The Caucasian. (Shreveport, La.) 1900-192?, 1911-10-15
CHARTER
OF the. McCarty Realty Company

State of Louisiana, Parish Of Cad
do: Before me, the undersigned au-
thorlty, personally came and ap-
peared the several persons whose
names are hereto signed. who de-
clared that they do, by these pres
ents, form themselves into a cor
poratlon under the laws of the Safe
OF Louisiana, for the objects and
purposes. as follows, tO-wit:
ARTICLE /.
The name and style OF this cor
pOfatiOn is hereby declared to be
MeCarty Realty Company. 1t shall
eHJOy corporate existence and shall
have all of the powers given by law
to corporations Of It's kind for a pc
Rod OF fifty years from the date
l'creof. unless sooner dissolved, as
hereinafter set forth.
ARTICLE III.
The objects and purposes Of this
corporation are hereby declared to
be to conduct the business of buy
ing, selling, exchanging or holding,
lots, lands, real estate. houses, tim
Der, and building houses III the
States of Louisiana, Arkansas and
Texas. with full power to mortgage
any real estate, lands, houses or tim
Der that it may hold. The dOmicile
of this corporation shall be in
Shreveport. CaddO Parish. Louisiana.
Citation shall be made upon the
president or in his absence on the
officers of the corporation according
TO law.
ARTICLE III.
The capital stock Of this corpOr-
alton is hereby fixed in the sum of
fifty thousand (S50,0O000) dollars.
divided into five hundred shares of
one hundred $4,000 dollars each;
and this corporation is authorized
TO begin business when twenty-three
thousand five hundred 1923, 10000
dollars of its capital stock shall
have been subscribed and paid in
cash or its equivalent.
ARTICLE ".
The corporate powers of this cor
poratiOn shall be vested in a board
of directors, consisting of three
stockholders, two of whom shall
constitute a quorum for the trans
action of business. This board shall
be elected annually by ballot by the
stockholders at a meeting to be held
on the first Monday III December of
each year, beginning with the year
1911, and the directors shall elact
the other officers of the corporation
until such meeting shall be held
and their successors elected and
qualified. The directors of this cor
poration shall be Y. l.. McCarty.
who shall be president: C. F. Davis,
who shall be vice president, and E.
w. Browne. who shall be secretary
and treasurer. The board of d'rec-
tors shall have authority to aake
such regulations for the conduct and
management of the corporation and
shall have the right to appoint such
officers and agents and employees as
they may deem proper and neces-
Sary in the conduct of the business
and affairs of the corporation.
ARTICLE V.
This corporation shall have power
to sue and be sued: to buy. sell and
mortgage any and all kinds of prop
erty; to contract and be contracted
with: to make any have corporate
seal and the same to change and al
ter at pleasure; to make donations
whenever such may be to the EVIL
dent interest of the corporation. and
generally to do and perform any
and everything that may be neces-
sary in the promotion of the objects
and purposes for which it is formed.
ARTICLE VI.
At all meetings of stockholders
each share of stock shall be entitled
to one vote to be cast in the person
of the holder, or by proxy, and the
majority of votes cast shall elect;
public notice of the meetings of
stockholders shall be given by print
ed notice in one of the newspapers
published in the city of Shreveport,