The Caucasian. (Shreveport, La.) 1900-192?, 1910-05-29
CHARTER
OF THE MINERAL WELLS ELEC-
TRIO COMPANY.


the 18th day of May A D. in the yeal
nineteen hundred and ten, before me
L. c. Blanchard, a notary public, IN ano
| for the Parish OF Caddo, State OF LOUIS
lana, and in tbs presence OF the wit
neSses hereinafter named and under
/ signed, personally came and appeared
the persons whose names are hereunto
subscribed, who Severally declared that
availing themselves OF the provisions OF
! the general laws of the State of Louis
lana relative to the organization of cor
porations for works of public improve
ment, and for other purposes, they have
agreed aud by these presents dc cove
nant, agree and bind themselves, and
those whom they represent, to form
themselves into and constitute cor
poration under the following agree
mcnts and stipulations, which they
hereby adopt as their charter.
ARTICLE l.
The name and title of this corporation
shall be MINERAL WELLS ELEC-
TRIO COMPANY, and by that name
it shall enjoy succession for the term
OF ninety (oo) years from the date
hereof, unless sooner dissolved 1t shall
have power to sue and be sued; to bor-
row money, hold, purchase, lease, sell
and hypothecate real and personal prop
erty, to make and use corporate seal;
to name and appoint directors, man
ayers and agents, and to establish such
bylaws, rules and regulations for the
management of the business and affairs
of the corporation as may be necessary,
the same to alter at pleasure Also to
make and issue bonds and other evi-
dences OF debt, and to secure same by
mortgage or otherwise
ARTICLE II.
The douicile of this corporation shall
be in the City of Shreveport, Parish of
Caddo, State of Louisiana, and all cita-
tons or other legal process shall be
served on the president, or in his alb
sence on the vice president, or in his alb
sence as the law directs.
ARTICLE III.
The objects and purposes Tor which
this corporation is established, and the
nature of the business to be carried ON
by it, are declared and specified to be
I(I) The construction or acquisition
and operation of street railways and
suburban railways within or near any
city, town or village, for the transpor
tatlon OF freight and passengers, and
the operation of same with electric or
other motive power.
ca. The construction or acquisition
and operation of electric plants, for
the purpose of the manufacture of cleo
trio current, and the sale of same to the !
public
go The construction or acquisition t
and the operation of ice and refriperat-
ing plants for the manufacture of ice
and the storage of articles for the ppb-
lie, the doing of all of which things
may be done and carried on at any place
or places within the limits of the States
Of Louisiana and Texas.
ARTICLE w.
The capital stock of this corperat;op
S hereby fixed at the sum of three hum
dred and fifty thousand (S,so.oooool
dollars, divided into thirty five hundred
t35oo) shares of the sum of one hun
1red ($Ioooo) dollars each: the com
oany to begin operations IS soon as one
hundred thousand ($Ioo,ooo.oo) dollars
hall have been subscribed and paid for.
Said stock shall consist of one (r) Sc
les, to be known as common stoclo
said stock shall be paid for at such
INES as the board of directors may de-
ermine, but any part of same NAV he
ssued by said board of directors at NOT
ess than the par value thereof, in paw
nent of labor done or property actually
eceived by said corporation. Stock
looks and stock registers for said stock
hall be kept by the corporation.
ARTICLE V.
All of the corporate powers of said
orporation shall be vested in and ex-
rcised by board of directors. to be
Of FIVE 50 stockholders, to be
lected annually. on the first Monday in
uly OF each year, unless such first Mon
ay shall be the first day of July. in II
which event said election shall take +,
lace on the Tuesday following said :
rst Monday, a majority of which said .
oard shall constitute a quorum at all :
meetings All such elections shall take !
lace by ballot, at which each stock +,
oder shall be entitled to cast one (r) Il
ote for each share of stock held by :
i'm, and which stakeholder shall cast :
ither in person or bv nroxv in writ