The Caucasian. (Shreveport, La.) 1900-192?, 1910-01-13
CHARTER
OF THE. LAND AND SECURITIES
COMPANY.

State OF Louisiana, Parish of Caddo:
Before me, the undersigned authority
on this day came and appeared the sew
leral persons whose names are hereto
subscribed, who declared that, availing
themselves of the provisions of law
relative to the organization of corpora
tons, they do by these presents bind
and obligate themselves and constitute
a corporation and body polite in law,
for the objects and purposes and under
the agreements and stipulations follow
ing, to-wit:
ARTICLE l.
The objects and purposes for which
this corporation is organized are here
by declared to be the acquiring and
Holding of real estate and other prop
erty and disposing of same, with full
power to mortgage or pledge any prop
erty belonging to said corporation.
ARTICLE II.
The name and style of this corpora
ton shall be LAND AND SECURI-
TIES COMPANY, and under its cor
porate name it shall have power and
authority to have and enjoy succession
for full period of ninety-rine years /;
to contract, sue and be sued; to make
and use corporate seal; to name and
appoint such managers, directors, of
ficerS and agents as the interests and
convenience of said corporation may re-
quire.
| ARTICLE III.
The domicile of this corporation shall
be in the City of Shreveport, Caddo
Parish, Louisiana, and all citation or
other legal process shall be served on
the president of the corporation, or in
his absence on the vice president; tire
officers of the corporation shall be pres
ident, vice president and secretary
treasurer. The first officers of said cor
poration are hereby declared to be ]. C.
Pugh, president; S. L. Herold, vice
president; and J. A. Thigpen, secretary
treasurer, all Of whom shall serve until
their Successors are elected and quail
fed; the first election of officers shall
take place on the first Monday in Jan
uary 1911, an dannually thereafter.
ARTICLE ".
The corporate powers of this cor
poration shall be vested in and exer-
cised by board of directors, composed
of three stockholders; said board of di-
rectors shall be elected every year on
the first Monday in January, beginning
with the year 1911. The first board of
directors shall consist of ]. c. Pugh, S.
L. Herold and ]. A. Thigpen. The di-
rectors shall be elected by the stock
holders, each share of stock being en-
titled to one vote, to be cast by the
owner thereof OF by proxy, and the ma
jority of the votes cast shall elect. Any
vacancy in the board of directors shall
be filled by the remaining directors.
Two directors shall constitute a quo-
rum.
ARTICLE v.
The capital stock of this corporation
is hereby fixed at twenty-five thousand
dollars, to be divided into two hundred
and fifty shares of one hundred dollars
each. The corporation is authorized to
begin business when fifty shares of the
capital stock shall have been subscribed
and paid for in full to the treasurer.
ARTICLE vi.
This charter may be amended or
changed as required by law at any.
meeting of the stockholders, convened
for that purpose, after ten days notice
to the stockholders. If the corporation
should be dissolved, its affairs shall be
liquidated by two commissioners select
ed by the stockholders at a meeting
called fog that purpose.
This done and signed at my Office in
the Parish of Caddo, on this the s1st
day of December A. D. 1900.
(Signed) ]. c. PUGH.
(Signed) ]. A. THIGPEN.
(Signed) S. L HEROID