The Caucasian., 1913-10-14
CHARTER
OF the Home Construction Company
OF North Louisiana.

before nae. Emerson Bentley, a no.
tarv public in and for the Parish Of
Caddo. State of Louisiana, duly
commissioned, qualified and sworn
came and appeared the several per
sons whose names are hereuntO sub
Scribed. residents of said Parish and
state. who in the presence Of the
undersigned atteStlng witnesses de-
rlarei to me, notary, that avalllnG
themselves Of the Constitution and
laws Of the Etate Of Louisiana relat-
ing to the formation of corporations,
thrv have formed and constituted
themselves and dO by these pres
cnts form and constitute them
selves, as we'll as such other per-
sons as may hereafter become as
Soriated 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
ihe State of Louisiana, and shall
have power and authority to sue and
ne sued: to make and use a corpor-
late 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
hvpotherate, 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
p0ratiOn 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 permitted
by law as shall be necessary and
proper to carry out the objects and
purposes Of the corporation.
ARTICLE II.
The donlclle of this corporation
is hereby fixed in the City o.
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 t(
be to buy, sell, lease and improN,
real estate, urban or rural, wherever
situated in the State Of Louisiana OF
elsewhere; to build houses, stores
or other buildings or Improvement!
| ~
| lease on such terms and condition:
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 ant
| 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 (S2OO000.0O) dollars, to b.
divided into four thousand shares o
the par value of fifty (s5000) dollar
each, which shall be divided int
two classes, namely, common stocl
and preferred stock. The capita
/ stock as herein authorized is tixe
at one hundred thousand (S1OO,OOO
dollars of common stock and on
hundred thousand (siO0,0O0) dollar
of preferred stock. To the preferre
stock there is hereby pledged tn
net 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 corporatio
for each year of its existence the'
l 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
corporation in excess of said elg
per cent annual dividends nor sha
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