The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1920-03-13
CHARTER
Articles Of incorporation Of she TAI
lulah Housing Corperaties,
Incorporated

STATE OF LOUISIANA,
PARISH OF MADISON.
BE 1T KNOWN AND REMEM.
BERED, That on this the 31st day Of
January in the year Of our Lord lsZo:
before me, John E. Yerger. Clerk OF
the Ninth District Court for the Par
ish o. Madison, and Ex-Officio Notary
Public in and for said Parish and
State, duly commissioned and quail
fled according to law, and in the
presence Of the witnesses hereinafter
named and undersigned, personally
came and appeared 'he persons whose
names are hereunto subscribed, all
above the full age Of majority. who
seyerally declared that, availing them
selves Of the laws Of this State reia-
tive to the organization Of corpora
tons, and particularly Of the pro.
visions of Act No. PCT Of the Acts OF
the General Assembly Of Louisiana
for the year 1914, they have formed
and organized. and bv these presents
do form and organize themselves as
well as such other persons who may
become associated with them and
their successors. into a corporation
and body polite in law for the OBJ
jects and under the stipulations and
agreements hereinafter set forth and
expressed, which they do hereby
adopt as their Charter.
ARTICLE I.
The name and title of the corpora
ton hereby formed is declared to be
THE TALLULAH HOUSING COR
PORATION, INCORPORATED.
It shall exist and enjoy succession
by its corporate name for the period
of ninety-nine 1897 years from and
after the date hereof unless sooner
dissolved; its certificates Of stock shall
be signed by the President and Secre-
tary and bear the impress Of the seal
Of the corporation; il shall have power
and authority to contract. sue and Be
sued. to adopt, use and break or alter
at pleasure, a corporate seal; to &C
quire by purchase, lease or otherwise
real, personal and mixed property; te
hold own, ALLEVIATE, lease, pledge OF
mortgage the same: to incur debt
to borrow money and to issue notes
and other evidences Of indebtedness
to appoint officers, directors, agent:
or managers, "a the interest Of sale
corporation may require; to establish
rules and regulations for the proper
| management Of its affairs. and Il
change or alter the said rules and re
gulations when necessary, and to d.
and perform generally any and al
acts necessary and proper in carry
inc out the business and purposes o.
this corporation.
ARTICLE IL
The domicile of this corporation i
hereby fixed at Tallulah, Madison
Parish, Louisiana.
The President. or In his absence
the Vice-President. or in his absenc,
the Secretary. is designated as thu
proper person upon whom service O.
legal process against it shall be made
ARTICLE III.
II The objects and purposes for whicl
this corporation 10 organized. and tn
nature Of the business to be carrie,
on by it are hereby declared to be Il
purchase or lease, or otherwise &C
quire lots or parcels Of ground in tn
Village Of Tallulah, or lands adjacen
to said village. and to erect thereon
houses and buildings Of any natur
and kind Whatsoever. and TO lease m,
let. or to sch said houses and othe
buildings. and to purchase. lease o
otherwise acquire any lands and cree
any buildings, plants and houses TO
the development Of said lots and land
and the greater development Of tn
Village Of Tallulah. and to do al
other things incidental and necessar
to carry out such objects and puI
poses.
ARTICLE Nv.
L The capital stock of this corpors
ton 10 hereby fixed at the sum o
Twenty thousand ($20, 000.00) Dol
lars, divided into two hundred GOO
shares Of the par value Of One Humid
red ($100.00) Dollars each: whic
said stock shall be paid for in cash o
in property at the time of subscrir
ton, or as the same may be issued
at not less than its par value.
Any stockholder may sell his stoc
in the corporation, provided tina
thirty 1907 days prior notice Of sue
intention to sell. assign or transfe
the same be given to the COMPANY
and the other stockholders shall hav
the first privilege Of purchasing same
after which thirty (30) days notice
In case the other stockholders do no
purchase the same. the said stock ma
be sold in the open market and ma
be transferred under the above cor
ditions, provided such transfer there
Of be made on the books Of the col
poration ct its office, on the surrende
l. of the stock certificates.
II ARTICLE v.
The corporate power Of this col
poration shall be vested in and exel
cised by q board Of directors of seve
Cd stockholders. q majority of whor
shall constitute q quorum for tn
Transaction Of business, with ful
power to purchase, receive by dons
ton, sell, mortgage, chattef mortgage
pledge. pawn, convey, lease, eithe
as lessor or lessee. property, both res
and personal; to borrow money an
issue the company's negotiable note
or bonds, either unsecured or secure,
by mortgage on its real-estate, chatte
mortgage, pledge or nawn Of its DER
sonal property. and to do any and al
other acts which this corporation
authorized to do in carrying out tn
purposes and objects for which it j
established; to make and establish by
laws and to change the same; to hire
emplov, a~-oint and discharge al
officers and employees, and to Fl.
their salaries, and to fill all vacancie
occurring in the board Of director
by death, resignation or otherwise