The Caucasian. (Shreveport, La.) 1900-192?, 1910-01-04
CHARTER
OF THE PAUL HOPE COMPANY

State of Louisiana, Parish of Caddo:
Be it remembered, that on this the 10th
dav Of December A.. D. 1909, before me,
Leon r. Smith, notary public IN and
for Caddo Parish, Louisiana, daily
commissioned and qualified, and in the
presence Of the witnesses hereinafter
named and undersigned, personally
came and appeared the persons whose
names are hereunto subscribed, who
severally declared that availing them
selves of the laws of the State of Louis
lana relative to the formation of cor
porations, and especially Act No. 70 OF
the General Assembly Of the State OF
Louisiana for the year 1904, they have
formed themselves, their associates and
successors into a corporation for the OBJ
jects and purposes and under the agree
ments and stipulations hereinafter set
forth, which they adopt as their charter.
ARTICLE l. i
The name of this corporation shall be
the PAUL HOPE COMPANY, with
its domicile in the City of Shreveport,
Caddo Parish, State of Louisiana, and
under its said corporate name it shall
have and enjoy succession for period
of fifty (so) years, unless sooner dis
solved as hereinafter specified. All legal
process shall be served on the presi-
dent. or in his absence at the office of
the company, according to law.
ARTICLE II.
The object and purposes for which
this corporation is formed are hereby
declared to be to buy, sell and improve,
real estate, and to purchase and sell
mortgage notes and commercial paper,
and to borrow and loan money, and to
do all things connected with OF apper-
tanning to such business.
ARTICLE III.
This corporation shall have power to
contract, sue and to be sued; to make
and use a corporate seal and the same
to alter at pleasure to hold, receive,
purchase, improves ALLEVIATE, convey, sell,
borrow, pledge, mortgage and hypoth-
ecate under the corporate name, all
kinds of property, and to make and es4
tablish such rules and regulations for
the proper management of the affairs,
as it may deem necessary, and the same
to alter or change at pleasure; and to
enjoy all other privileges and immuni-
ties given by the laws OF the State OF
Louisiana to corporations organized for
similar purposes.
ARTICLE w.
The capital stock of this corporation
is hereby fixed at the sum of FIVE thous-
and ($s,ooo.oo) dollars, divided into ff-
ty (5o) shares of one hundred (SIoo)
dollars each, payable at the time of its
issuance, in cash. This corporation
shall commence business as soon as FIVE
thousand ($s,ooo.oo) dollars shall have
been subscribed and paid.
ARTICLE v.
The corporate powers of the corpor-
alton shall be vested in board of di-
rectors. composed of three Cd stock
holders, who shall be elected annually
on the first Monday in December. The
first board of directors is declared to
be H. Key, E. Key and R. L. Heard
who shall serve until their successors
are chosen. Two Cd members shall
constitute a quorum of the board of oil
lrectors for the transaction of business
The officers of this corporation shall be
president, vice president and treasurer
and secretary, and the first of SAID
Officers are declared to be H. Key, pres.
| ident; E. Key, vice president and treas
i urer. and R.. L. Heard, secretary, ane
they shall serve until their successor
| are chosen, and said officers shall b
elected annually on the first Monday II
i December. a majority of the stool
j present shall elect the. directors, and II
all elections or proceedings Of stock
holders, each share of stock present o
represented by written proxy shall b
entitled to one e. vote. Notice of al
meetings Of stockholders shall be ad
vertised ten (1o) days in daily news
| paper when required by law. Failure t
hold an election for directors on tn
day named shall not dissolve the COT
i poration, but the incumbent director
| shall hold over until their successor
are duly elected and qualified. Any va
: cancy in the board of directors shall b
filled by the remaining directors.
ARTICLE VI.
This charter may be afaendeo' o. 'ili'
corporation may be Dissolved ~ gen
, erai meeting of the stoekholder'' con
yened for thatepurpese. after due an'
!, 1saa1 ,ot;c. = required by the laws o.