The Caucasian., 1910-07-21
CHARTER
OF THE GULF STATES BETTING
AND HOSE COMPANY.

State of Louisiana, Parish of Caddo
Be it remembered that on this the first
day Of July A. D. 1910, before me, John
D. Wilkinson, a notary public in and
for said parish, duly commissioned and
sworn, personally came and appeared
H. C. Spring, H. E. Spring and H. S.
Barbee, all residents of said parish and
State, who declared to me notary that
availing themselves of the Constitution
and laws of the State of Louisiana in
relation to the formation of corpora
tions, they have formed and constituted
themselves and do hereby form and
constitute themselves, as we'll as such
other persons as may hereafter become
associated with them, into corporation
and body corporate and have adopted
and ordained and do adopt and ordain
as their charter and act of incorporation
the following, to-wit:
ARTICLE I.
The name and title of this corpora
ton shall be the GULF STATES
BETTING AND HOSE COMPANY,
and under said corporate name it shall
have and enjoy succession for period
of fifty years unless sooner dissolved as
hereinafter provided Its domicile shall
be at the city of Shreveport in the par
ish of Caddo, State of Louisiana, and
all legal process shall be served on the
president or in his absence on the vice
president at the office of the company.
ARTICLE II.
The purposes for which this corpora
ton is formed and its objects are here
by declared to be to manufacture, buy
and sell betting, hose and packing, and
to do a general mill supply business,
and to that end to acquire, own or pur-
chase both real and personal property
in the State of Louisiana or elsewhere,
and the same to mortgage, hypothecate
or sell at the will of the board of di-
rectors
ARTICLE III.
The capital stock of this corporation
is hereby fixed at the sum of fifty
thousand dollars, divided into five hun
dred shares of the par value of one
hundred dollars each, and it shall com
mence business and become a going
concern whenever ten thousand dollars
of its capital stock IS actually subscribed
and paid for; said stock may be paid
for in cash, property or labor or other
thing of value at the discretion of the
board of directors.
ARTICLE ".
The affairs of this corporation shall
be managed and controlled by boarG
of directors consisting of three stock
holders to be elected annually on the
first Monday in August of each year
at a general stockholders meeting called
for that purpose; each share of stocE
shall b. entitled to one vote by its own
er or through written proxy. Unit
| the election in August 1911 the follow
ing shall compose the board of direc-
tors of this company: H. c. Spring
who shall be president and treasurer
II. E. Spring, who shall be vice presi
dent; and H. S. Barbee, who shall b.
secretary. The said board of director:
/ shall have power to make and adop
such rules, regulations or bylaws a
the business of the company may direct
and to employ and discharge at pleasure
any and all clerks, laborers, assistant:
or other help needed in the administra-
ton of its affairs and shall have power
Ito fill any vacancy in the board of di
rectors however caused by electing ;
stockholder' to fill the unexpired term O.
such member retiring therefrom.
ARTICLE V.
This charter may be amended, altered
or this corporation dissolved at vot
of e-fourths of its stock at meet
ing called for that purpose in accord
ance with the laws of the State o
Louisiana, and when dissolved, efthe
by limitation or otherwise, its affair
shall be liquidated by commissions
fappointed for that purpose who shall
give such bond and have such power
as may be conferred on him by tn
stockholders at such meeting. All no
tees may be given to stockholders o
t directors by letter addressed to ther
at his postofice address, provided tha
, nothing herein shall prevent the stock
holders or directors from waving sue
notice, or holding meetings without an
{ notice at all by unanimous consent.
ARTICLE VI.
No stockho1der of this corporatio
5 shall ever be held liable for the con
) tracts or faults thereof in any furthe
! sum than the unpaid balance due on hi
!. stock, nor shall any mere inforn1alit
have the effect of rendering this charte
null or of exposing a stakeholder to an
other or further liability than his stoel
In testimony whereof the said partie
a