The Caucasian. (Shreveport, La.) 1900-192?, 1911-02-21
CHARTER
OF THE NATIONAL COMPUTING
BIN COMPANY.

: Ilty OF Shreveport: BE II known an
remembered that on this the 4th day c
January in the year of nineteen hundre
and eleven, before me, J. M. Wise, a nc
tary public, duly commissioned and quail
lifted, in and for the Parish of Caddc
State of Louisiana, and in the presenc
of the witnesses hereinafter named ant
undersigned, personally came and ap
peared the persons whose names ar
hereunto subscribed, who declared tina
availiEg themselves of the provisions o
the laws of the State relative to the or
ganization of corporations, they hav'
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 I.
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
on 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 for and during a period of
ninety-nine years from date hereof
ARTICLE II.
The domicile 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 shall
be to manufacture grocers computing |
bins, fertilizer choppers and planters and
other sheet metal specia1ties and gen
eral sheet metal products and general
sheet metal products; and to sell the
same; to buy and to sell patent rights;
10 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
($Ioo,ooo.oo) and shall be issued in
shares Of one hundred dollars each, and
his corporation shall begin business as
,oon as FIVE thousand dollars of its cap
tai stock shall have been subscribed for
md paid in cash or its equivalent in
or labor to the amount of said
um; or enc or all of these methods of
payment may be employed to make up
he said FIVE thousand dollars required.
No stockholder shall ever be held liable
or the debts and claims against this
to a greater extent than the
mount paid in plus any unpaid balance
lie may be due on his stock for which
lie has subscribed Each share of stock
for shall draw its pro rata
f the net profits of the business accord
ng 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 |
urther that all dividends accruing on
hares not paid for, and provided fur
her that all dividends accruing 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
bic and duplicate certificate issued as
nay be provided in the bylaws of this
On July and semi-annual-
y thereafter the board of directors shall
scertain the net earnings of the corpor-
ton for the preceding six months and
.fter deducting all expenses for said six
months shall declare such dividends, as
,rofts, as the treasurer will warrant,
eaying such amount undivided for cur
ent expenses for the management of