Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-05-27
ACT OF INCORPORATION
or THE
TENSAS REALTY COMPANY.
STATE OF LOUISIANA.

10 me, Notary, that, availing themselves
the constitution and the laws of the State
| louisiana, in such cases made and provide,
they contract and agree, and by these pre-
: | ents bind themselves, as well as such 9th,
persons as may hereafter become associate
| with them. to form and constitute corpor,
| ton and body polite in law, and for the al
. )ects and purposes and under the agreement
and stipulations following, to-wit:
ARTICLE I-NAME.
Tbe name and style of this corporatiop sha
be: ''rENSAS REALTY COMPANY.O an
Dy said name said corporation sha be known
ana snail have succession and corporate ey
1stence for and during the full perjod an
Term OF Ninety-nine Years from the date {
this act. and by said name shall contract
sue, and be sued.
Said corporation shall have mower tn ma r
and use corporate seal. and the same I
break and alter at pleasure
ARTICLE II-DOMICILE.
The domicile OF this corporation Is declare
| 10 be the Town of st. Joseph in the Paris
OF Tensas. State of Louisiana
| ARTICLE III-PURPOSEs.
The objects and PURPOSES for which thi
and the nature of the business to be carrie,
| on by 1t, are hereby declared to he:
| 10 engage In. conduct and carry on n Rea
Estate Business and to that end. aud for tina
| purpose 10 Obtsfn. possess. receive, and az
qulre by grant, gift, Donation purchase
| lease, or exchange, movable and immovabl,
property; to hold. use, operate, maintain
repair and improve property Of said nature
And the same to sell, exchange, part with
| anenate. convey. lease, rent mort ga ge
pledge and hypOthecate.
To take. receive. and grant options OF
| such property for the purchase, sale, or ex
change of the same.
To act as agents and attOrneys-in- fact 70,
any and all OF said purposes
And for the furtherance Of said objects and
purposes to borrow money. and secure the
same by mortgage or pledge, and to issue
corporate bonds and prOmissory notes in ey.
idence OF said Indebtedness.
snch acts as may be necessary, usual or In.
cldent 10 the promotion. conduct. and per-
formance Of the objects and purposes for
which this corporation is formed.
ARTICLE Iv-CAPITAL STOCK.
The amount Of the capital stock of this cor
Thousand Dollars, divided into and repre-
sented by One Hundred Shares of the par
value OF One Hundred Dollars each. Said
STOCK shall be paid for In cash at the time the
same Is Issued. or the same NAV be issued =,
at not less than par value, for labor done,
services rendered, or property actually re.
ceived by this corporation.
This charter shall become operative and
this corporation be authorized to do business
as soon as Three Thousand Dollars of fits cap
ital stock has been subscribed and fully paid
for. The balance of said capital stock to be
issued at such time, and upon such condi-
lions Subject to the provisions of this char
teri "a shall be determined by the Board Of
Directors hereof.
ARTICLE v-OFFICERs,
The officers Of this corporation shall con-
sist OF President, vice-president, secre-
tary and Treasurer and Board Of Directors.
The duties. powers. and authority of the
President, Vice-president, Secretary and
Treasurer. except as herein provided, shall
be fixed by the Board of Directors.
The Offices of Secretary and of Treasurer
may be filled by one and the same person:
the Offices of vice-president and of Treas.
urer may be filled by one and the same per-
The Board Of Directors shall be composed
OF three members hereof and shall be elect
ed annually on the first Monday in May in
and named In this charter, which shall hold
office until the first Monday in May, 1911.
All such elections shall be made by ballot
at the ofhce OF said corporation under the
supervision OF two commissioners, to be ap-
pointed by the Board of Directors. Notice Of
such elections shall be made by publication
Tor not less than ten days prior thereto in a
newspaper published in the Town of st. Jo-
seph in the said Parish and State At all such
elections, and at all corporate meetings a
majority OF outstanding stock of this cOrpor-
alton shall be necessary to constitute quo
rum, and every stock holder shall be entitled
to one vote for each share of stock standing
in his name on the books of the corporation
to be cast In person, or by written proxy, no
vote shall be allowed on shares of stock trans
ferred within ten days prior to such election.
majority OF votes cast shall elect
Failure to hold such elections, or to elect
such officers on the date herein prescribed
shall not dissolve this corporation or impair
Its corporate management, but the Directors
then in Office shall so remain with powers un-
impaired until their successors are duly elect
ed and qualified.
The Directors hereof shall elect from their
members President and a Vice. president
and shall elect or appoint Secretary and a
Treasurer, who need not be members of the
Said Board shall have authority to appoint
assistant Secretary and Observation-Disclosures
who need not be stock holders of this corpOr-
alton.
Said Board of Directors NAV further ap-
point all such officers and agents as 1t may
deem necessary for the purposes and BUST
ness OF this corporation; and shall have pow
er and authority to fix and define the duties,
powers, and salaries of all such agents and
and to remove or discharge the
same at their pleasure.
Said Board Of Directors shall fill all vacan-
cfes occurring among its members by death,
or otherwise.
Said Board of Directors Is authorized to
make and establish. alter and amend all by
necessary and proper for the conduct and
of the affairs of this corporation
Said Board of Directors shall have full pow
or and authority, directly or through its prop
erly constituted agents, to borrow money, to
buy and sell property, to execute mortgage
and liens, to grant and accept options and
agencies, to issue bonds, notes, and obliga-
lions, to issue shares Of stock under the con-
fitions herein provided, and generally to do
all things reasonable, convenient, and neces-
sary for the promotion and carrying on of
The business OF said corporation.
In addition to the special powers herein
enumerated, all Of the corporate powers of
his corporation shall be vested in, and ex-
ercised by said Board OF Directors.
All citations and other legal process shall
be served upon the President OF this corpor-
alton, or in his absence, upon the Vice pres |
dent, and In the absence of both of said Of |
1cers, then upon the Secretary.
ARTICLE vI-MODIFICATION,o OR DISSO-
LUTON.
This act Of incorporation may be modified, |
altered, or dissolved by the assent OF three
'ourths of the amount of outstanding capital |
stock represented at a general meeting con- |
vened for such purpose after thirty days
previous notice by advertising In newspa-
The capital stock hereof may be increased.
Dr. decreased In the manner and form provid- |
I'd In such cases by the laws of the State OF
louisiana.
In the event of the dissolution of this cor
by Limitation or otherwise, ITS af- |
airs shall be liquidated, its debts and liabil- |
ties discharged, and any balance Of nds
be divided pro rata among the /
.tock holders, under the superintendence Of
Three Commissioners of liquidation elected /
or this purpose at a general meeting OF the /
'tock holders, convened after thirty days /
prior notice, given by publication in a news |
PAPER published In said Town OF st. Joseph. |
said commissioners to remain In Office until /
he affairs of said corporation are fully liqui- |
mission caused by the death or resignation,
'aid vacancy to be filed by the remaining |
members thereof.
ARTICLE vII-CHARTER OFFICERS.
Joseph Curry, President; w. NJ. Davidson,
and X. H. whitney, Secre- |
ary and Treasurer, have been chosen and |
llQnfod . the first RAard of DirQcfOrQ-