The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1920-03-06
CHARTER
Articles Of incorporation OF the iai'
Iulah Housing Corporation
incorporates

ArticleS Of Incorporated OF tne
lulah Housing Corporation
Incorporated
STATE OF LOUISIANA,
PARISH OF MADISON: ,
BE 1T KNOWN AND kEMEM,
BERED, That on this the 3lst day OF
January in the year of our Lord 192o:
before me, John E. Yerger, Clerk OF
the Ninth District Court for the FAR
;sh ~ Madison, and Ex-Officio Notary
Public in and for said Parish ana
/ State. duly commissioned and quail
fled according to law. and In tine
presence of the witnesses herelna1Ier
named and undersigned, personally
came and appeared 'he persons whose
names are hereunto subscribed, all
above the full age Of majority, who
seyerally declared that, awaiting them
selves of the laws of this State rela-
tive to the organization of corpora
tons. 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
we'll as such other persons who may
become associated with them and
| their successors, into a corporation
and body polite in law for the oh,
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
tion hereby formed is declared to be
THE TALLULAH HOUSING COR
PORATION, INCORPORATED.
II shall exist and enjoy succession
by its corporate name for the PERIOD
Of ninety-nine 1897 years from and
after the date hereof unless sooner
! dissolved; its certificates of stock shall
be signed by the President and Secre.
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
p at pleasure, corporate seal; TO &C
= ouire by purchase, lease or otherwise
q real, personal and mixed property; tt
\ hold own, ALLEVIATE, lease, pledge Of
& mortgage the same: to incur debt
= to borrow money and to issue note!
y and other evidences of Indebtedness
q to appoint officers, directors, agents
II or managers, as the interest OF san
q corporation may require; to establish
3 rules and regulations for the prone
3 management of its affairs. and t
8 change or alter the said rules and re
% gulations when necessary, and to d.
= and perform generally any and a.
g acts necessary and proper in carry
81 inc out the business and purposes
81 this corporation.
= ARTICLE II.
"a The domicile of this corporation
4 hereby fixed at Tallulah, Madiso
81 Parish, Louisiana.
Ia The President, or in his absenc
~ the Vice-President, or in his absenc
"a the Secretary, is designated as tn
81 proper person upon whom rnrvica
81 legal process against it shall be mad
A ARTICLE III.
3 The objects and purposes for whic
n this corporation is organized, and tn
Z nature of the business to be carrie
: on by it are hereby declared tn be
purchase or lease, or otherwise a
quire lots or parcels of ground in tt
Village of Tallulah, or lands adjacel
to said village, and to erect theree
houses and buildings of any natul
: and kind whatsoever. and to lease ar
I let, or to sell said houses and 9TH
~ buildings, and to purchase. lease
r otherwise acquire any lands and ere
- any buildings, plants and houses +
the DEVELOPMENT of said lots and Ian
Z, and the greater development OF, Il
~ Village Of Tallulah, and to do |
e other things incidental and necess:
~ to carry out such objects and pu
poses.
& The capital stock of this corpor
"a ton is hereby fixed at the sum
kS Twenty Thousand (S20. 000.00) d,
"a lars, divided into two hundred GO
IA shares of the par value of One Hur
Is red ($1O0.00) Dollars each: viii
ia said stock shall be paid for in cash
III in property at the time Of subscr
ton, or as the same may be issue
at not less than its par value.
FL Any stockholder may sell his sto
in the corporation, provided Il
thirty (30) days prior notice of su
81 intention to sell. assign or trans1
the same be given to the compal
and the other stockholders shall hs
the first privilege of purchasing san
after which thirty (30) days mott
q in case the other stockholders do ]
purchase the same, the said stock m
be sold in the open market and m
. be transferred under the above c.
ditions. provided such transfer the
- of be made on the books of the C
poration at its office. on the surren'
of the stock certificates.
III ARTICLE v.
The corporate power of this c
poration shall be vested in and ex
cised by a board of directors of se'
(7) stockholders, majority of VIII
shall constitute quorum for
transaction of business, with
power to purchase, receive by do
ton, sell, MORTGAGE, chattel mortga
pledge, pawn, convey. lease, cit
as lessor or lessee, property, both T
and personal; to borrow money {
issue the company's negotiable no
or bonds, either unsecured or secu
by mortgage on its real-estate. cha
mortgage, pledge or pawn of its Z
sonal property. and to do any and
other acts which this corporation
authorized to do in carrying out
purposes and objects for which il
established; to make and establish
laws and to change the same: to h
EMPLOY, a~-oint and discharge
officers and EMPLOYEES. and to