The Caucasian. (Shreveport, La.) 1900-192?, 1910-07-17

CHARTER
OF THE HOME LAND COMPANY

State of Louisiana, Parish of Caddo
Be it known that on this the 18th day
of July A. D. 1910, before me. Thomas
Charles Barrett, notary public in and
for the Parish of Caddo, State of
Louisiana, duly qualified, commissioned
and sworn, and in the presence of the
| witnesses hereinafter named and under
signed. came and appeared the several
persons whose names are hereunto sub
scribd, who declared that availing them
selves of the provisions of the laws of
this State relative to. the organization
of corporations, they have covenanted
and agreed, and by these presents do
covenant and agree and bind themselves
and those who may hereafter become
associated with them to form and con-
stitute body polite in law for the OBJ
jects and purposes and under the arti-
cles and stipulations hereinafter stipu-
lated, to-wit:
ARTICLE l.
| L AS IIdttLS dlAQ StylS Vi ills tClllpOId-
ton shall be HOME LAND COM
PANY, and under its said name it shall
have power and authority to contract !;
to sue and be sued; to make and Use a
corporate seal and the same to alter or
break at pleasure; to hold, receive,
have, purchase, ALLEVIATE, convey, sell,
pledge, mortgage, hypothecate, improve
or lease property, real, personal or
mixed; to name and appoint such of
fcers, directors, agents and employees as
the interest and convenience of the
corporation may require; to make and
establish bylaws, rules and regulations
| for the proper management of its af
fairs as map be deemed necessary and
proper, and the same to alter or change
at pleasure; and to do all things gener-
ally necessary and proper to carry out
| the objects and purposes of said cor
poration. This corporation, unless
sooner dissolved as hereinafter provided
| for, shall exist and continue for a pc
Rod of ninety-nine years from and after
the date hereof All citations and other
legal processes shall be served upon the
president, or in his absence upon the
vice president, or in their absence upon
! the secretary, at the domici1e of the
company, which is hereby declared to be
| in the city of Shreveport, Caddo Par
ish, Louisiana.
ARTICLE II.
The objects and purposes of this cor
poration are hereby declared to be to
hold, receive, have, purchase ALLEVIATE,
convey, sell, pledge, mortgage, hypothe-
cate, improve, or lease property, real,
personal or mixed, wherever situated.
to build houses for sale or rent; to con-
| duct a real estate brokerage business in
| Shreveport and at such other points as
the directors may see fit; and, in gem
eral, to do any and all things and con-
| duct all manner of business under its
| charter name necessary or incidental to
the carrying out of the objects above
set forth.
ARTICLE III
The capital stock of said corporation
| shall be $4,000, divided into and rep
resented by $50 shares of one hundred
dollars each, which said stock shall be
paid for in cash, or its equivalent, at
the time of subscription, or the same
may be issued at not less than par in
payment or exchange for the property
or rights actually received or purchased
by said corporation, or the same may be
issued full paid for money advanced, and
for other valuable considerations or
services, as the board of directors of
said corporation may determine; pro-
vided that no stock shall be issued until
the consideration therefor has been re-
ceived by said corporation. Any stock
holder may sell, assign or transfer his
stock in said corporation provided thirty
(3ol days notice of his intention to sell,
transfer and assign the same be given
the corporation, and the individual
s1OGNasOAdNAo duu LtlE JULIET
shall have the first privilege or refusal
of acquiring the same in proportion to
their holdings in the corporation. The.
stock of the corporation may be trans
ferred under the above conditions, but
no transfer shall affect the corporation
unless made upon the books at its Of
fee in the city of Shreveport, and then
only on surrender of the certificate
therefor. The corporation is authorized
to commence business when 100000 of
its capital stock shall have been sub
scribed and paid for. The board of
directors shall have the right to deter
mine how much stock shall be issued.
ARTICLE ~.
The corporate powers of said cor
porstion shall be vested in and exer-
cised by board of directors composed
of three I'D stockholders. The follow