The Caucasian. (Shreveport, La.) 1900-192?, 1913-09-04
CHARTER
OF "HudSon Company

hr Parish and State aforesaid, per
souaIIN appeared the several parties
Whose names are hereuntO SUD
~cribel. and in the presence OF the
undersigned competent attestu :
Witnesses. declared that aNalllnS
Themselves Of The provisions OF the
laws of he State Of Louisiana, they
do bv these presents covenant, agree
ana Bind themselves, as We'll as such
other persons as may hereafter be
come associated with them, to form
and constitute a corporation or body
polite in law under the following
articles of agreement, to-Wlt:
FIRST.
The name and style Of this cor
pOration shall be Hudson COM
pany," and its domicile is declared
to be the City Of Shreveport, Caddo
Parish, Louisiana. Under the said
corporate name it shall have and
enjoy (unless sooner dissolved as
hereinafter provided corporate sue
cession for a period of ninety-nine
years, and under its said corporate
name it shall have the power to
contract. sue and be sued; to re-
ceive, purchase, hold, lease, sell.
mortgage Or hypothecate property,
real and personal, as well as to ex-
ecute notes or other evidences OF
indebt edness: to make and adopt
such necessary bylaws, rules and
regulations as it may deem proper,
and the same to alter or abolish al
pleasure: to employ such managers.
employees, etc, as may be deemed
necessary, and generally to do and
perform any and all things neccs-
sary or proper to further the inter
est of the said company and the
purpose for which organized. All
citations or other legal process shall;
be served on the president, Or in his
absence on the secretary-treasureI
at the office Of said company.
SECOND.
The purpose for which this cor
pOratiOn is formed and the nature
of the business to be carried on by
it is declared to be the operating OF
a retail mercantile business and
such businesses as are allied there
to in the City of Shreveport and
such other cities or towns as saiC
board Of directors may elect.
THIRD. g
The capital stock Of this corpora
ton is hereby fixed at fifteen thous-
and (Sl5, 100000 dollars, divided int,
and represented by one hundred AND
fifty shares Of the par value OF ont
hundred ($l0OOOl dollars each, anc
it shall be authorized to commence
business when five thousand dol
lars ($500O00) of its capital stocl
shall have been subscribed and palC
for. Any stakeholder shall have the
right of disposing Of his stock, bu
before selling same to outsiders NJ
shall give written notice to the cor
poration, and for period OF thirty
DAYS after such notice the othe
Stockholders shall have the priv
Iege Of purchasing same at its mar
ket value; failing to avail them
selves Of this privilege, he shall
| have the right to dispose of it as n
sees fit. All transfers Of stock shall
be made on the books Of the cOrpor
alton. and until so done shall be Q
no effect.
FOURTH.
The corporate powers Of this cor
poration shall be vested in and ex
ercised by a board of directors com
| posed of three members9 two Q
whom shall constitute a quorum TO
the transaction of all corporate bus
mess. Should a vacancy occur in tn
board, those remaining shall fill tn
| vacancy by choosing a stOckhOlde
TO fill the uneXpired term. SAL
! board shall be elected annually Q
The first Monday in January of eac
! year. beginning with the year 1871
Each share of stock shall be entltle
/ to one vote to be cast in person Q
by written proxy, and at all cleo
tons and meetings Of stakeholder
a majority of votes shall elect. lie
| days prior notice shall be given
writing toes t5CcKholders OF all spt
] cial elections or special meet
!, ings, the said notice to T
made to the usual posto
i flee address Of said stakeholder
The board of directors shall ele
annually at its regular meeting O
icars of the corporation, namely,
president, vice president, secretar,
treasurer, who shall hold office vi
til their successors are elected ar
duly qualified. The first board OF q
rectOrs of this corporation shall
] J. G.. Foster, W. NJ. Hudson and |.
/ Teat. The officers of this corpor;
: tion shall be |. H. Teat, preslden