The Caucasian., 1913-11-25
CHARTER



do: Be it known that OH this day be-
fore me, a notary public, within and
for the State and parish aforesaid.
duly commissioned and sworn, came
and appeared the several parties
whose names are hereunto sub
scribed, who declared that they
have formed and do by these pres
ents form, organize and constitute
themselves into corporation under
the name and style, for the objects
and purposes and under the condi-
tons and regulations following, to-
w.t.
ARTICLE ].
The name and title Of said cor
peration shall be the BanOtt COn-
struction Company, and it's doniciie
is hereby fixed and established at
Shreveport, Caddo Parish, La, and
under its said corporate name said
corporation shall have power and
authority TO contract, sue and be
sued; TO make and use corporate
tseaI ana the same to break or alter
lae pleasure; 10 holA, receive, have,
purchase, improse, alienate, convey,
borrow, pledge, mortgage and hy-
pothecate under ito said corporate
name, property, real. personaf and
mixed, and TO do all the things
and acts permitted by law and
necessary and proper to car
ry on the objects and purposes OF
said corporation. The president, or
in his absence the vice president,
shall be the proper person upon
whom legal process shall be served.
This corporation, unless sooner dis
solved in accordance with its char
ter. shall exist and endure for a Pc
riod of ninety nine years from and
after the date hereof.
ARTICLE II.
The objects and purposes for
which this corporation is organ
lied and The nature of the business
to be carried on by ii are hereby de-
/ clared to be to buy real estate, con-
struct houses thereon. and to en-
gage in The business Of constructing
and erecting buildings Of every ma
ture or character whatever, and
generally to do such acts and things
as are necessary and incident to
such business.
ARTICLE LII.
i The capital stock OF this corpora
ton shall be fifteen thousand dol
lars 100000, divided into and
i represented by one hundred an6
I fifty shares Of the sum Of one huu-
dred dollars $4,000 each, which
said stock shall be paid for at the
n time of subscriptions, or the same
may be issued at not less than pal
| in exchange for property or rights
: actually received Or purchased b,
the corporation, or the SAME ma!
be issued full paid for money ad-
\ yanced or other valuable considera-
ton as the board of directors ma,
II determine. This corporation shat
, commence business as soon as hV'
! thousand dollars s5,00O.00) Of tn
capital stock shall have been SUD.
scribed.
ARTICLE ".
The corporate powers OF TN
: company shall be vested in and ex
ercised by hoard Of three direc'
: tors. who shall for the present y
!, A. Benoit, J. W. Benoit and Mfs
, Willie Benoit, of which board a
Benoit shall be president, and ]. W
Benoil vice president, secretary an
treasurer, and who shall hold the'
offices until the next regular meet
ing of the stockholders for the sc
lection of the board of directors
al which shall be held not later tina
! the first day OF December ioi4
and annually thereafter st0ekholdei
. meetings shall be held. and OF whsc4
! meetings written notice shall .
: given and directed to the last know
= Mace of residence Of each Of tn
ii stockholders.
II ARTICLE v.
,fl The board of directors shall has
,fl full power TO fill vacancies in the
Il number caused by death, resitns
tion or otherwise, and from u
stockholders Of the company; tne
shall have full control Of the pfol
= erty of the company and shall
conduct, manage and use the san
:. as they may deem best and as
81 consistent with the objects and pn
al poses of this company; they are a
~ thorized and empowered TO fran
A. and adopt such bylaws and fesnl
lions as The affairs and business
% the company may require, and en-
ploy all officers, agents, employ
servants and clerks as they m
deem necessary, and fix the salafl
,isI OF such employees as well as the 81