Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1915-11-26
INCORPORATION OF
fEASAS ABSTRACT COMPANY, Inc.
STATE OF LOUISIANA,

STATE OF LOUISIANA, !
PARISH OF TENsAs
BE III KNOWN and remembered tina
on this, the 10th day of September, A
ID. 1913, before me, the undersigned No
tary Public, duly commissioned an,
qualified according to law in and for sale
Parish and state, therein residing, and il
The presence Of the witnesses hereinafter
named and undersigned, personally cam,
and appeared ThOs. NJ. Wade, Jr., ano
Thos. Nj. Wade, residents of Tensas Par
lsl, La, and &. Z. Bulls, resident O
Concordla Parish, La, who severally de
clared unto me, Notary, that availins
themselves OF the provisions Of the Con.
stitntiOn and Laws of the State OF Iouis.
lana relative to the organization Of cor
DoratiOns, they have covenanted, CON
tracted and agreed, and do, by ,hes,
present, covenant, agree and bind them
selves, as well a. such other persons a.
hereafter may become associated with
them, to form and constitute corpora.
ton and body polite in law, Tor the
OBJECTS and purposes, and under the
agreements and stipnlations herein fol-
lowing, which they adopt as 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-nine years unless sooner dis
solved. 1t shall have all the powers
inherent in corporations, and particularly
those provided by Section Seven "a Of
Act No. 261 III the General Assembly of
this State, approved July 9th, 1914, a.
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 be served on the
President of this corporation, and i'm his
absence or inability to act, on the Vice
President or Secretary Treasurer.
ARTICLE THREE.
The PURPOSES for which this corpor-
alton il organized and the nature of the
business to be carried on by it, are here
by declared to he as follows: to make
and certify to abstracts Of title of any and
all lands in Tensas Parish, or other par
ishes, in the State of Louisiana, and To-
take any and all necessary and proper
steps to perfect and cnre any defective
titles therein; to dispose of said abstracts
and generally to do and perform all acts
and things that incidentally pertain on
are necessary to carry out the said objects
and purposes of this corporation.
ARTICLE FOUR.
The CAPITAL STOCK Of this corpora
ton is hereby fixed at Five Thousand
Dollars ($5, 100000 all of said stock t.,
be common stock, and represented b,
fifty (5O) shares of the par value of One
Hundred Dollars (Sl00.0O) each. All al
eaid capital stock having been subscribed
and paid for cOntemporaneously with ia,
execution of this charter, this corporation
II hereby authorized to begin business at
once.
All transfers Of stock shall be made on
the books of the Company, and no trans
fer OF stock shall be in any way bindn.
on the Company unless and until it j. |
made in the above described manner.
Any stakeholder may sell or transfe, |
his stock in this corporation, provided
thirty days prior notice of such intention
to sell or transfer the same he given TIA, |
Company and the other. stockllolder
thereof shall have tie firse privilege q
purchasing same, after which thirty day,
notice the said stock may lie sold in op
market.
Each share Of stock shall en,iile q
owner thereof, either in person or
proxy, to cast one vote at all genera
meetings.
No stakeholder OF this corporation sha' |
ever be held liable or responsible for Il
contracts or fauts thereof, i'm any iuril,
sum than the unpaid balance due q
Company Oh the shares 81 stock sub
scribed for and owned by him, nor shal
any infOrmality in the organization hav
the effect of rendering this charter mi
or OF exposing stakeholder 80 az
liability, beyond the unpaid balance,
any, OF his stock.
ARTICLE FIVE.
The CORPORATE POWERS Of this
corporation shall be vested in and exer-
cised by Board Of Directors composed OF
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 by him duly authorized
in writing, and each share Of stock to be
counted az one vote. The Board of Di-
rectors shall be elected at the regular an
nual meeting of the stockholders hereof,
which said meeting shall held at the
domicile OF this corporation on the third
Monday in January, A. ID. 1916. and an
nuaIly thereafter, after the giving OF ten
days notice in writing mailed to each
stockholders last known address of tn,
time and place OF the holding of said
meeting.
Immediately after their own election,
the eaid Board of Directors shall convene,
and shall elect, from their own members,
q president, vice-preident, and secre-
tary-treasurer.
Such Officers and Board OF Directors
shall serve until their SUCCESSORS have
been elected and qualified.
Special meeting Of the stockholders
may be held at the request Of any three
after ten days notice in
writing, as above provided, stating the
object OF such meeting.
Any Directors, who may be absent
from the town of st. Joseph, shall have
The right to appoint any shareholder of
The Company to vote for him ut any meet
ing OF the Board of Directors; and such
proxy shall have and exercise all the
powers Of such Directors appointing him. |
The Board of Directors shall have full
power to oil vacancies in their number
caused by death, resignation or otherwise,
from among the stockholders of the cor 7
ARTICLE SIX. e
All notes and evidences of indebtedness
must be signed by the president, or vice
president, and countersigned by the sec
and this corporation
shall not be responsible for any debts
created by any of its officers, in excess Of
The sum Of One Hundred Dollars (SlO0.
)O), unless same shall be authorized or