The Caucasian. (Shreveport, La.) 1900-192?, 1910-01-27
CHARTER
OF THE FOSTER Lar
PANY.

| The st'A Of louisiana. Parish ,.Ii.s e. e
c,[fdo. Rsss,oe. the undersignsoa. :
thority, on this sa,rs nc -. are
the several psrsas whose
hereto sub ~ibed, who declare
Tthey d9 he Ivy form corporati
der ths a. # The State of LotftsE
tor J Its and purposes and I'M
% 'lations following, to-wit.
ARTICLE /.
,Jects and purposes for which
this corporation is organized are hereby
declared to be the purchase and sale Of
real estate and other property. with the
right Of holding and disposing of same,
or of morgaging leasing or pledging
the same, as the directors of this cor
preparation may see proper.
ARTICLE II.
he name and style of this corpora
lion shall be FOSTER LAND COM
PANY, and under its said name II shall
have power and authority to enjoy Sue
cession for period of twenty-five
years.
ARTICLE III.
The domicile Of this corporation
hall be in the City Of Shreveport Cad
do Parish, Louisiana; citation or other
legal notice shall be served on the pres
ident, or in his absence on the vice
president.
ARTICLE ".
The corporate powers of this cor
poration shall be vested in and exer-
cised by board of directors, composed
Of three stockholders, which said board
shall be elected annually by the stock
holders on the first Monday in January,
with the year 1911. The Of
ficers of the corporation shall be
president, vice president and secretary
treasurer. The officers shall be elected
by the directors, and the first board of
directors, who shall serve until the first
Monday in January 1917, or -sss+4+ g7fIIITiifS>
shall have been elected. shall
be J. c. Foster, J. 3. Foote, anu }. n.
Thigpen, with J. B. Foster, president
]. A. Thigpen, vice president; and ]. c.
Foster, secretary-treasurer Notice of
stockholders meetings shall be given by
ten days publication in any one of the
published in the City of
but such notice may be
waived by the stockholders At all
meetings, each share of
stock shall be entitled to one vote, and
may be cast by the owner thereof or by
proxy Any vacancy in the board of
directors shall be filled by the remain
ing directors Two directors shall COM
stitute quorum. The directors shall
have full power and authority to adopt
all rules and bylaws that may be neces-
sary or needful in the management of
the business of the corporation.
ARTICLE v.
The capital stock OF this corporation
is hereby fixed at one hundred thousand
dollars, to be divided into one thousand
shares of one hundred dollars each
I he stock may be issued either in cash
or for its equivalent in property; pro
vided, however, that no stock shall be
disposed of by the directors at less than
par. This corporation unauthorized to
begin business when one hundred shares
of its capital stock shall have been sub
scribed and paid for in full
ARTICLE VI
This charter may be amended with
the consent of q majority of che stock
holders, at = meeting called for such
purpose, aften ten days notice in writ
ing. When this corporation is dissolved,
its affairs shall be iiquidatcd By two
commissioners, selected by the stock
holders, at a meeting ca1fcs~4+-F.-.s4lgn---
purpose.
Signed at my Office in the Parish of
Caddo, on this the atst day Of Decem-
Der A. d. 1909.
(Signed) ]. B. FOSTER.
(Signed) ]. c. FOSTER.
(Signed1 A THTEpFN