The Caucasian. (Shreveport, La.) 1900-192?, 1913-05-18
CHARTER
OF The Humas0n Patent Holding
Company.

State of Louisiana, Parish Of Cad
do: Be it remembered that On this
the 10th day of April A. ID. 1913, be-
fore me, Edward Barnett, notary
public in and for the Parish of Cad
do and State of Louisiana, duly
commissioned and qualified, person
ally came and appeared the several
persons whose names are hereunto
subscribed, who declared that avail
ing themselves of the laws of the
State of Louisiana in such cases
made and provided, they by these
presents do constitute and form
themselves, as we'll as such other
persons as may be associated here
after with them, into corporation
and body polite in law, for the
business and purposes as described
and set forth herein, and under the
following articles of incorporation:
ARTICLE I.
The name and title of this corpor-
alton shall be The Humason Patent
Holding Company It's place Of DOM
icile shall be the City of Shreveport,
Caddo Parish, State of Louisiana.
II shall have and enjoy succession
for a period of fifty years from date
of this act, unless Terminated sooner
for causes other than that OF Inn
itation. All citations or other legal
processes shall be served on the
president, or in his absence On the
vice presidents or secretary in the
order named 1t shall have power to
make and use corporate seal. IN
der its corporate name 1T shall sue
and be sued: plead and be lmplead-
ed, appear, answer and prosecute in
all courts of justice. 1t shall have
power to buy, acquire and own pat
ents and patent rights in and to any
and all useful inventions or devices
either in the United States of Amer
lea or any foreign countries. 1t
shall have power also to operate
any such patents; to lease, sell OF
otherwise dispose of any such pat
ents or patent rights which it may
have acquired. 1t also shall have
power to manufacture, buy, lease
and sell all or any of such devices,
patents or patent rights which 1t
may have acquired. 1t shall have
power to own and hold real and
personal property, and to sell and
dispose of same; to contract and
otherwise to exercise all powers
which are not prohibitive under the
laws of the State of Louisiana to
such corporations.
ARTICLE ii.
The authorized capital stock OF
this corporation is fixed hereby at
one hundred thousand dollars, dl-I
yided into two thousand shares OF
the par value of fifty dollars. 1t
shall be authorized to commence
business and shall be going con-
Germ whenever the sum of fifty
thousand dollars or more of its cap
ital stock shall have been sub
scribed for. The capital stock may
be issued for cash or its equivalent
in real or personal property or for
labor or services performed, as may
be approved by the board of direc-
tors. All capital stock subscribed
for shall be paid for in the follow
ing manner and time: Fifty per cent
or more shall be paid for in cash or
In property or services or labor
performed, and the remainder on
the call of the board of directors.
The shares of stock of this corpora
fion shall be transferable only on
the books OF this company, and no |
transfer shall be binding on this
corporation until the same shall
have been entered on its books. No
stock of this corporation shall be
sold by any holder thereof in open
market except after ten days prior |
notice of intention to sell has been
given the company, during which
time the other stockholders shall
have the privilege of purchasing the |
same, and this clause shall be print
ed on the face of each certificate of |
stock issued by the company.
ARTICLE III.
The corporate powers of this COR
poration shall be vested in and ex-i
ercised by a board of directors con-
sisting of seven of its stockholders,
four of whom shall constitute a
quorum. The first board of directors
is hereby declared to be J. L. Kim
bell, 6. w. Robinson, ]. C. Willis, W.
L. Young, A. D. Keeney, G. A. HUI
mason, A. b. Nelson. Of this board
J. C. Willis shall be president; G. A.
Humason, vice president; w. L..
Young, treasurer. and A. D. Keeney
secretary The said officers. and di-l
yncforS shall hnId office nc slleh nm