Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-05-13
ACT OF INCORPORATION
OF THE
1NSAS REALTY COMPANY.
STATE OF LOUISIANA,

Clerk Of the Tenth District Court Of Louis
lana, and ex-OffcfO Notary Public. in ant
II for said Parish and State. duly commissioned
and qualified, and in the presence Of tn.
II competent witnesses hnroinafter -arrrd rrt
undersigned. personally camn 80 ann ~ ~
the several persons whose rnr,4. ara , -
unto subscribed. ard who savar " ire',
to me. Notary. that. ava]fng .hnmso'vas n
the Constitution and the laws Of the State n
Louisiana, In such cases made and provided
they contract and agree. and nv these pres
ents bind themselves. as wen as such othe1
persons as may hereafter become associated
with them, to form and constitute n corpora.
ton and body polite in law. and for the Oh.
jects and purposes and under the agreements
and stipulatiOns following, to-wit:
Il ARTICLE I-NAWE.
i The name and s+vIa ~ .h's on-,~-- 40, a. ~
be: '"rENSAS REALTY CONpANv :" AVID
/ by said name said corporation sha', ha know,
| and shall have succession and corporate e~.
istence for and durine tho fnu pariod and
this act. and nv said name shall contract.
sue. and he sued.
Said corporation shah have mower TO make
and use corporate seal. and the same to
break and alter at pleasure.
| ARTICLE II-DOMICILE.
The domicile Of THE corporation IL declared
| to he the Town Of At. Josanh. in the Parish
OF Tensas, State NJ Lnnisiana.
ARTICLE III-PrRpOsEs.
The objects and purnoses for which %h,s
corporation Ia oreanizad and Astahiished .
and the nature NJ the hnsiness IN he carried
| on by Il. are hereby declared to he:
To engage In. conduct and carry m a Real
! Estate Business. and IN that end. and fo- that
Guire nv grant. gift. deviation. nurchasa
lease. or EXCHANGE. movable and immovahle
DroDertv: tn hold. nsa. onerate. maintain
repair and improve pronnrtv ~ said nature
And the same tn sell. EXCHANGE. mart with
ALLEVIATE. convey. lease. rent mortg ge
pledge and hvpcthecate.
To take. receivA. and grant oetiOns on
such Dropertv fo- the purchase. sale. or ex-
change Of the same.
To act "a agents and attnrnevs-in-fact for
any and all Of said purposes.
purposes TO borrow MONEY! and secnre tho
same bv MORTGAGE or plndco. and to Issue
rOrpOrafe bonds and nronssorv notes In ev-
idence Of aaid Indebtedness
To engage in. do. and perforn all other
snch acts A. NAV he nocessarv usual or in.
cfdent to the promotion. condrct. and per-
formance Of the objects and purposes for
which this corporatioo II formed.
ARTICLE rv-CAprTAL STOCK.
The amount of the canital stock of this cor.
n0ration IN hereby flved NJ the sum of Ten
thousand Dollars. divided into and repre-
sented by One Hundred Shares Of the mar
value Ct One Hn.ared Dollar. each. Said
same ~ Issued. or the same NAV no issued
at not less than par value, for labor done.
services rendered. or property actually re-
This charter shall become lucrative. and
this corporation he authorized 70 do business
a. ao0n A. Three Thousand Dollars Of its cam
for. The balance of aaid capital stock 10 ne
iasued at auch time. and upon such condt-
lions tsuhiect to the n-ov's'ors ~ this char
teri a. sha'l ne determined nv the Board Of
Directors hereof.
ARTICLE v-OFFICERs. 4
The ofncers of this corporation shall con-
sist OF President, Vice-president. Secre-
tary and Treasurer and Board of Directors.
The duties, powers: and authority of the
Treasurer. except IS herein provided, shall
be fixed by the Board Of Directors.
The Offices Of Secretary and Of Treasurer
the offices Of Vice.presidens and Of p Treas:
urer may be filed by one and the same per
>; The heb Board Of Director. shall be composed
ed annually on the first Monday in May In
each year. except the first Board, appointed
and named in this charter, which shall hold
All such elections shall be made by ballot
at the once of said corporation under the
supervision OF two commissioners, to be ap-
such elections shall be made by publication
for not less than ten days prior thereto in a
newspaper published In the Town Of st. Jo-
seph IN the said Parish and State. At all such
elections, and at all corporate meetings q
majority Of outstanding stock Of this corpor-
alton shall be necessary to constitute ouo.
rum, and every stock holder shall be entitled
to one vote for each share of stock standing
In his name on the books Of the corporation,
to be cast In person, or by written proxy, no
vote shall be allowed on shares Of stock trans
ferred within ten days prior to such election.
A majority of votes cast shall elect.
Failure to hold such elections, or to elect
such officers on the date herein prescribed
shall not dissolve this corporation or impair
It's corporate management, but the Directors
then in ONCE shall so remain with powers I'M
Impaired until their Successors are duly elect.
ed and qualified.
The Directors hereof shall elect from their
members President and Vice-president,
and shall elect or appoint Secretary and q
Treasurer. who need not be members of the
Said Board shall have authority to appoint
assistant Secretary and assistan Treasurer.
who need not be stock holders of this corpor-
alton.
Said Board of Directors may further an
point all such officers and agents as 1t may
deem necessary for the purposes and bust
ness OF this corporation; and shall have pow
powers, and salaries Of all such agents ant
employees and TO remove or discharge tn.
same at their pleasure.
Said Board Of Directors shall All all vacan-
ctes occurring among its members by death |
resignation, or otherwise.
Said Board Of Directors is authorized to
make and establish. alter and amend all by
laws, rules, and regulations, in its Judgment
necessary and proper for the conduct anG |
management of the affairs of this Corporation.
Said Board OF Directors shall have full pow
er and authority, directly or through its prop
erly constituted agents, to borrow money, to |
buy and sell property, to execute mortgages
and liens, to grant and accept options and |
agencies, to issue bonds, notes, and obliga- |
tons, to issue shares of stock under the con
ditions herein provided, and generally to do |
all things reasonable, convenient, and neces-
sary for the promotion and carrying ON of /
the business Of said corporation.
In addition to the special powers herein |
enumerated, all OF the corporate powers of |
this corporation shall be vested In and ex- |
ercised by said Board of Directors.
j.. All citations and other legal process shall /
be served upon the President OF this corpOr-
alton, or In his absence, upon the Vice. pres
ident, and In the absence OF both of said Of /
hcers, then upon the Secretary.
ARTICLE VI-MODIFICATION, OR DISSO-
This act Of Incorporation may be modified, |
altered, or dissolved by the assent Of three
fourths of the amount Of outstanding capital /
stock represented at q general meeting con-
vened for such purpose after thirty days
previous notice by advertising In a newspa- /
per published In said town Of st. Joseph.
The capital stock hereof may be increased.
or decreased in the manner and form prOvid- i
ed In spch cases by the laws of the State Of
In the event of the dissolution of this cor
poration, by Limitation or otherwise, its af- L
fairs shall be liquidated, its debts and liabil-
tiles discharged, and any balance of I nds L
remaining, be divided pro rata among the i
stock holders, under the superintendent Of l
Three Commissioners of liquidation elected /
for this purpose at general meeting of the
stock holders, convened after thirty days
hxvv ltrot f<S,,l