The Caucasian. (Shreveport, La.) 1900-192?, 1912-07-21

Act - of 1901, they do hereby form
body polite in law for the objects
and purposes and under the terms
and stipulations hereinafter set out,
iC-Wlt:
ARTICLE !.
The name and title of this cor
pOratOn shall be The Stfuctural
Brace Company. and by that name
it shall have power to enjoy sue
cession for a period of thirty years
from date hereof; to have and use
corporate seal; to contract, sue and
be sued; to hold under lease or pur-
chase personal property, and the
same to sell, hypOthccate and alien
ate at pleasure; to name and ap-
point such managers and agents as
the interests of the business may
require. and to make and establish
such bylaws, rules and regulations
as the directors may deem proper,
and the same to alter at pleasure,
ARTICLE II.
The dOmicile of this corporation
shall be in the City of Shreveport,
Louisiana, and all citations or other
process shall be served on the pres
ident, and in his absence upon the
vice president
ARTICLE III.
The purpose for which this cor
poratiOn is organized and the nature
of the business to be carried on by
it are hereby declared to be as fol-
lows: The manufacturing of steel
structural braces, together with all
kinds of building appliances used in
the construction of buildings and oil
derricks; the manufacturing of all
parts necessary to the sale or mar
keting of said products; the hold
ing, under lease or otherwise, of
letters-patent on all kinds of struc-
tural appliances; the operation of
foundries for the casting of brass,
iron and steel; the marketing or
sale of all products manufactured
by the company, and the doing of
all other acts consistent with the
foregoing purposes.
ARTICLE ".
The capital stock of this corpora
ton is hereby fixed at the sum Of
three hundred thousand $780, 10000
dollars divided into and represented
by twelve thousand shares of stock
of par value of twenty-five dollars
per share, and this corporation shall
begin doing business as soon as fifty
thousand dollars in stock has been
subscribed for; said stock to be paid
for in cash or issued in exchange
for property, real or personal, and
services actually rendered to. the
company in such manner as the
board of directors may determine.
ARTICLE V.
The corporate powers of this cor
poration shall be vested in board
of directors to be composed of three
stockholders, which board shall be
elected annually commencing on the
first Monday in June 1913. The first
board of directors, which shall
serve until said election, shall be:
j. w. Clark, who shall be president: |
A. S. Miller, vice president, and w.
w. Blocker, OBSERVATION-DISCLOSURES.
Said directors and officers to serve
until their successors, are elected
Notice of each annual election shall
be given by ten days prior notice by
publication in a newspaper pub
lished in the City Of Shreveport.
ARTICLE vi.
This charter may be modified,
changed or amended, or the said
corporation dissolved by and with
the consent of three-fourths of the
stock thereof, present or represent
ed at said meeting, at meeting
held for that purpose, Of which at
least ten days prior notice shall be
given by publication as above pro-
yided. Whenever this corporation
is dissolved, by limitation or other
wise, its affairs shall be liquidated
by three commissioners chosen at |
said meeting, who shall have conn
plete power to wind up the COM
pany's affairs and distribute the
proceeds of the sale of its assets
among creditors and stockholders.
ARTICLE VII.
No stakeholder shall ever be held
iiable-for the contracts or faults of
this company in any further sum
than the unpaid balance on his
stock, nor shall any mere informal
ity in organization have the effect |
of rendering this charter null or ex-
posing the stockholders to any liza
bility beyond the amount Of the I'M
paid balance on their stock All
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