The Caucasian. (Shreveport, La.) 1900-192?, 1910-01-18
CHARTER
OF THE LAND AND SECURITIES
COMPANY

CON- oANf<
State of Louisiana, Parish of Caddo
Before me, the undersigned authority
on this dav came and appeared the sev
eral persons whose nanfes are hereto
subscribed. who declared that, awaiting
themselves of the provisions of Law
relative to the organization of corpora
tons, they do by these presents bind
and obligate themselves and constitute
Ia corporation and body polite in law,
for the objects and purposes and under
the agreements and stipulations follow
ing, to-wit:
ARTICLE /.
The objects and purposes for which
this corporation is organized are here
by declared to be the acquiring and
holding of real estate and other prop
erty and disposing of same, with full
power to mortgage or pledge any prop
erty belonging to said corporation.
ARTICLE II.
The name and style of this corpora
ton shall be LAND AND SECURI-
TIES COMPANY, and under its cor
porate name it shall have power and
authority to have and enjoy succession
for a full period of42hinety-nine years;
to contract sue and be sued; to make
and use a corporate seal; to name and
appoint such managers, directors, Of
fcers and agents as the interests and
convenience of said corporation may re-
quire.
ARTICLE III.
The domicile of this corporation shall
be in the City of Shreveport Caddo
Parish, Louisiana, and all citation or
other legal process shall be served on
the president of the corporation, or in
his absence on the vice president; ire
officers of the corporation shall be pres
ident, vice president and secretary
treasurer. The first officers of said cor
poration are hereby declared to be J. c. |
Pugh. president; S. L. Herold, vice |
president; and J. A. Thigpen, secretary
treasurer, all of whom shall serve until |
their Successors are elected and quail |
fed; the first election OF officers shall |
take place on the first Monday in jan
uary 1911, an dannually thereafter.
ARTICLE IV.D
The corporate powers of this cor
poration shall be vested in and exer-
cised by board of directors, composed |
Of three stockholders; said board of di- |
rectors shall be elected every year on
the first Monday in January, beginning
with the year 1911. The first board of
directors shall Consist of ]. c. Pugh, S.
L. Herold and J. A. Thigpen. The di-
rectors shall be elected by the stock
holders, each share of stock being en-
titled to one vote, to be cast by the |
owner thereof or by proxy, and the ma
jority of the votes cast shall elect. Any |
vacancy in the board of directors shall |
be filled by the remaining directors.
Two directors shall constitute a quo
rum.
ARTICLE V.
The capital stock of this corporation
is hereby fixed at twenty-five thousand |
dollars, to be divided into two hundred |
and fifty shares of one hundred dollars
each. The corporation is authorized to
begin business when fifty shares of the |
capital stock shall have been subscribed |
and paid for in full to the treasurer.
ARTICLE VI.
This charter may be amended or |
changed as required by law at any !
meeting of the stockholders, convened |
for that purpose, after ten days notice |
to the stockholders. If the corporation |
should be dissolved, its affairs shall be |
liquidatcd by two commissioners select
ed by the stockholders at a meeting |
called for that purpose.
This done and signed at my Office in |
the Parish of Caddo, on this the 3Ist |
day Of December A. D. 1900.
(Signed) J. c. PUGH.
(Signed) ]. A. THIGPEN.
(Signed) S. L. HEROLD.
Attest.