The Caucasian. (Shreveport, La.) 1900-192?, 1913-09-30
CHARTER
OF the Home Construction Compan,
Of North Louisiana.

| Caddo, State Of Louisiana, duly
| commissioned. qualified and sworn
came and appeared The several per
| sons whose names arc hrrrIlniu SUI
sciibed residents Of sand Parish anc
State, Who III tine presence Of tli'
undersigned attcstins witnesses de
| rlared to me- notary. that aNai|ina
| themselves Of he Constitution anu
| laws Of the Etate OF Louisiana reiai :
| ing to the formation OF corporations
they have formed and constituted
themselves and do by these pres
rnts form and constitute them
| selves. as We'll as such other per
sons as may hereafter become as
soclated With them, into a corpora
ton and body corporate and have
| adopted and ordained as their char
| ter and act Of incorporation the fol
lowing, tO-Wit:
I ARTICLE !.
The name and title Of this cor
pUration shall be the Home Con
struction Company Of North Louis
lana, and under said name and It'll,
| it shall haze and enjoy succession
for 4 period Of fifty years from the
| date. hereof unless sooner dissolved
under the provisions OF tile laws rt
| he State Of Louisiana: and shall
have power and authority TO sue and
be sued; to make and use a cOrpOr-
ate seal and the same TO use, break,
alter and amend at pleasure: to
hold receive, have, purchase. ln-
prove, ALLEVIATE, convey, sell, Dor
TOW. lease, pledge, mortgage and
hypOllecate. or otherwise acquire
or dispose Of property, real. per
sOnal and mixed; to name and APP
point such officers. directors, agents
and managers or employees as the
interests or convenience Of the cor
poration may require: to make and
establish bylaws, rules and regula-
ions as may be deemed necessary
and proper, and the same to change
and alter at will: and to do any and
all. other acts and things permitted
by law as shall be necessary and
proper TO carry out the objects and
purposes of the corporation.
ARTICLE II.
The domicie Of this corporation
is hereby fixed in the City OF
Shreveport, CaddO Parish, Louis
lana, where all legal process shall
be served in the manner provided
by. law.
-. t., ARTICLE III.
The objects and purposes OF this
Incorporation are hereby declared to
be-. to buy, sell lease and improve
|real estate, urban or rural, wherever
Situated in the State OF Louisiana or
IIelseM here; to build houses, stores
or other buildings or improvements
thereon, and the same to sell Or
lease on such terms and conditions
as t he, officers and directors may de-
termine and approve: and generally
| to do and perform every act neceS-
sary and incident to conducting a
general real estate improvement and
development business, with the
right to construct, acquire and Ope-
rate such plants, machinery or
other facilities for the manufacture
Of materials useful and necessary in
improving such real estate as may
come into its possession.
ARTICLE ".
The capital stock Of this corpora
| ton is hereby fixed at two hundred
| thousand (s2OO0OO.00) dollars. to be
divided into four thousand shares OF
the par value of fifty (S5OOO) dollars
each, which shall be divided into
two classes, namely, common stock
and preferred stock. The capita
! stock as herein authorized is 1iNet
at one hundred thousand (S1OO,DOO)
| dollars Of common stock and one
hundred thousand (Sl0O,0OO) dollars
Of preferred stock. To the preferred
stock there is hereby pledged the
net earnings Of the corporation a
security for the payment annually
Of a dividend Of eight per cent upon
the preferred stock paid for and IS
sued and as part Of the corporate
charter it is stipulated that out o.
the net earnings Of the corporation
for each year of its existence there
shall be set aside as segregated %
this pledge an amount quail to elgh
per cent of the full amount OF pre-,
fewed. stock paid for and issued
which said sum shall be declared
and paid in dividends to the holder
of such stock, but said stock shat
mot participate in the profits Of tn
corporation in excess OF SAID elgh
per cent annual dividends nor shat
1.-THE shares of preferred stock entltl'
the. holders thereof to vote at tn
meetings of the corporation, eNcep
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