The Caucasian. (Shreveport, La.) 1900-192?, 1910-07-14
CHARTER
OF THE GULF STATES BETTING
AND HOSE COMPANY:

l
sworn, personally came and appeared
H. c. Spring, H. E. Spring and H. S
Barbee, all residents of said parish and
State, who declared to me notary thai
availing themselves of the Constitution
and laws of the State of Louisiana in
relation to the formation of corpora
tons, they have formed and constituted
themselves and do hereby form and
! constitute themselves, as well as such
other persons as may hereafter become
associated with them, into a corporation
and body corporate and have adopted
and ordained and do adopt and ordain
as their charter and act of incorporation
the following, to-wit:
ARTICLE L.
The name and title of this corpora
ton shall be the GULF STATES
Betting AND HOSE COMPANY,
and under said corporate name it shall
have and enjoy succession for a period
of fifty years unless sooner dissolved as
hereinafter provided. Its domieile shall
be at the city of Shreveport in the PAT
ish of Caddo, State of Louisiana, and
all legal process shall be served on the
president or in his absence on the vice
presidents at the Office of the company
ARTICLE II.
The purposes for which this corpora
ton is formed and its objects are here
by declared to be to manufacture, buy
and sell betting, hose and packing, and
to do general mill supply business,
and to that end to acquire, own or pur-
chase both real and personal property
in the State of Louisiana or elsewhere,
and the same to mortgage, hypothecate
or sell at the will of the board of d.
rectors.
ARTICLE III.
The capital stock of this corporation
is hereby fixed at the sum of fifty
thousand dollars, divided into five hun
dred shares of the par value of one
hundred dollars each, and it shall COM
mence business and become going
concern whenever ten thousand dollars
OF its capital stock is actually subscribed
and paid for; said stock may be paid
for in cash, property or labor or other
thing of value at the discretion of the
board of directors.
ARTICLE ".
The affairs of this corporation shall
be managed and controlled by board
of directors consisting of three stock
holders to be elected annually on the
first Monday in August of each year,
at general stockholders meeting called
for that purpose; each share of stock
shall b. entitled to one vote by its own
er or through written proxy. Until
the election in August 1911 the follow
ing shall compose the board of direc-
tors of this company: H. c. Spring. |
who shall be president and treasurer;
Ii. E. Spring, who shall be vice presi-
dent; and H. S. Barbee, who shall be
secretary. The said board of directors
shall have power to make and adopt |
such rules, regulations or bylaws as |
the business of the company may direct, |
and to employ and discharge at pleasure
any and all clerks, laborers, assistants |
Dr. other help needed in the administra-
ton of its affairs and shall have power
70 fill any vacancy in the board of d.
rectors however caused by electing a |
stakeholder to fill the unexpired term of
such member retiring therefrom.
ARTICLE v.
This charter may be amended, altered
Dr. this corporation dissolved at vote
Of three-fourths of its stock at a meet
ng called for that purpose in accord
anee with the laws of the State of
louisiana, and when dissolved, either
by limitation or otherwise, its affairs t
'half be liquidated by a commissioner
appointed for that purpose who shall
yive such bond and have such powers
IS may be conferred on him by the
stockholders at such meeting. All no
ices may be given to stockholders or
directors by letter addressed to them
It his postoffice address, provided that
lothing herein shall prevent the stock
FOLDERS or directors from waving such
notice, or holding meetings without any
lotice at all by unanimous consent
ARTICLE VI.
No stakeholder of this corporation
hall ever be held liable for the con-
racts or faults thereof in any further
,urn than the unpaid balance due on his
took, nor shall any mere informality
ave the effect of rendering this charter
lull or Of exposing stakeholder to any
,ther or further liability than his stock.
In testimony whereof the said parties
ave signed hereunto with the amount
# stock subscribed for by each set OPP
oosite their several names, with me
rotary and the attesting witnesses, on
~. 4. II