Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-04-29
ACT or INCORPORATION
or THE
TEMSAS REALTY COMPANY.
STATE OF LOUISIANA,

BE 1T KNOWN that on this the 18th day OF
April A. d. 1910. before me, E; F. Newell, dy.
lana, and x-OfIicio a Notary Public. in and
for said Parish and State, duly commissioned
and qualified. and in the presence OF the
competent witnesses hereinafter named and
undersigned, personally came and appeared
the several persons whose names are here
unto subscribed, and who severalIy declared
to me, Notary, that. awaiting themselves Of
the Constitution and the laws OF the state OF
Louisiana, in such cases made and provided,
they contract and agree, and by these pres
ents bind themselves, as well as such other
with them. to form and constitute a corpora
ton and body polite in law, and for the OBJ
jects and purposes and under the agreements
and stipulatiOns following, to-wit:
ARTICLE I-NAME.
The name and STYLE of this corporation shall
be: ''rENSAS REALTY COMPANY" and
by said name said corporation shall be known
and shall have succession and corporate ex-
istence for and during-t the full period and
term of Ninety-nine Years from the date OF
this act. and by said name shall contract.
sue, and be sued.
Said corporation shall have power to make
and use n corporate seal. and the same to
break and alter at pleasure.
ARTICLE II-DOMICILE.
The domicile of this corporation is declared
to be the Town of st. Joseph, in the Parish
of Tensas, State of Louisiana.
ARTICLE III-PURPOSES.
The objects and purposes for which this
corporation Is organized and established,
and the nature Of the business to be carried
on by it, are hereby declared to be:
To engage in, conduct and carry on a Real
Estate Business. and to that end. and for that
purpose to obtain. possess, receive, and ac-
quire by grant. gift, donation, purchase,
lease, or exchange' movapie ana imm0vaG.e
repair and improve property of said nature.
And the same to sell, exchange, part with,
ALLEVIATE. convey; lease, rent, mortgage,
pledge and hypOthecate.
To take, receive. and grant options on
such property for the purchase, sale, or ex-
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 money. and secure the
same by mOrtga ge or pledge, and to issue
corporate bonds and promissory notes In ev-
idence 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 per-
Torrance Of the objects and purposes for
which this corporation Is formed.
ARTICLE Iv-CAPITAL STOCK.
The amount of the capital stock of this cor
pOration is hereby fixed at the sum OF Ten
Thousand Dollars, divided into and repre-
sented by One Hundred Shares Of the par
value of One Hundred Dollars each. Said
stock shall be paid for in cash at the time the
same is issued, or the same may be issued,
at not less than par value, for labor done.
services rendered, or property actually re-
ceived by this corporation.
This charter shall become operative, and
this corporation be authorized to do business
as soon as Three Thousand Dollars OF Its cap:
ital stock has been subscribed and fully paid
for. The balance of said capital stock to be
issued at such time, and upon such condi-
tons tsubject to the provisions OF this cnar; =;
Directors hereof.
ARTICLE v-OFFICERS.
The officers of this corporation shall con-
sist of a President, Vice-president, Secre-
tary and Treasurer and Board OF Directors.
The duties, powers ana authority 81 the
President, Vice-presideot, Secretary and
Treasurer, except as herein provided, shall
be fizezt by the Board of Directors.Fs GrIr-
.He Ssss s % by eee an ,he o same
thel Offices OF Viee-presidenr and OF TfBhs'
urer may be filed by one and the same per.
:. The Board of Directors shailbe composed
of three members hereof, and shah be elect.
ed annually on the first Monday IN May In
each year, exceptthe first Board, appointed
and named in this charter, which shall hold
All such elections shall be made by ballot
at the Office of said corporation under the
supervision of two commissioners, to be APP
pointed by the Board Of Directors. Notice OF
such elections shall be made by publication
for not less than ten days PriOr-tAeretO In a
newspaper published In the Town OF st. JO-
l SeDn In the Sdlu PARISH anu otdtc. Al al SuCu
elections, and at all corporate meetings a
majority of outstanding stock Of this cofpor-
alton shall be necessary to constitute. a quo
rum, and every stock holder shall be enttked
| to one vote for each share of stock standtHg
| in Aisnanfe on the books Of the Corporation,
to be cast in person, or by written proxy, nc
vote shall be allowed on shares of stock trans
ferred within ten days prior to such election.
"A majority OfvOtes cast shall elect.
/ Faiiure to- hold such elections, or to elect
snch officers on the date herein, prescrfbn6
shall NOT dissolve this corporstfon or tmpaai
| its corporate management, but the Directors
| then in office shall SO remain with powers un'
impaired untif their successors are dufy elect.
ed and qualified.
members a President and a Vice-president,
| and shall elect Or appoint a Secretary ana. q
Treasurer. who need not be metnbeEs Of rs
Said Board shall have authority, to appcfn,
assistant Secretary and assistant Tfeasufer,
whoneed not be stock holders Of this c9rpor.
atom hhA4''-a - ," -. = (. =
point Iall sHch officers and agents az Il. may
deem necessary for the purposes and busi-
j ness of this corporation; and shall hayepox'
| er and authority to fix and define the duties
| employees and to remove or diseharge'th
same at their pleasure. -
said Board Of Directors shan III al ydean.
eies occurring among les members by death
1 resignation, or otherwise. ~,
! b Said Board OF Directors Is AUTHORISED 70
make and establish, alter and amend all ~.
laws, rules, and regulations, In its Judgment
1 necessary and proper for the 'cOnQnct and
managenAentOft the affairs Of this corporation,
! Said Board OF Direetorsshalf have finTow;
l Grand authority directly Or through itSpSoP-
l erly constituted agents,.to borrow money, tc
buy and sell property to sexeeute morteA1s.
| and liens, to grant and accept options and
| agencies, to issue bonds, notes, and ObliR8:
| tons, to issue shares OF stock under thec0n
ditiops herein provided, and generally to DC
/ all things reasonable, convenient and necAs'
| sary for the promotion and carrying ON o.
| the business Of said corporation. =, - az
/ In addition TO the special, powers .hereIf
/ enumerated all of the corporate pOweEY "A
| this corporation shall be vested In, and ex'
| ercised by said Board OF DfrectpJs-,,-E ON Of
An citations and other, legal Pfocess, 9h2l
be served upon the president ~ this c0rpor
| alton, or In his absence, upon the Weep
ident, and In the absence OF both Of said ~
ARTICLE NEUTRALITY-SUSPICIOUS. Or DISSo
l 80. ..,L --,tr,,. LUTON. @ot'"" 7I'HosA' g
This act OF Incorporation may be modified
altered, or dissolved by, the assent Of three
fOurths Of the amount OF outstanding capita
| stock represented at a general meeting con
vened for such purpose after thirty Day
previous notice by advertising In newst4
u per published In said town OF st. Joseph.
The capital stock hereof may be increased
or decreased in the manner and form proyid
edin such cases by the laws Of the STATE D
louisiana. -,
i In the event of the dissolution OF this cor
soration, by limitation or otherwise, Its AZ
Fairs shall be 1iquidafed, its debts and lipRiI
tiles discharged, and any balance Of I nd
4 remaining, be divided pro rata among tn