The Caucasian., 1909-07-04
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-
Ipeared 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 |.
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
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 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-
dent, vice president and secretary ry-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 ry-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 fifty
thousand dollars, divided into FIVE hum
dred shares of one hundred dollars
each, to be paid for in cash or in prop
srty at the discretion of the board of
directors. This corporation shall COM
nence business and become going con-
,ern whenever ten thousand dollars Of
he capital stock shall have been sub
scribed and paid for in full, and this
shall have and enjoy cor
porate existence for period of ninety
1ine years from the date hereof.
ARTICLE ".
This act of incorporation may be
amended or modified, or the corporation
nay be dissolved by vote of two-thirds
If the stock present at a special meeting
.alled for such purpose, after notice
has beet given by REGISTERED mail ten
lays previous, in which the object and
purpose of the meeting shall have been
tated. Whenever this corporation
hall be dissolved, by limitation or 9TH
.rwise, its affairs shall be settled BY the
,oard Of commissioners. consisting Of
wo hquidators, selected by a majority |,