The Caucasian. (Shreveport, La.) 1900-192?, 1910-08-07
CHARTER
THE HUTCHINSON BROTHERS
REAL ESTATE AND BUILD
ING COMPANY.

NJ. Hutchinson, VIM. J. Hutchinson Jr
and John w. Flournoy, all residents of
Caddo Parish and State Of Louisiana,
vino declared to me that they do here
by form for themselves and such other
persons as may hereafter become asso-
ciated with them, a corporation under
the laws of the State of Louisiana,
made and provided for the formation
Of corporations for the purpose and OBJ
jccts and under the stipulations and
agreements as follows, to~wit:
ARTICLE I.
The name and style of this corpora
ton shall be HUTCHINSON BROTH
ERS REAL ESTATE AND BUILD
ING COMPANY, and its donicile shall
be in the City of Shreveport, Caddo
Parish, Louisiana. Under its said name
it shall have power and authority to ex-
jst 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 to be carried on by it
is hereby declared to be to purchase,
own and sell real estate, crct 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
cessfu1ry.
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 hun
bred thousand dollars ($Ioo,ooo.oo) di- |
vided into one thousand (Iooo) shares
of one hundred dollars ($Ioooo) each,
to be issued for cash paid the corpora
ton or for property conveyed, and for
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 (3oo) shares of its CAPT
tai stock shall have been secured and
paid for in full, either in cash or its
equivalent.
ARTICLE V.
The corporate powers of this corpor-
alton shalt be vested in and exercised
by a board of directors consisting of
three stockholders, two of whom shall
constitute 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 J. B.
Hutchinson, president; T. S. Hutchin-
son, vice president; and ]. W. Flour
noy, secretary-treasurer, 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
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
shall be given in any one of the news /
papers published in the City of Shreve- I
port, Louisiana, for ten days prior to |
the said meeting. At all stockholders q
each share of stock shall be
entitled to one vote, either in person or
by proxy, in writing. In the event of d
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
ARTICLE VI.
This charter may be modified or
amended, except as to the increase or
decrease of its capital stock, and this L
corporation may be dissolved with the :,
assent of the majority of the stock, and
general meeting of the stockholders
for such purpose after thirty !.
lays notice published in any of the Il
newspapers published in the City OF Il
Louisiana I
ARTICLE VII. Il
Whenever this corporation is dis
olved, either by limitation of its char
er or any other cause, its affairs shall
'e liquidated by two commissioners
lected by the stockholders at meet
ng convened for such purposes after