The Caucasian., 1913-10-19
CHARTER
OF the Home Construction Company
OF North Louisiana.


Eaddo. State Of Louisiana, duly
commissioned, qualified and sworn
came and appeared the several per
sons whose names are hereunlO SUD
scribed residents of said Parish and
State, who in the presence OF the
undersigned atlcsting witnesses de-
cIared to me, notary, that awaiting
themselves Of the Constitution ana
laws of the Etate of Louisiana rcIat-
ing to the formation Of corporations.
they have formed and constituted
themselves and do by these pres
ents form and constitute them
selves, as we'll as such other per
sons as NAV 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-wlt:
ARTICLE I.
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, alienate, convey, sell, Dor
row, lease, pledge, mortgage and
hypothecate. 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 permitted
by law as shall be necessary and
proper to carry out the objects and
purposes of the corporation.
ARTICLE II.
The doinicile 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 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 sell 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
tion is hereby fixed at two hundred
thousand ($2OO,OOOOO) dollars, to be
divided into four thousand shares of
The par value of fifty [$50OO) 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 (Si00,OOO
dollars Of common stock and one
hundred thousand (St00,000) dollars
of preferred stock. To the preferred
stock there is hereby pledged the
net earnings Of the corporation as
security for the payment annually
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 there
shall be set aside as segregated by
this pledge an amount qual to eight
per cent OF the full amount of pre-
ferred stock paid for and issued,
which said sum shall be declared
and paid in dividends to the holders
of such stock, but said stock shall
not participate in the profits of the
corporation in excess of said eight
per cent annual dividends nor shall
the shares of preferred stock entitle
The holders thereof to vote at the
meetings of the corporation. except
ru1IaL fan The ,I,pnnSo