be: Emanuel Phelps,
Bernard Sokoloslsi and Benjamin A.
Phelps, with E. Phelps as president, B.
Sokoloski as vice president, and B. A.
Phelps as secretary-treasurer. All va
cancies in the board of directors shall
be filled by the board.
article ".
The capital stock of this corporation
is hereby fixed at the sum of nifty
thousand dollars, divided into FIVE hum
dred shares of one hundred dollars
each, to be paid for in cash or in prop
erty at the discretion of the board OF
directors. This corporation shall COM
mence business and become going con-
lcern whenever ten thousand dollars OF
the capital stock shall have been sub
scribed and paid for in full, and this
S. corporation shall have and enjoy cor
porate existence for period of ninety
r. nine years from the date hereof.
ARTICLE v.
This act of incorporation may be
amended or modified, or the corporation
may be dissolved by a vote of two-third:
s. of the stock present at special meeting
s. called for such purpose, after notice
er has been given by REGISTERED mail ter
days previous, in which the object ant
10 purpose of the meeting shall have beef
n stated. Whenever this corporation
st shall be dissolved, by limitation or 9th
h erwise, its affairs shall be settled by tn
er board of commissioners, consisting
G two iiquidators, selected by majorit
Mt of the stock present at meeting Gale
r for such purpose. In case of the deaf
RS or inability OF either one OF the com
missioners to act, the other shall act a
sole liquidator.
ARTICLE vi.
70 No stockholder shall ever be hel
as liable or responsible for any of the cor
q. tracts Or faults of this corporation
g any greater sum than the unpaid balane
re- due on his stock as subscribed; nor sha
re- any informally in organization hay
8s the effect of rendering this charter nu
ar or of exposing any stakeholder to ar
ial loss beyond the amount of his capt.
a.. stock.
ok This done and signed in my Office
lido the presence of Sara w. Pearce and
Id A. Thigpen, competent witnesses, {
lso this the I4th day of June 1909.