The Caucasian. (Shreveport, La.) 1900-192?, 1910-06-19
CHARTER
OF THE FRIEND HARDWARE
COMPANY.

OF THE FRIEND HARDWARE
COMPANY.
State of Louisiana, Parish of Caddo
BE It known that on this the 18th day of
May in the year of our Lord one ttous-
and nine hundred and ten, before me,
4. F. Bell Jr., notary public in and
Tor said Parish and State, duly COM
r11iss1brtd and qualified, came and ap-
peared R. c. Friend, T. A. Thomas and
+. {. Cornwall, ali residents of Caddo
Parish, Louisiana, each of whom de
ciared unto me in the presence of the
attesting witnesses, that avaiiing them
selves of the laws of the State of Louis
lana relative to the formation of cor
porations, they do hereby organize
themselves and their successors into
and create corporation, and adopt the
following articles as the charter thereof
to govern themselves and such others
as may become associated with or sue
coed them:
ARTICLE I.
The name an dtit1e of said corporation
is FRIEND HARDWARE COM
PANY, with its domicile in the City of
Shreveport, in said Parish and State;
all legal process to be served on its
president, or in his absence on the sec
.retary-treasurer of the company at its
domicile; and under its corporate name
it shall have authority to sue and be
sued; to make and use a corporate seal
and the same to break and alter at pleas
IRE; to contract; to hold, receive, have,
purchase, improve, ALLEVIATE, convey, sell,
borrow, pledge, mortgage and hypothe-
cate, under its corporate name, property,
real, personal and mixed; to name and
appoint such officers, directors, agents,
managers and employees as the interest
or convenience of said corporation may
require; and to do all other acts and
things permitted by law, or as shall be
necessary and proper to carry out the
objects and purposes OF said corpora
ton.
ARTICLE II.
The purpose for which said corpora
ton is established and the nature of the
business to be carried on by it are here
by declared to be to conduct a general
retail hardware business; to buy and
sell any and all articles which are
classed under the general heading of
hardware, or related thereto, as well as
such other articles as may be determined
by the board of directors.
ARTICLE II.
The capital stock of this corporation
is hereby fixed at the sum of twenty
thousand dollars, divided into two hun
dred shares of one hundred dollars each,
which shall be paid for in cash or by the
transfer of property or labor or service
persosmed, as may be approved by its
board of directors. 1t shall commence
business when its entire capital stock is
subscribed and paid for, and all stock
issued by it shall be fully paid and non
assessable Any stakeholder may sell, |
assign or transfer his stock in this cor
.poration, provided ten days prior notice
of such intention be given the corpora
ton, and the other stockholders thereof
shall have the first privilege of purchas-
ing same, or any part Of same, at its
fair valuation during said ten days; the
same to be transferable only on the
books of the company at its Office, and
on surrender of the certificate or certif-
Gates thereof; all of these conditions as
to sale of stock shall be SO noted on the
certificates of stock.
ARTICLE ".
The affairs of the corporation, except
such as are held by its general manager,
shall be managed and controlled by a
board of directors consisting of three
stockholders who shall be elected at a
stockholders meeting duly held at the
Offices of the company on the first Tues
day in June Of each year by the stock
holders at meeting called for that pur-
pose; if such first Tuesday in June
shall fall upon a legal holiday, the said
meeting shall take place on the first
legal day thereafter At all meetings
of stockholders each share of stock shall
be entitled to one vote whether cast in
person by the owner thereof or by writ
ten proxy, and in all meetings of stock
holders, except as otherwise provided,
a majority Of the stock present or rep
resented at such meeting shall control
At all stockholders meeting called for
the purpose of electing directors, it shall
take eighty per centum Of the outstand-
ing stock Of this company to elect. As
soon as board of directors is elected
It shall Immediately meet, and from its
number elect a president, who shall