The Caucasian. (Shreveport, La.) 1900-192?, 1911-11-07
CHARTER
OF the f. w. Pals Automobile and
Machinery Company

Machinery NOanpaHy
State of Louisiana, Parish of Cad
do: Before me, the undersigned no.
tary public, duly commissioned and
sworn, appeared R. E. Allison, ]. I.
Allison, w. T. Moore and F. w. Pal
is. who declared to me that they do
hereby form themselves into cor
poration under the laws of the State
of Louisiana, under the stipulations
hereinafter set out, to-wit:
ARTICLE I.
The name and style Of this cor
poration is hereby declared to be
f. w. Pals Automobile & Machinery
Company. It shall have the right to
enjoy succession for twenty-five
years, with the right to contract,
sue and to be sued; and to hold,
purchase, lease, sell and hypothe-
cate property, real and personal. Its
domicile shall be in the city OF
Shreveport, Louisiana, and all eta
ton and other legal process shall
be made on its president, or in his
absence at the office of the COM
pany according to law.
ARTICLE IL.
The objects and purposes for
which this corporation is organized
and the nature of the business to be
carried on by it are hereby declar-
ed to be to conduct the business of
buying and selling automobiles, gas
engines, and other machinery; to
conduct a garage in the city of
Shreveport: to carry on the bust
ness of repairing automobiles and
other machines and to carry on the
business of owning and operating
automobiles for hire.
ARTICLE III.
The authorized capital stock OF
this corporation is hereby fixed in.
the sum of ten thousand $4,000,
dollars each. The corporation is au-
shares on one hundred 100000,
dollars each. The corporation is au-
thorized to commence business and
shall be going concern whenever
forty {40) shares of its capital
stock is subscribed and paid for.
The capital stock of this corpora
ton shall be disposed of for not less.
than its par value, and all stock is
sued by this corporation shall be
full paid and worcestershire, provi-
ded, however, that the corpora ton
may issue stock in payment of
property, to the extent of the cash
value thereof in the opinion of the
board of directors of the company.
ARTICLE ".
The corporate powers of this cor
poration shall be vested in board
of directors, consisting Of not less
than three or more than five stock
holders, who shall be elected annu-
ally on the first Thursday in Janu-
airy. The first board of directors
is declared to be r. e. Allison, J. T.
Allison, w. T. Moore and f. w. Pal
is, who shall serve until the first
Thursday in January 1912, or until
their successors are elected. The of
ficers of this company shall be a
president, vice president, secretary
and treasurer, and the first of said
officers is declared to be r. E. AL
lison, president: j. T. Allison, vice.
president and treasurer: w. T.
Moore, secretary.
The said officers shall be elected
annually on the first Thursday in
January. A majority of the stock
shall elect the directors, and in all
elections or proceedings of stock
holders each share of stock pres
ent or represented by written
proxy shall be entitled to one vote.
Notice of all elections or meetings
of stockholders shall be advertised
in a daily newspaper in the city of
Shreveport: provided. however, that
such notice may be waived by un-
anim0us consent of the stocknold-
ers.
ARTICLE ".
No stakeholder shall be liable on
account of any obligation to this
corporation in any other sum than
the amount Of the unpaid balance