The Caucasian. (Shreveport, La.) 1900-192?, 1911-08-27
CHARTER
OF the Nelson Clothing Company

State of Louisiana, Parish of Cad
do: Be it known that on this the 3fst
day of July A. D. 1911, before me,
4. F. Bell Jr., notary public i'll and
for said parish and State, duly COM
missioned and qualified, came and
appeared w. A. Nelson, A. t. Nelson
Jr. and F. L. Wisdom, all residents
of Cadde Parish, La, each OF whom
declared unto me in the presence OF
the attesting witnesses, that awaiting
themselves of the laws of the State
of Louisiana relative to the forma-
ton of corporations, they do hereby
organize themselves and their sue
cessors into and create a corporation
and adopt the following articles as
the charter thereof to govern them
selves and such others as may be-
come associated with or succeed
them:
ARTICLE /.
The name and title Of said corpor-
alton is Nelson Clothing Company,
with its domicile in the City OF
Shreveport, in said parish and State,
and all legal process shall be served
on its president, or in his absence
On the secretary-treasurer of the
company at its office; and under its
corporate name it shall have author
ity to sue and be sued; to adopt and
use a corporate seal, and the same
to change at pleasure.
ARTICLE II.
The purpose for which said cor
poration is established and the ma
ture of the business to be carried on
by it are hereby declared to be to
conduct a general clothing business,
CT every nature whatsoever, both
wholesale and retail, in the city Of
Shreveport or elsewhere, both in the
State of Louisiana and other states,
and to do all things connected with
or incident to any or all of said pur-
poses.
ARTICLE III.
The capital stock of this corpora
ton is hereby fixed at the. sum OF
twenty-five thousand dollars, divid-
ed into two hundred and fifty shares
O. one hundred $500 dollars, par
value, each, which shall be paid for
in cash, or by the transfer of prop
erty or labor or service performed,
as may be approved by its board of
directors, and resolution OF the
board of directors of this corpora
ton that the consideration given for
any stock is fair and adequate shall
be conclusive evidence that it is
such. It shall commence business
whenever twelve thousand five hun
dred dollars of its capital stock is
subscribed and paid for, and all
stock issued by it shall be fully paid
and worcestershire. The balance OF
said capital stock shall not be sold
or disposed of in any way except by
resolution of the board of directors.
No stock shall be sold by the holder
thereof in open market except after
ten days prior notice Of intention to
sell has been given the company,
during which time the other stock
holders shall have the privilege of
purchasing same.
ARTICLE ".
The affairs of the corporation
shall be managed and controlled by
a board Of directors consisting OF
three stockholders, who shall be
elected at a stockholders meeting
duly held at the Office of the COM
pany on the first Tuesday in August
Of each year by the stockholders at
a meeting called for that purpose,
and at stockholders meetings, each
share of stock shall be entitled to
one vote, whether cash in person or
by written proxy, and at all meet
ings of stockholders, except as 9TH
srwise provided, majority OF stock
represented at such meeting shall
control. The number of directors
may be increased from three to five
at any time by the stockholders at
any stockholders meeting. Until the
election to be held in August 1912,
the following persons shall constl-
tute the board of directors of this
corporation: w. A. Nelson, A. L. Nell
sen Jr., and F. L. Wisdom, with A. L.
Nelson Jr., as president; F. L. Wis
dom as vice president, and w. A.
Nelson as secretary-treasurer, who
shall hold their offices until their
successors are duly elected and
qualified. Any vacancy occurring in
the board of directors shall be filled
by the remaining members or mem
Der ow said board of directors for
the unexpired term. Whenever a
beard of directors is elected it shall
Immediately meet and elect from
among its members a president, a
vice president and secretary treas
n