Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1915-11-19
INCORPORATION OF
TEESAS ABSTRACT COMPANY, Inc.
STATE OF LOUISIANA.

tuhutitu r'aNulflg w tHW Ill ana IpF sdlu
parislls,fnd stat-. therein residing, and in
the prtaehce If the Witnesses hereinafter
named'a and undersigned, personally came
and appeared Thos. NJ. Wade, Jr., and
Thos. NJ. Wade, residents of Tensas Par
i-h, La, and g. Z. Bulls, resident of
Concordia Parish, Ia, who severally de-
clared unto me-. Notary, that availing
themselves 81 the provisions of the Con-
Stitution and Laws Of the State of Louis
lana relative to the organization Of cor
porations, they have covenanted, con-
tracted and agreed, and do, by these
present, covenant, agree and bind them
selves, az we'll al such other persons as
hereafter may become associated with
them, 10 form and constitute corpora
ion and body polite in Law, for the
'pjects and purposes, and under the
agreements and stipniations herein fol-
loving. which they adopt NJ their
charter, tC-wit:
- ARTICLE ONE.
The name and style OF this corporation
-hall be tire TENSAS ABSTRACT co.
INC. and shall have corporate duration
IF nincty-nine years unless sooner dis
solved. = Ii shall have all the powers
anu DdTl1tuldTly
those provided by Section Seven Cd Of
Yet No. 267 of the General Assembly of
his State. approved July 9th, 1914, ~
we'll as those conferred by other laws Of
his State
ARTICLE TWO.
The pOMICILE of this corporation
hall be in the town OF It. Joseph. said
Parish and State, and all citations and
'ther legal process shall be served on the
President of this corporation, and in his
ib-ence or inability to act, on the Vice
PRESIDENT or Secrctary-Treasnrer.
ARTICLE THREE.
The PURPOSES for which this corpor-
,iion is organized and the nature of the
business to be carried on by il, are here
y declared to he as follows: To make
nd certify To abstracts OF title Of any and
Ill lands in Tensas Parish, or other par
shes, in the State Of Louisiana, and to
take any and all necessary and proper
steps to perfect and cnre any defective
titles therein; 10 dispose Of said abstracts,
and generally To do and perform all acts
md things that incidentally pertain or
re necessary to carry out the said objects
md purposes Of this corporation.
AkIlC1.E fOUR.
The CAPITAL STOCK Of this CORPORA
ton is hereby fixed at Five Thousand
Dollars (S5, 600 00) all of said stock to
me common stock. and represented by
fifty (5O) shares Of the par value of One
Hundred Dollars tslO0.OO) each. All Of
said capital stock having been subscribed
ard paid for contemporaneously with the
Execution of this charter, this corporation
i hereby authorized to begin business at
,ice.
All transfers of stock shall be made on
the books Of the Company, and no trans
er OF stock shall be in any way binding
III the Company unless and until it il
made in the above described manner.
Any stakeholder may sell or transfer
ais stock in this corporation, provided
thirty days prior notice of such intention
a. sell or transfer the same he given the
company and the other stockholders
hereof shall .haye tie first privilege oi
same. after which thirty days 1
lotice the said stock may be sold in open
market.
Each share OF stock shall entitle the |
wner. thexeei. either in person or by
proxy, to issst one vote at all general
meetings.
No stakeholder OF this corporation shall |
yer be held liable or responsible for the |
or faults thereof, in any further |
um than the unpaid balance due the |
company on the shares of stock sub |
cribed for and owned by him, nor shall |
my informality in the organization have
he effect Of rendering this charter null,
" Of exposing stakeholder to any
liability. beyond the unpaid balance, il |
my, OF his stock. ID
ARTICLE FIVE.
The CORPORATE POWERS OF this
corporation shall be vested in and exer-
Used 10y Board Of Directors composed OF |
hree stockholders, which shall be elected |
y a majority vote Of this corporation,
aid stock to. be voted by owner thereof, |
n by some person by him duly authorized |
n writing, and each share OF stock to he
n one vote. The Board of Di-
ectors shall be elected at the regular an
lual meeting of the stockholders hereof,
which said meeting shall held at the
IomiciIe Of this corporation on the third |
Monday in January, A. ID. 1916. and an
iually thereafter, after the giving Of ten
lays' notice in writing mailed to each |
tockhol,ler:s last known address Of the J
line and place OF the holding Of said |
Meeting.
Immediately after their own election,
he said Board Of Directors shall convene,
nd shall elect, from their own members,
president, vice-preident, and a secre-
Such Officers and Board Of Directors
hall serve until their SUCCESSORS have
een elected and qualified. 4
Special meeting Of the stockholders
nay he held at the request Of any three
after Ten days notice in
writing, az above provided, stating the
bject of such meeting. -
Any Directors, who may he absent
rom the town u ST. Joseph, shall have
lee right TO appoint any shareholder OF
he Company to vote for him at any meet
ng of the Board Of Directors; !, and such
roxy shall have and exercise all the
lowers OF such Directors appointing him.
The Board Of Directors shall have full
'ower to fill vacancies in their number
ausedb 10y death. resignation or otherwise,
rom among the stockholders OF the cor
ARTICLE SIN.
All notes and evidences OF Indebtedness
must be signed by the president, or vice
'resident, and countersigned by the sec
and this corporation
hall not lie responsible fdF any debts
reated By any Of its officers Gin excess OF
lac sum Of One Hundred DAlIsrs (siOO.
%, unless same shall be aSfborised or
approved b. q resolution BY ths Board Of !
>ireeton.