The Caucasian. (Shreveport, La.) 1900-192?, 1913-01-30
CHARTER
OF the Fullilove Realty Company

state VI lOulSldld, PARISH VI NaO-
do: Before me, Crea Pugh, notary
public in and for the Parish anC
State above written, duly commits
stoned, qualified and acting as such
personally came and appeared the
several persons whose names are
subscribed hereto, and who declared
that they do by these presents con-
stitute and form themselves into a
body polite or corporation, as well
as such other persons as may be-
come associated with them, under
the laws of the State of Louisiana,
in terms and conditions as follows,
tO-Wit:
ARTICLE I.
The name of this corporation shall
be FullilOve Realty Company. Its
domicile shall be at Shreveport, in
the Parish of Caddo, State of Louis
lana. Citation and other legal pro-
cess shall be served on its president.
or, in his absence, on the vice pres
ident, or in his absence on such per-
sons as may be designated by law. 1t
shall enjoy succession under its cor
porate name for period of ninety
nine years.
ARTICLE II,
Under its corporate name it shall
have the power to contract, sue and
be sued; to make and use a cOrpor-
ate seal; to hold, receive, purchase,
convey, mortgage, pledge and hy-
pothecate all kinds of property; to
name and appoint such managers,
directors and officers as its interest
and convenience may require; to
make and establish such bylaws
and rules for the proper regulation
of its affairs as may be deemed
requisite and necessary, and shall
have all such other and fur
Their powers as are now or may
hereafter be conferred by law on
corporations or associations of the
same or similar kind.
ARTICLE III.
The purposes for which this COM
pany is formed are to buy, hold, own,
mortgage, sell and deliver property,
immovable and movable. To con-
tract for and build houses, and to
improve the property i'm such ways
as may be considered necessary or
advisable.
ARTICLE w.
The capital stock is fixed al
twenty-five thousand dollars divid-
ed into two hundred and fifty shares
of one hundred dollars each. No
stock shall be issued until fully paid
for; no transfer of stock shall be
binding on the corporation until
transferred on the books of the
company. Stock subscriptions may
be paid for in cash, service or prop
erty, provided the service and prop
erty be placed at value fixed by
the board of directors. This cor
poration shall commence doing bus
mess when six thousand dollars Of
stock has been subscribed and paid
for
ARTICLE V.
The corporate powers of this cor
poration shall be vested in and its
affairs shall be managed by board
OF three directors to be elected by
ballot by, the stockholders at
meeting to be held at the domicile
of the company on the second Tues
day of November of each year, be-
ginning in 1913. Until such election
the following shall compose the first
board of directors: Jack P. Fullilove,
who shall be president; J. A. Steph-
enson, who shall be vice president;
and S. C. Fullilove, who shall be
secretary treasurer. The officers
shall be elected viva voce at a meet
ing of the directors called for that
purpose. Vacancies on the board may
be filled for the unexpired term by
the remaining directors; board
members may by written proxy act
for each other at board meetings.
The board of directors may employ
a general manager and such other
agents as the interests of the conn.,
pany may require and discharge
them at pleasure; each director
shall own at least one share of stock
in the corporation. Three directors
shall constitute quorum of the
board for the transaction of bust
ness, who shall attend in person or
by written proxy. The board Of d.
rectors may be increased or de-
creased at the will of the stockhold-
ers as evidenced by vote of three
fourths of the stock at a meeting
called for that purpose.
ARTICLE vi.
The corporation may be dissolved
at any time by a three-fourths vote
of the stockholders, and when it is
dissolved three commissioners shall
be elected for that purpose at q