The Caucasian. (Shreveport, La.) 1900-192?, 1901-01-20

F. age, who declared that. availing
e~&Ss fes OF The provisions of the laws Of
relative TO corporations. and es
of Act 30 Of 1888 of the General AS
- Louisiana, they have covenanted
ed, and by these presents covenant
&c, and bind themselves as well AZ
- &her persons as may hereafter be
Ssoclated with them, to form and
ute corporation and body polite
Tor The purposes and objects and
the stlpulations, articles and condi-
following, to-wit:
ARTICLE /.
The name and title of the said corpora
ION s,ll shall be the y j. MEANS MACHIN-
ttshl COMPANY. LIMITED" and its
domicile is hereby established in the city
OF shreveport, State of Louisiana; and
under Its said corporate name, said corpo-
ration shall have power and authority to
contract, sue and lie sued; TO make and use
acorporate seal, and the same to break and
alter at pleasure; TO hold receive have
purchase. improve. ALLEVIATE, convey, sell,
Dorrow, pledge, mortgage and hyothecate,
uhdet It's said corporate name, property,
real, personal aud mixed; TO name and APP
point such officers, directors, agents and
ana managers, or employees, as the inter
est or convenience of said corporation may
require; to make and establish bylaws.
rules and regulations for the proper man
agement and regulations for its affairs, as
may be deemed necessary and proper, and
the same to change and alter at pleasure;
4 and to do all other acts and things perLiitt-
Ell by law, or as shall or may be necessary
A&E& proper TO carry on the objects and pur-
IS5ses of said corporation.
Said corporation unless sooner dissolved,
IN accordance with its charter, shall exist
and continue for the period of twenty-five
(25l years from and after the date hereof.
The president, or in his absence the vice
4 Il.
person upon whom citation or other legal
process shall be served.
ARTICLE II.
The objects and purposes for which this
corporation is organized, and the nature OF
the business TO be carried on by it, are de
ciared TO be the following tO-wit: To do
a general machinery business, and to that
end purchase. sell and manufacture ma
chinery and boilers Of all and every de
scription.
ARTICLE III
The capital stock of the said corporation
shall be Fifty Thousand ($50.0O0) Dollars
divided into and represented by Five Hun
dred shares (5OO) of the sum Of One Hun
dred ($1OO) dollars each, which said stock
shall be paid for in cash at the time of sub
scriptiOn, or the same may be issued at not
less than par, in payment or exchange for
property or rights actually received
or purchased by said corporation, or
the same may be issued, full paid, for
money advanced, and for such other valua-
BILE consideration or services as the board
of directors of said corporation may de-
termine, provided, that no stock shall be
iss1e1until the consideration therefor has
.EDeen received by the said corporation.
Any stakeholder may SELL assign or
transfer his stock in this corporation, pro
gided thirty 900 days prior notice of such
inteHtiOn to sell. assign or transfer the
al.
stock holders thereof shall have the first
privilege Of purchasing same, after which
thirty days notice the said stock may Ire
sold in open market
The stock of said corporation may be
transferred under the above conditions,
provided suck transfer thereof be made on
the books of said company, at its office IN
the city of Shreveport, La, and on sur
render of the certificate thereof No trans
fer of any fractional part Of the share shall
be made.
This corporation shah commence doing
business rs soon as One Hundred t$lOOl
shares of the capital stock shall have been
subscribed for. The Board of Directors
shall have the right to determine how
much stock shall be issued.
ARTICLE ~.
The corporate powers of this company
shall be vested in and exercised by board
Of three directors, consisting of the presl-
corporatiOn). vice-president aud one stock
holder two OF said board shall constitute
quorum for the transaction OF business,
and their decision shall be valid corporate
acts
The following persons shall constitute
the first Board Of Directors: J. l.. Means,
president; X. :. Munger, vice-president; >
4. Munger, secretary.
No person shall he eligible rs director, or
an officer, who Is not a stakeholder of this
company During the absence of the pres-
dent. the vice president shall act and
preside.
Said board shall continue in Office until
the second Tuesday in January 1902, on
which date and thereafter annually. a
board of directors shall be elected on the
second Tuesday in January of each year.
unless the same should be- a holiday. when
the election shall be held on the next legal
day thereafter.
Notice Of such election shall be given by
at least ten days continuous publication
Immediately preceding each election. i'm
one OF the daily newspapers of tins city,
and the board OF directors shall appoint
one OF more stockholders 10 preside at
sucn election as commissioners
In the event Of the failure of any com
missioners to attend. the president shall.
by appointment. fill the vacancy ANY
failure from any cause whatever. TO elect
directors the day named for that purpose
directors then in office as well as the OIL
GERS oil said company, shall hold over until
their suecessOrs are chosen. In such event
the president shall cause another election
20 be held within thirty days. and shall
give notice thereof as hereinbefOre pro-
vided
a. every election and meeting each stock
hoidef shall BE- entitled to vote for each
share u stock registered in his name. and
may yete by proNy.
The election Of directors shall be by bal
lot. and tue majority in amount Of votes
NAst, each share Of stock voted upon To be
counted for one vote, shall elect the person
or persons Tor whom they have been cast
After each election the Board Of Directors
SHALL elect from their own number the OIL
GERS OF said company.
ARTICLE V.
The Boarl ot1)irectors shall have full
power 70 nlhvacancies in their number
s.usea nx gath resignation or otherwise,
yhg the stockholders Of the corpo-
The said Board shall have full control Of
Tie property of this company and shall 80
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