The Caucasian. (Shreveport, La.) 1900-192?, 1912-08-06
CHARTER
OF the Shreveport Salvage Company.

sworn, personally came and ap-
peared Il. L. Heilperin, Isidore Hol-
land, A. 5. Chenet, Wheeler Shrop-
shire and ID. w. Harrell, all residents
OF Shreveport, Caddo Parish, Louis
lana, who declared to me, notary,
that they have and do by these pres
ents form and constitute themselves
into a corporation and have adopt
ed as their charter the following,
tO-Wlt:
ARTICLE |.
The name and title of this cor
pOratiOn shall be shreveport Sal
wage Company" with its domicile in
the City of Shreveport, in the Par
is h of Caddo, State of Louisiana, and
under its corporate name it shall
have and enjoy succession for a Pc
riOd of fifty years, unless sooner dis
solved as hereinafter provided. All
legal process shall be served on the
president, or, in his absence, on the
vice president of the company at the
office of the corporation.
ARTICLE II.
The purpose for which this cor
pOratiOn is organized and the nature
Of its business, is declared to be the
buying and selling of all sorts of
waste material. and also the right
to buy and sell oil we'll supplies of
all kinds, with the further right to
purchase and acquire such real es-;
tate as may be necessary in the con-
duct of the business of the corpora
ton, with the right to dispose of
same at pleasure.
ARTICLE III.
The capital stock of this corpora
ton is fixed at the sum of twenty
five thousand dollars, divided into
two hundred and fifty shares of the
par value Of one hundred $500 dol
lars each, and it shall commence
business and become a going con-
Germ when $1,000 of its capital stock
is subscribed and paid for in cash
or property, at valuation to be
fixed by the board of directors, and
when issued shall be fully paid and
non aSseSSable.
ARTICLE ".
The affairs of this corporation
shall be managed by board of di-
rectOrs consisting of three stock
holders, to be elected at general
stockholders meeting on the first
Monday in July of each year, who
shall hold their offices for one year,
or until their successors are elected
and installed, and any vacancy oc-
curing in said board of directors
shall be filled by an election of the
board of directors of a stakeholder
for the unexpired term. Until the
election of the first Monday in July
1913, the following shall constitute
the board of directors of this cor
poration: H. l.. Heilperin, who shall
be president; Isidore Holland, who
shall be vice president; Wheeler
Shropshire, who shall be secretary
and treasurer.The board of directors
shall have the right to make and
adopt all needful regulations or by
laws, and the same to alter or
change at pleasure, and to- employ or
all managers, superin- |
clerks or other employees |
as may be needful in the manage
ment of the affairs of said corpora
ton. r..
ARTICLE V. .- |
This charter may be amended, or
this corporation dissolved, by the |
vote of it's capital stock at meet
ing held for that purpose after ten
days notice addressed to each stock |
holder through the United Statesi
mails, except when otherwise spe-
,ially provided by the laws of the
State of Louisiana, provided that
stockholders may by unanimous
consent waive notice of any meet
ing. At all stockholders. meetings
each share of stock shall be entitled
% one vote to be cast by its owners
in person or by proxy. If this cor
)oration should be dissolved or the
charter expire, it shall be liquidated
1y two commissioners appointed by
he stockholders for that purpose.
ARTICLE vi.
This corporation shall have the
power to contract, sue and be sued
n its corporate name; to make and
Ise corporate seal; to hold, re-
GIVE, purchase and convey, to mort
rage, hypothecate and lease under
is corporate name, both real and
PERSONAL property; and to execute,
ssue and deliver mortgage notes,
mortgage bonds or other obligations
ecured by mortgage and special
lypothecation of its property, rents
md revenues, and in general to per- +.
orm any and all act sauthorized by