Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-05-20
STATE OF LOUISIANA.


III ARTICLE II-DOMICILE.
The domicile of this corporation p declare
70 he the Town Of St. Joseph, in the Parisl
OF Tensas, State Of Louisiana
ARTICLE III-PURPOsEs.
The objects and purposes for which thi
corporation is organized and established
and the nature Of the business to be carrie,
on ny 1t. are hereby declared to be:
To engage in, conduct and carry on a Rea
Estate Business. and to that end and for tina
gulre by grant, gift, donation purcha So
lease, or exchange. movable and immovahl
property; to hold. use. operate, maintain
repair and Improve property of said nature
And the same to sell. exchange part with
alienate. convey. lease, rent, mort ga ge
pledge and hypothecate.
To take, receive. and grant options or
such property for the purchase. sale. or av.
| change of the same.
To act as agents and attOrneys-in-fact for
| any and all OF said purposes
And for the furtherance of said objects and
purposes TO borrow mOnev. and secure the
same by mortgage or pledge, and to issue
| corporate bonds and prOmissory notes in ey-
| fdence of said Indebtedness
To engage in, do, and perform all other
snch acts as may be necessary, usual, or in
cident to the promotion. conduct and nar-
formance OF the objects and purposes for
which this corporation is formed.
ARTICLE Iv-CAPITAL STOCK.
The amount Of the capital stock OF this cor
Inn
Thousand Dollars, divided into and repre-
sented 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 Is issued. or the same NAV he issued,
at not less than par value, for labor done.
services rendered, or property actually re-
ceived by this corporation.
This charter shall become operatiya. 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
hQInnna al at ol~ n
issued at such time. and upon such condi-
tons tsubject to the provisions of this char
teri as shall be determined by the Board of
Directors hereof.
ARTICLE V-OFFICERS.
The officers of this corporation shall con-
sist OF President, Vice-president, Secre-
tary and Treasurer and Board of Directors.
me duties. powers, and authority of the
Treasurer, except as herein provided, shall
be fixed by the Board of Directors
The offices of Secretary and of Treasurer
may De nlled by one and the same person;
the Omces OF Vice-president and of Treas
urer may be filed by one and the same per-
son.
The Board of Directors shall be composed
ed annually on the first Monday in NAV in
each year, except the first Board appointed
and named In this charter, which shall hold
ONCE until the first Monday In Nav 1911
All such elections shall be made by ballot
at the Office OF said corporation under the
supervision of two commissioners To no an
pointed by the Board OF Directors. Notice OF
such elections shall be made by publication
Tor 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 of outstanding stock of this corpor-
alton shall be necessary to constitute quo
rum, and every stock holder shall be entitled
20 one vote Tor each share OF stock standing
In his name on the books of the corporation,
10 De cast In person, or by written proxy, no
vote shall be allowed on shares of stock trans
ferred within ten days prior to such election
A majority OF votes east shall elect
Failure TO hold such elections or to elect
such officers on the date herein prescribed
shall not dissolve this corporation or impair
its corporate management, but the Directors
then in Office shall so remain with powers un-
impaired until their successors are duly elect
ed and qualified.
The Directors hereof shall elect from their
members President and a Vice-president,
and shall elect or appoint a Secretary and a
treasurer, who need not be members of the
Board OF Directors
Said Board shall have authority to aDDoint
Secretary and assistant Treasurer,
who need not be stock holders of this corpor-
alton.
Said Board OF Directors NAV further an
point all such officers and agents as il may
deem necessary for the purposes and bust
ness of this corporation; and shall have DOW |
er and authority to fix and define the duties, |
powers, and salaries of all such agents and |
and to remove or discharge the
same at their pleasure.
Said Board of Directors shall fill all yacan-
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 |
of the affairs of this corporation.
Said Board of Directors shall have full DOW
er and authority, directly or through its prop
erly constituted agents, to borrow money, to /
buy and sell property, to execute MORTGAGES
and liens, to grant and accept options and |
agencies, to issue bonds, notes, and obliga-
lions, to issue shares Of stock under the con-
ditions herein provided, and generally to do
all Things reasonable, convenient, and neces-
sary FOR the promotion and carrying ON of |
the business OF said corporation.
In addition to the special powers herein
enumerated, all OF the corporate powers of |
his corporation shall be vested in, and ex-
ercised by said Board of Directors.
he seryed mons anu th legal process shall
alton, or In his absence, upon the Vice-pres-
dent, and in the absence of both of said Of
icers, then upon the Secretary.
ARTICLE vI-MODIFICATION,o OR DIssO-
LUTON.
This act of incorporation may be modified.
Uttered, or dissolved by the assent of three
'Ourths of the amount OF outstanding capital
stock represented at a general meeting con-
,ened for such purpose after thirty days
per published in said town of st. Joseph.
The capital stock hereof may be increased.
Dr. decreased In the manner and form provid-
ID in such cases by the laws of the State of
LOuisiana~
In the event of the dissolution of this cor
)oratiOn, by limitation or otherwise, its af-
airs shall be liquidated, its debts and liabil-
ties discharged. and any balance OF 4 nds
be divided pro rata among the
,tOck holders, under the superintendent of
Three Commissioners Of liquidation elected
or this purpose at a general meeting OF the
'tock holders, convened after thirty days
'rlor notice, given by publication in a news
PAPER published in said Town of ST. Joseph
said commissioners to remain in Office until
ne affairs OF said corporation are fully liqui-
lated, and, in case of vacancy on said COM III
mission caused by the death or resignation,
'aid vacancy to be filed by the remaining
members thereof.
ARTICLE vII-CHARTER OFFICERS. II
Joseph Curry, President w. NJ. Davidson,
and X. II. whitney, Secre-
airy and Treasurer, have been chosen and
elected as the first Board of Directors, to
serve as such until the first Monday in May,
911, or until their SUCCESSORS shall have been
elected and qualified.