The Caucasian. (Shreveport, La.) 1900-192?, 1911-02-26
CHARTER
OF THE NATIONAL COMPUTING
BIN COMPANY.

remembered that on this the 18th day o
January in the year of nineteen hundred
and eleven, before me, J. NJ Wise, a no
tary public, duly commissioned and quail.
fled, in and for the Parish of Caddo
State of Louisiana, and in the presence
of the witnesses hereinafter named and
undersigned, personally came and ap-
peared the persons whose names are
hereunto subscribed, who declared that
ayailing themselves of the provisions OF
the laws of the State relative to the or
gaf1ization of corporations, they have
coyenanted and agreed, and do by these
presents covenant and bind themselves,
and those who may become hereinafter
associated with them, to form them
selves into and to constitute a corpora
ton for the objects and purposes here
matter set forth, to-wit
ARTICLE l.
The name of this corporation shall be
the NATIONAL COMPUTING BIN
| COMPANY LIMITED" and under its
said corporate name it shall have power
and authority to contract, sue and be
sued to make and have and use cor
porate seal and the same to break, alter
or amend al pleasure to hold, receive,
lease, purchase, pledge and sell, under
| its corporate name, property, both real
and personal; TO borrow and loan money
en- security; TO name and appoint such
officers and directors as the interest and
convenience of said corporation may re-
quire to make and establish such rules
and regulations and bylaws for the
Management Of its affairs as it may be
deemed necessary and proper, and to do
all other acts and things as are neces-
sary or may be deemed necessary
and proper to carry out the pur-
pose and objects Of said corpora
ton; and said corporation, unless
sooner dissolved in accordance with the
provisions of this charter, shall exist
and continue Tor and during a period OF
ninety-nine years from date hereof.
ARTICLE II.
The donliciie Of this corporation shall
be in the city OF Shreveport, Caddo Par
ish, State of Louisiana, and all citation
and other legal process shall be served
on its president, or in his absence upon
the vice president, or in case of the abb
sence Of both president and vice presi
dent, on the secretary of the corporation
ARTICLE III
The objects of this corporation shalfI
be to manufacture grocers computing
bins, fertilizer choppers and planters and
other sheet metal specialties and gen
eral sheet metal products and general
sheet metal products; and to sell the
same to buy and to sell patent rights
to make models and drawings for in
ventors and others, and to otherwise
deal in patents, and to do all other acts
necessary for the proper and successful
Of general manufacture.
ARTICLE "
The capital stock of this corporation
shall be one hundred thousand dollars
($Iooooooo), and shall be issued in
shares of one hundred dollars each, and
this corporation shall begin business as
soon as FIVE thousand dollars of its cap
ital stock shall have been subscribed for
and paid in cash or its equivalent in /
or labor to the amount of said
sum; IT one or all Of these methods of
payment may be employed to make up
The said FIVE thousand dollars reqAired.
No stakeholder shah ever be held liable
for the debts and claims against this
to a greater extent than the
amount paid III plus any unpaid balance
le may be due on his stock for which
ne has subscribed Each share of stock
for shall draw its pro rata
if the net profits Of the business accord
iig to the amount paid in on said share,
provided no share shall be entitled to
participate in said dividends unless at
east twenty five per cent on said share
hall have been paid for. and provided I,
iirtfet that ali dividends accrning on
hares not paid for and provided fur
her that all dividends aecruing on share
lot paid for in full, shall be credited to
aid share until the par value of same is
aid in full. Shares Shall be transfer I
BILE and duplicate certificate issued as |
nay be provided in the bylaws of this {
On July and semi annual
i thereafter the board of directors shall /
SERBIAN the net earnings of the corpor
ton for the preceding six months and
fter deducting all expenses for said six I
1onths shall declare such dividends, as
rofits, as the treasurer will warrant,
.aying such amount undivided for cur
emf expenses for the management Of
lie corporation as in their discretion