The Caucasian. (Shreveport, La.) 1900-192?, 1910-01-11
CHARTER
OF THE PAUL HOPE COMPANY

State of Louisiana, Parish Of Caddo
5 Be It remembered, that on this the Iotl
! day of December A. D. 1909, before me
Leon R. Smith, notary public in ant
, for Caddo Parish, Louisiana, dzly
commissioned and qualified, and in th'
, presence of the witnesses hereinafter
named and undersigned, personally
came and appeared the persons whose
+ names are hereunto subscribed, who
severalIy 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 1.
The name of this corporation shall be
the PAUL HOPE COMPANY, with
its donnicile 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 (5o) 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 or apper-
tanning to such business.
ARTICLE III.
This corporation shall have power to
contract, sue and to be sued; to make
and use corporate seal and the same
to alter at pleasure; to hold, receive,
purchase, improve, ALLEVIATE, convey, sell,
borrow, pledge, mortgage and hypoth-
ecate under the corporate name, all
kinds of property, and to make and es-
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 t
enjoy all other privileges and inmuni [
ties given by the laws of the State of t
Louisiana to corporations organized for i
similar purposes. Y
ARTICLE ". t
The capital stock of this corporation 1
IS hereby fixed at the sum of FIVE thous- G
and ($5,ooooo) dollars, divided into ff- f
y (5o) shares of one hundred ($Ioo) p
dollars each, payable at the time of its I
ISSUANCE, in cash. This corporation o
'hall commence business as soon as FIVE IL
thousand ($5,ooo.oo) dollars shall have c
,een subscribed and paid s.
ARTICLE ".
The corporate powers of the corpor-
tion shall be vested in board of d.
ectors composed of three Cd stock \
folders, who shall be elected annually
n the first Monday in December. The
Irst board of directors is declared to
,e H. Key, E. Key and R. L. Heard, S;
Who shall serve until their successors F
re chosen. Two (2) members shall F
Constitute quorum of the board of di- b
ectors for the transaction of business. a
he officers of this corporation shall be fc
president, vice president and treasurer q
nd secretary, and the first of said c
Ulcers are declared to be H. Key, pres lie
dent; E. Key, vice president and treas
rer, and r. l. Heard, secretary, and r,
hey shall serve until their successorsl :,
re chosen, and said officers shall be r
lected annually on the first Monday in
December. A majority of the stock .
resent shall elect the directors, and in
II elections or proceedings of stock =
olders, each share of stock present or
epresented by written proxy shall be =
nt1tled to one IL vote. Notice of all r
meetings of stockholders shall be adj :
ertised ten (Io) days in daily news :
aper when required by law Failure to :
old an election for directors on the
ay named shall not dissolve the cor
Grafton, but the incumbent directors
hall hold over until their successors
re duly elected and qualified. Any va N
ancy in the board of directors shall be
lied by the remaining directors.
ARTICLE VI.
This charter may be amended, or this
may be dissolved at a gen -
raj meeting of the stockholders, con-
ened for that purpose, after due and -
gal notice, as required by the laws of Ii
ne State of Louisiana, on a vote of r
1ree-fourths go of the entire cap -
al stock of this corporation, and when :"
.. dissolved, or when dissolved by lin