The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1914-04-30
CHARTER

CHARTER
The Houston Pasture
Company
State of Louisiana, Know all men by
Bossier Parish. these present, That
the several persons whose names are
hereunto subscribed have and by these
presents do form and incorporate them
selves into body corporate under the
laws OF the State of Louisiana for the
objects and purposes and under the con-
ditions as follows, to-wit:
ARTICLE L.
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 a
period of twenty COY years from the
date hereof IS 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 President, or
in his absence upon any of the vice.
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 of 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, 5000, to be divided
into $50 shares of the par value OF 500
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 no
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 and
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 first
Monday of July of each even number
year, beginning with 1915. The first
Board of Directors, which will serve
until the first Monday in July, 1916, or
until their successors shall have been
elected, are hereby declared to be: A.
j. Houston, w. r. Houston, Harry II.
Houston, w. H. Baldwin and Thomas
j. Baten. In case of the death or res
ignation OF any of the directors, his
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 shall
consist of President, First Vicepresi-
dent, Second Vicepresident, Secretary
and a Treasurer, and shall have the
power usually given to such officers,
The President and Secretary, with the
approval of the Board of Directors, shall
have the right, power and authority tc
execute all contracts OF any nature which
they may see fit, and to make purchases
sales, leases, subleases and to do and
perform any and all things necessarily
requisite or incidental to the conduct Of
the business aforesaid.
The officers Of this corporation shall
be elected BY the Board of Directors al
the meeting held on the day said Board
OF Directors are elected, and the officers
hereby selected to serve until the first
Monday in July, 1916, are as follows:
A. j. Houston, President.
w. II. Baldwin, First Vicepresident.
Harry H. Houston, Second Vicepresi-
dent.
Thomas j. Baten, Secretary.
w. r. Houston, Treasurer.
ARTICLE WI.
This charter may be amended or the
corporation dissolved BY the consent O.
the holders of three-fourths of the STOCK
at any meeting called for that purpose
after ten days notice in writing Of suct
meeting to each stakeholder, or imme.
diately after notice is duly waived BY al
the stockholders.
Whenever this corporation is dissolved
its affairs shall be liquidated by com.