The Caucasian., 1910-06-28
CHARTER
OF THE MINERAL WELLS ELEC-
TRIO. COMPANY.

the 18th day of May A. u. IN the year
nineteen hundred and ten, before me
L. c. Blanchard, notary public, in and
for the Parish of Caddo, State of Louis
lana, and in the presence of the wit
nesses hereinafter named and under
signed, personally came and appeared
the persons whose names are hereunto
subscribed, who severally declared that
availing themselves of the provisions OF
| the general laws of the State of Louis
lana relative to the organization of cor
porations for works of public improve
ment, and for other purposes, they have
agreed and by these presents do cove
nant, agree and bind themselves, and
those whom they represent, to form
themselves into and constitute cor
poration under the following agree
ments and stipulations, which they
hereby adopt as their charter.
ARTICLE 1.
The name and title of this corporation
shall be MINERAL WELLS ELEC-
TRIO COMPANY, and by that name
it shall enjoy succession for the term
of ninety-nine (oo) years from the date
hereof, unless sooner dissolved 1t shall
have power to sue and be sued; to bor-
row money, hold, purchase, lease, sell
and hypothecate real and personal prop
erty, to make and use a corporate seal; !;
to name and appoint directors, man
ayers and agents, and to establish such
bylaws, rules and regulations for the
management of the business and affairs
of the corporation as may be necessary,
the same to alter at pleasure. Also to
make and issue bonds and other evil
dences of debt, and to secure same by
mortgage or otherwise.
ARTICLE II.
The donicile of this corporation shall
be in the City of Shreveport, Parish of
Caddo, State of Louisiana, and all cita-
tions or other legal process shall be
served on the president, or in his abb
sence on the vice president, or in his abb
sence as the law directs.
ARTICLE III.
The objects and purposes for which
this corporation is established, and the
nature of the business to be carried on
by it, are declared and specified to be:
I'D The construction or acquisition
and operation of street railways and
suburban railways within or near any
city, town or village, for the transpor
tation of freight and passengers, and
the operation of same with electric or
other motive power.
(2l. The construction or acquisition
and operation of electric plants, for
the purpose of the manufacture of cleo
tric current, and the sale of same to the
public.
60 The construction or acquisition
and the operation of ice and refrigerat-
ing plants for the manufacture of ice
and the storage of articles for the pub
lie, the doing of all of which things
may be done and carried on at any place
or places within the limits of the States
of Louisiana and Texas.
ARTICLE ".
The capital stock of this corporation
is hereby fixed at the sum of three hun
dred and fifty thousand ($35o,ooooo)
dollars, divided into thirty-fve hundred
$500 shares of the sum of one hun
dred ($1oo.oo) dollars each; the com
pany to begin operations as soon as one
hundred thousand ($Ioo,ooo.oo) dollars
shall have been subscribed and paid for.
Said stock shall consist of one % Sc
ries, to be known as common stock.
Said stock shall be paid for at such
times as the board of directors may de-
termine, but any part of same may be
issued by said board of directors at not
less. than the par value thereof, in pay
ment of labor done or property actually
received by said corporation. Stock
books and stock registers for said stock
shall be kept by the corporation.
ARTICLE v.
All of the corporate powers of said
corporation shall be vested in and ex-
ercised by board of directors, to be
composed of FIVE 60 stockholders, to be
elected annually, on the first Monday in
July of each year, unless such first Mon
day shall be the first day of July, in
which event said election shall take
place on the Tuesday following said
first Monday, a majority of which said
board shall constitute quorum at all
meetings. All such elections shall take
place by ballot, at which each stock
hoder shall be entitled to cast one (I)
vote for each share of. stock held by
hkin, and which stockholder shall act
either in person or by proxy in writ
ing, and at which majority of the
holders of the stock shall constitute a
quorum Any vacancy occurring in the
board of directors is to be filled by the
remaining d;recfhrS