The Caucasian., 1913-11-13

seal and the same % break or alter
fat plea.uIps To- Aold, receive, have,
1purchase, mprose, alienate, sonseg
I borrow pledge. mortgage ana by
! pothecs ate elndeV 80 said corporate
!nsmeo Dro0ertso zeal, persona, and
mised, ana 10 alO s! She alsinss
land sets permitted By Saw sno
! necessary sn1 proper 60 car
ry 0n slse objests ana purposes ef
t saia eorporation. The prssidens. ol
l in Gis absence slse Siee president
4 shslA be else proper person upon
I whons legal procsss shall De ssrssd
Yhie corporation, alnless sooner dis
4 Asolset iA accOrdance witls 6ts char.
| ter, shall eaist and endure for pc
rio1 of ninets-nine gears from ana
| efteS Ahs date hereos.
! ARY1ClE SS.
! The objects Sn1 purposes sol
which Chic eSrporatioS 10 organ-
ize1 and the AatuIr 04 Che business
to be carried on by it are hereby de
clared to be to buy real estate, con
struct houses thereon, and 70 en-
gage in the business of constructing
and erecting buildings of every IA
ture or character whatever, and
| generally to do such acts and things
as are necessary and lncldens tC
such business.
ARTlCLE ll9.
The capital stock OF THE corpora
ton shall. be fifteen thousand dol
lars ($i5,00O.00), divided into and
i represented by one hundred anc
/ fifty shares of the sum OF one hun
dred dollars 100000 each, which
said stock shall be paid for at the
time Of subscription, or the same
| may be issued at not less than pal
in exchange for property or right;
actually received or purchased by
| the corporation, or the same ma!
be issued full paid for money ad-
vanced or other valuable considera-
ton as the board of directors may
determine. This corporations shal
commence business as soon as fiVt
thousand dollars (S5,000.00) % the
capital stock shall have been sub
scribed.
/ ARTICLE ~.
| The corporate powers o1 vhl'
company shall be vested in and ex-
ercised by a board of three dlrec-
tors, who shall for the present bt
/ A. Benoit, j. w. Benoit and Mrs
| Willie Benoit, of which board A
Benoit shall be president, and J.0W
Benoit vice president, secretary an6
| treasurer, and who shall hold thel
| offices until the next regular meet
| ing of the stockholders for the Sc
| lection of the board of directors
! which shall be held not later thai
the first day of December 1914
| and annually thereafter stockholder
| meetings shall be held, and OF which
meetings written notice shall o.
given and directed to the last know
place of residence Of each OF TN
j stockholders.
ARTICLE y.
/ The board of directors shall hav
II full power to fill vacancies IN thel
: number .eaused by death, resigna
} lion or otherwise, and from tn
stockholders of the company; the
! shall have full control of the prop
erty of the company and shall
/, conduct, manage and use the sam
as they may deem best and as
consistent with the objects and puI
:. Doses of this company; they are au
thorized and empowered to fran
and adopt such bylaws and regula
tions as the affairs and business
0 the company may require, and EN-
J, ploy all officers, agents, empioye
[ servants and clerks as they ma
e deem necessary, and fix the salarle
t of such employees as we'll as the sa
" aries of the officers provided for .
: the stipuIations of this charter.
IS ARTICLE VI.
J, This charter may be amended, a
tered or abolished or the capt.;
q stock thereof increased or dimII
: ished by Hpte of two-thlrds OF tn
h stockholders cast at meetlr
: called for that purpose in accort
II anee with the laws of the State
a Louisiana, provided that the noti'
# of any meeting may be waived !
It, the unanimous consent of all II
stockholders. At each stockholde
meeting each share of stock sha
0. be entitled TO one vote to be cast
its owner in person or by write