The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1920-03-20
CHARTER
Articles af Incorporation OF the al
iuiah Housing Corporation
incorporated

a -
RE 1T KNOWN AND REMEM.
RFPr,D. That on this the 3'st day OF
lamar in the wear of our Lord l9ZO,
before me. john E. Yerger, Clerk OF
tbo Ninth District Court for the FAR
;sb ne Madison, and Ex-Officio Notary /
Public in and for said Parish and .
cote duly commissioned and quail .
fled according 70 law, ana In the
nroSence of the witnesses hereinafter
canned and undersigned, personally
came ard appeared +He persons whose
! names are hcreunto subscribed, al
above the full age or mal0:lIY, "Ilo
severa,lv declared that, awaiting them-
selves of the laws OF this state rela-
tive to the organization OF corpora
tons, and particularly or the pro-
visions of Act No. 267 OF the Acts u
the General Assembly OF louisiana
for the year 1914. they nave IoItileE
and organized. and bv these presents
do form and organize themselves as
well as such other persons VINO may
become associated with them ana
their successors, into corporation
ard body polite in law for the 90,
iects and, under the stipula:lons ana
agreements hereinafter set forth ana
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 COZ
PORATION, INCORPORATED.
Il shall exist and enjoy succession
] bv rs corporate rame for the PERIOD
I OF ninetv-nine (o9) years from and
aft,r the date hereof unless sooner
dissolved; its certificates of stock shall
E he signed BIZ the President and Secre,
: tarv and bear the impress of the sea
of the corporation: it shall have power
= End authority to contract, sue and of
sued. to adopt, use and break or alter
. at pleasure, a corporate seal; TO &C
a nui-e by purchase, lease or otherwise
= real. personal and mixed property; II
: hold own, ALLEVIATE. lease. pledge o
: mortgage the same to incur debt
4 TO borrow money and to issue note
. and other evidences Of Indebtedness
;. TO appoint officers, directors, agent
Z or managers. as the interest OF SAL
4 corporation may require; to estabhs
e rules and regulations fer the prone
q management of its affairs and I
8 change or alter the said rules and re
n gulations when necessary, and to q
q and perform generally any and
g acts necessary and proper IN carry
81 inc out the business and purposes c
81 his corporation.
n ARTICLE ii.
"a The domicile of this corporation
81 hereby fixed at Tallulah, Madlso
~ Parish, Louisiana.
81 The President, or in his absenc
81 the ViceHPresident, or in his abse1C
~ the Secretary, is designated as II
H. prcper person upon whom earvice
s% legal process apainst il shall be mad
s ARTICLE III.
w The objects ard purposes for whit
Esy this corporation is organized, and II
~ mature Of the business to be carrie
~ on bv it are hereby declared r. be
"a purchase or lease. or Otherwise Q
"a; ouire lots or narcels Of ground in 4
IA Village of Talluiah, or lands atlace
k@ TO said yillape. and to erect there's
az houses and buildings of any natu
sS and kind whatsoever, and to lease a
81 let. or to sell said houses ard 9th
Efs buildings. and TO purchase, lease
fss otherwise acquire any lands and err.
U, any buildings. nlauts and houses I
~ the development Of said lots and Ian
IA and the greater development Of t
"a Village of Tallulah, and to do
~ other things incidental and necessa
u; n carry out such objects and pl
K, poses. -
x ARTICLE ".
h. The capital stock of this cor2o,
" ton is hereby fixed at the sum
81 Twenty Thousand $3.50 .00000) ID
~ lars, divided into two hundred &c
r. shares of the par value of One HUI
H.. red (S1O0.O0) Dollars each; VIII
Nd said stock shall be paid for in cash
IL in property at the time of suhscr
~ ton. or as the same NAV be iSsu
e at not less than its par value.
tSE Any stakeholder may sell his stt
liz in the. corporation, provided {
r. thirty (30l days prior notice Of 81
e. intention to sell assign or trans
IS the same be given to the compa
r. and the other stockholders shall ii
H the frEt privilege of purchasing ga,
&c after which thirty (30l days not
~: in case the other stockholders do
W3 purchase the same. the said stock II
e1saA be cold in the open market and n
. be transferred under the above c
ditions, provided such transfer th'
-s., of be made on the books of the I
pora.ion at its office, on the surren
of the stock certificates.
I-RTICLE v.
The corporate power of this
poration shall be vcs-ed in and e,
cised by board Of directors of Sc
(7) stockholders. a majority of wi
shall constitute quorum for
transaction of business, with
power to purchase, receive by do
ton, sell, MORTGAGE, chattel mortg;
pledge. pawn, convey. lease, eli
as lessor or lessee, property. both
and PERSONAL; to borrow money
issue the company's negotiable n
or bonds, either unsecured or sect
by mortgage on its real-estato, cha
mortgage, pledge or nawn Of IFS
i, sonal property. and to do any ant
other acts which this corporation
/; authorized to do in carrying out
, purposes and objects for which
established; to make and establish
: laws and to change the same; to
emp,ov, s-~oint and discharge
officers and employees. and to
. their salaries, and TO fill all vacan
wx, occurring in the board of direc
by death. resignation or otherv
:. and to increase the directors of
= corporation not 70 exceed eleven
members, all of whom must be st