The Caucasian. (Shreveport, La.) 1900-192?, 1909-07-08
CHARTER
OF THE PHELPS INVESTMENT
COMPANY.

COMPANY.
State of Louisiana, Parish of .Caddo
Be it known, that this day, before me,
S. l. Herold, notary public in and for
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 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 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 OF
otherwise, and in general to do all and
any things necessary or incident to the
purposes set forth. And to the end
above 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.
@ 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 be
elected by the directors out of theii
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, arr
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 va
cancies in the board of directors shall
be filed by the board. o
ARTICLE ".
The capital stock of this corporation
| is hereby fixed at the sum of hft!
thousand dollars, divided into FIVE hun
dred shares of one hundred dollar
each, to be paid for in cash or in prop
erty at the discretion of the board O
directors. This corporation shall com
mence business and become a going con
Germ whenever ten thousand dollars o
| the capital stock shall have been sub
scribed and paid for in full, and thi
corporation shall have and enjoy cor
porate existence for period of ninety
nine years from the date hereof.
ARTICLE v.
| This act of incorporation may b
amended or modified, or the corporation
may be dissolved by a vote of two-third
of the stock present at special meeting
called for such purpose, after motto
has been given by REGISTERED mail te
days previous, in which the object an
purpose Of the meeting shall have bee
stated. Whenever this corporatio
shall be dissolved, by limitation or oth
lerwise, IFS affairs shall be settled by tn
board Of commissioners, consisting 9
tive liquidators, selected By q naaiorit