The Caucasian. (Shreveport, La.) 1900-192?, 1905-01-31

cate both real ana personal property, tc
contract, Sue and be sued in its corpor-
ate name to make and use corporate
seal and the same to change at pleasure
name and appoint such agents, officers
and managers and other employees as lis
interest may require. and the same to
discharge at pleasure, to make and es'
tablish such bylaws for the proper man.
agement of the affairs of the corporation
as may be necessary and proper.
ARTICLE ".
The officers of this corporation shall
be president, vice president, secretary
and treasurer. They shall hold their
offices for the period of one year, from
the first Monday in January, 1905, or
until their successors are duly qualified
All legal process shall be served on the
president at the domicile of the COM
pany, or in his absence on the vice presi-
dent, or in the absence of both the pres
ident and vice president, on the score
tary and treasurer. The affairs of the
corporation shall be managed by a
board of directors consisting of three
stockholders who shall be elected by
he stockholders annually at stock
holders meeting to be held at the iomi-
Gle OF the company on the first Monday
IN January of each year, and who shall
continue in office for one year. or until
other officers are duly elected and in
stalled.
The first board of directors of this
corporation shall be A. B. Ivey, w. T.
Smith and William H. Cox, and said
board shall hold office until the first
Monday in January, 1906. The first Of
acers of this corporation shall be A. B.
''vey, president; w. T. Smith, vice pres
ldent, and William H. Cox secretary
and treasurer.
he board of directors shall have
power and authority to select such
agents, managers and employees as may
De necessary in the conduct of the bust
ness of this corporation.
ARTICLE V.
The capital stock of this corporation
is hereby fixed at five thousand dollars
($5,ooo.oo) to be divided into fifty (5o)
shares of the par value of one hundred
dollars ($Ioo.oo) each, to be paid for in
cash. or its equivalent, at the time of
The issuance of the stock. The said
company shall commence business as
soon as thirty (3o) shares of the said
stock is subscribed and paid for in full.
he stock shall be transferable only
on the books of the company and by de-
livery of the. certificate of stock and its
cancellation by the corporation, for
which new s.teeeek shall be issued to the
sransferee of such stock. H..
ARTICLE VI.
. Ibis corporation may be dissolved or
this charter amended at any time by
vote OF tWo-thirds of the stockholders
1t meeting called for that purpose
liter thirty days written notice, mailed
70 each of the stockholders at their
usual postoffice address; provided said
notice may be waived and such meeting
held before the expiration of said time
by the unanimous consent of all the
Whenever this corporation is dis
solved, by limitation or otherwise, its
affairs shall be liquidated by two liqui-
1ators appointed by the stockholders for
hat purpose, who shall give such bond
and security as may be required of them
md perform such duties and have sucl,
tights as may be fixed by the stock
holders.
ARTICLE VII.
No stakeholder shall ever be held
liable or responsible for the contracts or
'aults of this corporation in any further
'um than the unpaid balance due to the
company on the shares owned by him,
Tor shall any mere informally in. the
organization have the effect of rendering
his charter null or of exposing any
tockholder to any liability beyond the
mount of his stock.
In testimony whereof the said parties
lave hereunto affixed their names in
presence of me, notary, and the under
igned attesting witnesses, after due
eading on this the 10TH day of Janu-
~, 1905.
w. T. SMITH, 10 shares.
A. B. IVEY, 10 shares. |