The Caucasian. (Shreveport, La.) 1900-192?, 1903-05-14


dred thousand dollars E$7ooooo.oo)
thousand (7ooo) shares of the sum OF
one hundred dollars ($Ioo) each. Said
stock shall consist of what is known as
common stock, divided into or repre-
sented by seven thousand (7oOO) shares
at one hundred dollars ($GOo) each.
When Issued the samc shall be paid tip
stock, and not subject to any assess
tnent
Section [. Said stock Shall be paid
for A. such times and in such manner
as the board Of directors NAV determine.
Tie board Of directors shall have full
power and control over the sale Of ali
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 fof the sale thereof; stock paid TIP
and not stub 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-
ceised b; the said corporation.
ARTICLE V.
All the corporate powers OF said cor
rcration shall be vested in and exer-
ciscd by board of directors, to be COM
rosed Of seven (7) 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 1nder the superintendent of
three com nissioners. 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 Leesvile, State
of Louisiana. and Kansas City, State of
Missouri; and each stakeholder shall be
entitled 10 one vote for each share of
stock standing i'll his name on the books
Of the company. to be cast by proxy or
in person. and a ma ority of votes shall
elect. Any vacancies occurring among
the directors by death, resignation or
otherwise, shall be filled for the re-
mainder of the year bv the remaining
directors: 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 in one or more news
papers published in the cities of Lees
City, State of Missouri.
Cid 6z..4 - I.~usA1-. .Isr sf~n
have full power and authority to borrow
money, execute mortgages, issue notes,
bonds or other obligations, and general
ly to do all things reasonably necessary
for the proper carrying on of the busi-
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 pertaining to its
business, or license to use such inven-
tons and letters patent.
ARTICLE VI.
The following named persons, to-wit
J. NJ. Gore, ]. d. Justice, w. B. Betty,
r. S. Love. H. M. Harrison, S. G. War
ner and S. P. Slope 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
elected.
J. NJ. GORE,
F. S. LOVE,