The Caucasian. (Shreveport, La.) 1900-192?, 1909-11-30
CHARTER
OF THE CADDo LAND COMPANY
L1MITEu

L1MITEu
State of Louisiana, Parish of Caido
Be it known, that on this the 14th day
of September, in the year of Our Lord
one thousand nine hundred and nine,
before me, w. A. Mabry; notary pub
| lie in and for Caddo Parish, louisiana,
duly commissioned and qualified, and
in the presence of the witnesses herein
after named and undersigned, personally
came and appeared the parties whose
names are hereunto subscribed, all OF
full age, who declaring that awaiting
themselves of the provisions of the laws
of this State relative to corporations,
and especially of Act No. 36 of the
General Assembly of Louisiana, they
have covenanted and agreed, and by
1 these presents covenant and agree, and
bind themselves as well as such other
persons as may hereafter become asso-
ciated with them, to form and Constitute
q corporation and body polite in law,
for the purposes and objects, and TN Ter
the stipulations, articles and conditions
following, to-wit:
ARTICLE /.
The name and title of said corpora
ton shall be the "CADDO LAND
COMPANY, LIMITED" and its DOM
ieile is hereby established in the City of
Shreveport, Caddo Parish, Louisiana,
and under its said corporate name such
corporation shall have power and au-
thority to contract, sue and be sued to
make and use corporate seal and the
same to alter and break at plesure; to
hold, receive, have, purchase, improve,
ALLEVIATE, convey. sell, borrow, pledge
and hypothecate under its corporate
name, property real and personal; to
name and appoint such officers, agents,
managers and employees as the interest
or convenience of said corporation may
require: to make and establish bylaws
rules and regulations for the manage
ment of its affairs. and the same to
change and alter at pleasure. and to do
all other acts necessary to effect the
objects and purposes of this corpora
ton. Said corporation, unless sooner
dissolved, shall exist for the period of
forty years. The president. or in his
absence, the vice president, shall be pre-
siding officer at all meetings of the
board Of directors, and upon whom cita-
ton and ali other legal process shall be
served.
ARTICLE II.
The object and purpose for which this
corporation is established, and the ma
ture of the business to be carried on by
| it. are declared to be the purchase of
lands within or near the incorporate
limits of the City of Shreveport, Caddo
Parish, Louisiana, the plating, subdi-
vision and laying out of such lands into.
lots, streets and alleys, the Improvement.
and sale of said lots, and doing all other
things necessary to enhance the value OF
same and bringing same into public no..
tice.
ARTICLE III.
The capital stock Of this corporation
shall be fifteen thousand ($I5,ooo coy
dollars, divided into and represented by
one hundred and Fifty shares of the par
value of one hundred ($Iooool dollars
each, which said stock shall be paid for
in cash, at the time of subscription. and
the same may be issued at not less than
par in payment or exchange for prop
erty or rights actually received or pur-
chased BY said cooperation; provided,
that no stock shall be issued until the
consideration shall be received by the
corporation. This company shall COM
nence doing business as soon as three
thousand FIVE hundred ($35oooo) dol
lars of the capital stock shall have been
subscribed. No transfer of stock shall
be recognized as valid or binding until
the same is made on the books Of the.
company, at its domicile.
ARTICLE ".
The corporate powers of this company
shall be vested in and exercised by a
board of directors consisting of three
stockholders of said company. Three of
said board shall constitute quorum for
the transaction of business. Provided,
that in case of death of any one Of the
members Of the said board Of directors,
then, and in that event, two members
of said board Of directors shall consti-
tute a quorum. The following persons
shall constitute the FIRST beard of diree-
tors H. R. RatslifE, Carl Svarva. and
E. r. Ratcliff, and the following mem
bers of the board of directors shall be
the first officers of said corporation: H.
R. Ratcliff, president; Carl Svarya,
vice president; and = r. Ratclif, see
rotary ana treasurer The said board
Of directors and officers shall continue
in Office until the 18th day Of Sspten-.