The Caucasian., 1913-11-20

1coFpOfatlOn snail nave power anC
authority 60 contract, cue and bt
sued; to make and use a corporate
seal and the same 20 break or alter
lat pleasure; % hold, receive, have
Apurchase, improve, ALLEVIATE, convey
! borrow, pledge, mortgage and hy-
Ypothecate under its said corporate
name, property, seal, personal and
mixe0, and to do all the ehings
and acts permitted by aaw ane
necessary and proper 60 car
on The objects ana purposes o1
said corporation. Yhe president, OF
jim his absence the Sice president,
shall be The proper person upon
whom legal process shall be served
This corporation, unless sooner dis
tsolved in accordance with its chare
fter, shall exist and endure fog q pc
riod of ninety-nine years 1sosn snd
| aftee tbe date hereof.
ARTICLE II.
The objects enc purposes for
| which ehis corporation is organ
lied and the aature of che business
to De carried Oh by Il are hereby de-
clared 20 be % buy zeal estate, con
strucs Aousee thereon and to en-
gage IN the, business Of constructing
and erecting buildings of every aa-
ture o. character whatever, and
generally 90 do such acts end things
40 are aecessary end incident 70
sucb bBsiAess.
ARTICLE iIl.
She capital stock of this sorpera-
tion shall be fifteen Thousand dol
lars (si5, 5,OOO.0O), divided into and
represented by one hundred and
fifty shares of the sum of one hun
dred dollars $4,000 each, which
said stock shall be paid for at the
Itime of subscription, or the same
may be issued at not less than par
in exchange for property or rights
actually received or purchased by
the corporation, or the same may
be issued full paid for money ad-
vanced OF other valuable considera-
ltion as the board of directors may
determine. This corporation shall
commence business as soon as tive
thousand dollars ($5,OO0.O0) OF the
capital stock shall have been sub
scribed.
ARTICLE ".
The corporate powers Of this
company shall be vested in and ex-
ercised by board of three direc-
tors, who shall for the present be
| A. Benoit, J. w. Benoit and Mrs
Willie Benoit, of which board A.
Benoit shall be president, and j. w.
Benoit vice president, secretary and
treasurer, and who shall hold their
Offices until the next regular meet
ing of the stockholders for the Sc
ilection of the board of directors,
which shall be held not later than
the first day of December 1914
and annually thereafter stockholders
meetings shall be held, and of which
meetings written notice shall De
given and directed to the last known
place of residence of each of the
stockholders.
ARTICLE v.
The board of directors shall have
full power to fill vacancies in then
number caused by death, reslgna-
ton or otherwise, and from the
stockholders of the company; they
shall have full control of the prop
Ierty of the company and shall Sc
lconduct, manage and use the same
as they may deem best and as is
consistent with the objects and pur'
poses of this company; they are au,
|thorized and empowered to frame
and adopt such bylaws and regula
|tiops as the affairs and business o.
the company may require, and en-
ploy all officers, agents, employees
servants and clerks as they ma.
Ideem necessary, and fix the salaries
of such employees as we'll as the sal
aries OF the officers provided for b.
the stipulations of this charter.
| ARTICLE vi.
/ This charter may be amended, al
| tered or abolished or the capita
/ stock thereof increased OF dimin
Il ished by vote of two-thirds Of tn
i stockholders cast at meetinI
i called for that purpose in accord
4 iance with the laws OF the State o
i Louisiana, provided that the motto
] OF any meeting may be waived b
the unanimous consent of all tn
| stockholders. At each stakeholder
meeting each share of stock shal
L be entitled to one vote to be cast b
its owner in person or BY writte'
Ss