The Caucasian. (Shreveport, La.) 1900-192?, 1905-06-15

ltN, and on surrender OF the CcrtlhCate
therefor o. stakeholder shall be per
mitttd to dispose of this stock or any
part of it without first giving i'll writing
TO the other stockholders ten days no
tice Of such intention to transfer and
allowing such other stockholders the
first opportunity to purchase SAID stock.
The office Of this company shall be at
the office of Thatcher & Welsh. attOr-
news -at-laW, in Shreveport, La. The
subscription and stock books OF This
corporation shall be kept at the domicilc
thereof where certificates of stock shall
be issued
ARTICLE V.
The corporate powers of this corpora
lion shall be vested in Board of Dircc-
Tors composed of three stockholders,
two of said stockholders shall constitute
a quorum for the transaction of all bus
mess. The first Board of Directors
shall be J. H. Thatcher. Charles II. Me-
Clcland and NJ A.. McCutchcn. with
Charles H. McClcl1and as President :;
NJ A. McCutchcn as Vice President and
J. H. Thatcher as treasurer
md they shall continue in office until the
second Tuesday in January. 1906, or
until their successors are duly elected
md installed Beginning with the year
1906. the said Board of Directors shall
be elected from among the stockholders
annually on the second Tuesday in JAN
1ary, unless the same should be legal
holiday, IN which event the election shall
be held on the first legal day thereafter.
Said Board of Directors shall elect from
it's number President. Vice President
md one to act as Secretary treasurer.
In the election of officers. which cleo
ton shall be by ballot, each share of
stock shall be entitled to one vote to be
cast by the owner in person or by proxy;
three fOurth> of the votes cast shall
.lect. Notice of the election of direc-
tors shall be given by ten days publ
cation Immediately preceding the meet
lug in one of the daily newspapers of the
city of Shreveport. In case of failure
from any cause to elect on the day
named for that purpose. this shall not
dissolve the corporation but the direc
tors and officers shall hold over until
heir successors are elected. In such
event the President shall cause another
Election to be held within thirty days.
md shall give notice as above provided.
ARTICLE VI.
The Board of Directors shall have
bower to fill vacancies in their number
caused by death or otherwise. The said
Board shal have power to adopt such
bylaws. rules and regulations as the
affairs and business of the corporation
may require; to fix and determine the
salaries of the officers herein provided
for. and of all other officers, agents or
employees. The said Board shall have
full control of the property Of this COM
Dany and shall have power to contract
debts, borrow money, issue notes and
drafts and bills of exchange and gener-
lily to do all things incident to the OBJ
;ects and purposes of the corporation.
ARTICLE>VII.
This charter may be amended or
changed or said corporation may be dis |
solved with the consent of three fourths
n amount of the capital stock subscribed
for, at meeting of the stockholders
for that purpose, after ten
lays previous notice of said meeting
;hall have been given by publication in
me of the daily newspapers of the city |
If Shreveport. Whenever this corpora
ion is dissolved by limitation Or other
wise, its affairs shall be liquiiated by |
wo commissioners or liquidators elected |
" the stockholders, who shall have pow
II to close up its affairs, dispose of its
ssets and settle its debts and make dis |
In case of death, disability
" refusal to act of one liquidator. the
ther shall have full power to act.
No stockho1der shall ever be held liza
lie for the contracts or faults of said
corporation in any further sum than
he unpaid balance due on shares of
took owned by him, nor shall any infor-
1ality in organization have the effect of
this charter null Or of expos
1g stakeholder to any liability beyond
he unpaid balance. if any. of his stock
In testimony whereof the said parties
ave hereunto signed their names in the
resence of F. G. Thatcher and A. J.
1urff, competent witnesses, and me, no.
ary, on this the 18th day of June A.
J.. 1905.
J. H. THATCHER. |
c. M. McCLELLAND. |
NJ. A. McCUTCHEN.