The Caucasian., 1913-10-07
CHARTER
VI the Home Construction Company
Of North Louisiana.

State Of Louisiana, Parish Of Cad
DO: Be it known that on this day
before me, Emerson Bentley, a no
tary public in and for the Parish of
Laddo, State aof Louisiana, duly
commissioned, qualified and sworn,
came and appeared the several per
sons whose names are hereuntO sub
5cribed, residents Of said Parish and
State, who in the presence Of the
undersigned attesting witnesses de-
clared to me, notary, that availlne
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 a 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 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, bor-
row, lease, pledge, mortgage and
hypothecatc, or otherwise acquire
or dispose Of property, real, per-
sonal and mixed; to name and ap-
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-
tions 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 permltteC
| by law as shall be necessary and
proper to carry out the objects anc
purposes Of the corporation.
ARTICLE II.
The domicile Of this corporation
| is hereby fixed in the !, City q
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 TINS
corporation are hereby declared tt
be to buy, sell, lease and improve
real estate, urban or rural, whereve
situated in the State Of Louisiana O
elsewhere; to build houses, stores
or other buildings or improvement
thereon, and the same to sell q
lease on such terms and condition
as the officers and directors may de
termine and approve; and general.
to do and perform every act neces
sary and incident to conducting
general real estate Improvement an
development business, with tn
right to construct, acquire and ope
rate such plants, machinery 9
other facilities for the manufactuf
Of materials useful and necessary !
improving such real estate as ma
come into it's possession.
ARTICLE Nv.
| The capital stock Of this corpora
ton is hereby fixed at two hundre
!; thousand (S2OO,OOO.00) dollars, to b
divided into four thousand shares 6
the par value Of fifty ($500O) dollar
each. which shall be divided int
two classes, namely, common stoc
and preferred stock. The caplt
: stock as herein authorized IS IKE
: at one hundred thousand (StOO,OW
dollars Of common stock and OF
hundred thousand ($lO0,W0) dollar
OF preferred stock TO the preferrt
stock there is hereby pledged tl
net earnings Of the corporation
security for the payment annual
O of dividend of eight per cent upt
the preferred stock paid for and
sued and as part Of the corpora
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
J this pledge an amount quail to elg
per cent of the full amount OF pr
ferred stock paid for and issue
which said sum shall be declar
: and paid in dividends TO the holde
of such stock, but said stock sh
not participate in the profits OF t