The Caucasian. (Shreveport, La.) 1900-192?, 1910-03-03
CHARTER
OF THE FOSTER LAND COM
PANY.

PANY.
The State of Louisiana, Parish OF
Caddo: Before me, the undersigned au-
thority, on this day came and appeared
the several persons whose names are
hereto subscribed, who declared that
they do hereby form a corporation I'm
der the laws of the State of Louisiana,
for the objects and purposes and I'M
der the stipulations following, to-wit:
ARTICLE l.
The objects and 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 cer-
corporation may see proper.
ARTICLE II.
The name and style of this corpora
ton shall be FOSTER LAND COM
PANY, and under its said name it 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
peration 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
fcers of the corporation shall be
president, vice president and secretary
treasurer. The officers shall be elected
by the directors, and the first board Of
directors, who shall serve until the first
Monday in January 1911, or until their
successors shall have been elected, shall
be J. C. Foster, ]. B. Foster and J. A.
Thigpen, with J. B. Foster, president;
J. A. Thigpen, vice president; and ]. c.
Foster, secretary-treasurer Notice OF
stockholders 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. At 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 needfu1 in 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-
yided, however, that no stock shall 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 a majority of the stock
holders, at 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.