The Caucasian. (Shreveport, La.) 1900-192?, 1910-03-01
CHARTER
OF THE FOSTER LAND COM
PANY.

The State of Louisiana, Parish o
Caddo :: Before me, the undersigned au
thority, on this day came and appeared
the several persons whose names are
hereto subscribed, who declared tina
they do hereby form corporation I'm,
der the laws of the State of Louisiana
for the objects and purposes and TN.
der the stipulations following, to-wit:
ARTICLE 1.
The objects and purposes for which
this corporation is organized are hereby
declared to be the purchase and sale of
real estate and other property, with the
right of holding and disposing of same,
or of mortgaging, leasing or pledging
the same, as the directors of this cor
preparation may see proper.
ARTICLE II.
The name and style of this corpora
ten shall be FOSTER LAND COM
PANY, and under its said name it shall
have power and authority to enjoy sue
cession for a period of twenty-five
years.
ARTICLE III.
The domicile of this corporation
shall be in the City of Shreveport, Cad
do Parish, Louisiana; citation or other
legal notice shall be served on the pres
ident, or in his absence on the vice
president.
ARTICLE ".
The corporate powers of this cor
poration shall be vested in and exer-
cised by board of directors, composed
of three stockholders, which said board
shall be elected annually by the stock
holders on the first Monday in January,
beginning with the year 1911. The of
hcers of the corporation shall be a
vice president and secretary
treasurer. The officers shall be elected
by the directors, and the first board of
who shall serve until the first
Monday in January 1911, or until their
successors shall have been elected, shall
be J. c. Foster, J. B. Foster and J. A. |
Thigpen, with ]. B. Foster, president;
J. A. Thigpen, vice president; and ]. C. |
Foster, secretary treasurer. Notice of
meetings shall be given by
ten days publication in any one of the
published in the City of
but such notice may be
waived by the stockholders At ali
meetings, each share of
stock shall be entitled to one vote, and
may be cast by the owner thereof or by
proxy. Any vacancy in the board of
directors shall be filled by the remain
ing directors. Two directors shall CON
,titute quorum. The directors shall
AVE full power and authority to adopt
III rules and bylaws that may be neces-
;ary or needful in the management of
he business of the corporation.
ARTICLE v.
The capital stock of this corporationI
S hereby fixed at one hundred thousand
dollars, to be divided into one thousand
shares of one hundred dollars each
The stock may be issued either in cash
'r for its equivalent in property; pro-
'ided, however, that no stock shall be
disposed of by the directors at less than
'ar This corporation is authorized to
'eGin business when one hundred shares
If its capital stock shall have been sub
cribed and paid for in full
ARTICLE VI
This charter may be amended with
he consent of majority of the stock
folders, at meeting called for such
aften ten days notice in writ
ng. When this corporation is dissolved,
IS affairs shall be liquidated by two
commissioners, selected by the stock
folders, at a meeting called for such
Signed at my Office in the Parish of
1addo, on this the 3Ist day of Decem-
er A. D. 1909.
(Signed) ]. B. FOSTER
(Signed) J. c. FOSTER.
(Signed) J. A. THIGPEN.
Attest: