The Caucasian. (Shreveport, La.) 1900-192?, 1909-07-22
CHARTER
OF THE PHELPS INVESTMENT
COMPANY.

| Be 1t krTesEn, that this DAY, before me
S. l. Herold, notary public in and fol
the State and Parish aforesaid, duly
commissioned and sworn, came and ap-
peared 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 PHEPS
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 lshc9
as provided by law.
ARTICLE II.
The objects and purposes oAthis cor
poration are hereby declared % be to
buy, sell, hold, own and lease propef
of any description, to build houses and
lease or sell same, to loan money onGhe
security of mortgages on real estate o.
otherwise, and in general 3 DO all and
any things necessary or incident Go Che
purposes set forth. And % che enc
above mentioned, this corporation shall
have power to contract, sue and be sued,
purchase, hold, hypothecate, seh ana %
ALLEVIATE property, real and persona ana
mixed; to name and appoint al officers
AMI agents that he interests of Me cor
poration may require, and % make ana
establish all necessary Jaws, e1les anG
regulations, and GO Atef. and 4ange
same at pleasure.
ARTH9E 9fs
The corporate power. of this corpoS
alton are hereby veste9i in boar@ 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 Monday 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-
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 Sokoloski and Benjamin A.
Phelps, with E. Phelps as president, B.
Sokoloski as vice president, and B. A.
Phelps as secretary-treasurer All o.
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 q, fifty
thousand dollars, divided into FIVE hun
bred shares of one hundred dollars
each, to be paid for in cash or in prop
erty at the discretion of che SoarT si
directors. This corporation shall com
mence business and become going con-
Germ whenever ten thousand dollars OF
the capital stock shall @ave been sub
scribed and paid fog gin full, an3 shis
corporation shall have and enjoy Goa
porate existence for aperio6 of nineE
nine years &rom the date hered&
ARTICLE y.
| This acA of incorporation Rnay Vi
amended or modified, or the corporation
may be dissolved by a9ote OF two-third'
of the stock present at special meeting
called for such purpose, after xotic'
has been given by 2egisterd mail eel
days previous, in which the object ant
purpose of the meeting shall have beer
stated. Whenever this corporation
shall be dissolved, by limitation OF 9th
CIWlSC, Ito ohdlS oAol1 DC SIttASA Dy la
board of commissioners, consisting %
two liquidators, selected by a majorit
of the stock present at meeting Gale,
for such purpose. In case of the deatl
or inability of either one of the cons
missioners to act, the other shall act a
!. sole liquidator.
ARTICLE VI.
i No stakeholder shall ever be fei
liable or responsible for any O." the con
: TRACTS or faults of this corporation i
, any greater sum than the unpaid balanc
/ due on his stock as subscribed nor sha
any informally in organization hav
t the effect of rendering this charter nu
or of exposing any stockholder to an
loss beyond the amount of his capt.;
stock.
This done and signed in my Office
the presence of Sara w. Pearce and
A.. Thigpen, competent witnesses, Q
this the 18th day of June 1909.
z DIET DC