The Caucasian. (Shreveport, La.) 1900-192?, 1903-06-18
took, and not subject to any assess

stock, and not subject to any assess
1nent.
Section I. Said stock shall be paid
for az such times and in such manner
as the. board of directors may determine.
| The board of directors shall have full
power and control over the sale Of all
stock that may be held by the company,
as treasury stock, with the full power to
sell such treasury stock, to fix the price
at which the same shall be sold. and
also the condition, manner and proviS-
ions foi the sale thereof; stock paid up
and not subject to assessment may be
issued by said board of directors. at not
less than par value, in payment of labor
done or property and rights actually re-
ceiyed by the said corporation.
| ARTICLE V.
| All the corporate powers of said Coz
rcration shall be vested in and exer-
ciscd by board of directors, to be COM
posed of seven CD stockholders, each
of whom must be the owner of at least
ten (Io) shares of the capital stock of
said company. who shall be elected an
nually on the second Thursday of May
of each year.
All such elections shall be by ballot
and conducted at the Office of said cor
poration under the superintendent of
three commissioners, to be appointed by
the board of directors, and of which
election ten days prior notice shall be
given in one or more newspapers pub
lished in the cities of Leesville, State
of Louisiana, and Kansas City, State of
Missouri: and each stakeholder shall be
entitled to one vote for each share OF
stock standing in His name on the books
| of the company, to be cast by proxy or
in person, and a maj gritty of votes shall
elect Any vacancies occurring among
the directors by death, resignation or
otherwise shall be file for the re-
nainder of the year bv the remaining
directors a failure to elect directors on
the date above specified shall not dis
solve the corporation, but the directors
then in Office shall remain in Office Until
their successors are elected and quail
fed, and shall cause to be had another
election as soon as possible thereafter,
after ten days prior notice thereof shall
have been given III one or more news
papers published in the cities of Lees
vil1e State of Louisiana, and Kansas
City, State of Missouri.
Said board of directors shall also
have full power and authority to borrow
1.soney, execute mortgages, issue notes,
bonds or other obligations, and general
1y to do all things reasonably necessary
for the proper carrying on of the bust
ness Of the corporation, as also to issue
and deliver full paid shares of stocks or
bonds or obligations of said corporation
at not less than par, in payment of labor
done or money borrowed, or property
or rights actually received by said cor
poration; and to acquire and sell inven-
tons and letters patent-pertalning to its
business, or license to use such inven-
tons and letters patent.
Y ARTICLE VI.
The following named persons. to-wit:
| ]. M. Gore, I'D. Justice, W. B. Betty,
F. S. Love, Fl. NJ Harrison, S. 6. War
ner and S. P. Saope have been chosen
and selected as the first board of direc-
| tors Of said company, to serve as such
until the FIRST annual meeting or as here
| in provided for, to-Wit: the second
| Thursday in May. nineteen hundred and
four, or until their successors have been
]. M. GORE,