The Caucasian., 1913-10-12
ARTICLE |

lowing, to-Wlt:
ARTICLE |.
The name and title Of this cor
pUratl0n shall be the Home Con
StructiOn Company OF North Louis
lama. and under said name and TIT"
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 end the same to use. break,
alter slld amend at pleasure; TO
hOIG.' receive, have, purchase. i'm
pl.iNe. aIienate convey, sell. bor-
}nw. lease, pledge. mortgage and
hypothccate. or otherwise acquire
or dispose OF property, real. per
>onaI and mixed: to name aud APP
point such officers. directors. agents
and managers or employees as the
interests or convenience Of Tie col
poration may require; to make d
establish bylaws. rules and re@uia-
lions as NAV he deemed necessary
and proper. and the same to change
and alter at viii: and TO do any and
all other acts and things permit q
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
s hereby fixed in the City OF
Shreveport, Caddo Parish.5 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 to
be to buy, sell, lease and improve
real estate, urban or rural, wherever
situated in the State of Louisiana or
elsewhere; to build houses, stores
or other buildings or improvements
thereon, and the same to csell or
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-
sary and incident to conducting a
general real estate Improvement and
development business, with the
right to construct, acquire and ope-
rate such plants, machinery or
other facilities for the manufacture
Of materials useful and necessary in
improving such real estate as may
come into its possession.
ARTICLE ".
The capital stock of this corpora
ton is hereby fixed at two hundred
thousand (S20O,0OO.0O) dollars, to be
divided into four thousand shares of
the par value of fifty $4,000 dollars
each, which shall be divided into
two classes. namely, common stock
and preferred stock. The capital
stock as herein authorized Is fixed
at one hundred thousand 100000
dollars of common stock and one
hundred thousand 100000 dollars
Of preferred stock. To the preferred
stock there is hereby pledged the
net earnings of the corporation as
security for the payment annual y
of a dividend of eight per cent upon
the preferred stock paid for and is
sued and as part Of the corporate
charter it is stipulated that out OF
the net earnings of the corporation
for each year of its existence thef"
shall be set aside as segregated by
his pledge an amount quail to eight
aer cent of he full amount of pc
gferred stock paid for and issued.
which said sum shall be declar i
and paid in dividends 10 the holders
of such stock. bat SAID stock ~ha |
not participate in the profits Of the
COZ pOration in excess Of said eight
oer cent annual dividends nor shall
The shares of preferred stock EMIT q
The holders thereof to vote at tho
meetings of the corporation. except
at meetings called for the purpose
of amending or changing the char
ter of the corporation or to consider
its dissolution. and then only on
those particular subjects. The hold
ers of common stock shall not pa. :
ticipate in the divisions Of the
profits of the corporation until after
there shall have been set ASIDE for
payment to the holders Of preferred
stock the aforementioned annual
dividend of eight per cent. Each
share of common stock shall entitle
the holder thereof TO one vote at all
meetings of the corporation, to be