Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1920-07-01
CHARTER
UNITED STATES OF AMERICA
STATE OF LOUISIANA
PARISH OF WASHINGTON

lie duly commissioned, sworn and
qualified in and for Washington Par
ish, Louisiana, and in the presence
of the witnesses hereinafter named
and undersigned.
Personally came and appeared the
persons whose names are hereunto
subscribed, all of legal age and resi-
dents Of Washington Parish, Louisi-
ana, who severally declare unto me
said Notary, that awaiting themselves
of the provisions of the law of the
State of Louisiana, relative to the
formation of corporations, particu-
larry Act 267 of 1914, of the General
Assembly of the State of Louisiana,
they have formed, organized, cove
nanted and agreed, and by these pres
ents do covenant, agree, form and
organize a corporation and body po-
lite in law, for the objects and pur-
poses, under corporate name and
with the stipulatiens and agreements
hereinafter set forth, as follows, to-
wit:
ARTICLE /
The name of this corporation shall
be "THE WHITE CITY, INCORPOR-
ATED," and it shall have its domi-
Gle at Bogalusa, Washington Parish,
Louisiana, and shall have and enjoy
corporate succession for a period of
ninety-nine years under its corpor-
ate name.
ARTICLE II
The capital stock Of the corpora
ton shall be Fifteen Thousand Dol
lars, divided into fifteen thousand
shares of one dollar each, which said
shares shall be paid for in cash or its
equivalent in accordance with the
terms and provisions of Act 267 of
1914, of the General Assembly Of
the State of Louisiana. This corpOr-
alton shall become a going concern
when so per cent Of the capital stock
has actually been subscribed and paid
for in accordance with the terms Of
Sections and 3 of Act 267 Of 1914
above mentioned.
ARTICLE III
The objects and purposes for
which this corporation is organized,
are hereby declared to be as follows:
To buy, sell, lease, mortgage or other
wise hypothecate real and personal
property; to engage in any and all
legitimate amusement enterprises
and make the necessary contracts
therefor; to operate places Of amuse-
ment, parks, eating houses, cold drink
stands, etc.; to engage in any and
all kinds Of business not inconsistent
with the laws of the State of Louisi-
ana and the City of BOgalusa, La.
ARTICLE "
The capital stock of this corpora
L. -
sand Dollars upon otherwise comply
ing with the laws of the United
States, and the State of Louisiana.
The company shall endeavor to dis
tribute its stock to the largest num-
Der of stockholders, and no one, two
or three persons shall ever purchase
q controlling interest in the COM
pany's stock, directly or indirectly,
and any stock thus bought up in vio-
lati6n Of this Charter shall be at once
forfeited to the company, for the in
terests Of all Of the stockholders.
ARTICLE v
The company shall set aside, |
monthly, at least so per cent of the
net earnings of the company for divi-
dends, and whenever the accumulated~l
surplus amounts to more than ID per
cent Of the stock issued, shall de- |
clare an extra dividend quarterly.
ARTICLE vi
The officers of this corporation
are hereby declared to be: Presi-
dent, Vice-President and Secretary
and Treasurer. The President shall |
sign all contracts, deeds, leases, ETC.,
and do all other acts ordinarily in
cumbent upon the presiding officer.
The Vice President shall act for him
and in his stead during his absence,
and the Secretary shall keep an &C
curate minute of the affairs Of the
Company, and the Treasurer shall
keen q correct account of the
finances, keep the books and sign all
checks, etc.
Beard Of Directors.
The first Board Of Directors are
hereby declared to be: Charles
Webster, J. A. Spekenhier, Frank
Sullivan, D. T. Cushing, c. L.
Black and B. D. Talley, Of whom
Charles Webster shall be President,
J. A. Spekenhier, Vice-President;l G.
L. Black, Secretary, and d. 7. Cush-
ALAkn AGCAbuAGAg anu FANo~AsN
board shall hold office till the cleo
ton of their successors as hereinafter
set out, and any four Of this board
shall constitute a quorum for the
purpose of transacting the business
OF the corporation. The Board Of
Directors may pass such bylaws as
it deems wise and if a vacancy occur
in the membership of the bOafd, the
directors may at once fill it from
among the stockholders. The board
shall have power to determine how
payments for stock irP this corpora
ton shall be made, provided, that the
and terms are not incOn-
siste,. with the laws Of the state.
ARTICLE VIII
Stockholders Meetings. !,
The annual stockholders meeting
shall be held at the office Of the cor
poration in Bogalusa, La, on the sec
ond Tuesday Of June of each year at
which time the stock represented
either in person or by proxy shall be
voted to elect the new board Of seven
dirattops. and when the new Board