The Caucasian. (Shreveport, La.) 1900-192?, 1912-03-05
CHARTER
OF the Texas Delinter Company Ltd,
of Shreveport, La.


day of February, 1912, before me,
T. F. Bell Jry notary public in and
for the Parish of Caddo, State of
Louisiana, duly commissioned and
qualified, and in the presence of
witnesses hereinafter named and
undersigned, personally came and
appeared the several persons whose
names are hereunto subscribed, who
seyerally declared that availing
themselves of the laws of the State
of Louisiana relative to the organic
alton of corporations, they have COW
enanted and agreed, and do by these
presents covenant and agree and
bind themselves, as we'll as such 9TH
er persons as may be hereafter as
sociated with them, to form them
selves into and constitute a corpor-
alton and body corporate in law,
for the objects and purposes and
under the conditions, stipulations,
and regulations following, to-wit:
ARTICLE l.
The name and title of this corpor-
alton shall be 'The Texas Delinter
Company Limited" and it's domicile
shall be in the City of Shreveport,
Caddo Parish, Louisiana. Under
the said name it shall exist and en-
joy a corporate existence for the
period of ninety-nine years from
date hereof, unless sooner dissolv-
ed. Tt shall have power to con-
tract, sue and be sued, to make and
use a corporate seal, to hold, &C
quire, lease, sell, and convey, as well
as to mortgage or hypothecate, I'M
der its corporate name, any real or
personal property; to borrow and
lend money and to give or receive
security therefor; to name and ap-
point such managers, officers,
agents, or employees as its interests
may require. 1t shall also have the
power to make and amend such by
laws as may be deemed proper for
the management of it's affairs.
ARTICLE II.
The authorized capital stock of
this corporation is fixed at Ten
Thousand Dollars, divided into One
Hundred shares of One Hundred
Dollars each. The said capital
stock shall be paid for, either in
cash, services rendered, or real or
personal property on such terms as
the board of directors may determ-
inc. The corporation shall begin
business as soon as Three Thous-
and Dollars of the capital stock
thereof has been subscribed. Trans
fers of the aforesaid stock shall be
made on the books of the corpor-
alton by the stockholders in person,
or by written proxy, and under such
rules and regulations as the board
of directors shall prescribe.
ARTICLE iii.
The purposes for which this cor
poration is organized are hereby de-
.clared to be that of manufacturing,
buying and selling and operating
machinery of any kinds, but espec-
tally that which is used in cleaning
cruising, or delinting cotton seed;
that of buying, selling, and manu-
featuring cotton seed and cotton
seed products, as well as any other
commodities not prohibited by law:
and the transaction of any and all
business apperttaining or incidetal
to the said purposes.
ARTICLE ".
The corporate powers of this cor
poration shall be vested in a board
of directors to be composed of three
of its stockholders, a majority of
whom shall constitute quorum.
Said board shall be elected on the
first Tuesday Teach January and
shall enter upon the the discharge
of their duties Immediately on the
same day of each year. Each share
of stock shall be entitled to one
vote, to be cast in person or by
proxy, at an election, and at the an.
nual meeting of stockholders, ma
jority of votes shall be required to.
elect. Thirty days prior notice of
all elections shall be given to all
stockholders, by written or printed
notices mailed to each stakeholder
by the Secretary, addressed to each
stakeholder at his usual post office
address. The said board of direc-
tors, at their first annual meeting,
shall elect from their number, a
president and also a Secretary
Treasurer. John S. Young, r. H..
Ward and w. L. Young the hereby
designated to be the first board of
directors, with John S. Young as
president and w. L. Young as Sec
rtary- Treasurer, who shall act un-
til the first election shall be held
under the terms of this charter, to-