The Caucasian. (Shreveport, La.) 1900-192?, 1913-10-07
CHARTER
VI the Home Construction Compan,
OF North Louisiana.

state OF LOUISIANA, Parish OF Cad
90: Be 1t known that on this day
before me, Emerson Bentley a no
tary public in and for the Parish of
Laddo, State eOf Louisiana, duly
commissioned, qualified and sworn
came and appeared the several per-
sons whose names are hereuntO sub
5crlbed, residents of said Parish and
State, who in the presence Of the
undersigned attesting witnesses de-
clared to me, notary, that avalllne
themselves of the Constitution and
laws of the Etate of Louisiana relat-
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
Sociated with them, into corpora
ton and body corporate and have
adopted and ordained as their char
Ter and act of incorporation the fol
lowing, tO-Wit:
ARTICLE |.
The name and title Of this cor
poration shall be the Home Con-
struction Company Of North Louis
lana, and under said name and title
It shall have and enjoy succession
for a period Of fifty years from the
date hereof unless sooner dissolved
under the provisions of the laws OF
The 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, i'm
prove, ALLEVIATE, convey, sell, Dor
row, lease, pledge, mortgage and
hypOthecatc. 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
pOTatlOn may require; to make ana
establish bylaws, rules and regula-
tons 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 domicile 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.
ARTICLE III.
The objects and purposes of this
corporation are hereby declared &c
be to buy, sell, lease and improve
real estate, urban or rural, wherever
situated in the State of Louisiana OF
elsewhere; to build houses, stores
or other buildings or improvements
thereon, and the same to sell OF
lease on such terms and conditions
as the officers and directors may de
termine and approve; and generally
to do and perform every act neces-
sarv and incident to conducting
general real estate improvement anc
development business, with tn
right to construct, acquire and ope-
rate such plants, machinery OF
other facilities for the manufacture
Of materials useful and necessary il
improving such real estate as ma,
come into its possession.
ARTICLE ".
The capital stock of this corpora
ton is hereby fixed at two hundred
thousand {S2OO,0OO.O0) dollars, to b.
divided into four thousand shares 0
the par value Of fifty $4,000 dollar
each, which shall be divided int
two classes, namely, common stOcI
/
and preferred stock. The capita
stock as herein authorized IS iixe
at one hundred thousand (SiO0VO
dollars of common stock and on
hundred thousand ($lOO,oOO) dollar
Of preferred stock. TO the preferre
stock there is hereby pledged tn
met earnings of the corporation a
security for the payment annual
of a dividend of eight per cent upo
the preferred stock paid for and Is
sued and as part of the corporal
charter it is stipulated that out {
the net earnings of the corporate
for each year of its existence the'
shall be set aside as segregated b
this pledge an amount quail to elgf
per cent of the full amount OF pre-
ferred stock paid for and issue
which said sum shall be declare
and paid in dividends to the holder
of such stock. but said stock sha
not participate in the profits of tt
| coy nOration in excess of said elg