Shreveport semi-weekly news. [volume] (Shreveport, La.) 1865-18??, 1865-09-16
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Company, in any further sum than the
| amount OF his stock. nor shall he be subject
to any further call, nor shall any in.or.
mality in organizing. or any other eircuR-
| stockhoider to any liability. beyond the
amount OF his stock ; nor shall any in.o1.
mality OR delay in the organization Of the
Company. nulify tue charter
ARTICLE, Sch. AL the corporate powers
of this company. shall be exercised By =
board Of three directors, two Of whom shall
constitute quorum the first board shall
Crook and John W. Wheaton. to serve
| until the End Monday OF August 1866, OF
until their successors shall be duly elected.
And on the 2nd Monday Of August, 1866,
and every succeeding year, during the ex-
istence of this charter, an election shall DO
held for q new board of three directors, who
shall serve for one year from said date or
elected. At each election OF the stock
holders, each stakeholder shall be entitled
to one vote for every share he may own IN
said company.
Should any circumstance prevent tho
election of a new board of directors or the
day named for that purpose then q new
order shall be issued by tue Preside at call.
ing the stockholders together for that pur-
pose. as soon thereafter as circumstances
mag permit. :.
The board STALL cleo. one Of their mem
bets to be President of the Company.
The board of directors shall NEE. once
every ,hre. months. viz. on the second
Mondays Of January. April, July, aud
October; and the President shall call special
meetings. whenever. in his opinion the in
serest of the Company may require the
same. Meetings of the Bosrd of directors
may also be called at the Request of any
one director. or of any two of the stock.
holders OF the Company.
The Treasurer sbaii make out every
quarter, viz, on the second Mondays Of
January, April. July, and October. state.
ment of the business affairs of the Corpora
ton to be submitted to the board Of direc-
tors, who shall make full annual report
to the stockholders on the second Monday
Of August, Of every year.
The board Of directors, shall elect Sec
rotary and Treasurer. The Secretary shall
keep an exact record Of the proceedings
of all meetings Of the board Of directors
and Of the stockholders, and the sams
shall be 1t all times open 70 the inspection
of the stockholders.
At al: elections each stockhotder shalt be
entitled to one vote for each share Of stock
owned by him.
Provided. that such stock shall not have
been transferred to him within thirty days
prior to said eie ction.
stockholders may appoint other stock
holders to represent them at any meeting
such representative shall have power to
cast what ever vote said stakeholder would
have been entitled to- had he been present
himself at such meeting.
The board of directors shall fx the
amount of compensation Of all persons en-
ployed by them in the service of the CON-
pany, they shall make such By-Laws.
Pol. nrI 1,tsn thAry
necessary for the government Of the cem-
pany. and the transaction of its Alters
provided the same shall not conflict with
this charter or the laws of this State aud
they may alter or amend the same as
occasion may require; they shall have pow
CIR to buy and sell real estate. for the uses
sud purposes of the Com?sny to make
tons. and compromises, and borrow money
for the use of the Company.
ARTICLE. 9th, In the event Of the death
OF resignation Of any Of the directors. the
vacancy shall be filed by an election by
the sto ckholders after notice OF thirty days,
TO be posted at the Office of the Company.
"A vacancy in the ONCE of President shall
be flied by the board OF directors at the
first meeting OF the board al " such Va
cancy occurs. by the election Of one Of ia
members to Ill the vacancy.
Vacancy In the Office of Secretary shall
also be filled by the board of directors, At
the first meeting of the board. after such Va.
caIcy occurs. The President of the board
shall have power to appoint Secretary
pro tenn. to act unit! he election Of q Sec
rotary as herein provided tor.
ARTICLE. 9TH. Certificates of stock shall
be issued to the stockholders, as soon n
the board Of directors shall organize, undrr
this act: and such Certificate shall be
signed by the President and Secretary Of
the board, and no transfer shall be valid.
unlees made upon the stock book. aud by
the surrender of the Certificate.
ARTICLE, 9Th. The capital stock may be
increased from time 10 time in such man.
ner, and to such extent. as may be recon.
moulded by the board of directors, and
determined upon by q majority Of the
stock held by the stockholders, at = meet,
ing held for that purpose, after thirty days
previous notice, il one Of the newspapers
published n the city of Shreveport.
ARTICLE. 9th. The Company shslk
make dividends. ~ often as the boar
Of directors shall deem expedfent,
ARTICLE, 10th. The stock holders at
general meeting held for that purpose
shall by vote of three tourths Of ID
amount of stock represented at such meg
ing. have power to make any modifcatt
additions or changes, in this Chart
to dissolve the same entirely.
ARTICLE. llth. At the close
Charter, or sooner. if the MAORI
sto ckholders determine 10 c,oss
they shall elect three of their
dating commissioners. who shall
10 close the corporation, sell its
divide the proceeds amongst
holders.
This done and passed ir say-6
city Of Shreveport, in the prl
Henry E. Allen, and A. W. Roysd
petent witnesses CT this city who hi
unto signed their names as such,
with the said parties. and me the Nd
this the first day of August 4. o. Il
| Attest Geo Abb