The Caucasian. (Shreveport, La.) 1900-192?, 1911-03-19
CHARTER
OF THE LOUISIANA EXPLOITA-
TON ASSOCIATION.

DC II hIIDWlI anu lCIIlCiIlDCI Gu tIldt JII
the 9TH day of March 1911, before me,
\. ]. MurfT, notary public, duly com
missioned and sworn, in and for Caddo
Parish, Louisiana, came and appeared
the parties whose names are hcreuntO
subscribed, residents of said Parish and
State, who declared unto me, notary,
that they have formed and constituted
themselves, do by these presents form
and constitute themselves, as well as
such other persons as may hereafter be-
come associated with them into cor
poration and corporate body, and have
adopted and ordained as their charter
and act of incorporation the following
to-Wit:
ARTICLE I.
The name and title of this corporation
shall be the LOUISIANA EXPLOITA-
TON ASSOCIATION, and by that
name it shall be known and have power
and authority to have and enjoy success
sion for a term of fifty years from the
date hereof, unless sooner dissolved as
may be hereinafter provided; to con-
tract, sue and be sued; to make and use
corporate seal and the same to change
at pleasure; to hold, receive, lease and
purchase, ALLEVIATE and convey, as well as
mortgage and hypothecate property,
real, personal and mixed; to name and
appoint such managers and directors.
| officers and agents as the interest of the
corporation may require, and to make
and establish such rules, bylaws and
regulations for the proper management
Of said corporation as may be neces-
sary, and the same to change Or alter at
pleasure, and perform such other func-
tions as may be allowed by the laws of
Louisiana,
ARTICLE II.
The don1icile of this corporation shall
! be in the city of Shreveport, Caddo
! Parish, Louisiana, and all citations and
other legal process shall be served on
the secretary as the law may direct.
ARTICLE III.
The purposes of this corporation and
its objects are hereby declared to be to
acquire, own, lease, sell, mortgage or
hypothecate both real and personal
property, either in its natural state or
changed or altered by improvements Or
manufacture; to farm, cultivate and
improve real estate or develop the same
| for oil, gas or other minerals, and the
same tie sell and dispose of; to estab-
lish, maintain and operate hay, grain
and farm products elevators and main
tain warehouses or other places of stor-
Fage therefor for hire; to operate and
own gas, electric light plant or other
industrial plant and in fact to do and
perform any and all things necessary or
tending to develop and improve the nat
urar resources of the State of Louisiana
| or adjacent territory and to advertise
advance and exploit its industrial and
commercial resources.
i ARTICLE ~.
i The capital stock of this corporation
lis hereby fixed at one million dollars
Ito be divided into one million shares OF
the par value Of one dollar per share
leach, the corporation to begin business
when $1,000 of its capital stock is sub
lscribed. No certificate of stock shall
be issued until full payment is made
therefor, which may be by money, prop.
erty, services or any other valuable con
! sideration moving TO said corporation
and resolution of the board of direc.
tors of this corporation that the consid
GRAFTON given for any stock is fair ane
adequate shall be conclusive evidences
that if is such; but no stock shall be is
sued for less than the par value thereof
ARTICLE V.
/ The affairs of this corporation shall
: be vested in a board of directors com
!. posed of three stockholders who shall
/ be elected at each annual meeting of thu
!, stockholders tor the ensuing year; TIT
board of directors shall have authori!
TO adopt bylaws for the regulation o
! the business IF this corporation, tc
[ adopt a corporate seal, to hypothecat'
or dispose of any portion of the prop
erty of said corporation for such con
sideration and on such terms of pay
ment as it may deem advisable; to di
; rect and control the officers and en-
/ ployes of the corporation; to pass al
i rules and regulations which it MAJ
deem necessary for the conduct of tht
affairs of said corporation, and to YES
in its general manager by resolution all
or any part, of the powers given by thi:
charter to the board of directors.
!, ARTICLE VI.
i Until the election of board of direc
tors on the first Monday in January
| 1912, the following shall compose tht
board of directors, to-wit: John D. VII
llinson, who shall be president; J. A