The Caucasian. (Shreveport, La.) 1900-192?, 1911-02-19
CHARTER
OF THE iWILLER-HERN COM
PANY.

State of Louisiana, Parish of Caddo
Before me the undersigned notary pub
lie, this day came and appeared Samuel
Willer, Lawrence Kern, Mrs. Stella
Kern and Julius Gamm, who declared
to me that they do hereby form them
selves into a corporation under the laws
of the State of Louisiana, under the
name and style of WILLER-KERN
COMPANY, under the stipulations
hereinafter set forth, to-wit:
ARTICLE I.
This corporation shall have the right
to enjoy succession for period of
ninety-nine (oo) years, with the right
to contract, sue and be sued, and to
hold, purchase, lease, sell and hypothe-
cate property, real and personal The
donlici1e of this corporation is declared
to be in the City of Shreveport, Louis
lana, where ali legal process shall be
served upon the president, or, in his abb
sence at the option of the company &C
cording to law
ARTICLE II.
The objects for which this corpora
ton is organized and the nature of the
business to be carried on are hereby de-
clared to be to conduct, in the City of
Shreveport or elsewhere, any form of
mercantile business, wholesale or re-
tail, which its directors may desire, and
to do and perform all things necessary
OF proper in the mercantile business.
ARTICLE III
The capital stock of this corporation
is hereby fixed at twenty-five thousand
($25,ooo.oo) dollars, and divided into
two hundred and fifty shares of one
hundred ($toooo) dollars each. This
is authorized to commence
business whenever seventy shares of its
capital stock have been subscribed and
paid in full. either in cash or its equiv
alent, as the board of directors may de-
termine
ARTICLE ".
The corporate powers of this corpor-
alton are vested in a board of directors
of four stockholders who
shall be elected annually ON the second
in January beginning with the
year 1912. The first board of directors
is hereby declared to be Lawrence Kern,
Mrs, Stella Kern, Sam Willer and jul
ius Gamm, who shall serve until their
successors are elected and qualified. The
officers of this company shall be pres
ident and secretary The first
of said positions are hereby
declared to be Samuel Willer, president,
and Lawrence Kern, secretary-treasurer.
The officers shall be- elected annually by
the board Of directors and at all meet
lngs of the stockholders a majority of
the stock shall elect, and majority of
the board of directors shall constitute
a quorum and be sufficient to elect. No
tice of all elections or meetings of
shall be advertised ten days
in the daily paper.
ARTICLE ".
No stakeholder shall be liable on ac-
count of any obligation or fault of this
corporation in any sum other than the
of the unpaid balance due by
him on the stock subscribed for, nor
shall any irregularity or informality in
the organization have the effect of rem
dering this charter null or of exposing
any stakeholder to any liability beyond
such unpaid balance.
ARTICLE VI.
This charter may be amended, except
to increasing or decreasing its capital
stock, by two-thirds vote of the stock
holders convened for such purpose, af-
ter ten days previous publication in any
Of the newspapers in the City of
Whenever this corporation
shall be dissolved, by limitation or 9TH
erWise, its affairs shall be liquidated by
two commissioners, elected by the
stockholders at a meeting, who shall
have full power to wind up IFS affairs
and settle its Indebtedness
In testimony of which the above par
les have signed this act which is also
he original stock subscription list of
said company, in the presence of r AZ.
Thigpen and r. ". McIlvain, coneee
witnesses, and me, rtary pubiic.
his the 18th day OF February IeIf.
LAWRENCE f. KERN.
SAM WILLER.
JULIUS GAMM.