The Natchitoches enterprise., 1920-03-18
CHARTER
STATE OF LOUISIANA
PARISH OF NATCHITOCHES

Nj. Scarborough, John IL. Jones, hen
ry f. Grow, St. Anne Prudhomme, an
the other parties herein named anC
undersigned, all residents of the above
! named parish and state, all of whom
state and declare to me, said notary
that awaiting themselves Of the constl
tuition and the laws of the State OF
Louisiana, relative to the formation OF
corporations, have this day formed and
constituted themselves, as well as all
other persons as may herein after be-
come associated with them. into cor
poration and body corporate, under
! the terms and conditions herein alter
| expressed, and have adopted and do
publish this their charter and act of
corporation the following, to-wit:
ARTICLE |.
The name and title of this corpora
ton shall be the Central Abstract Co .
Ltd and shall have and enjoy, in its
corporate name, for period of 80
yeafs (ninety nine, unless sooner de-
solved, as herein after designated and
and set forth, and whose domicie shall
be in the city of Natchitoches, La.
ARTICLE II.
The purposes for which this corpora
ton is formed and the nature Of its
business TO be carried on by it, is the
abstractihg of recorded titles to lands
and other property, in the parish of
Natchitoches, and other parishes IN the
State Of. Louisiana, and TO negotiate
and sell such abstracts of titles to per-
sons, companies, corporations, or the
public, and to show change of titles of
lands or other property. and all manner
of information etfecting titles of lands
or other property.
ARTICLE Ill.
The capital stock of this corporation
is hereby fixed at Five Thausand Dol
lars. divided into Fifty shares of One
Hundred Dollars each, and it shall COM
mence business as soon as Sixty per-
cent of said stock has been subscribed,
and as soon as Sixty percent of the !
subscribed stock has been paid for |
The remaining Of said subscribed stock |
to be paid for as called for by the |
Board OF Directors of SAID corporation, f!
upon notices as herein below !
designated,
Stock shall be issued and paid for, as
above directed, either in cash or for
services rendered to the corporation or
property transferred to the corporation
The capital stock of this corporation |
shall be increased or diminished in ac-
cordance with the laws of the State Of |
Louisiana and upon vote OF two !
thirds of the Stock holders of said |
ARTICLE w.
This corporation shall have power to
make and use corporate seal, to sue
and be sued in its corporate name, to
own, sell, hold, purchase and enjoy
both real and personal, in
its corporate name, necessary for the |
of its business may re-
quire, and shall have the right to make |
and observe such bylaws, for the
guidance and maintenance of its bust
ness. as it may adopt by it's Board of
Directors, so as to not conflict or be |
contrary to the laws of the State of
Louisiana.
ARTICLE V.
This corporation in it's corporate
power shall be governed by Board of
Directors, composed of Five stock
holders, who shall be elected on the
day of February of each year,
commencing in the year 1921, at a
general electing convened for that pur-
pose, ten days previous notices to be
nailed addressed to the Post Office ad-
lress of each stock holder.
The Officers of said corporation shall
re President, Vice president and
'ecretary-treasurer, OF which the
President shall be ex-officio general
manager in all matters. not expressly
lnder the direction Of the Board of
Directors.
The Officers of said corporation, to
crve until the said election to be held
n the 18th day of February, 1921,
hall be James w. Jones, Jr., presi-
ent, l.. E. Hudson, vice. president and s
.onnie N. Scarborough, secretary
f said corporation, to serve until the
aid election on the 18th day OF Feb
uary, 1921 shall, be composed of L. E. s
hudson, J 0. Gunter, ]. w. Jones, Jr. '
. w. Payne and Lonnle M. Scar
orough, all of whom shall hold office
nti said election or their successors i
re elected. d
Any vacancies in the officers of Board [
f Directors shall be filled by election =
rom among the stock holders, and the
Employees of said corpora ton shall be =
mployed by the president and general 5
ranger and he snail fix their compen- :
alton and remove them at will.
No officer of this corporation shall Z
,ceive salary, otherwise than the :.
scretary-treasurer, whose salary shall II
e fixed by the Board of Directors. Z
All legal process shall be served on II
lie President. In his absence. on the .
and on the absence of the E,
resident and vice-president, on the ?
,cretary treasurer of the corporation :.
ARTICLE vi.
This chatter may be amended or this
'rporation may be abolished, by n
70 thirds vote of all the stock holders
'nvened for that purpose, after writ
n notice of meeting for that pur-
use and publication made in news
aper published at it's domicile, both
days prior to said meeting. =,
This corporation may be desolved by II
vote of two thirds of the stock holders a
by limitation, and in case of either, &
S affairs shall be liquidated and set "
ed by Commissioners, appointed by /,
e Board OF Directors, which COM y
issloners shall give bond, as pre- +
ribbed by the Board of Directors, to S
indup and liquidate the affairs of sale q
'rporatian legally and as expeditions :,
as possible. y
ARTICLE VII.