The Caucasian. (Shreveport, La.) 1900-192?, 1910-09-15
CHARTER
OF THE CAVETT CARRIAGE COM
PANY.

4
personally came and appeared w. R.
Cayett. S. B. Hicks, A. N. Cavett and
(. NJ. Patterson, all residents of Caddo
Parish and State of Louisiana, who de
clared to me that they do hereby form
for themselves and such other persons
as may hereafter boone associated with
them, a corporation under the laws of
the State of Louisiana, made and pro-
vided for the formation of corporations,
for the purpose and objects and under
the stipu1ations and agreements as fol-
lows, to-wit
ARTICLE 1.
The name and style of this corpora
ton shall be CAVETT CARRIAGE
COMPANY, and its domicile shall Be
IN the City of Shreveport, Caddo Par
ish, Louisiana. Under its said name it
shall have power and authority to exist
and enjoy succession for fifty years from
and after this day.
ARTICLE II.
The objects and purposes for which
this corporation is formed and the ma
ture Of the business to be carried on by
| it is hereby declared to be to buy and
sell buggies, surries, farm and delivery
wagons and vehicles Of all kinds, haying
tools, farm implements and machinery,
road machines, gasoline engines, etc, and
to that end to borrow money, give notes
and mortgages and do any and all things
necessary to carry on the objects for
which this corporation is created, sue
cessfully.
ARTICLE III.
This corporation shall have the right
to sue and be sued, citation to be served
on the president, and in his absence on
any officer Of the said company at its of,
fee.
ARTICLE ".
The capital stock of this corporation
is hereby fixed at the sum Of twenty-five
thousand ($25,ooooo) dollars, divided
into two hundred and fifty (25o) shares
Of one hundred ($1ooool dollars each,
TO be issued for cash paid the corpora
tion, or for property conveyed, and for
services rendered, provided, however,
that no stock shall be issued at less than
par, and provided further that this cor
poratiofi may begin business as soon as
one hundred and twenty-five (1a5) |
shares OF It's capital stock shall have
been subscribed and paid for in full,
either in cash OF its equivalent.
ARTICLE ".
The corporate powers Of this corpora
ton shall be vested in and exercised by
board of directors consisting of three
stockholders, two of whom shall con-
stitute d quorum for the transaction of
business. The board of directors shall
make all bylaws, rules and regulations
for the management Of the business and
affairs Of the company, and may amend |
and change the same at pleasure. Thel
board OF directors shall elect the officers
of this corporation All vacancies Gre
ated in the board Of directors BY death, |
resignation or otherwise, shall be filed
by the remaining directors. The first
board Of directors of this corporation
shall consist Of w. R. Cavett, president ;l
Is. B. Hicks, vice president, and R. M.
Patterson, secretary-t which
said board of directors shall remain IN
Office until the first Tuesday in August
roII, or until their successors shall have
been duly elected ard qualified; on the
first Tuesday ID August 1911 and an
nially thereafter, election of directors
shall be held at the Office of the corpor-
Eation in this City Of Shreveport, Caddo
Parish. Louisiana, notice of which said
meeting shall be given in any one Of the
newspapers published IN the City Of
| Shreveport, Louisiana, for ten days prior
to the said meeting At all stockholders
meeting each share shall be entitled to-
one vote, either in person or by proxy
in writing. In the event of failure to-
elect directors as specified above. the
directors then in Office shall serve until
their successors shall have been elected,
and meeting for such election may
then be held at any time after ten days
written notice to each stakeholder.
ARTICLE VI.
This charter may be modified or
amended, except as to the increase or
decrease Of its capital stock, and this
corporation may be dissolved with the
assent of the majority Of the stock at
general meeting OF the stockholders for
sguch purpose after thirty days notice
published in any ef the newspapers IN
the City Of Shreveport, Louisiana.
ARTICLE VII
Whenever this corporation Is dis
/ solved. either By limitation Of its char
/ ter 81 any other cause, its affairs shall
Ibe liquidated BY two commissioners
elected 81 the stockholders at meet
..- ,.yv4,,yt.,ssa5 for such ni3fnoses after