The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1914-05-21

CHARTER
The Houston Pasture
Company
State Of Louisiana, Know all men by
Booster Parish. these present, That
the several persons whose names are
hereunto subscribed have and by these
presents do form and incorporate them
selves into a body corporate under the
laws of the State of Louisiana for the
objects and purposes and under the con-
ditions as follows, to-wit:
ARTIcLEI.
The name and style OF this corporation
shall be The Houston PASTURE CON-
PANY, and under said name and style it
shall have and enjoy all of the rights
granted to corporations under the laws
of the State of Louisiana, and shall
have and enjoy corporate existence for
period of twenty (20) years from the
date hereof as hereinafter provided,
unless sooner dissolved under the pro-
visions of the laws of the State of Lou
isiana, together with the power to have
and to use corporate seal and to make,
alter or to break it at pleasure.
ARTICLE II.
The domicile of this corporation is
hereby fixed in the town of Benton, Bos-
sier Parish, Louisiana, where all legal
processes shall be served, in the manner
provided by law, upon the Presidents, or
IN h ic Oh of
presidents, or in their absence at the
Office of said corporation, as provided by
the statutes Of the State OF Louisiana.
ARTICLE III.
The object and purposes oil. this cor
poration and the nature of the business
to be transacted and carried On by it are
hereby declared to be:
To buy and sell horses, meat, cattle,
sheep and goats and live stock of any
and all kinds; and to have manufac-
tured and shipped any and all products
of such live stock to any home or for
eign ports, whether alive or in the
manufactured state, and to own for the
above purposes lands in fee simple or to
lease, rent or acquire lands for said pur-
poses in the State of Louisiana, or
elsewhere.
ARTICLE ".
The capital stock of this corporation
is hereby fixed at SIC, 600, to be divided
into 100 shares of the par value of $10O
per share. This stock may be issued
either for cash or for property, labor or
services purchased by or furnished to
said company. And the judgment OF
the Board Of Directors as to the value OF
the property, labor or services SO taken
shall be conclusive, provided that nc
stock shall be issued at less than par
This corporation is authorized to COM
mence business whenever 5000 Of its
capital stock shall have been subscribed
and paid for in full. Each share Of
stock shall be entitled to one vote at all
meetings, to be cast in person or by
proxy.
ARTICLE V.
The corporate powers of this corpora
ton are hereby declared, except as here.
matter stipulated, to be vested in anC
exercised by Board of Directors com.
posed of five of its stockholders, which
said board shall be elected every two
years by the stockholders on the frs
Monday of July of each even numbe
year, beginning with 1916. The frs
Board of Directors, which will serv,
until the first Monday in July, 1916, OF
until their successors shall have beer
elected, are hereby declared to be: A
j. Houston, w. r. Houston, Harry H
Houston, w. H. Baldwin and Thoma
j. Baten. In case of the death or res
ignation of any of the directors, hi
successor shall be chosen by the remain
ing directors. Three directors shall
constitute quorum for the transaction
OF all business.
ARTICLE VI.
The officers of this corporation shal
consist of President, First Vicepresi
dent, Second Vicepresident, Secretar
and Treasurer, and shall have tn
power usually given to such officers
The President and Secretary, with tn
approval of the Board of Directors, sha
have the right, power and authority
execute all contracts of any nature whic
they may see fit, and to make purchase.
sales, leases, subleases and to do an
perform any and all things necessaril
requisite or incidental to the conduct {
the business aforesaid.
The officers of this corporation sha
be elected by the Board of Directors
the meeting held on the day said Boar
OF Directors are elected, and the Officer
hereby selected to serve until the fir,
Monday in July, 1916, are as follows:
A. J. Houston, President.
: w. H. Baldwin, First Vicepresident
Harry H. Houston, Second Vicepres
: dent.
, Thomas ] Baten, Secretary.
. w. R. Houston, Treasurer.
| ARTICLE VII.
This charter may be amended or tt
, corporation dissolved By the consent
the holders of three fourths Of the stoe
!, at any meeting called for that purpo
!. . after ten days notice in writing OF SUE
meeting to each stakeholder, or imm,
: diately after notice is duly waived by Z
the stockholders.
Whenever this corporation is dissolv,
! its affairs shall be liquidated by con