The Caucasian. (Shreveport, La.) 1900-192?, 1901-07-24

ldred aHa twenty Thousand tsIaoood
.oo) .Dollafs, divided Into Twelve Hun
Idred shafes, at one hundred dollars per
share, the said stock to be paid for in
full when subscribed in money or min
;eral lands and said corporation is au-
:thorized to commence business when
! Twelve Thousand Dollars Cor 10
shares) are subscribed for and paid up.
J ARTICLE Y.
; The corporate powers of this cor
poration shall be vested i'll board Of
directors composed of I've stock
holders who shall be elccte annually
/ on the first Monday in May
| The first Board of directors is de-
clared to be F. NJ. Greene, w. II. Wad-
kins, R. S. Allday, J. B. Roberts, s. A.
, Watkins. who shall serve until their
successors are chosen. The officers of
this corporation shall be a president,
vice-president. treasurer and secretary.
and the first of said officers are declar-
ed to be L. F. Allday President; r. P.
Dunklin, Vice president; NJ. NJ.
Pruitt, Treasurer and ..............
Secretary, and they shall serve until
their successors are chosen and said
officers shall be elected annually on
said first Monday in May A majority
of the stock present shall elect the d.
rectors, and in all elections or proceed
ings of stockholders each share of
stock present or represented by written
proxy, shall be entitled to one vote.
NJtice of all elections or meetings of
xockholders shall be advertised ten
days in a daily Shreveport paper: di-
rectors to be chosen at Office of the
company under supervision of three
commissioners appointed by the d.
rectors from the stockholders.
ARTICLE vi
Failure to hold an election for di-
rectors on day named shall not dissolve
the corporation. but the incumbent d.
rectors shall hold over until their sue
cessors are duly qualified and elected
Any vacancy in the board shall be fill
ed by the remaining directors. The
csrd of Directors shall have power to
contract debts, borrow money, appoint
general manager and do all things
necessary to carry out the objects and
purposes of this corporation.
ARTICLE VII.
No sale of stock shall be binding or
valid on this corporation until same
has been transferred on the books of
the corporation, which have the prefer
ence in purchasing all shares offered
for sale. No stakeholder shall be LA
bic on anv obligation of this corpora
ton, in any further sum than the
amouEt of rrpaid balance on his stock.
On failure of a stakeholder to pay
for stock subscribed, it shall be op-
ioanl With the Pcard Of Directors ei-
Their to declare :he delinquent shares
forfeited to the corporation or to sue
the subscriber for the price due
thereon.
ARTICLE VIII.
This corporation is authorized to in
crease lis capital stock to Two Hun
dred and Forty Thousand Dollar, b.
two-thirds vote Of all the stockhold
ers at meeting held according to law.
Such original stockholders shall have
the right to particiDate in said increas-
ed issue of stock in proportion to hold
ings of original stockholders, and in
default thereof the other stockholders
shall first have a right to purchase said
stock before it is offered to third per-
sons.
ARTICLE TX.
This charter may be changed, amen
ded or dissolved in any way (except
to increase or diminish its capital stock,
which shall be done by vote of two
thirds of stock present. with the as
sent of three-fourths of the stock rep
resented at a general meeting of the
stockholders convened for this pur-
pose after thirty days previous notice
published in a daily Shreveport paper.
Whenever this corporation is dissolved
by limitation or otherwise its affairs
shall be liquidated b. three commits
sioners elected at a stockholders meet
ing, who shall have full power to wind |
up its affairs, settle its Indebtedness
and distribute the proceeds among the
Done and passed at my Office in Cad
do Parish, Louisiana, in the presence
Of r. K. Colquitt and w. T. Colquitt,
witnesses. on this 27th day
1t June. Ammo Domino Nineteen hum
bred and one (IooI.)
ALLEN Kendall.
Notary Public, Caddo Parish, La.
II