The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1920-04-03
CHARTER
Articles Of Incorporation OF the BAL
Iulah Housing Corporation,
Incorporated

BE 1T KNOWN AND hEmE
BERED, That on this the 3lst day OF
January in the year of our Lord l92o,
before me, John E. Yerger, Clerk OF
tine Ninth District Court for the Par
ish Of Madison, and Ex-Officio Notary
Public in and for said Parish and
State. duly commissioned and quail
fled according to law, and IN the
nresence of the witnesses hereinafter
named and undersigned. personally
came and appeared the persons whose
names are hereunto subscribed, all
above the full age Of majority, VINO
severally declared that, awaiting them
selves of the laws of this State reia-
tive to the organization of corpora
tions. and particularly of the pro.
visions of Act No. 267 of the Acts OF
the General Assembly of Louisiana
for the wear 1914, they have formed
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 a corporation
and BODY polite in law for the OBJ
iects and under the stipulations and
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 COR
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 Secre-
! tarv 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 &C
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, agent:
or managers, as the interest OF sale
corporation may require; to establish
rules and regulations for the proDel
management of its affairs. and tt
change or alter the said rules and re
I gulations when necessary. and to q.
and perform generally any and al
acts necessary and proper in carry
: inc out the business and purposes o
this corporation.
ARTICLE II.
| The domicile of this corporation
| hereby fixed at Tallulah. Madiso
| Parish, Louisiana.
| The President, or in his absenc
the Vice-President, or in his absenc
l the Secretary, is designated as tn
| proper person upon whom rarvice 9
/ legal process against if shall be mad'
| ARTICLE III.
| The objects and purposes for whic
/ this corporation is organized, and tn
l nature of the business to be carrie
l on by it are hereby declared tn be
| purchase or lease. or otherwise a
l auire lots or parcels of ground in I'll
| Village of Tallulah. or lands adiaceI
| to said village. and to erect thereo
houses and buildings of any natul
i and kind whatsoever. and to lease ar
/ let. or to sell said houses and 9TH
/ buildings, and to purchase. lease
l otherwise acquire any lands and ere
| any buildings, plants and houses Il
j the development of said lots and Ian,
and the greater development Of Il
|. Village of Tallulah. and to do 9
n other things incidental and necessal
to carry out such objects and pu
poses. -
The capital stock Of this corpor
ton is hereby fixed at the sum
Twenty Thousand ($20.000.00) DE-
lars, divided into two hundred (20i
shares of the par value Of One Hun
red (S100.00) Dollars each: whi'
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 it's par value.
Any stakeholder may sell his sto
in the corporation. provided tn
thirty (3G) days prior notice of su,
intention to sell. assign or transf
the same be given to the compan
and the other stockholders shall ha
the first privilege of purchasing sam
after which thirty (30) days motto
in case the other stockholders do n
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 thel
= of be made on the books Of the CT
poration at its office. on the surrend
- Of the stock certificates.
- ARTICLE v.
The corporate power OF this CT
3 poration shall be vested in and ext
u cised by a board of directors Of sew
(7) stockholders. majority Of who
shall constitute a quorum for
IS transaction of business, with f
\ power to purchase, receive by dor
ton, sell, MORTGAGE, chattel mortgas
y pledge. pawn, convey. lease. eth
n as lessor or lessee, property, both n
and personal; to borrow money a
4 issue the company's negotiable moi
* or bonds, either unsecured or secur
by mortgage on its real-estate, chat
mortgage, pledge or nawn of its o,
E sonal property. and to do any and
4 other acts which this corporation
authorized to do in carrying out I
y purposes and objects for which it
Il established; to make and establish
laws and to change the same: to hi
emplov, e--oint and discharge
officers and employees, and to
. their salaries, and to fill all vacanc
occurring in the board of directt
. by death, resignation or otherwi
and to increase the directors of 81
corporation not TO exceed eleven Il
members, all Of whom must be 'stot
holders.