The Caucasian., 1910-07-31
CHARTER
THE HUTCHINSON BROTHERS
REAL ESTATE AND BUILD
ING COMPANY.

sonally came and appeared John b.
Hutchinson, Trigg S. Hutchinson, Chas.
NJ. Hutchinson, VIM. J. Hutchinson Jr.,
and John W. Flournoy, all residents of
Caddo Parish and State of Louisiana,
who declared to me that they do here
by form for themselves and such other
persons as may hereafter become asso-
ciated with them, corporation under
the laws of the State of Louisiana,
made and provided for the formation
of corporations for the purpose and OBJ
jects and under the stipuIations and
agreements as follows, to-wit:
ARTICLE |.
The name and style of this corpora
ton shall be HUTCHINSON BROTH
| lERS REAL ESTATE AND BUILD
ING COMPANY, and its donlicile shall
be in the City of Shreveport, Caddo
Parish, Louisiana. Under its said name
| it shall have power and authority to ex-
ist and enjoy succession for fifty years
from and after this day.
ARTICLE II.
The object and purposes for which
this corporation is formed and the ma
ture of business 10 be carried on BY it
is hereby declared to be to purchase,
own and sell real estate, erct and con-
struct buildings thereon, and to that
end to borrow money, give notes and
mortgages and do any and all things
necessary to carry on the objects for
which this corporation is created, sue
cessfully
ARTICLE III.
This corporation shall have the right
to sue and be sued. citation to be served
on the president, and, in his absence, on
any officer of the said company at its
office
! ARTICLE ".
The capital stock of this corporation
/ is hereby fixed at the sum Of one hum
dred thousand dollars ($Ioo,ooo.oo) di-
Ivided into one thousand (Iooo) shares
of one hundred dollars ($Ioo,oo) each,
to be issued for cash paid the corpora
ifon, or for property conveyed, and for
i services rendered, provided, however
that no stock shall be issued at less than
par, and provided further that this cor
poration may begin business as soon as
three hundred (soo) shares of its capi-
tai stock shall have been secured and
paid for in full, either in cash or its
equivalent
ARTICLE ".
The corporate powers of this corpor-
alton shall be vested in and exercised
lby board of directors consisting of
three stockholders, two of whom shall
constitute a quorum for the transaction
of business. The board of directors
shall make all bylaws, rules and regu-
lations for the management of the bus
mess and officers of the company, and
may amend and change the same at
pleasure The board of directors shall
elect the officers of this corporation All
vacancies created in the board of direc-
tors by death, resignation or otherwise,
shall be filled by the remaining direc-
tors The first board of directors of
this corporation shall consist of ]. B.
Hutchinson, president; t. S. Hutchin
son, vice president; and J. w. Flour
noy, secretary-tfeasurer, which said
board of directors shall remain in Office
until the second Tuesday in July 1911,
or until their successors shall have been
duly elected and qualified; on the sec
ond Tuesday of July 1911, and annually
thereafter, election of directors shall be
held at the Office Of the corporation in
this City of Shreveport, Caddo Parish,
Louisiana, notice of which said meeting
ishaH be given in any one of the news
papers published in the City of Shreve-
lport, Louisiana, for ten days prior to
the said meeting At all stockholders
meetings each share of stock shall be
entitled to one vote, either in person or
by proxy, in writing. In the event of
failure to elect directors as specified as
above, the directors then in Office shall
serve until their successors shall have
been elected, and meeting of such
election may then be held at any time
after ten days writtn notice to each
stakeholder.
ARTICLE VI.
This charter may be modified or
amended, except as to the increase or
decrease of its capital stock, and this
corporation may be dissolved with the
assent of the majority of the stock, and
| a general meeting of the stockholders
convened for such purpose after thirty
days notice published in any of the
newspapers published in the City of
Shreveport, Louisiana
ARTICLE VII.
Whenever this corporation IS dis
solved, either by limitation Of its char
ter or any other cause. its affairs shall
be Iiqt1idated By two commissioners
elected by the stockholders at a meet