The Caucasian. (Shreveport, La.) 1900-192?, 1911-03-05
CHARTER
OF THE WILLER KERN COM
PANY.

State Of Louisiana, Parish of Caddo
Before me the undersigned notary pub
lie, this day came and appeared Samuel
| Willer, Lawrence Kern, Mrs. Stella
Kern and Julius Gatnm, who declared
to me that they do hereby form them
selves into a corporation under the laws
of the State of Louisiana, under the
name and style Of WILLER-KERN
COMPANY, under the stipulations
hereinafter set forth, to-wit:
ARTICLE l.
This corporation shall have the right
to enjoy succession for a period of
ninety-nine (oo) years, with the right
to contract, sue and be sued, and to
hold, purchase, lease, sell and hypothe-
cate property, real and personal The
domicile of this corporation is declared
to be in the City of Shreveport, Louis
lana, where all legal process shall be
served upon the president, or, in his alb
sence at the option of the company &C
cording to law.
ARTICLE II.
+ The objects for which this corpora
ton is organized and the nature of the
business to be carried on are hereby de-
clared to be. to conduct, in the City Of
Shreveport or elsewhere, any form of
mercantile business, wholesale or re-
tail, which its directors may desire, and
TO do and perform all things necessary
or proper in the mercantile business.
ARTICLE III.
The capital stock of this corporation
is hereby fixed at twenty-five thousand
($25,o 100000 dollars, and divided into
two hundred and fifty shares of one
hundred ($Ioooo) dollars each. This
corporation is authorized to commence
business whenever seventy shares of its
capital stock have been subscribed and
paid in FULL either in cash or its equiv
alent, as. the board of directors may de-
termine.
ARTICLE ".
The corporate powers of this copper
alton are vested in a board of directors
of four stockholders who
shall be elected annually on the second
Tuesday in January beginning with the
year 1912. The first board of directors
is hereby declared to be Lawrence Kern,
Mrs. Stella Kern, Sam Willer and Jul
Jus Gamn, who shall serve until their
successors are elected and qualified, The
officers of this company shall be a pres
ldent and secretary-treasurer The first
of said positions are hereby
declared to be Samuel Willer, president,
and Lawrence Kern, secretary-treasurers
The officers shall be elected annually by |
the board of directors and at all meet
Ings of the stockholders a majority of |
the stock shall elect, and a majority of |
The board of directors shall constitute
a quorum and be sufficient to elect. No
ice of all elections or meetings of
shall be advertised ten days
N the daily paper.
ARTICLE "
No stakeholder shall be liable on ac-
count OF any obligation or fault of this
in any sum other than the
amount of the unpaid balance due by
lin on the stock subscribed for, nor
'hall any irregularity or informally in
he organization have the effect of rem
lering this charter null or of exposing
my stakeholder to any liability beyond
'uch unpaid balance
ARTICLE VI.
This charter may be amended, except
o Increasing or decreasing its capital
took, by two-thirds vote of the stock
lolders convened for such purpose, af-
er ten days previous publication in any
# the newspapers in the City of
Whenever this corporation
hall be dissolved, by limitation or 9TH
rwise, its affairs shall be liquidated by
wo commissioners, elected by thel
tockholders at a meeting, who shall
ave full power to wind up its affairs
nd settle its Indebtedness. j
In testimony Of which the above par
es have signed this act, which is also
he original stock subscription list of
aid company, i'll the presence of j. A. +
higpen and R. w. McIIvain, competent /
illnesses, and me, notary public, on i
MS the 18th day Of February 1871. t
LAWRENCE F. KERN Il
SAM WILLER. i
JULIUS GAMM 5
MRS. STELLA KERN. d
Attest b
II THIGPFN