Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1915-11-12
INCORPORATION OF
TENSAS ABSTRACT COMPANY, Inc.
STATE OF LOCISIANA.

STATE OF LOUISIANA.
PARISH on TENShS
BE IT KNOWN and remembered that
on this, the 10th day OF September, \.
ID. 1918, before me, the undersigned No
tary Public, daily commissioned and
qualified according to law in and Tor said
Parish and State, therein residing, and in
the presence of the witnesses hereinafter
named and undersigned, personally came
and appeared Thos. VI. Wade, Jr., and
Thos. NJ Wade, residents Of Tensas Par
ish, La, and q. L. Bulls, Il resident of
COncordia Parish, La, who severally de-
clared unto me, Notary, that awaiting
themselves Of the provisions Of the Con
stitution and Laws of the State OF Loul-i-
ana relative to the organization OF cor
porations, they have covenanted, con.
tracted and agreed, and do, 10y these
presents, covenant, agree and bind them
selves, as well ~ such other persons a.
may hereafter become associated with
them, to form and constitute II corpora
ton and body polite in law, for the
objects and purposes, and under the
agreements and stipnlations herein FOL
lowing, which they adopt a. their
charter, to-wit:
ARTICLE ONE.
The name and style of this corporation
shall be the TENSAS ABSTRACT CO.,
INC, and shall have a corporate duration
of ninety-uine years, unless sooner dis
solved. 1t shall have all the powers
inherent in corporations, and particularly
those provided by Section Seven CD OF
Act No. 267 of the General Assembly Of
this State, approved July 9th, 1914, as
well as those conferred by other laws OF
this State.
ARTICLE TWO.
The DOMICILE of this corporation
shall be in the Town of st. Joseph, said
Parish and State, and all citations and
other legal process shall he served on the
President Of this corporation, and in his
absence or inability to act, on the Vice
President OF the Secretary-Treasurer.
ARTICLE THREE.
The PURPOSES for which this curpor-
alton is organized and the nature of the
business to be carried on by it, are here
by declared to he a. follows: to make
and certify to abstracts of title Of any and
all lands i'm Tensas Parish, or other par
isles, i'm the State of louisiana, and to
take any and all necessary and proper
steps to perfect and cure any defective
titles thereini t. dispose of said abstracts,
and generally to do and perform all acts
and things that incidentally pertain on
are necessary Ia carry out the said objects
and purposes of this corporation.
ARTICLE FOUR.
The CAPITAL STOCK Of this corpora
ton il hereby fixed at Five Thousand
Dollars (S5, 200, 00). all of said stock t.
he common stock. and represented by
fifty (50) shares of the par value OF One
Hundred Dollars (Sl000 0) each. All OF
said capital stock having been subscribed
and paid for contemporaneously with the
execution Of this charter, this corporation
is hereby authorized to begin business at
once.
All transfers OF stock shall he made on
the books of the Company, and no trans
fer OF stock shall he i'm any way binding
OH the Company unless and until it is
made in the above described manner.
Any stakeholder may sell or transfer
his stock in this corporation, provided
thirty days prior notice Of such intention
to sell or transfer the same be given the
Company and the other stockholders
thereof shall have the first privilege OF
purchasing same, after which thirty days
notice the said stock may be sold Ia open
market
Each share of stock shall entitle the
owner thereof, either in person or by
proxy, to cast one vote at all general
meetings.
No stakeholder OF this corporation shall
ever be held liable or responsible for the
contracts or faults thereof, in any further
sum than the unpaid balance due the
Company on the shares OF stock sub
scrbed for and owned by him, nor shall
A. 81 4.
the effect of rendering this charter null
or of exposing a stakeholder to amy
liability, beyond the unpaid balance, il
any, of his stock.
ARTICLE FIVE.
The CORPORATE POWERS OF thi.
corporation shall he vested in and cxer
cised by Board of Directors composed o.
three Stockholders, which shall be elected
by a majority vote of this corporation
said stock to be voted by owner thereof
or by some person 10y linn duly authorize,
in writing, and each share oi stock to u,
counted ~ one vote. The Board of hi
rectors shall b. elected AT the regular an
nnsl meeting OF the stockholders hereof
which said meeting shall De held at til,
domicile oi this corporation inl The thlrC
Monday in January, \. ID. 1916, and an
nually thereafter, after the giving OF tcI
days notice in writing mailed to eacl
stockholders last known address Of tn
time and place of the holding of sal,
meeting.
Im diately after their own election
he AID Board of Directors shall convene
and shall elect, from their own members
president, vice president, and a secre
tary-treasnrer.
Such Officers and Beard OF Director
shall serve until thsir successors hav
been elected and qualified.
Special meetings of the stakeholder
may be held at the request Of any tire
shareholders, after ten days notice il
writing, as above provided, stating tn
object OF such Meeiing.
Any Directors, who may I've ahsen
from the Town of st. Joseph, shall hav
the right to appoint any shareholder I
the Company to vote for him at any meet
ing of the Board of Directors; and sue
proxy shall have and exercise all I'll
powers of such Directors appointing him
The Board of Directors shall have I'm
power TO fill vacancies in their numbe
caused by death, resignation or otherwise
from among the stockholders OF the col