Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-05-06
ACT OF INCORPORATION
-OF THE
1ENSAS REALTY COMPANY.
STATE OF LOUISIANA.

A.. ~. r.
Clerk OF the Tenth District Court of Louis
lana, and ex-officio a Notary Public. in an
for said Parish and State, duly commissions,
and qualified, and in the presence Of tn
undersigned, personally came and appeare,
the several persons whose names are here
unto subscribed, and who severally declare,
to me. Notary, that, availing themselves o
the Constitution and the laws of the State o
Louisiana, in such cases made and provided
they contract and agree, and by these pres
ents bind themselves, as well as such Othe
/ persons as may hereafter become associated
| with them, to form and constitute corpora
| ton and body polite in law, and for the OBJ
| jects and purposes and under the agreement.
and stipulatiOns following, to-wit:
| ARTICLE NAME.
| The name and style of this corporation shall
be: 'TENSAS REALTY COMPANY, >, anf
by said name said corporation shall he known
and shall have succession and corporate ex.
istence for and during the full period and
term OF Ninety Years from the date oi
this act. and bv said name shall contract
| sue. and he sued.
Said corporation shall have mower to make
and use corporate seal. and the same to
| break and alter at pleasure.
| ARTICLE II-DOMICILE.
The domicile of this corporation il decIa red
| to he the Town OF st. Joseph, in the Parish
| of Tensas. State of Louisiana.
ARTICLE III-PURPOsEs.
The objects and purposes for which this
corporation Is organized and established
and the nature of the business to be carried
on by It. are hereby declared to he:
To engage in. conduct and carry on a Real
Estate Business. and to that end and for that
purpose to obtain. pOssess. receive. and ac-
| duire by grant. gift. donation. purchase.
lease. or exchange. movable and immOvahle
| propertv: to hold. use. Operate, maintain
And the same to sell. exchange, part with ,
ALLEVIATE. convex. lease, rent, mortgage
pledge and hvpothecate.
To take. receive. and grant options on
such propartv for the purchase, sale. or ex-
change Of the same.
To act as agents and attorneys-in- fact for
anv and all OF said Durposas
And for the furtherance OF said objects and
purposes TO borrow money. and secure the
same nv mortgage or pledge. and to issue
corporate bonds and Dromissory notes in ev-
idence Of said Indebtedness.
To engage in, do, and perform all other
snch acts as NAV he necessary. usual. or in
cident TO the promotion. conduct. and per-
formance of the objects and purposes for
which this corDOratiOn Is formed.
ARTICLE Iv-CAPITAL STOCK.
The amount Of the capitaI stock of this cor
noration Is hereby fixed at the sum Of Ten
Thousand Dollars. divided into and repre-
scented by One Hundred Shares Of the mar
value Of One Hundred Dollars each. Said
stock shall be paid for in cash at the time the
same IL issued. or the same NAV he issued
Mt not less than par value. for labor done.
services rendered. or property actually re-
ceived nv this corporation.
This charter shall become operative. and
this corporation he authorized to do business
as soon as Three Thousand Dollars of its can
ital stock has been subscribed and fully paid
for. The balance of said capital stock to he
issued at such time. and upon such cOndi-
lions fsubiect to the provisions Of this char
tori as shall he determined by the Board Of
Directors hereof.
ARTICLE v-OFFICERS.
IN. - n
sist of President, vice-president. secre-
tary and Treasurer and Board Of Directors.
The duties, powers, and authority of the
President, Vice-president, Secretary and
Treasurer, except as herein provided, shall
be fixed by the Board of Directors,
The offices OF Secretary and of Treasurer
may be filled by one and the same person.
the offices of Vice. president and of Treas
urer may be filed by one and the same per
son
The Board of Directors shall be composed
Of three members hereof, and shall be elect
ed annually on the first Monday In May in
each year, except the first Board, appointed
and named in this charter, which shall hold
Office until the first Monday in May, 1911.
All such elections shall be made by ballot
at the office of said corporation under the
supervision of two commissioners, to be ap-
pointed by the Board Of Directors. Notice of
such elections shall be made by publication
for not less than ten days prior thereto in a
newspaper published in the Town Of st. Jo-
seph in the said Parish and State. At all such
elections, and at all corporate meetings a
majority oi outstanuihe STOCK OF TINS corpor-
alloh snaii De necessary 70 constitute a quo.
rum, anu every STOCK nolder snail pc entitled
70 one Note Ior each snare OF STOCK standing
IN MS name On the pooks OF tne corporation,
W pe east IN P erson, or ~ written proxy, no
sote shan pe aioweu On snares OF STOCK trans
ierre9 withlh Ten DAYS prior 10 sucn election.
malorlty Oh VOTES cast snail eject.
Faiiuas 10 nora sucn eiectlons, or 10 elect
shall not dissolve this corporation or impair
us corpoaate management, Dut the directors
men In once snail SO remain Win powers un-
impair GU uu.n tner successors are uuiy erect
co anu duaIned.
Inc DIRECTORS nereol snail elect from their
anu snaI erect OF appoint secretary ana a
treasurer, VINO need not De members OF the
bOaru VI DIeC.ors;
oaiu Doaru shall nave autnorlty 10 appoint
who need NOT he s,ock hoIdars 81 ,his cornor'
alton VI Wis ~" po'
Said Board OF Directors may further ap-
point all such officers and agents as it may
deem necessary for the purposes and bust
ness OF this corporation; and shall have pow
er and authority to fix and define the duties,
powers, and salaries OF all such agents and
employees and to remove or discharge the
same at their pleasure.
Said Board OF Directors shall fill all vacan-
cies occurring among its members by death,
resignation, or otherwise.
Said Board of Directors is authorized to
make and establish, alter and amend all by
laws, rules, and regulations, in its Judgment
necessary and proper for the conduct and
management OF the affairs OF this corporation.
Said Board OF Directors shall have full pow
er ana authority, directly or through It's prop
erly constituted agents, 10 borrow money, TO
buy and sell property, to execute mortgages