The Caucasian., 1913-10-28
sMARIER
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fore lie, a'nolary .publs, w,thin sIa'
fn' the sfatr and pafis,s aforesaid
duIS commissioned ami swoIa. ramt
and appeared the several parties
whose names are hereunto sub
ocribed, who declared that they
have formed and do by these pres
ents form, organize and constitute
themselves into il corporation under
the name and style, for the objects
and purposes and under the condi-
tions and regulations following, to-
wit:
ARTICLE |.
The name and title of said cor
poratiOn shall be the BenOit Con-
siructiOn Company, and it's domicile
is hereby fixed and established at
Shreveport, Caddo Parish, La, and
under its said corporate name said
corporation shall have power and
authority to contract, sue and be
sued; to make and use corporate
seal and the same to break or alter
at pleasure; to hold, receive, have,
purchase, improve, ALLEVIATE, convey,
borrow. pledge, mortgage and hy-
POthcCatc under its said corporate
name, property, real, personal and
mixed, and to do all the things
and acts permitted by law and
necessary and proper to car
ry on the objects and purposes of
said corporation. The president, or
in his absence the vice president,
shall be the proper person upon
whom legal process shall be served.
This corporation, unless sooner dis
solved. in accordance with its char
ter, shall exist and endure for a pc
rlod of ninety-nine years from ana
after the date hereof.
ARTICLE II.
The objects and purposes for
which this corporation Is organ
zed and the nature Of the business
10 be carried on by it are hereby de-
flared to be to buy real estate, con-
struct houses thereon, and to en-
gage i'll the business of constructing
and erecting buildings OF every ma
Lure or character whatever, ana
generally to do such acts and things
as are necessary and incident tol
such business.
ARTICLE III.
The capital stock of this corpora
ton shall be fifteen thousand dol
lars, (Si5,0 100000, divided into and
by one hundred and
fifty shares OF the sum of one hun
ircd dollars ($i00.O0) each. which
said stock shall be paid for at the
line of subscription, or the same
may be issued al not less than par
IN exchange for property or rights
received or purchased by |
The corporation, or the same may
,e issued full paid for money ad- |
ianced or other valuable considera-
ion as the board of directors may |
This corporation shall
commence business as soon as five
thousand dollars (S5000.0O) of the
,apital stock shall have been sub
,cribed.
ARTICLE ~.
The corporate powers OF this
shall be vested in and ex-
,rcised by a board of three direc-
.ors, who shall. for the present be
A. Benoit, j. w. Benoit and Mrs
Willie Benoit, Of which board A.
3enoit shall be president, and }. w.
3enoit vice president, secretary and
treasurer, and who shall hold their
offices until the next regular meet
ng of the stockholders for the Sc
ection of the board Of directors,
which shall be held not later than
he first day of December 1914,
and annually thereafter stockholders
meetings shall be held. and of which
written notice shall bel
given and directed to the last known
jlace of residence of each of the
ARTICLE V.
The board of directors shall have
full power to fill vacancies in their
caused by death, resigna-
ion or otherwise, and from thtl
of the company; they
shall have full control of the prop
erty of the company and shall sol
manage and use the same
as they may deem best and as is
consistent with the objects and pur-I
poses Of this company; they are au-
and empowered to frame
and adopt such bylaws and regula-
lions as the affairs and business OF
the company may require, and en-
ploy all officers, agents, employees,
and clerks as they may
ieem necessary, and fix the salaries
of such employees as well as the sal