The Caucasian., 1905-05-04

bonds in payment thereof, and at sucf
valuations as may be agreed upon ane
between the directors of this corporation
and the owner of land, material, sup
plies, rolling stock, and the labors O
contractors of work; to accept or re-
ceive from any State, county or parish
district, town, village or person, any
right, privileges or franchises which the
same may offer for the construction
maintenance, management or use of it:
transportation lines, their depots
wharves, shops, cars, locomotives, anc
the general business which the same may
choose to grant, release to or otherwise
confer to give; to borrow money Or tc
purchase or lease property on its owr
credit for the purpose of constructing
maintaining and operating a line OF
transportation and telegraph, and as evi.
dence of indebtedness of this corporation
for such loans of the purchase or lease
of said property, to Issue its corporate
bonds, or promissory notes, bearing in
terest and made payable either in the
United States currency or gold coin, and
at such time and place as may be deemed
advantageous by the directors and for
securing the payment Of said bonds and
notes, to mortgage and pledge its rail-
roads, capital stock, company buildings,
corporate franchise, real or personal
property, or any portion Of the same"
Upon motion duly made, seconded and
passed, it was voted to adopt the follow
ing resolution, modifying Article w Of
the Charter of the company:
THE corporate powers of said cor
poration shall be exercised by and vested
in a Board of Directors composed OF
seven stockholders. Said directors shall
be elected annually on Friday after the
first Thursday of April of each year, or
such other day as the stockholders at a
regular meeting may fix, and all such
elections shalt be by ballot and conduct
ed at the Office of said corporation, Of
which election thirty days prior notice
shall be given in newspaper published
in the city Of Shreveport. And the ii-
rectors thus elected shall serve until
their successors shall have been elected.
A majority of the votes cast shall elect,
and each share of stock shall be entitled
to one vote, either in person or by proxy.
A failure to elect directors on the day
required shall not dissolve the corpora
tion. but the Board of Directors shall
continue to hold their Office, and no
other election shall be held within thirty
days thereafter and ten days prior no
tice shall be given in newspaper pub
lished in the city of Shreveport. Any
vacancy occurring in said Board Of Di-
rectors from any cause whatsoeer shall
be filled by election by the remaining
directors. Four directors shall consti-
tute quorum for the transaction of
business. Said Board of Directors at
their first meeting in each year shall
elect one of their own number as presi- !
dent and vice president; also secretary
and a treasurer, ana shall appoint from
time to time such officers, clerks, agents
and confer power to apoint same on
any proper officer, and such other en-
)loyes that may be deemed necessary for
he business and purpose Of said cor
3oration, and dismiss the same at pleas
ire, and shall have full power to make
md establish, as we'll as change or
lmend or alter conformably to this act
# incorporation, all bylaws, rules and
regulations deemed requisite for the
purpose and management of the affairs
nd business of corporation, and shall
lave also full power to borrow money,
xecute mortgage, issue bonds, make
ontracts, make rules for declaration OIL
|ividends, and generally to do all things
nd act in all matters purtenant to the
bjects and purposes of this corporation,
8 also to issue and deliver full paid
hares of its stock or the bond or obi
ations of this corporation in payment
or labor done, or money Or rights, in
roperty actually received. But any rule
r bylaws is subject to repeal or modi
cation or change by the holders of
,ajority of the stock at any meeting of
1e company"
State Of Louisiana, Parish of Caddo:
ersonally came and appeared J. D. Will
inson, who being by me duly sworn,
eposes and says that he is the secretary
the above and foregoing Kansas
ity, Shreveport and Gulf Railway Com
my. and that the above and foregoing
institutes Z true and correct copy Of
rticles and " OF the Charter of thet
id company as amended and adopted
/ the stockholders Of said company atS |