The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1920-03-27
49,
Articles Of incorporation OF the lat
lulah Housing Cooperation,
Incorporated
STATE OF LOUISIANA,
PARISH OF MADISON.


gb os Wadisor. and Ex- Officio Notary
Public ir ana for said Parish ano
Stare duIv commissioned and quail
fled according to law, and IL the
,,rp-erce Of the witnesses hereinafter
named and undersigned, personally
came ard appeared .'e persons whose
names are hereunto subscribed, al
above the full age Of majority, VINO
severally declared that. awaiting them
selves of the laws of this State rela-
tive to the organization of corpora
lions. and particularly of the pro.
visions of Act No. 267 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
iects and under the stipulations anc
agreements hereinafter set forth and
expressed, which they do hereby
adopt as their Charter.
ARTICLE /.
The name and title of the corpora
ton hereby formed is declared to be
THE TALLULAH HOUSING CUR
PORATION, INCORPORATED.
It shall exist and enjoy succession
by its corporate name for the PERIOD
| of ninety-nine fo9) years from and
after the date hereof unless sooner
dissolved; its certificates of stock shall
be signed by the President and Score.
tary and bear the impress OF the seal
of the corporation; it shall have power
and authority to contract. sue and be
sued. to adopt, use and break or alter
at pleasure, a corporate seal; to ac-
ouire by purchase, lease or otherwise,
| real. personal and mixed property; to
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, agents
or managers, as the interest Of sale
4 CORPORATION may require; to establish
rules and regulations for the prone
management of its affairs and t.
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
this corporation. -
ARTICLE IL.
Thesdomicile of this corporation
hereby fixed at Tallulah, Madiso
Parish, Louisiana.
/, The President, or in his absenc
1.-The Vice-President, or in his absene
Z the Secretary, is designated as tn
proper person upon whom enrvice .
legal process against il shall be mad,
FL ARTICLE III.
The objects and purposes for whic
this corporation is organized. and tn
nature of the, business to be carrie
Ion by it are, hereby declared to be
purchase or lease. or otherwise a
lqujre lots or parcels of ground in tt
| Village of Taliulah, or lands adjaceI
III said village. and to erect theret
houses and buildings Of aRv natul
and kind whatsoever. and to base ar
let. or to sell said houses and oth'
buildings, and to purchase. lease
otherwise acquire any lands and ere
any buildings, plants and houses Il
the development Of said lots and Ian,
and the greater development of Il
Village Of Tallulah. and to do q
!. other things incidental and necessal
. to carry out such objects and pu
poses.
4 The capital stock of this corpor
+ ton is hereby fixed at the sum
y Twenty Thousand ($20.000.00) Dc
lars, divided into two hundred (20(
shares of the par value Of One Hun
red ($10O.00) Dollars each: While
said stock shall be paid for in cash
in property at the time of subscri
ton, or as the same may be issue
at not less than its par value.
Any stakeholder may sell his sto,
in the corporation. provided tn
thirty (30) days prior notice Of SIT
intention to sell. assign or transit
the same be given to the compan
and the other stockholders shall ha'
Y the first privilege Of purchasing sam
after which thirty (30) days motto
& in case the other stockholders do n
Il purchase the same, the said stock m,
be sold in the open market and m;
be transferred under the above CO
ditions, provided such transfer ther
of be made on the books Of the &C
8 poration at it's office. on the surrend
D of the stock certificates.
ARTICLE v.
The corporate power of this &C
!, poration shall be vested in and exc
I'll cised by board Of directors of sew
III (7) stockholders. a majority of who
shall constitute quorum for {
transaction of business, with I,
power to purchase, receive by don
ton. sell, MORTGAGE, chattel mortgae
pledge, pawn, convey, lease, eth
as lessor or lessee, property, both re
and personal; to borrow money al
issue the company's negotiable not
or bonds, either unsecured or secur
by mortgage on its real-estate. chat
mortgage, pledge or nawn of its ps
- sonal property. and to do any and ,
| other acts which this corporation
authorized to do in carrying out t
III purposes and objects for which it
established; to make and establish b
laws and to change the same; to hin
emplov, e--oint and discharge
officers and employees, and to
= their salaries, and to fill all vacanci
occurring in the board Of directo
by death, resignation or otherwis
- and to increase the directors of sa
corporation not 70 exceed eleven O.
members, all of whom must be stoc
holders.
Each board of directors shall ele
President. a Vice-President and
Secretary. who shall ex-officio
Treasurer.
The first board Of directors sh.