The Caucasian. (Shreveport, La.) 1900-192?, 1912-01-07
CHARTER
OF the Shreveport Development
Company.

day before me, X. d. Webb, a notary
public in and for said parish and
State, personally came and appear
ed NJ. =. Holland, J. ID. Wilkinson
and Y. L. MCCarly, residents Of said
parish and State. who stated and de
cIarcd to me notary that awaiting
themselves Of the Constitution and
laws Of the State Of Louisiana, gov
crnin- the formation Of corporal
tiOns ~ general. that they have
formed and constituted themselves
and do by these presents form and
constitute Themselves as we'll asI
such other persons az may h"rcaf-
ter become associated with them in
TO corporation and body cOrpOr-
ate and have adopted and ordain-
ed and do by these presents adopt
and Ordain as their charter and act
of incorporation the following. to-
wit.
ARTICLE /.
The name and title Of this cor
poralion is hereby declared 10 be
the Shreveport Development Com
pany, with its domicile at the city
of Shreveport, in the parish of
Caddo, State of Louisiana, and I'M
der its said corporate name it shall
have and enjoy succession for al
period of fifty 500 years from this
date, unless sooner dissolved as
as hereinafter stated. All legal
process shall be served on the pres
ident Of the company, or in his alb
sence or inability TO act, on the vice
president, or in his absence or in
ability TO act on the secretary and
treasurer Of The corporation at its
domicile.
ARTICLE II.
The objects of this corporation
and the purposes for which 1t isl
formed are hereby declared TO be
TO buy, acquire, sell, exchange, hold, |
improve, or lease lands, lots, real
estate, houses, timber. oil and min
eral lands, and TO build houses
thereon, or otherwise improve The
same in the States of Louisiana, Ar
kansas, Texas and Oklahoma, with
full power to mortgage, pledge or
hypothecate any and all assets, real
and personal, and to dispose of the
same under such terms ard condi- |
tions as its boad of directors may
prescribe.
ARTICLE III.
The capital stock of this corpor-
alton is hereby fixed in the sum Of
One Hundred Thousand Dollars, di-
yided into one thousand shares of
one hundred dollars each and this
corporation is authorized to begin
business when Thirty Thousand
Dollars of its capital stock shall
have been subscribed and paid for
in full and said stock may be paid
for in cash, property, or labor. to
the satisfaction OF the board of d.
rectors.
ARTICLE ".
The corporate powers of this cor
poration shall be vested in and ex-
ercised by board of directors con-
sisting OF three stockholders, two
of whom shall constitute quorum !
for the transaction Of business, to
be elected at the meeting Of theI
stockholders held on the first Mon
day IN January Of each year, and
who shall hold their offices until
their Successors are duly elected
and installed. Until the electioat
on the first Monday in January, 1913
the following shall constitute thel
board OF directors Of said corpor-
alton, lo-wit: N. ?. Holland, Who'll
shall be president: . ID. Wiikinson,1
who shall be vice president, and VI
l. .McCarty, who shall be secretary
and treasurer. Any vacancy in thel
board of directors shall be filled
by the remaining directors electing
stakeholder to fill said vacancy
for the unexpired term. and said
board Of directors shall have the
power and authority TO name and
appoint any and all agents, MANA
gers and employees as the business
Of the corporation may demand. to
fix the salaries, and to make and
adopt such rules and regulations
and the same to change and alter as
IN their Judgment seems best.
ARTICLE v.
This charter and act Of incorpor-
atiDu NAV ha changed alippnd nr
amended and this corporation may
be dissolved by vote OF three
fourths of the stockholders after a
special meeting called for that pur-
pose in accordance with the laws
OF the State Of Louisiana, and at
all meetings of the stockholders
each share of stock shall be enti-
tied TO one vote to be cast by its
owner i'm person. or nv writtan