The Caucasian. (Shreveport, La.) 1900-192?, 1910-07-10
CHARTER
OF THE GULF STATES BETTING
AND HOSE COMPANY.

H. c. Spring, H. E. Spring and H. S.
Barbee, all residents of said parish and
State, who declared to me notary that
avaiing 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 I.
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 domicile shall
be at the city of Shreveport in the par
ish of Caddo, State of Louisiana, and
all legal process shall be served on the
president or in his absence on the vice
president 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 a 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 di-
rectors
ARTICLE III.
The capital stock of this corporation
is hereby fixed at the sum of fifty
thousand dollars, divided into FIVE hum
dred shares of the par value of one
hundred dollars each, and it shall COM
mence business and become a 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 a 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 a written proxy. Until
the election in August 1911 the follow
ing shall compose the board of direc- |
tors of this company: Fl. 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, faborers, assistants
or other help needed in the administra-
ton of its affairs and shall have power
to fill any vacancy in the board of di- |
rectors however caused by eIecting a I
stakeholder to fill the unexpired term of +
such member retiring therefrom. =
ARTICLE v.
This charter may be amended, altered
or this corporation dissolved at vote
of three-fourths of its stock at meet
ing called for that purpose in accord
ance with the laws of the State of
Louisiana, and when dissolved, either
by limitation or otherwise, its affairs
shall be liquidated by a commissioner
appointed for that purpose who shall
give such bond and have such powers
as may be conferred ON him by the
stockholders at such meeting. All no |
tees may be given to stockholders or
directors by letter addressed to them
at his postofice address, provided that
nothing herein shall prevent the stock
holders or directors from waving such
notice, or holding meetings without any
notice at all by unanimous consent.
ARTICLE VI.
No stakeholder of this corporation
shall ever be held liable for the con-
tracts or faults thereof in any further |
sum than the unpaid balance due on his
stock, nor shall any mere informally
have the effect of rendering this charter
null or of exposing a stockholder to any
other or further liability than his stock. !
In testimony whereof the said parties |
have signed hereunto with the amount
of stock subscribed for by each set op-
posite their several names, with me
notary and the attesting witnesses, on
the date first in the beginning written