The Caucasian. (Shreveport, La.) 1900-192?, 1911-02-23
CHARTER
OF THE NATIONAL COMPUTING
BIN COMPANY.

remembered that OH LIl1S llIG 4tII udy vi
January in the year of nineteen hundred
and eleven, before me, J. M. Wise, no.
tary public, duly commissioned and quar-
flied, in and for the Parish of Cadde,
State of Louisiana, and in the presence
of the witnesses hereinafter named and
undersigned, personally came and ap-
peared the persons whose names are
hereunto subscribed, who declared that
availirg themselves of the provisions of
the laws of the State relative to the or
ganization of corporations, they have
covenanted 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 l.
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 sor-
porate seal and the same to break, alter
or amend at 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 period of
ninety-nine years from date hereof.
ARTICLE II.
I he 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 alb
sence of both president and vice presi-
dent, on the secretary of the corporation.
ARTICLE III 49,
The objects of this corporation shall
be to manufacture grocers computing
bins, fertilizer troopers and planters and
other sheet metal specialties and gen
era1 sheet metal products and general
sheet metal products; and to sell the
same; to buy and to sell patent rights;
to make n1edels 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
management of a general manufacture.
ARTICLE ".
The capital stock of this corporation
shall be one hundred thousand dollars
(SIoo, ooo.oo), and shall be issued in
shares of one hundred dollars each, and
this corporation shall begin business as
soon as FIVE thousand dollars of its cap
ital stock shall have been subscribed for
and paid in cash or its equivalent IN
property or labor to the amount OF said
sum: or enc or all of these methods OF
payment may be employed to make up
the said FIVE thousand dollars required.
No stakeholder shall ever be held liable
for the debts and claims against this
corporation to greater extent than the
amount paid in plus any unpaid balance
he may be due on his stock for which
he has subscribed Each share of stock
subscribed for shall draw its pro rata
Of the net profits of the business accord
ing to the amount paid in on said share,
provided no share shall be entitled to
participate in said dividends unless at
least twenty-five per cent on said share
shall have been paid for, and provided
further that ali dividends accruing on
shares not paid for, and provided fur
Their that all dividends accruing on share
not paid for in full, shall be credited to
said share until the par value of same IS
paid in full. Shares shall be transfer
able and duplicate certificate issued as
may be provided in the bylaws of this
corporation. On July and semi-annual-
" thereafter the board of directors shall
ascertain the net earnings of the eorpor-
alton for the preceding six months and
after deducting all expenses for said sia
months shall declare such dividends, as
profits, as the treasurer will warrant
leaving such amount undivided for cur,
rent expenses for the management Of
tile corporation as in their discretion
may be necessary.
ADTTrT r W