The Caucasian. (Shreveport, La.) 1900-192?, 1911-02-26
CHARTER
OF TIE WILLER KERN COM
PANY.

OF TIE WILLER KERN CON
PANY.
State of Louisiana, Parish of Caddo
| Before me the undersigned notary pub
lie, this day came and appeared Samue
WiIler, Lawrence Kern, Mrs. Stell
Kern and julius Galnm, who declared
TO me that they do hereby form them
selves into a corporation under the laws
of the State of louisiana, under tht
name and style of WILLER-KERN
COMPANY, under the stipulation:
hereinafter set forth, to-wit:
ARTICLE I.
This corporation shall have the right
to enjoy succession for a 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
doniicile of this corporation is declared
to be III the City of Shreveport, Louis
lana, where all legal process shall be
served upon the president, or, in his abb
sence at the option of the company &C
cording to law.
ARTICLE H.
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 ali things necessary
or proper in the mercantile business.
ARTICLE III.
The capital stock Of this corporation
is hereby fixed at twenty-five thousand
($25,ooooo) dollars, and divided into
two hundred and fifty shares of one
hundred ($1oo.oo) dollars each. This
corporation is authorized to commence
business whenever seventy shares of its
capital stock have been subscribed and
paid in full, either in cash or its equity
alent, as the board of directors may de-
ternine.
ARTICLE "
The corporate powers of this corpor-
alton are vested in a board of directors
cr,,,s:e+:.,er - fo,.. c41,1.i51f,Ia-- x.L1
shalt be elected annually on the second
Tuesday 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
incumbents 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
ings 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
tiee of all elections or meetings of
stockholders shall be advertised ten days
in the daily paper
ARTICLE v.
No stakeholder shall be liable on ac-
count of any obligation or fault of this
corporation in any sum other than the
amount of the unpaid balance due by i
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
q increasing or decreasing its capital
'tock, by two-thirds vote of the stock
holders convened for such purpose, af-
er ten days previous publication in any
If the newspapers in the City of
Shreveport. Whenever this corporation
hall be dissolved, by limitation or 9TH
.rwise, its affairs shall be liquidated by
wo commissioners, elected by the
stockholders at a meeting, who shall
lave full power to wind up its affairs
md settle its indebtedness.
In testimony of which the above par
les have signed this act, which is also
he original stock subscription list Of
aid company, in the presence of j A.
Fhigpen ard RI FcEly..i5s. ee,.fag .5....
witnesses, atd
ms the 18TH day or fSDfalry 1871
LAWRENCE +. KERN. I
SAM WILLER.
JULIUS GAMM. I,
MRS. STELLA KERN
Attest
T. A. THTGpEN