Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1915-12-03
INCORPORATION OF
TEISAS ABSTRACT COMPANY, Inc.
STATE OF LOUISIANA,

PARISH or TENsAs
BE 1T KNOWN and remembered that
on this, the 10th day OF September, A.
ID. 1915, before me, the undersigned No
tary Public, duly commissioned and
qualified according to law i'm and for said
Parish and State, therein residing, and in
the presence of the witnesses hereinafter
named and undersigned, personally came
and appeared ThOs. NJ. Wade, Jr., and
Thos. NJ. Wade, residents of Tensas Par
ish, La, and G.. =. Bulls, resident of
Concordia Parish, La, who severally de-
clared unto Inc, Notary, that availng
themselves of the provisions OF the Con-
stitntion 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, as well as such other persons as
hereafter may become associated with
them, to form and constitute corpora
ton and body polite in law, for the
OBJECTS and purposes, and under the
agreements and stipulations 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 corporate duration
of ninety-nine years unless sooner dis
solved 1t shall have all the powers
inherent in corporations, and particularly
those provided 10y Section Seven Cd of
Act No. 267 of 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 II. Joseph, said
Parish and State, and all citations and
other legal process shall be served on the
President Of this corporation, and in his
absence or inability to act, on the Vice
President or Secretary Treasurer.
ARTICLE THREE.
The PURPOSES for which this cOrpor-
alton is organized and the nature OF the
business to be carried on 10y 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 cure any defective
titles therein; to dispose Of said abstracts,
and generally to do and perform all acts
and things that incidentally pertain or
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 ($5 100000 all Of said stock to
he common stock, and represented 10y
fifty (50) shares Of the par value of One
Hundred Dollars ($lO0.O0) 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 be made on
the books Of the Company, and no trans
fer of stock shall be in any way binding
on the Company unless and until it il
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 tie first privilege oi
purchasing same, after which thirty days
notice the said stock may be sold in open
market. Il
Each share of stock shall entitle the
owner thereof, either in person or 10y
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.
scribed for and owned 10y him, nor shall
any informality in the organization have
the effect Of rendering this charter null,
or Of exposing stakeholder to any
liability, beyond the unpaid balance, il
any, oil his stock.
ARTICLE FIVE.
The CORPORATE POWERS of this
corporation shall he vested in and eXer
cised by Board of Directors composed of
three stockholders, which shall he elected
by a majority vote of this corporation,
said stock to be voted by owner thereof,
or by some person by him duly authorized
i'm writing, and each share OF stock to he
counted "a one vote. The Board Of Di-
rectors shall he elected at the regular an
nnal meeting of the stockholders hereof,
which said meeting shall held at the
domicle Of this corporation on the third
Monday in January, A. ID. 1916, and an
nually thereafter, after the giving of ten
days notice i'm writing mailed to each
stockholders last known address of the
time and place Of the holding of sad
meeting.
Immediately after their own election,
the said Board of Directors shall convene,
and shall elect, from their own members,
president, vice-preident, and secrc-
tary-treasurer.
Such Officers and Board of Directors
shall serve until their SUCCESSORS havt
been elected and qualified.
Special meeting of the stockholders
may he held at the request OF any three
shareholders, after ten days notice in
writing, as above provided, stating the
object Of such meeting.
Any Directors, who may he absent
from the town of st. Joseph, shall have
the right to appoint any shareholder OF
the Company to vote for him at 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 ill vacancies in their number
'cmsedby death, resignation or otherwise,
from among the stockholders Of the cor
\ poration.
ARTICLE SIN.
All notes and evidences Of Indebtedness |
must be signed by the president, or vice
president, and countersigned by the sec
rotary treasurer, and this corporation
shall not he responsible for any debts
created by any Of its officers. in excess OF
the sum OF One Hundred Dollars $500. |
O0), unless same shall be authorized or