The Caucasian. (Shreveport, La.) 1900-192?, 1910-01-25
CHARTER
OF THE FOSTER LAND So'
PlANY.

The State ofJ 'siana s.. pa -, ID ss
Caddo oefors NJ ,ind :lss: = :.
thorty, II ihe ana
the SoFeI1 7sas6tlns whose names are
hereto sri, bed, who declared that
they do +. " nrm a corporation I'M
der the ia o. he State of Louisiana.
for the o. nd purposes and un-
der the Stipu. ,ons following, to-wit:
ARTICLE I.
The objects aud purposes for which
this corporation is organized are hereby
declared to be the purchase and sale of
real estate and other property, with the
right of holding and disposing of same,
or of mortgaging, leasing or pledging
the same, as the directors of this cor
preparation may see proper.
ARTICLE II.
The name and style of this corpora
ton shall be FOSTER LAND COM
PANY, and under its said name if shall
have power and authority to enjoy sue
cession for a period of twenty-five
years.
ARTICLE III.
The domicile of this corporation
shall be in the City of Shreveport. Cad
do Parish, louisiana; citation or other
legal notice shall be served on the pres
ident, or in his absence on the vice
president.
ARTICLE ".
The corporate powers of this cor
Doration shall be vested in and exer-
cised by board of directors, composed
of three stockholders, which said board
shall be elected annually by the stock
holders on the first Monday in January,
beginning with the year 1911. The of
6cers of the corporation shall be
vice president and secretary
treasurer. The officers shall be elected
by the directors, and the first board of
directors, who shall Serve until the ffii'ss,e-
Monday in January 1911, or until their
successors shall have been elected,-st..al
be ]. c. Foster, ]. B. Foster and ]. A.
Thigpen, with J. B. Foster, president;
J. A. Thigpen, vice president; and J. c.
Foster, secretary-treasurer. Notice of
meetings shall be given by
ten days publication in any one of the
newspapers published in the City of
Shreveport, but such notice may be
waived by the stockholders. Al all
stockholders meetings, each share of
stock shall be entitled to one vote, and
may be cast by the owner thereof or by
proxy. Any vacancy in the board of
directors shall be filled by the remain
ing directors Two directors shall con-
stitute a quorum. The directors shall
have full power and authority to adopt
all rules and bylaws that may be neces-
sary or needful i'll the management OF
the business of the corporation
ARTICLE v. -
The capital stock of this corporation
is hereby fixed at one hundred thousand
dollars, to be divided into one thousand
shares of one hundred dollars each.
The stock may be issued either in cash
or for its equivalent in property; pro-
vided, however, that no stock sb9n be
disposed of by the directors. at less than
par. This corporation is authorized to
begin business when one hundred shares
of its capital stock shall have been sub
scribed and paid for in full.
ARTICLE VI.
This charter may be amended with
the consent of majority of the stock
holders, at a meeting called for such
purpose, aften ten days notice in writ
ing. When this corporation is dissolved,
its affairs shall be. liquidated BY two
commissioners, selected by the stock
holders, at a meeting called for such
purpose.
Signed at my Office in the Parish of
Caddo, on this the 3Ist day of Decem-
Der A. D. 1909.
(signed) J. B. FOSTER.