The Caucasian. (Shreveport, La.) 1900-192?, 1911-10-19
CHARTER
of the McCarty Realty Comnanv


State of Louisiana, Parish of Cad
do: Before me, the undersigned a,l-
thorlty, personally came and an
i'tafed the several persons whose
names are hereto signed. who de-
ciared that they do, by these pres
enis, form themselves into a cor
pofatlon under the laws of the State
OF Louisiana, for the objects and
purposes, as follows, to-wit:
ARTICLE |.
me name and style of this cor
poratlon is hereby declared to be
hcIartS Realty Company. 1t shall
eHJoy corporate existence and shall
Rave all of the powers given by law
10 corporations of its kind for q Pc
ROD OF fifty years from The date
t'efeol, unless sooner dissolved. as
hereinafter set forth.
ARTICLE II.
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 in 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 (S50,00000l dollars
divided into five hundred shares OF
one hundred $4,000 dollars each:
and this corporation is authorized
TO begin business when twenty-three
j thousand five hundred 1928, 50000l
dollars of its capital stock shall
have been subscribed and paid i'll
cash or its equivalent.
ARTICLE ".
The corporate powers of This cor
poration shall be vested in board
Of directors, consisting Of three
stockholders, two of whom shall
constitute quorum for the trans
action Of business. This board shal
be elected annually by ballot by the
stockholders at a meeting to be helC
on the first Monday in December o.
| each year, beginning with The yeal
| 1911. and the directors shall rl"cI
the other officers of the corporation
until such meeting shall be heli
and their successors elected an
qualified. The directors of this cor
porafion shall he Y. l.. McGarts
who shall be president: G. +. DAVIS
who shall be vice president, ana Il
W. Browne, who shall be secretar.
and treasurer. The board OF d'rec'
tors shall have authority TO aaK'
such regulations for the conduct all'
management of the corporation AM
[shall have the right to appoint sucl
lol1ieers and agents and employees a
they may deem proper and neees
cary in the conduct of the huslees
land affairs of the corporation.
ARTICLE V.
This corporation shall have po"r
IN sne and be sued: to buy, sell an
mortgage any and all kinds OF prop
| erty. to contract and be contracts
with: TO make any have corporal
seal and the same to change ana al
| Ter at pleasure; to make donation
whenever such may be to the eVl
dent interest of the corporation, an
generally TO do and perform an
and everything that may be neces
sary in the promotion OF the obJec'
and purposes for which II IS lorinet
ARTICLE VI.
!. At all meetings of stockhoidei
each share of stock shall be entitie
IIo one vote to be cast IN the pefso
of The holder, or by proxy, ana u
majority of votes east shaii eiec
nlblic notice Of the meetings
Stockholders shall be given by prin'
ed notice in one of the newspaper
published in the city Of shreveport
Ior by personal notice mailed TO u
shareholders, TO his postoillce az
dress. provided the stockhoideI
may waive notice or may meet
h unanimous consent without hotic
ARTICLE VII.
This charter or act OF mcorpor'
lion NAV be changed, amended, q
l. tered or abolished except as 10 u
creasing or decreasing Its capt.
stock or the corporation dIssolV'